Stories for August 3rd 2012
Brazilians trust in future of their country, their jobs and President Rousseff
President Dilma Rousseff continues to enjoy high popularity as Brazilian consumers sound very optimistic about the future of their country and trust they can hold on to their jobs despite the recent economic slowdown.
Uruguay’s July inflation record low on government successful electricity saving campaign
Uruguay’s annual consumer-price inflation dropped in July to 0.27% the lowest in 58 years, accumulating 7.48% in the last twelve months (down from 8% in June), and 4.41% in the first seven months of 2012.
CFK defends Argentina’s economic model and capacity to honour debts
While addressing the nation from the Buenos Aires stock exchange floor, Argentine President Cristina Fernández strongly defended the policy of drastically cutting debts, which guarantees “greater independence”, and of stimulating the economy because only with resources can debts be paid, “the dead don’t pay debts”.
Falkland Islands debates and prepares for the development of the oil industry
A public debate on the future of the Falkland Islands in the face of income from oil exploitation is required rapidly, according to a Member of the elected Legislative Assembly.
Chavez claims Paraguayan senators tried to blackmail him to vote for Venezuela in Mercosur
President Hugo Chavez said that the incorporation of Venezuela to Mercosur was “exemplary” because it never yielded to “blackmail” from the Paraguayan extreme right and revealed that he met with Paraguayan Senator Lino Oviedo, considered the mastermind behind those attempts.
Cristina Fernandez support eroding but no rivals on sight to challenge her
The positive image of Argentine president Cristina Fernandez has dropped 25 points and now stands at 40% after having reached 65% when her re-election last October according to an opinion poll from consultants Management & Fit.
IMF calls for “policy game changer” in the Euro zone to arrest spread of debt crisis
The IMF called on Thursday for a “policy game changer” in the Euro zone to arrest the spread of the debt crisis it now says is clearly engulfing the entire currency bloc and its smaller neighbours.
ECB disappoints but keeps markets’ expectations of bold actions alive
Asian shares and the Euro eased on Friday as the European Central Bank, as happened with the Federal Reserve on Wednesday, disappointed markets looking for an imminent move to deal with the Euro zone debt crisis.
Bank of England waiting for the latest stimuli measures to filer into the economy
The Bank of England has kept interest rates on hold for August, and also held off from any more stimulus measures, as had been expected. Its rate-setting Monetary Policy Committee (MPC) has voted to maintain rates at the historic low of 0.5%.
Peruvian police seize 2.3m counterfeit US dollar notes; so far this year 17m
Police in Peru have seized 2.3m dollars in counterfeit notes. Prosecution said the notorious Quispe Rodriguez family clan is behind the production of fake currency. Peruvian police chief, Raul Salazar, said the gang was planning to smuggle the counterfeit 50 dollar bills into the United States, hidden inside Peruvian souvenirs.
