Stories for September 6th 2008
Brazil's inflation easing but Central Bank not convinced
Brazil's consumer prices index in August increased at its slowest pace in 11 months, 0.28% following on a significant drop in food prices according to the latest release from the Brazilian Geography and Statistics Institute, IBGE.
Oil down 40 dollars from its record price of 147 a barrel
Oil prices have dipped below 106 US dollars as traders predicted that rising US unemployment would lead to consumers cutting back on petrol use. US light, sweet crude fell as low as $105.16 a barrel before recovering to settle down $1.66 at $106.23. Brent crude dropped $2.21 to $104.09.
Rich countries slowdown threatens emerging economies
While developing countries' economies are forecasted to expand by 6% this year that growth could potentially be checked by the slowdown in wealthier nations, according to a new report by the United Nations Conference on Trade and Development (UNCTAD).
Protesters paralyze Bolivian highways, airport
Protesters stormed a small airport Friday and blocked major highways across eastern Bolivia in a standoff over central government reforms designed to empower Bolivia's indigenous majority.
Argentine president travels to reaffirm Brazilian alliance
Argentine president Cristina Fernandez de Kirchner arrives Saturday in Brazil to consolidate the strategic integration alliance and hopefully return with investments and impregnated with the dynamic spirit of Latinamerica's largest economy.
Chavez nationalizes domestic fuel wholesalers
President Hugo Chavez got the legislative rubber stamp Thursday he needs to complete his effective nationalization of Venezuela's fuel industry.
Ingrid Betancourt named Woman of the Year
Colombia's former presidential candidate Ingrid Betancourt who was rescued in July from the captivity of the country's leftist rebels has been named the Woman of the Year by the World Awards Association (WAA)the EFE news agency reported Saturday.
US, China and Europe: different instruments, different realities
On September 1 and 2, world bankers, economists and finance academics participated in an event hosted by the Argentine Central Bank, “Financial Turbulences. Impact on Developed and emerging economies”
HMS Liverpool bids Falkland Islands farewell
HMS Liverpool was the centre of a 'Falklands flotilla' capability demonstration last week, shortly before she leaves the Falklands and returns to the Northern hemisphere and eventually back to the UK via South Africa.
