Stories for September 8th 2012
Brazilians take to the streets on Independence Day to protest against corruption
Thousands took to the streets of the Brazilian capital to march against corruption on the country’s Independence Day, along the same avenue where the main military parade took place on Friday.
Banking group Lloyds selling Uruguay’s operations to Swiss Banque Heritage
Banking group Lloyds announced on Friday its intention to sell its operations in Uruguay to Banque Heritage (Uruguay) SA in an effort to scale back its international presence.
Australian company estimates 69.4 million tons of 26.5% iron-ore in north Uruguay
Australia’s Gladiator Resources has announced a Joint Ore Reserves Committee, JORC, Indicated and Inferred Resource of 69.4 million tons at 26.5% iron at its Zapucay Project in the department of Rivera, northern Uruguay.
Net capital outflows from Spain equalled more than 50% of country’s output
Bank of Spain figures show that net capital outflows—including bank withdrawals and sell-offs of Spanish stocks and bonds—equaled more than 50% of the country’s economic output over the year ended July 31.
Indian national named World Bank chief economist senior Vice-president
World Bank Group President Jim Yong Kim announced the appointment of Indian national Kaushik Basu as the institution’s new Chief Economist and Senior Vice President.
Spain announces plant to regulate fishing and bunkering in Gibraltar waters
Spain’s Foreign Minister issued a clear threat to Gibraltar in the latest salvo of words in the fishing dispute. Jose Manuel García-Margallo said Gibraltar’s stance in the row would lead to repercussions in other areas affecting the Rock.
Merkel supports ECB debt-plan despite strong protests and threats in Germany
Chancellor Angela Merkel defended the European Central Bank on Friday after its plan to buy the debt of troubled Euro zone states stirred outrage in Germany and threats from some in her own party to try and block the scheme.
Europe threatens to take Russia to the WTO over restrictive practices
Europe's trade chief threatened to take Russia to the World Trade Organization over a string of restrictive practices, saying Moscow needed to play by the rules now it was a member of the global body.
The day after the Charlotte convention, back to reality with the jobs’ market stats
US President Barack Obama said on Friday the labour market is not hiring workers fast enough, following the release of a government report that showed weaker-than-expected employment figures.
Red tape, bureaucracy and ideology limiting foreign investment in Cuba
Cuba's failure to encourage more foreign investment is crippling its economic performance and putting its goal of sustainable growth in danger unless changes are made, local experts and diplomats said this week.
