MercoPress. South Atlantic News Agency
Stories for July 12th 2008
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Saturday, July 12th 2008 - 21:00 UTC
US trade deficit falls in May; oil imports lowest since 2002
The United States trade deficit shrank in May even when average prices for imported oil surged during the month to a record, according to a US Department of Commerce release on Friday. The deficit narrowed to 59.8 billion US dollars from 60.5 billion in April as both exports and imports rose to record highs.
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Saturday, July 12th 2008 - 21:00 UTC
Cubans must prepare for “realistic” brand of communism
President Raul Castro warned Cubans on Friday to prepare for a “realistic” brand of communism that is economically viable and does away with excessive state subsidies designed to promote equality on the island.
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Saturday, July 12th 2008 - 21:00 UTC
Latam must double investment in infrastructure
In the immediate future, Latinamerica must invest between 150 and 200 billion US dollars a year in infrastructure in order to boost economic growth and reduce poverty, World Bank Vice President, Pamela Cox said in Lima, Peru.
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Saturday, July 12th 2008 - 21:00 UTC
PM Brown urged to discuss Falklands issues with Kirchner
A FOREIGN Affairs Select Committee has urged the Prime Minister to pin down the Argentine president about concerns relating to the Falklands when the visit by President Kirchner, which was cancelled earlier this year, is rearranged.
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Saturday, July 12th 2008 - 21:00 UTC
US government moves into collapsed top mortgage lender
One of the largest United States mortgage lenders, the California-based IndyMac Bank, has collapsed amid a growing credit crisis. Federal regulators seized the bank's assets, fearing it might not be able to meet withdrawals by depositors. It is the second-largest financial institution to fail in US history, regulators say.
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Saturday, July 12th 2008 - 21:00 UTC
US satisfied with Argentine handling of farmers' dispute
The United States said it was satisfied at the way the Argentine government is handling the dispute with the farmers, said Argentine Ambassador to the US Héctor Timerman on Friday, after participating in a meeting with the US Under-Secretary for Western Hemispheric Affairs Thomas Shannon and the Treasury Department Deputy Assistant Secretary for the Western Hemisphere Brian O'Neill.
