Politics

• Saturday, June 26th 2010 - 05:13 UTC

  China says there is no basis for major appreciation of the Yuan or raising rates

  

  Top Chinese financial officials defended the country’s current economic policy and stated there was no need for a major appreciation of the currency or an increase in interest rates since inflation was declining.

• Saturday, June 26th 2010 - 04:42 UTC

  Lula da Silva skips G20 because of floods and presidential election

  

  Brazilian President Lula da Silva has cancelled plans to attend the G-20 economic summit in Toronto, Canada after flooding in the northeast of the country left at least 51 people dead and 120,000 others homeless.

• Friday, June 25th 2010 - 05:38 UTC

  Venezuela plans to nationalize a fleet of oil rigs from US corporation

  

  Venezuela will nationalize a fleet of oil rigs belonging to US Company Helmerich and Payne, the latest takeover in a push to XXI century Socialism announced President Hugo Chávez as he struggles with lower oil output and a recession.

• Friday, June 25th 2010 - 05:34 UTC

  Timerman begins round of regional visits next Tuesday in Montevideo

  

  Argentina’s newly appointed Foreign Affairs minister Hector Timerman begins next Tuesday a round of regional contacts which will take him to Uruguay, Brazil and Chile.

• Friday, June 25th 2010 - 05:17 UTC

  Brazil and Argentina advance in solving bilateral trade issues

  

  Brazil and Argentina made significant advances in outstanding bilateral trade issues following a joint meeting Thursday between top policy makers, Brazilian Finance Minister Guido Mantega told reporters.

• Thursday, June 24th 2010 - 22:50 UTC

  Timerman reaffirms Argentina’s ““unrenounceable” Falklands/Malvinas claim

  

  The United Nations Decolonisation Committee unanimously approved a resolution calling on Argentina and the United Kingdom to ensure the dialogue process and resume negotiations for a peaceful solution to the Falklands/Malvinas question.

• Thursday, June 24th 2010 - 21:55 UTC

  “We would like nothing better than peaceful coexistence with Argentina”

  

  “We would like nothing better than to have a peaceful coexistence with Argentina”, said Falkland Islands Member of the Legislative Assembly Gavin Short addressing the UN Decolonization Committee.

• Thursday, June 24th 2010 - 21:41 UTC

  “C24 needs to decide what is more important: politics or human rights”

  

  The people of the Falkland Islands do not want to become part of Argentina and by pursuing its sovereignty claim “Argentina is seeking to colonise the people of the Falkland Islands”, said Falkland Islands Legislative Assembly Member Emma Edwards before the UN Decolonization Committee.

• Thursday, June 24th 2010 - 06:07 UTC

  G-20 summit: EU wants timetable to scrap stimuli; US warns recovery is still weak

  

  The European Union (EU) has urged the G20 club of nations to agree when to scrap their economic support packages. The EU said a coordinated exit from stimulus measures would help restore confidence and reduce the risk that some countries would be disadvantaged.

• Thursday, June 24th 2010 - 06:03 UTC

  Incumbent Dilma Rousseff takes the leads in Brazil presidential race

  

  Brazil’s incumbent candidate Dilma Rousseff took the lead in the country’s presidential race, according to a new poll. Rousseff, President Lula da Silva’s former cabinet chief, is supported by 40% of those surveyed, according to an Ibope poll for the National Industrial Confederation, or CNI, that was published Wednesday in Brasilia.