International

Wednesday, September 23rd 2009 - 12:07 UTC
“Europeans to loose clout to China” in IMF restructuring, says Strauss-Kahn

China will get the biggest increase in voting power at the IMF (*) when the global lender completes a long-awaited restructuring in 2011, the head of the IMF said Tuesday. In an interview with Reuters, IMF Managing Director Dominique Strauss-Kahn said European nations, which have resisted a dilution of their global economic clout in the IMF, increasingly recognized it was time for change.
Wednesday, September 23rd 2009 - 12:04 UTC
Lamy remains cautious about Doha Round outlook

World Trade Organization (WTO) chief Pascal Lamy said Tuesday that he was still cautious about the outlook of the Doha Round of global trade negotiations despite a detailed work program drawn up by senior officials last week. He also called for leadership and responsibility from G-20 leaders meeting this week in Pittsburgh.
Wednesday, September 23rd 2009 - 11:14 UTC
Argentina to host 2010 Ibero-American summit in Mar del Plata

Mar del Plata, Argentina will host the next Ibero-American summit in November 2010 in coincidence with the bicentennial of the country, announced Ibero-American chairman Enrique Iglesias following a meeting with President Cristina Fernandez de Kirchner in New York.
Tuesday, September 22nd 2009 - 12:40 UTC
British PM anticipates no early end to international “fiscal stimulus”

British Primer Minister Gordon Brown has warned there will be no early end to the international “fiscal stimulus” package agreed by world leaders to drag the global economy out of recession.
Tuesday, September 22nd 2009 - 07:13 UTC
Obama wants China and Germany to spend more and US less debt addict

United States President Barack Obama said he would push world leaders this week for a reshaping of the global economy in response to the deepest financial crisis in decades. Meantime in Europe, officials kept up pressure for a deal to curb bankers' pay and bonuses at a two-day summit of leaders from the Group of 20 countries, which begins on Thursday.
Tuesday, September 22nd 2009 - 05:25 UTC
Fishing exhibition in Spain closes with 500 million Euros in business contracts

Companies that participated in the sixth edition of the World Fishing Exhibition (WFE) that was held in Vigo between 16 and 19 September, closed contracts worth around EUR 500 million. According to the fishing fair organisation, this number could be higher when the complete balance of all the exhibitors is tallied.
Tuesday, September 22nd 2009 - 05:19 UTC
France’s Total predicts oil at 100 USD because of underinvestment

The head of French oil giant Total has told the BBC the world could face a shortage of oil because of underinvestment. Chief executive Christophe de Margerie warned that too little has been spent trying to tap into new oil reserves because of the economic crisis.
Monday, September 21st 2009 - 11:31 UTC
Argentina announces formal negotiations with the Club of Paris

Argentina’s Economy minister Amado Boudou meets this week with its French peer Christine Lagarde for the resumption of negotiations with the Club of Paris. The meeting will take place previous to the G-20 presidential summit in Pittsburgh.
Monday, September 21st 2009 - 11:20 UTC
Surprise, surprise: when in summer try watermelons

A juicy slice of watermelon may be more than just delicious; it could be the answer to problems with erectile dysfunction, or ED. The idea of eating watermelons for erectile dysfunction treatment might sound absurd but it is a reality according to latest medical reports from the US.
Monday, September 21st 2009 - 11:16 UTC
Italian tax police seize Maradona’s earrings

Football legend Diego Maradona had his earrings seized by Italian authorities to help pay off his back taxes, according to media reports. The current coach of Argentina's national team was staying at a clinic in northern Italy in a bid to lose weight when finance police swooped, according to Reuters and later confirmed by the Argentine press.