Stories for July 30th 2012
Brazil’s development bank will disburse loans at a faster pace to prop economy
The national bank for economic and social development, BNDES, Brazil's largest source of long-term credit for companies, is ready to disburse loans at a faster pace in the years ahead to prop the economy, the bank's top executive said on Monday.
HSBC puts aside 2 billion dollars to cover possible money-laundering fines
HSBC has put aside 2 billion dollars to cover potential mis-selling claims and money-laundering fines as it announces a sharp rise in first-half profits.
As world food-prices soar World Bank says it is ready to help countries
The World Bank on Monday said it stood ready to help governments respond to a broad-based run-up in grain prices that has again put the world’s poorest people at risk and could have lingering detrimental impacts for years.
Cristina Fernandez “wonder boy” saves in dollars and has property in Uruguay
Argentina’s Cristina Fernandez “wonder boy” seems to be missing on his homework. According to the Argentine media Economy Deputy Minister Axel Kicillof not only has his savings in US dollars but owns real estate in Uruguay, which Argentina considers an overseas fiscal paradise.
Argentina again manages to delay the dredging of a shared canal with Uruguay
Uruguayan president Jose Mujica said on Monday it “is not useful” for foreign ministries to publicly exchange letters following Argentina’s latest message accusing Uruguay of not collaborating in exposing claims of alleged bribes involving the works planned for the widening and deep-dredging of the River Plate access canal Martin Garcia.
Argentina plans to explore for oil and gas next to the Falklands
As part of its “Malvinas noose tightening” policy the Argentine government is planning an international tender to offer licenses to explore for oil near the Falkland Islands, reports Buenos Aires main daily Clarin in its Monday edition, citing a letter to Congress by Cabinet chief Juan Manuel Abal Median.
Russian tycoon super-yacht, valued in 300 million dollars visit Gibraltar
Super-yacht “A” recently paid a visit to Gibraltar joining a list of many famous yachts to call at the Rock. She is owned by Andrey Igorevich Melnichenko, a 40 year old Russian businessman and billionaire who was born in Belarus.
Argentina denies plans to intervene the energy sector: “only ensuring investments”
Planning Minister Julio De Vido denied that the Government plans the “intervention” of the energy sector and clarified that “we demand investment and production plans. This is not an intervention, simple more planning.”
PM Rajoy not handling the economic crisis, say 80% of Spaniards
Support for Spanish Prime Minister Mariano Rajoy fell sharply in July after his government announced a new round of deep spending cuts and tax hikes to fight the sovereign debt crisis, an opinion poll showed.
Punta Arenas largest single industry leaves for Louisiana: insufficient gas supply
The world’s largest supplier of methanol, Canadian-based Methanex, will invest 550 million dollars to relocate a methanol production plant from the extreme south of Chile to a 225-acre site in Geismar, Louisiana.
