China Tel will be putting $62 million into selling internet protocol telephony in Peru, via its subsidiary Perusat.
The euro crisis is far from over and the peripheral members of the euro zone should temporarily exit the currency bloc and get their financial houses in order, said a Pimco bond fund manager. Otherwise, current policies are ineffective in the absence of fiscal unity and will likely lead to a break-up of the euro.
What the Federal Reserve giveth, Obama taketh away.
What the Federal Reserve giveth, Obama taketh away.
China Petrochemical Corp, parent of Sinopec Corp <0386.HK>, agreed to buy all of U.S.-based Occidental Petroleum Corp's oil and gas assets in Argentina for $2.45 billion, marking the energy giant's first foray into the upstream market in the Latin America country.
Young kids hurling stones at army tanks, stifling curfews, incongruous checkpoints and an unrelenting settlement activity...The visualization of the word 'Palestine' is unlikely to change any time soon. Fathers would still have to carry children on their shoulders to protest against the army incursions while their mothers rally in support of people forced out as a result of expanding settlements. The peace talks have been officially stalled, the latest of the news reports suggest.
China was the subject of most number of anti-dumping investigations in the first half of the year, and products exported from China attracted the highest number of anti-dumping measures by other countries, the World Trade Organization (WTO) has said in a report.
Once yuan becomes fully convertible, countries importing Chinese goods will invariably have to have a reserve of yuan. And they will have to build up a yuan reserve by offloading their dollar reserves. If a major chunk of ASEAN and Latin American countries take this path, it will seriously dent the greenback's status as the global reserve currency.
Scientists found a form of bacteria that can use arsenic in its DNA, and uses the arsenic to metabolize and grow.
World trade growth slowed in the third quarter of the year, according to the latest World Trade Organization (WTO) figures. An 18 percent rise in global merchandise trade annually in value terms was remarkably lower than the 26 percent increase registered in the second quarter.
No central bank ever began a hyper-inflationary policy because it feared inflation. Such disasters always come because of vanished credit and economic depression. And whether in Germany nine decades ago, or in Argentina twenty years back, or in Robert Mugabe's Zimbabwe around the turn of this century, stuff actually gets cheaper - not more expensive - in real terms during hyperinflation.
Patagonia Gold Plc said on Wednesday that it has obtained approval of the the biannual environmental impact report (EIR) for El Tranquilo from authorities of Santa Cruz province of Argentina.
Given the explosive expansion of electronic gadgets in recent years, the demand for lithium has surged. Now, with the imminent development of more electric and hybrid vehicles (whose batteries will increasingly use lithium), demand for this obscure metal could skyrocket.
Nissan Motor Co is recalling 604,500 vehicles in North and South America and Africa markets over fears that a fault could cause the steering column to crack.
Angel Gurria, Secretary- General of the Organization for Economic Cooperation and Development, an organization consulted by the nations of the world, including most of the nations of the G-20, put the very complex matter of what the G-20 is attempting to do at its summit in Seoul this week, in simple and precise terms.
One of the most interesting – and perhaps under-reported -- aspects of the G20 summit in Seoul is the four female political leaders in attendance. According to press reports, no prior G20 summit has had this many women heads of state.
The US Federal Reserve' s quantitative easing can lead to asset bubbles as the money goes in search of equity, property and other such assets in a low-interest rate scenario, said Kaushik Basu, chief economic advisor to India's finance minister.
Job prospects have improved dramatically in emerging markets like China compared with three months ago, but the fourth-quarter hiring outlook dipped slightly in the United States and Germany
Canada's Goldcorp Inc agreed to buy Argentina-focused gold miner Andean Resources Ltd for C$3.6 billion ($3.4 billion), trumping a competing offer from rival Eldorado Gold Corp.
(Corrects U.S. dollar figure in headline and first par to $3.4 billion from $3.2 billion)
World's largest cooking oil consumer China said the country needs to step up agricultural innovation, including development of its own GM varieties, in response to climate change and to reduce reliance on foreign technologies.
Russia´s ban on grain exports caused a buying frenzy on global grain markets, driving prices up sharply under record high volumes.
