Stories for June 15th 2011
Argentina’s official May ‘fantasy’ inflation 0.7%; private consultants, 1.5%
Inflation in Argentina reached 0.7% in May compared to the volume reported in the previous month, the Indec national statistics bureau announced on Wednesday. The official rate is less than half what was presented on Tuesday by opposition lawmakers, which they assured reached 1.5% and 23% in the last twelve months.
Argentina attracted 40% of all Chinese investments in the region in last 12 months
Argentina attracted 40% of all Chinese investments in the region in the last twelve months (June 2010/May 2011) and prospects remain “optimistic” reveals a report from Deloitte.
End of intense La Niña cycle anticipates return to average rainfall in Chile
The most intense La Niña climate pattern since 1975 is coming to a close in Chile, after it cooled water temperatures off the Pacific coast of South America and left a troubling drought in its wake.
French giant oil group Total invests heavily in solar energy
French oil and gas giant Total completed its 1.3 billion US dollars tender offer to buy a controlling 60% stake in SunPower, a California provider of solar power systems, the two companies announced Wednesday.
Siemens manager charged for allegedly bribing Argentine officials with 27 million USD
A former management board member of Germany’s Siemens AG has been charged with breach of trust for alleged bribery payments made to win a project in Argentina, the Munich State Prosecutors office said this week.
Spain accuses Gibraltar before the C 24 of “colonialism by consent”
Spain has told the United Nations Committee of 24 (C24) that despite the “impasse afflicting the Brussels process”, Madrid's goodwill allows regional co-operation with Gibraltar and UK to continue under the Tripartite Forum.
Dilma moving closer to the opposition and “taking distance from Lula da Silva”
Brazilian president Dilma Rousseff has exchanged approximation signals with the opposition, beginning to “take distance” from her mentor Lula da Silva and seems closer to opposition Senator and former president Fernando Cardoso.
Gibraltar calls on opposition to forget about C24, ‘they will never de-colonize’
The Gibraltar Government called this week on the Opposition “to abandon attendance at the Committee of 24 and support Chief Minister Peter Caruana at the United Nations in October.”
Major economies, except the US, loosing recovery momentum, says OECD report
Major economies, with the exception of the United States, are losing momentum as the outlook for growth worsens in European and developing countries, the OECD's leading indicator for April showed on Wednesday.
Argentina industrial output up 7.9% in April and 9.2% in first four months
Argentina’s industrial output rose 7.9% on the year in April and was down 0.2% on the month, the country's manufacturers association, UIA, said in a statement. In the first four months of the year industrial output was 9.2% higher than the same period in 2010.
