Stories for December 9th 2011
November inflation in Brazil up 0.52% and 6.64% in last twelve months
Brazilian consumer prices rose faster than expected in November. Inflation as measured by the benchmark IPCA index, quickened to 0.52% last month from 0.43% in October.
Euro rescue deal limited to 17-EU countries and with a March deadline
Attempts to rescue the Euro will focus on a deal among the 17 nations that use the single currency, French President Nicolas Sarkozy said early Friday.
UN expert calls on Argentina to improve living conditions of indigenous groups
A United Nations expert urged Argentina to strengthen its measures to protect the human rights of indigenous groups as well as their rights to land ownership and education, adding that a mechanism to establish dialogue between them and the Government is urgently needed.
European Central bank cuts rate to record low 1% to fight recession and deflation
The European Central Bank cut interest rates by a quarter of a point Thursday to counter the twin threats of recession and deflation in the Euro zone, and is expected to unveil fresh measures to help banks hurt by the bloc's debt crisis.
European banks must increase capitalization to 114.7bn Euros by next June
Europe's banks must increase their capital by 114.7 billion Euros, more than predicted two months ago, to make them strong enough to withstand the Euro zone debt crisis and restore investor confidence, Europe's banking watchdog said.
Two major Brazilian corporations exchange assets in Argentina and Uruguay
Brasil Foods SA, the world’s largest poultry exporter, said it signed an asset-swap accord with Marfrig Alimentos SA after being ordered to shed some units as part of a regulatory approval for a 3.8 billion dollars takeover.
Mujica changes his mind and will be present for CFK taking office ceremony
Uruguayan President José Mujica changed his mind and will attend Argentine President Cristina Fernández inauguration ceremony next Saturday, official sources confirmed.
Brazilean minister, very close to President Rousseff on the corruption limelight
Brazil's Trade and Industry minister faced pressure Thursday to explain his personal wealth, becoming the latest and one of the most high-profile members of President Dilma Rousseff's cabinet to be targeted by the media over alleged ethics breaches.
Argentine fish exports stable at 365.372 tons during first ten months of 2011
Argentina exported 365.372 tons of fish and shellfish valued at 1.16 billion dollars in the first ten months of 2011, according to statistics from the National Health Service and Food Quality, Senasa. Hake, shrimp and squid were the three main items in that order.
UK “feeling uneasy” with Argentine diplomatic campaign to recover the Malvinas
Argentine Defence minister Arturo Puricelli rejected the announced UK plan to create a huge marine protection zone in South Georgia saying the British are feeling “uneasy” because of the Argentine diplomatic work displayed to claim the South Atlantic Islands.
