
China’s two largest state-owned grains and oilseeds trading companies to import soybean oil from Argentina, easing restrictions imposed in April. Beijing-based Cofco Ltd., China’s biggest grain trader, and China Grain Reserves Corp. have been cleared by the commerce ministry to import soybean oil from Argentina.

US born Peter Diamond and Dale Mortensen, and British-Cypriot Christopher Pissarides, have won the 2010 Nobel economics prize. They were honoured for work on how unemployment, job vacancies and wages are affected by regulation and policy.

The Queen has officially named Cunard's new Queen Elizabeth cruise ship in the port of Southampton. The ship will leave on her maiden voyage to the Canary Islands on Tuesday - a trip that was fully booked less than 30 minutes after going on sale.

Peruvian Nobel Literature Prize 2010 Mario Vargas Llosa claims Argentine president Cristina Fernández de Kirchner leads a “government corroded by corruption” and said that Argentina is disappearing as a political reference in Latinamerica.

Spanish is the third most common language in the web with 136 million users which represents 8% of the total number of internauts in the world, behind English (38%) and Chinese (22%) according to a report from Fundacion Telefonica New York.

China has reacted angrily to news that one of its dissidents has won this year's Nobel Peace Prize, labelling it obscene and saying the prize has gone to a criminal. Nobel Committee president Thorbjoern Jagland announced the illustrious award in Oslo.

World leaders must defuse currency tensions before they worsen to avoid repeating the mistakes of the Great Depression, the head of the World Bank President Robert Zoellick told reporters.

The 2010 Nobel literature prize winner Peruvian born author Mario Vargas Llosa said that he felt a great joy'' when he was called with the news, but at first, he thought it might be a joke, I thought I had been completely forgotten by the Academy. I didn't even know the prize was being given this month.''

Argentina’s President Cristina Fernández de Kirchner plummeted to the No. 68 spot on this year's The World's 100 Most Powerful Women list made by US business magazine Forbes in New York, down from her No 11 position last year.

China's imported auto market continues to flourish with sales of 460,000 in the first seven months of this year. It represents a growth rate of 150% compared with the same period of last year.