International

• Wednesday, April 14th 2010 - 01:26 UTC

  Brazil believes the Chinese currency will appreciate “a bit more” this year

  

  China may let the Yuan gain “a bit more” within 12 months as the world’s third-largest economy moves away from a currency policy that creates distortions, Brazilian central bank President Henrique Meirelles said.

• Tuesday, April 13th 2010 - 23:58 UTC

  China will reform exchange rate regime at “its own time and needs”

  

  Chinese President Hu Jintao has resisted pressure from US President Obama to raise the value of the Chinese Yuan. He told Mr Obama that it would “neither balance Sino-US trade nor solve the US unemployment problem”, Chinese official news agency Xinhua reported.

• Tuesday, April 13th 2010 - 23:55 UTC

  Chinese company buys further into Canada’s oil-sands

  

  China Petroleum and Chemical Corp, Sinopec more than doubled China's presence in Canada’s oil-sands by paying 4.65 billion US dollars for US for ConocoPhillips' 9% stake in Syncrude Canada Ltd.

• Tuesday, April 13th 2010 - 23:52 UTC

  Rebound in exports helps to narrow UK trade deficit in February

  

  A rebound in exports helped to narrow the UK trade deficit in February, official figures have shown. The trade deficit in goods and services shrank to £2.1bn, down from a £3.9bn deficit in January.

• Tuesday, April 13th 2010 - 23:48 UTC

  High liquidity and capital flows impact on non crisis countries admits IMF

  

  The unprecedented liquidity created by countries to fight the economic crisis could create problems for policymakers in some advanced and emerging market economies with relatively strong growth prospects and higher interest rates, the International Monetary Fund said in a new report.

• Tuesday, April 13th 2010 - 02:41 UTC

  IMF boosts new emergency lending facility ten fold to 550 billion USD

  

  The Executive Board of the International Monetary Fund (IMF) approved Monday a ten-fold expansion of the Fund’s New Arrangements to Borrow (NAB) and the transformation of the Fund’s premier standing credit arrangement into a more flexible and effective tool of crisis management.

• Tuesday, April 13th 2010 - 02:35 UTC

  Polish tragedy marks European Union first day of official mourning

  

  Russia and the European Union marked Monday an official day of mourning as Poland observes a week of commemoration following the deaths of President Lech Kaczynski, the first lady, and dozens of senior Polish leaders and military officials in a plane crash in Russia on Saturday.

• Tuesday, April 13th 2010 - 01:29 UTC

  Research shows Omega-3 may boost diabetics' kidney health

  

  Kidney function improved in type-1 diabetics with the highest average intake of eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) versus those who consumed the lower fatty acids intakes, according to the latest issue of the journal Diabetes Care.

• Tuesday, April 13th 2010 - 01:02 UTC

  USDA predicts largest global glut of wheat since 2002

  

  The world will have so much wheat this year that the US farmers could leave every acre unplanted and still have a surplus, a sign of more losses after futures had their worst first quarter in 15 years.

• Tuesday, April 13th 2010 - 00:17 UTC

  China reports first trade deficit in 6 years and drastic drop in bank lending

  

  China reported a rare monthly trade deficit for the first time since May 2004. China’s foreign trade was up nearly 43% in March to over 231 billion USD, out of which exports accounted for about 112.1 billion and imports about 119.4 billion.