Stories for January 2nd 2013

Wednesday, January 2nd 2013 - 23:53 UTC

Money timidly returning to Spain after 14 months of sustained outflows

Some good news for President Rajoy

Foreign investors put more money into Spain in October than they took out, marking the second month running the country has benefited from an influx of capital. Spain registered capital inflow of 12.1 billion Euros in October, the Bank of Spain said on Friday. The figure, which excludes central bank operations, was lower than the 31 billion Euros of inflow in September.

Wednesday, January 2nd 2013 - 23:47 UTC

Mercosur closely following Venezuela situation; Cristina Fernandez paid secret visit to Chavez in Cuba

Bocaranda the best and most respected political reporter in Venezuela assures that the Argentine leader was in Havana in December

Mercosur leading members Brazil and Argentina are closely following the Venezuelan situation confident there are no reasons for surprises or fears about the democratic system, while the most respected political reporter of the country Nelson Bocaranda assures that President Cristina Fernandez, CFK, paid a secret visit to Havana in December where she talked with Hugo Chavez about his true health condition.

Wednesday, January 2nd 2013 - 23:39 UTC

Markets rally on fiscal cliff agreement but a second chapter waits in February

President Obama managed some of his goals: higher taxes on the rich

Global stock markets have rallied after a short-term deal to stave off the US “fiscal cliff” was reached. In New York, the Dow Jones closed up 2.4%, while European shares were up about 2% for the day.

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