Euro debt crisis likely to spill into 2011
2010-12-30 13:57:03
The eurozone has been plagued by a sovereign debt crisis throughout 2010, and several financial experts in Denmark warned that the mired situation may extend well into 2011.
US praises Reserve Bank of India in Iran dispute
2010-12-30 11:12:06
The United States on Wednesday praised the Reserve Bank of India for reducing its dealings with Iran's central bank, saying the Islamic Republic misuses its financial relationships to support its nuclear program.
US bank failures set 18-year high in 2010
2010-12-30 09:51:07
The number of US banks gone into bankruptcy this year reached the highest level since 1992, according to media report on Wednesday.
China: South Africa's joining BRIC good for emerging economies
2010-12-28 17:52:43
China on Tuesday said South Africa's accession to the BRIC, which currently includes Brazil, Russia, India and China, will boost cooperation between emerging economies.
Iran foresees crude price at $100 per barrel
2010-12-27 15:52:53
Iran's OPEC Governor Mohammad Ali Khatibi said that the crude price may reach $100 per barrel, the local satellite Press TV reported on Monday.
Inflation hits 5.2% in Brazil; food prices hike
2010-12-24 14:19:27
Brazilian Minister of Finance Guido Mantega on Thursday blamed rising food prices for the higher inflation facing the country over the past few months.
Spanish Christmas lottery hands out $3 billion
2010-12-24 09:57:29
Spain's beloved Christmas lottery sprinkled 2.3 billion euros ($3 billion) in holiday cheer across the country Wednesday, handing out winnings eagerly welcomed by a nation facing 20 percent unemployment.
Report: Treasury OK'd US business with Iran
2010-12-24 09:01:55
The New York Times is reporting that the Treasury Department has granted nearly 10,000 exceptions to American companies over the past decade so that they could skirt US sanctions on Iran and other countries the US considers sponsors of terror.
Gold a 'reference point' to monetary system reform: WB
2010-12-23 10:42:59
World Bank President Robert Zoellick on Wednesday reaffirmed his proposal to use gold as a "reference point" to reform the current international monetary system in Paris.
Inflow of dollars poses challenges to Latin America
2010-12-22 15:53:29
The recent massive inflow of US dollars into Latin America in large quantities will pose tough challenges to the region in 2011.
China loans Congo $75.8 m for development
2010-12-22 14:40:58
China on Tuesday concluded with the Republic of Congo an interest-free loan agreement of 500 million RMB ($75.8 million) for the development of medical care and agriculture in the Central African country.
Mexican oil company blames theft for explosion
2010-12-22 14:05:28
Mexico's state oil giant Petroleos Mexicanos (Pemex) Tuesday blamed oil thieves for Sunday's oil pipeline explosion, which killed 28 people and injured 52 others.