International

• Thursday, April 14th 2011 - 22:57 UTC

  Latam’s challenge: combating inflation but also the inflow of speculative capital

  

  Strong public and private consumption, abundant credit and strong currency appreciation among other reasons helped Latin American countries overcome the 2008/09 recession and outperform other regions according to the World Bank report Latin America and the Caribbean’s Success Put to the Test.

• Thursday, April 14th 2011 - 21:01 UTC

  More people deeper in poverty as food prices soar 36%, says World Bank

  

  Driven in part by higher fuel costs connected to events in the Middle East and North Africa, global food prices are 36% above their levels a year ago and remain volatile, pushing people deeper into poverty, according to new World Bank Group numbers released Thursday.

• Thursday, April 14th 2011 - 20:43 UTC

  The bank that grasses politicians up

  

  A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain” claimed Mark Twain a long time ago. After greedy and socially irresponsible bankers wreaked havoc around the world in 2008 no wonder this cynical comment by the famous writer is still referred to.

• Thursday, April 14th 2011 - 19:54 UTC

  BRICS calls for new global monetary system with less reliance on the dollar

  

  The BRICS group of emerging-market powers kept up the pressure for a revamped global monetary system that relies less on the US dollar and for a louder voice in international financial institutions.

• Thursday, April 14th 2011 - 05:34 UTC

  Oil to remain high, look for alternative sources of energy recommends IMF

  

  Oil prices are likely to remain high for the foreseeable future and IMF economists say that governments should be looking to back sustainable alternative sources of energy.

• Thursday, April 14th 2011 - 05:32 UTC

  UN peacekeeping operations to suffer most from US funding cuts

  

  United States lawmakers are poised to cut spending on the United Nations by hundreds of millions of dollars, less than a week after UN Secretary-General Ban Ki-moon came to Congress to ask for continued strong support.

• Thursday, April 14th 2011 - 05:16 UTC

  Libya and global financial system reform in BRICS’ international agenda

  

  Leaders of the world's major emerging powers will meet again Thursday in China to tackle the conflict in Libya, reform of the international financial system and look at how developing nations can exercise more clout on the global stage.

• Thursday, April 14th 2011 - 05:00 UTC

  BRICS members discuss trade grievances with host China

  

  Chinese President Hu Jintao came under pressure from fellow BRICS members Brazil, Russia, India and South Africa to open the Chinese market to goods ranging from Indian drugs to Brazilian planes as leaders gathered on a tropical south China island for a summit.

• Wednesday, April 13th 2011 - 22:55 UTC

  Mercosur/EU will exchange proposals in the coming two months, says De Gutch

  

  The European Union and Mercosur currently holding a round of association and trade talks will be exchanging proposals for market access of their list of products in the coming two months, according to the EU Trade Commissioner Karel De Gucht.

• Wednesday, April 13th 2011 - 18:34 UTC

  Mercosur to release members’ same criteria macro-economic data beginning June

  

  Beginning June, Mercosur full members will share macro-economic indicators elaborated with the same criteria and which will be released simultaneously, according to reports in the Montevideo press. The initiative was partly financed by the European Union that also played an advisory role.