Stories for July 19th 2012
Further ‘parsimonious’ monetary-easing anticipated from Brazilian central bank
Brazil’s central bank reiterated that inflation will continue to slow toward its target, signalling it will further reduce interest rates that have already been cut to a record.
Cristina Fernandez unleashes tax agency against opponents, claims The Economist
Under the heading of “Knock, knock, the government unleashes the tax agency against its opponents” The Economist latest edition claims that President Cristina Fernandez is using the tax revenue office to hound its political enemies.
Odyssey recovers 48 tons of silver from WW2 British ship torpedoed off Ireland
Odyssey Marine Exploration Inc, a salvage specialist famous for finding the 500 million dollars Black Swan shipwreck off Portugal in 2007, said it had recovered 48 tons of silver from a British merchant ship that was torpedoed off the coast of Ireland 70 years ago.
Argentines main concern insecurity, but also greater satisfaction with democracy
The main concern of Argentines is insecurity, followed at a distance by poverty according to a public opinion poll released this week in Buenos Aires, which also revealed that one out of three interviewed had been victims of some kind of criminal activity.
Argentina’s top agro-show opens with strong criticism of government farm policies
The head of the Argentine Rural Society (SRA) Hugo Biolcati blasted the national and provincial governments economic policies towards the agricultural sector during his opening remarks at the inauguration of the 126 annual edition of the entity’s exhibition held at La Rural pavilion in Palermo, Buenos Aires City.
China property prices rise slightly in June as Beijing tries to boost growth
Property prices in 70 Chinese cities rose slightly in June, compared to May, after eight months of decline. Home prices rose 0.3% in Beijing and 0.2% in Shanghai compared to the previous month, official data showed.
Spanish banks have 155.8bn Euros in ‘doubtful loans’, the highest since 1994
Spain's banks had 155.84bn Euros of loans on their books in May that are at risk of not being repaid, the highest since 1994.
EU, US and Japan battle with China at WTO over rare earth minerals
European Union, the United States and Japan on Wednesday requested a dispute settlement panel at the World Trade Organization (WTO) after failing to resolve a battle over China's export restrictions on rare earth minerals.
US meats’ farming massive use of antibiotics creating more resistant bacteria
The factory farming of cows, pigs, poultry and fish sucks up 29 million pounds—80%—of antibiotics sold in the United States. Many illness-causing bacteria are now resistant to most or all of the antibiotics that once killed them.
US worst drought since 1956 sends soybeans and corn skyrocketing
The commodities soy and corn’s prizes sky rocked on Thursday thanks to the severe drought that has been punishing the United States heartland. Soy and corn were being sold at record high of 638.89 dollars/ton and 320.26 dollars/ton respectively.
