Stories for July 2010

Saturday, July 10th 2010 - 07:18 UTC
Argentine agro-exports help boost international reserves to over 50 billion USD

Argentina’s international reserves once again exceeded the 50 billion US dollars mark, boosted by an intervention to the Central Bank by the market in a record purchase of 262 million USD.
Saturday, July 10th 2010 - 07:13 UTC
School comic strips to depict the turbulent IMF/Argentina relation

Argentina high school students are enjoying four comic strips, part of the official program, which satirizes the turbulent relation of the country with the IMF, presenting one of the works under the attractive name of “An intruder in the family”.
Saturday, July 10th 2010 - 07:05 UTC
Raul Castro blasts provincial leaders and praises press for exposing them

Cuban president Raul Castro criticized the attitudes of national and provincial leaders who he said “lacked the moral courage to admit their shortcomings”. The remarks follow on an article from the official newspaper Granma referred to the still non concluded rehabilitation of Santiago de Cuba’s aqueduct, which Raul Castro said reveals “the lack of planning to carry out effective work that is every Cuban’s duty to the community and the revolution”.
Saturday, July 10th 2010 - 06:58 UTC
First woman Communist takes office as Mayor of Montevideo

Montevideo’s first woman and Communist elected mayor, Ana Olivera took office on Friday promising to streamline the overweight administration of Uruguay’s capital and in six months, a spic-and-span city.
Friday, July 9th 2010 - 07:07 UTC
Argentina: Toothfish TAC set

Argentine Federal Fisheries Council (CFP) established the total allowable catch (TAC) for toothfish (Dissostichus eleginoides) of 3,250 tonnes for the current year.
Friday, July 9th 2010 - 05:34 UTC
Euro zone rates unchanged; all eyes set on 23 July EU banks’ stress-tests

The European Central Bank left its key interest rate on hold for the fourteenth consecutive month in July as the region's banks face stress tests to ensure the stability of the financial system that is threatened by investor fears about debt.
Friday, July 9th 2010 - 05:29 UTC
UK leaves rates at a record low for the 16th month running

The Bank of England has kept UK interest rates on hold at a record low of 0.5% for the 16th consecutive month. The Bank's Monetary Policy Committee (MPC) also decided on Thursday not to inject any more money into the economy under its policy of quantitative easing (QE).
Friday, July 9th 2010 - 05:10 UTC
Kirchner couple fortune climbs 20.6% in one year totalling 14.5 million USD

The fortune of Argentine presidential couple, President Cristina Kirchner and her immediate predecessor and husband, Nestor Kirchner jumped 20.6% in 2009 totalling the equivalent of 14.5 million US dollars, and soared 700% since they first took office in 2003, according to their latest income statements delivered to the country’s Anti Corruption Office.
Friday, July 9th 2010 - 04:45 UTC
China confirms it will stick to moderately loose monetary policy

China’s central bank said on Thursday it will stick to a moderately loose monetary policy as economic growth becomes better balanced between consumption, investment and exports.
Friday, July 9th 2010 - 04:38 UTC
Radical wing of Brazil’s ruling party exposes weakness of presidential candidate

Brazilian opposition presidential candidate Jose Serra strongly questioned the ‘radical’ positions of hopeful Dilma Rousseff, from the ruling Workers Party, who after publishing and signing her government program in internet was forced, just a few hours later, to make important rectifications.