International

Wednesday, October 13th 2010 - 00:40 UTC
Chinese oil company sets foot on shale oil and gas field in Texas

Chinese oil company CNOOC has agreed to pay just over one billion US dollars for a 33% stake in a South Texas shale oil and gas field. CNOOC announced the deal with Chesapeake Energy Corporation, which will also see it fund 75% of Chesapeake's share of the costs until an additional 1.08 billion has been paid.
Tuesday, October 12th 2010 - 20:10 UTC
New UN Security Council members expected to push strongly for reforms

Germany, India, South Africa and Colombia have won two-year seats on the UN Security Council as non veto power members. Portugal got the other available place when Canada withdrew its bid after the second round of voting at the UN General Assembly in New York.
Tuesday, October 12th 2010 - 19:29 UTC
UK wants to sell Brazil 11 naval bases, but is a late starter behind France and Italy

Britain is ramping up efforts to sell about 11 new naval vessels, including frigates, to the Brazilian Navy in a bid to catch up with marketing efforts launched by France and Italy, according to a recent article from DefenseNews.
Tuesday, October 12th 2010 - 06:59 UTC
China resumes purchases of Argentine soy beans banned since April

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.
Tuesday, October 12th 2010 - 06:55 UTC
Nobel Economics Prize for experts in labour market and jobs

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.
Tuesday, October 12th 2010 - 06:51 UTC
“Queen Elizabeth” maiden voyage fully booked less in less than 30 minutes

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.
Tuesday, October 12th 2010 - 00:55 UTC
The Kirchner couple government “is corroded by corruption”

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.
Tuesday, October 12th 2010 - 00:42 UTC
Spanish, the third most common language in the web

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.
Saturday, October 9th 2010 - 02:04 UTC
China reacts angrily to award of Nobel Peace Prize to dissident Liu Xiabo

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.
Friday, October 8th 2010 - 00:42 UTC
“Global currencies and trade wars” led to Great Depression warn IMF and WB

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.