Politics

• Tuesday, February 15th 2011 - 05:57 UTC

  US Air Force plane cargo triggers serious Argentina/US diplomatic incident

  

  Argentina presented a formal protest to the United States embassy in Buenos Aires over the incident of a US Air Force plan that landed in the country last Thursday with alleged undeclared military equipment.

• Tuesday, February 15th 2011 - 05:25 UTC

  Brazil ratifies no-support policy for UK military or government vessels linked to Malvinas

  

  Defence minister Arturo Puricelli said Monday that Argentina “has no conflict hypothesis with countries from the region” and thanked the “strong support” from his visiting Brazilian peer Nelson Jobim regarding Argentine sovereignty over the Falklands/Malvinas Islands.

• Monday, February 14th 2011 - 23:47 UTC

  Roubini warns of “hard landing” if developing countries don’t control inflation

  

  Nouriel Roubini the New York University professor, who predicted the credit crisis, said China and other emerging markets risk a “hard landing” as they start raising interest rates to fight inflation.

• Monday, February 14th 2011 - 21:07 UTC

  Argentina hopes to reach an agreement with the Paris Club this month

  

  Argentina’s Economy Minister Amado Boudou heads to France this week to participate in the G20 ministers meeting and will take advantage of the trip to further advance tentative negotiations to resolve the defaulted debt Argentina has with the Paris Club.

• Monday, February 14th 2011 - 18:51 UTC

  China “not too worried” about India/Brazil’s criticism of Yuan policy

  

  In spite of United States inciting Brazil and India to criticise China's currency policy, Beijing need “not worry too much” because it can defuse the tension through talks, according to Chinese officials.

• Monday, February 14th 2011 - 15:59 UTC

  Egyptian military promise constitutional referendum in 2 months

  

  Egyptian pro-democracy activist Wael Ghonim said Monday the country's new military rulers have promised him that a referendum will be held on a revised constitution in two months.

• Monday, February 14th 2011 - 15:46 UTC

  Germany opposed to ECB buying sovereign bonds from indebted members

  

  Germany's hopes for the next European Central Bank (ECB) chief to be a German have been hit after another possible candidate ruled himself out of the job. Ex-finance minister Peer Steinbrueck said he was not interested in the role as he shared the same views as outgoing Bundesbank President Axel Weber.

• Monday, February 14th 2011 - 15:42 UTC

  Russia’s massive privatization drive takes off with sale of stake in main bank

  

  Russia has raised 96 billion roubles (3.3 billion USD) from the sale of a 10% stake in the country's second biggest bank, VTB. The sale marks the start of the government's huge privatisation drive aimed at raising 1 trillion roubles over three years.

• Monday, February 14th 2011 - 15:11 UTC

  People in the mood of throwing away despots: who’s next?

  

  By Tanveer Jafri - February 11, 2011 has gone down the pages of history as a day when 82 years old Egyptian President Hosni Mubarak, as a result of the people’s anger, had to escape his Presidential palace after 30 years of autocratic rule.

• Monday, February 14th 2011 - 14:54 UTC

  Obama proposes drastic budget cuts; goal: 3.2% of GDP deficit by 2015

  

  President Barack Obama proposed a budget that would cut the US deficit by 1.1 trillion US dollars over 10 years, setting the stage for a bitter fight with the opposition Republicans who vow even tougher spending controls.