International

Friday, May 28th 2010 - 04:53 UTC
Brazil suggests Yuan and Real be included as IMF conversion currencies

Brazilian Finance Minister Guido Mantega suggested the International Monetary Fund (IMF) include China's Yuan and Brazil's Real as conversion currencies for Special Drawing Rights (SDR) of the institution.
Friday, May 28th 2010 - 04:37 UTC
Sociologists Touraine and Bauman awarded the 2010 Prince of Asturias awards

French Sociologists Alain Touraine and Polish born Zygmunt Bauman received on Thursday the 2010 Prince of Asturias Awards for Communication and Humanities.
Friday, May 28th 2010 - 04:36 UTC
World markets and Euro boosted by China’s supportive comments

World stock markets soared strongly on Thursday, boosted by supportive comments from China on the strength of the Euro. The agency that manages the country's huge foreign assets said it was not rethinking its holdings in Euros.
Friday, May 28th 2010 - 04:35 UTC
Spain’s austerity package narrowly approved by one vote

There has been temporary relief for Spain’s governing Socialists as parliament narrowly approved the 15 billion Euro austerity package: the motion was passed by only one vote, 169 to 168.
Friday, May 28th 2010 - 04:31 UTC
Ancestors of modern squid identified by Canadian researchers

The ancestors of modern squid may have existed half a billion years ago - a lot earlier than previously thought. In a new study, Canadian researchers identified a previously unclassifiable fossil that was long believed to belong perhaps to the shrimp family.
Thursday, May 27th 2010 - 09:09 UTC
Germany preparing for “orderly state insolvency” in support of the Euro

Germany's push for an orderly insolvency process for indebted Euro zone states suggests Berlin is assuming the worst: that one of its peers -- most likely Greece -- will default on its debt repayments.
Thursday, May 27th 2010 - 08:29 UTC
Cuban consul in Norway accused of “biting” demonstrator’s hand

An allegedly peaceful rally for a democratic Cuba outside the Cuban Embassy in Norway’s capital Oslo turned bloody at the weekend, and could turn into a diplomatic incident.
Thursday, May 27th 2010 - 08:16 UTC
China’s concern over its Euro holdings tumbles the currency

United States markets have put an end to what had been a day of stock market revivals around the world. After a day that had been mostly positive, New York's benchmark Dow Jones closed down 0.69% at 9974.45 - a four month low.
Wednesday, May 26th 2010 - 05:56 UTC
Financial regulation should be coordinated internationally, says IMF

The world avoided a great economic depression and will recover thanks to close cooperation from the international community, said IMF chief Dominique Strauss-Kahn.
Wednesday, May 26th 2010 - 04:09 UTC
Italy joins the Euro-support club; announces budget cuts of 24 billion Euros

Italy joined Tuesday the group of European countries that have decided to trim government spending in an effort to convince investors that Euro nations are capable of fiscal balance and defending the single currency.