Politics

• Friday, January 29th 2010 - 01:54 UTC

  Canada confident of its oil potential development in spite of Venezuela

  

  An assessment that Venezuela sits on one of the largest oil fields on record does not threaten the potential of Canadian reserve development, analysts said.

• Friday, January 29th 2010 - 01:52 UTC

  Obama promises jobs and admits a “deficit of trust” by the US people

  

  US president Barack Obama promised to make job creation his top priority as he made his first State of the Union address. Obama forecast the creation of 1.5 million jobs through the 'stimulus bill' in the nationally televised speech Wednesday evening to a joint session of Congress.

• Thursday, January 28th 2010 - 14:15 UTC

  Honduras Lobo moving “in the right direction”, but no US aid restoration yet

  

  Newly-inaugurated Honduran President Porfirio Lobo is taking his country “in the right direction,” but the United States has not decided whether to restore aid to Honduras, said Arturo Valenzuela, US assistant secretary of state for western hemisphere affairs.

• Thursday, January 28th 2010 - 14:03 UTC

  Argentine financial markets waiting for outcome of Central Bank dispute

  

  Argentine financial markets closed lower on Wednesday waiting for the outcome of the ongoing dispute between President Cristina Kirchner and Central bank governor Martin Redrado which is now under consideration in Congress.

• Thursday, January 28th 2010 - 13:55 UTC

  Fed leaves rates unchanged but will begin to wind down liquidity programs

  

  The Federal Reserve said on Wednesday that the U.S. economic activity has continued to “strengthen” and decided to keep a key interest rate unchanged at a record low of between zero to 0.25% to prop up the economy. However there was a dissenting vote.

• Thursday, January 28th 2010 - 13:43 UTC

  Soros backs Obama’s proposals to limit size of banks

  

  Legendary investor George Soros has called for a radical break-up of banks that are “too big to fail”. He also backed US President Barack Obama's proposed reforms to limit the size of banks at the World Economic Forum in Davos.

• Thursday, January 28th 2010 - 13:41 UTC

  Sarkozy raps bankers and calls for a fundamental rethink of capitalism

  

  French President Nicolas Sarkozy has called for a fundamental rethink of capitalism in the aftermath of the financial crisis. “We need deep profound change,” he said in his keynote speech at the World Economic Forum in Davos.

• Thursday, January 28th 2010 - 06:30 UTC

  Chile completes modernization of air power with 44 F16s

  

  Chilean Defence minister Francisco Vidal and Air Force Commander General Ricardo Ortega announced this week that Chile had completed the renovation of its air power with the purchase of 18 F-16s from Holland, 12 Brazilian Super Tucano for training purposes, three KC 135 transport aircrafts and 12 Bell 412 helicopters.

• Thursday, January 28th 2010 - 05:59 UTC

  Lula da Silva thinking of a banker for the October presidential ticket

  

  Brazilian president Lula da Silva is considering supporting a renowned banker such as Central Bank governor Henrique Meirelles, to complete his Workers Party ticket for next October’s presidential election which is expected to be headed by cabinet chief Dilma Rousseff, according to press reports in Sal Paulo.

• Thursday, January 28th 2010 - 05:41 UTC

  “Super Charlie”, 7 year-old from London collects £ 200.000 for Haiti

  

  Seven-year-old Charlie Simpson, from west London, met on Wednesday British Prime Minister's wife at 10 Downing Street after raising more than £200,000 for earthquake victims in Haiti.