Stories for August 2008

Friday, August 8th 2008 - 21:00 UTC
Brazilian inflation eases in July helped by lower food prices

The Consumer Prices Index in Brazil slowed down to 0.53% in July from 0.74% the previous month, according to a release from the Brazilian Geography and Statistics Institute, IBGE.
Friday, August 8th 2008 - 21:00 UTC
Petrobras takes over Esso downstream assets in Chile

Brazil's government managed oil and gas corporation Petrobras signed this week the purchase of ExxonMobil's assets in Esso Chile Petrolera and other associated Chilean companies.
Friday, August 8th 2008 - 21:00 UTC
Pacific species to invade colder Arctic: study

Marine animals known to inhabit the Pacific Ocean may flock to the waters of the Arctic as global warming increases water temperatures, a new study claims.
Friday, August 8th 2008 - 21:00 UTC
UK banks perform poorly and anticipate tougher times ahead

Royal Bank of Scotland (RBS) has posted a pre-tax loss of £691m during the first six months of 2008, the second-biggest loss in UK banking history.
Friday, August 8th 2008 - 21:00 UTC
Marsans Aerolineas stands on purchase order of 61 Airbus

Spain's Marsans is forging ahead with its purchase of 61 Airbus planes despite the looming sale of its subsidiary Aerolineas Argentinas, which was due to take around 40 of the aircraft, a spokesman for the travel firm said on Friday according to press reports from Spain.
Friday, August 8th 2008 - 21:00 UTC
Argentine bond spreads at their highest since 2005

Argentina's government bond spreads', which gauge investors' aversion to risk, widened sharply on Friday as confidence in the economic outlook and the political management of the country began to be questioned.
Thursday, August 7th 2008 - 21:00 UTC
Brazil and Paraguay ready for the Itaipu energy price dispute

Paraguay and Brazil are preparing for a long dispute over prices from energy generated in South America's largest dam, shared by the neighboring countries, but which is almost entirely absorbed by the industrial hub of Sao Paulo.
Thursday, August 7th 2008 - 21:00 UTC
Petrobras announces new light oil discovery off Rio

Brazil's government managed oil and gas corporation Petrobras announced on Thursday a new discovery of light oil with an API grade of around 30 in the ultra deep Santos Basin off the Sao Paulo coast.
Thursday, August 7th 2008 - 21:00 UTC
Bolivia's recall vote could confirm political stalemate

Bolivian President Evo Morales is expected to survive a recall vote this Sunday but there are growing concerns about the ongoing political stand off with the conservative opposition which is intent in blocking many of his reforms they define as “socialist”.
Thursday, August 7th 2008 - 21:00 UTC
IMF predicts UK will breach fiscal rules and debt ceiling

The IMF predicted the UK would grow by 1.4% in 2008 and 1.1% in 2009, down from the 1.8% for 2008 and 1.7% for 2009 that it predicted in July.