Stories for August 21st 2007
United Nations finalizing Flash Appeal for Peru
As the United Nations (UN) system finalizes a Flash Appeal for the earthquake stricken parts of Peru, UN inter-agency teams are assessing the situation in the affected areas.
Hurricane Dean strengthens into a Category 5 storm
Hurricane Dean strengthened into a monstrous Category 5 storm Monday night as its outer bands of wind and rain slammed the coasts of Mexico and Belize. Thousands of tourists fled the beaches of the Mayan Riviera as it roared toward the ancient ruins and modern oil installations of the Yucatan Peninsula.
World economy prospects still good, says IMF
Ministers responsible for the economy and finance, and governors and administrators of central banks from Africa and the International Monetary Fund officials are in Maputo Monday discussing the commitment of the Breton Woods institution towards the continent.
Sao Paulo Airport's Main Runway Shut for Repairs
The main runway at Brazil's biggest international airport was shut today and will remain closed for almost two months while construction crews rebuild the tarmac to improve safety.
China hikes interest rates for the fourth time this year
China raised interest rates on Tuesday for the fourth time this year in an attempt to control the country's economic expansion as stock prices hit another record high and inflation in July was the highest in a decade.
Mortgage buble: risk rating agencies to be grilled by US Senate
Credit rating companies must “shoulder some responsibility” for sub-prime mortgage bonds that have sparked a crisis in credit markets said United States Senator Richard C. Shelby, the Senate Banking Committee's top Republican.
Latam business climate “remains favorable”, says FGV
Latinamerica business climate remained favorable in July and reached its highest level since April 2000, according to the quarterly report from the prestigious Brazilian Foundation Getulio Vargas, FGV.
