Stories for September 7th 2012
Brazil will cut energy costs for companies and consumers while pressuring banks to lower lending rates to accelerate growth, said President Dilma Rousseff in a speech on national television to commemorate the country’s independence.
Global food prices remained steady in August, the United Nations food agency said Thursday, but warned that the game is not over as it was only the beginning of the harvest season.
“You only have to fear God, and me a little bit, at least while you are staff that depends from me”, said Argentine President Cristina Fernández publicly voicing her discontent towards some of her cabinet members after a court order interrupted a series of public works in the Buenos Aires province.
Colombian President Juan Manuel Santos rejected a proposal on Thursday by FARC rebels for a bilateral ceasefire during talks next month aimed at bringing an end to half a century of war.
Managing Director Christine Lagarde of the International Monetary Fund (IMF) showed strong support of the European Central Bank's new framework for intervention in the Euro zone debt crisis, deeming Thursday’s action 'an important step toward strengthening stability and growth.'
Asian shares looked set for their biggest daily gain in nearly five weeks on Friday after the European Central Bank outlined its bond-buying scheme to help calm the Euro zone's debt crisis, while firm US data fed speculation of a strong jobs report later in the day.
British luxury car company Jaguar Land Rover has announced plans to build two of its models in China. It will be the first full manufacturing plant for the company outside the UK. Although the plans still have to be given final approval by the Chinese government, Jaguar Land Rover has already found a site for the plant, just north of Shanghai.
The Argentine blockade can’t stop the Falkland Islands and “if Argentina believes that these aggressions are going to change the mind and spirit of the Islanders, they are dead wrong, much on the contrary”, said Falklands’ lawmakers currently visiting Guatemala on a tour of Central America and Mexico.
After UK government cabinet reshuffle which confirmed Foreign Secretary William Hague and Secretary of Defence, Philip Hammond, the Falkland Islands and Latin America become the responsibility of Minister of State Hugo Swire MP until now Minister of State for the Northern Ireland Office. The new ministerial teams and their portfolios are as follows.
Argentina's trade surplus rose to 1.64 billion dollars in August, more than double the surplus in the same month a year ago achieving the twelve months target four months ahead, President Cristina Fernandez announced on Thursday.