ARGENTINA

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China's Sinopec buys Occidental's Argentina assets

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.

Palestine - A distant dream or near reality?

Palestine - A distant dream or a near reality?
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.

Chinese products attract most anti-dumping measures worldwide: WTO

An employee walks in front of shelves with newly made shoes at a leather shoe factory in Hefei, Anhui province - file photo
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.
US Dollar BIll Seen

US dollar’s status under threat as China expands trade settlements in yuan

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.
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Lithium-ion batteries

A lithium ETF: A new type of commodity investment

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.
Angel Gurria, Secretary- General of the Organization for Economic Cooperation and Development

Resist protectionism, group says

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.
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Glass ceiling breaks at G20

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.
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U.S. hiring outlook dips slightly: Manpower

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
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China to develop own GM food varieties

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.
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Record emerging debt issuance a sign of caution

Emerging market governments and investors have issued near-record amounts of debt this month and cash-loaded investors, afraid to bet on stocks, have flocked to the relative safety of bonds.
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BP tees up asset sales to pay for spill

A day after BP said it would sell $30 billion in assets to pay for its Gulf of Mexico oil spill, the focus shifted to what is for sale, while lawyers prepared to tackle a mountain of claims for damages.
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Winemakers shun social media grapevine

More than 80 percent of the 532 French winemakers surveyed by online marketing company mysocialwinery.com said they did not blog or use Facebook, Twitter or other websites that allow consumers to comment, recommend, track or question wine producers.
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Fitch raises Argentina rating out of default

Fitch Ratings on Monday raised Argentina's credit ratings out of default, following the completion of a debt swap last month, but said the deal is not enough to open new financing sources for the country. Fitch assigned to Argentina's foreign-currency bonds a B rating, or five notches into junk rating, noting that the country has removed from the market more than 90 percent of the bonds it had defaulted on in 2002.
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Santander keen to expand in Colombia, Peru: report

Banco Santander , Spain's biggest bank, is on the prowl for more acquisitions in Colombia and Peru as it presses ahead with its expansion across Latin America, the Financial Times reported on Monday.
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World Cup fever fuels German growth hopes

Germany's strong run in the World Cup may be the catalyst for a growth spurt by Europe's largest economy, as consumers riding the feelgood factor of national success dip in to their savings and start spending again.
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Argentina says Europe's fiscal focus is wrong

Europe's focus on cutting deficits is absolutely wrong, Argentine President Cristina Fernandez said on Saturday, citing her country's experience with austerity she said helped lead to a huge default in 2001.
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G20 countries to tame debt at their own pace

World leaders moved away on Saturday from lockstep policy pledges to secure economic recovery, leaving countries leeway to chart their own courses in taming government debt and clamping down on banks to prevent another financial crisis.
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G20 countries to fight debt at own pace

World leaders neared agreement on Saturday to halve their budget deficits within three years but, fearing spending cuts would jeopardize a fragile recovery, they planned to allow each country to set its own pace.
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Europe digs in on budget austerity ahead of G20

European policymakers defended budget austerity plans on Thursday ahead of a G20 summit set to pit calls for fiscal restraint against warnings that heavy cost-cutting threatens recovery.

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