International

• Friday, June 11th 2010 - 00:37 UTC

  Bank of England leaves rates and quantitative easing funds unchanged

  

  UK interest rates have been kept on hold at a record low of 0.5% for the 15th month in a row. The Bank of England also decided on Thursday not to inject any more money into the UK economy under its policy of quantitative easing (QE).

• Friday, June 11th 2010 - 00:04 UTC

  Taiana announces in Shanghai Cristina’s official visit to China next July

  

  Argentine President Cristina Fernández de Kirchner is scheduled to make an official visit to China and meet with President Hu Jintao next July, announced Foreign Minister Jorge Taiana during his visit to the Argentine pavilion in the Shanghai World Expo.

• Thursday, June 10th 2010 - 22:25 UTC

  Lady Di strapless taffeta dress purchased by Chile’s fashion museum

  

  The Chilean Museum de la Moda (Fashion) purchased a strapless taffeta dress that Princess Diana wore to one of her first official engagements for more than four times the initial price.

• Thursday, June 10th 2010 - 18:20 UTC

  Global economic reforms impeded by China’s Yuan policy, claims US

  

  Global economic reforms are being impeded by China's refusal to revalue its currency, the Yuan, US Treasury Secretary Timothy Geithner has said. Addressing the US Senate Committee on Finance he said that distortions caused by China's stance were “an impediment to the global rebalancing we need”.

• Thursday, June 10th 2010 - 07:02 UTC

  Uruguay ranks as the most peaceful country in Latinamerica

  

  Figures published this week by the Global Peace Index, GPI, show homicide rates and violent crime had increased around the world, particularly in Latin America, where levels of peacefulness showed the biggest slip over the past 12 months. According to that criteria Uruguay (24) ranks as the most peaceful country of the region and Colombia (138) the most violent out of a world total of 149.

• Thursday, June 10th 2010 - 06:47 UTC

  Chinese exports displace Brazilian goods overseas and at home

  

  Brazil lost an estimated 12.6 billion US dollars in exports between 2004 and 2009 because of Chinese penetration in the country’s main international markets according to a report from the powerful Federation of Sao Paulo States industries, FIESP, released Wednesday.

• Thursday, June 10th 2010 - 06:42 UTC

  Annual plunder of developing countries could finance 48.000 km of paved roads

  

  At a time of global economic hardship, corruption fighters from around the world convened this week in Paris to work against further plundering of developing countries, by supporting efforts against asset theft and safe havens for ill-gotten gains.

• Thursday, June 10th 2010 - 06:39 UTC

  China’s exports soar 48.5% in May, the highest in more than six years

  

  China’s exports jumped 48.5% in May from a year earlier, the biggest gain in more than six years. However the impact of the European crisis is still to be seen following on this week’s IMF warning that global economic risks have risen significantly.

• Thursday, June 10th 2010 - 06:33 UTC

  World Bank warns European crisis could derail global recovery

  

  The global economic recovery continues to advance, but Europe’s debt crisis has created new hurdles on the road to sustainable medium term growth, cautions the World Bank’s latest Global Economic Prospects 2010, released Thursday online.

• Wednesday, June 9th 2010 - 21:18 UTC

  UK reaffirms Falklands’ self determination and British sovereignty

  

  The British Foreign Office reaffirmed Wednesday the right to self determination of the Falkland Islands and dismissed the latest statements calling for sovereignty negotiations over the Islands with Argentina.