Stories for September 7th 2012
Rousseff announces major shake-up of Brazilian costs beginning with lower power rates
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.
FAO says global food prices remained steady in August, but “the game is not over”
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”, Cristina Fernandez scolds ministers
“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.
Santos rejects FARC proposal for cease fire during talks to end the conflict
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.
IMF showed strong support for ECB new framework in support of the Euro
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.'
ECB bond-buying scheme announcement boosts world markets
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.
Land Rover will manufacture the Freelander and Evoque in China
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.
“Argentine blockade can’t stop the Falklands”, said Islands’ lawmakers in Guatemala
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.
Falklands and Latin America affairs responsibility of Minister of State Hugo Swire
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 achieves 12-month trade surplus target in August with 10.04bn dollars
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.
