Stories for November 2nd 2011
Brazil receives 8bn dollars loan to lift another 16 million people from ‘misery’
Brazil will receive 8 billion dollars in financing from the World Bank to push its campaign to uproot extreme hardship deeper into some of the country's poorest areas, the bank said on Wednesday.
UK court rules WikiLeaks’ founder should be extradited to Sweden
WikiLeaks' founder Julian Assange should be sent to Sweden from Britain to face questioning over alleged sex crimes, London's High Court ruled Wednesday, rejecting his appeal against extradition.
Germany/France lashes out at Papandreou and establish mid-December deadline
Germany and France told Greece on Wednesday it should make up its mind by mid-December whether it wants to stay in the Euro zone when Greeks vote on a 130-billion-Euro bailout.
“End of subsidies with no utility rates modifications” announces Argentina
Economy Minister Amado Boudou and Planning Minister Julio de Vido announced Wednesday in a press briefing, a full lift on subsidies; a decision which will reach various public sectors, including electricity gas and water companies. The changes imply annual fiscal savings of 600 million pesos (140 million dollars).
Federal Reserve in upbeat tone votes to maintain bond buying program
The US Federal Reserve announced Wednesday after a two-day meeting to keep interest rates on hold and maintain its bond buying programs. The decision was entirely as expected by markets and economists.
Change of attitude? CFK tells street protestors to respect fellow citizens
President Cristina Fernández de Kirchner, CFK, blasted on Tuesday union protesters who set a roadblock in the Ricchieri highway, one of the main routes of access to the Argentine capital Buenos Aires.
Canada freezes contributions to UNESCO, following vote on Palestine
Canada will not contribute more to UNESCO to make up for a shortfall after the US cut its funding over the Palestinians joining the UN cultural body, Foreign Minister John Baird said Tuesday.
Brazil heading for another record trade surplus close to 30 billion dollars
Brazil posted a trade surplus of 2.355 billion dollars in October, beating forecasts for a third straight month, outpacing imports in the final days of the month following a recovery in global commodities prices.
Brazilian industrial production contracts the most in five months
Brazilian industrial production fell more than expected in September, posting its steepest decline in five months and bolstering the central bank’s argument for more interest-rate cuts in Latin America’s largest economy.
Colombia dissolves domestic intelligence service embroiled in scandal
Colombia's president dissolved the country's domestic intelligence service, an agency that had become embroiled in scandal during the term of his predecessor.
