Stories for December 20th 2012
The World Bank has raised its growth forecast for China, saying stimulus measures and approval of infrastructure projects will help boost growth. It added that the pick-up in factory output and investment suggested that China's economy was bottoming out.
The Inter-American Development Bank (IDB) has approved a loan for 200 million dollars to Uruguay to help finance the construction of a 530 MW combined-cycle gas power plant to help diversify the country's energy mix in an environmentally sustainable manner.
Intercontinental-Exchange agreed an 8 billion dollars deal to buy New York Stock Exchange owner NYSE Euronext, propelling the commodities player into the big league of European derivatives and helping it to take on arch rival CME Group.
As tension with Spain escalates the British Government made clear that it would take “all necessary and proportionate” measures to maintain the integrity British sovereignty of Gibraltar and its waters. Europe Minister David Lidington set out the position in a letter to the Governor, Sir Adrian Johns, in response to the petition organised by the Defenders of Gibraltar.
Ghana’s Ports and Harbours Authority (GPHA) admits to having lost 7.6 million dollars as a result of the Argentine frigate ARA Libertad's occupation of its prime berth for a period of 76 days, reports Accra’s Graphic Online.
Argentine dissident organized labour concentrated at the emblematic Plaza de Mayo and claimed the government of Cristina Fernandez was applying IMF recipes by halting wage hikes for workers and called on the Lady to address inflation and rampant crime.
More journalists were killed doing their job in 2012 than in any year since monitoring started 17 years ago, with Syria and Somalia seeing a particularly heavy toll followed by Pakistan and Mexico, Reporters Without Borders (RSF) said on Wednesday.
Brazil is pursuing a multimillion-dollar program to revive and modernize its precision strike technologies with the aim of developing rockets and missiles both for domestic military use and exports.
Brazil’s Attorney General said the country’s judiciary will investigate allegations that former President Lula da Silva took part in the cash-for-votes scheme that toppled several of his closest aides.