MercoPress. South Atlantic News Agency
Stories for August 11th 2010
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Wednesday, August 11th 2010 - 06:19 UTC
Fed admits modest US recovery and will buy long term government debt
The US Federal Reserve announced Tuesday steps to boost economic recovery and will be using proceeds from its investments in mortgage securities to buy longer-term government debt. The Fed also kept interest rates unchanged at between zero and 0.25%.
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Wednesday, August 11th 2010 - 06:11 UTC
Former Mexican president backs legalization of drugs: prohibition has failed
Former Mexican president Vicente Fox, a key US ally in the war on drugs, has backed the legalization of drugs, saying prohibition has failed to curb Mexico's spiralling violence and corruption.
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Wednesday, August 11th 2010 - 06:07 UTC
Two leading Brazilian banks join to expand operations in Africa
Two leading Brazilian banks have agreed to acquire stakes in BES Africa, a holding company belonging to Portugal’s biggest publicly traded bank that makes investments in Africa.
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Wednesday, August 11th 2010 - 06:04 UTC
Paraguayan president under treatment in Sao Paulo oncology clinic
Paraguayan president Fernando Lugo has undergone oncology tests at a leading hospital in Sao Paulo under the supervision of a team of four Brazilian and one Paraguayan professional headed by President Lula da Silva chief medic, Dr. Roberto Kalil Filho.
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Wednesday, August 11th 2010 - 05:57 UTC
Fidel brushes aside any remote chance of Colombia attacking Venezuela
Former Cuban President Fidel Castro dismissed the possibility of a Colombian attack on Venezuela, and said he felt positive about Colombia's future under the leadership of newly sworn-in President Juan Manuel Santos.
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Wednesday, August 11th 2010 - 05:51 UTC
Uruguay concerned with labour demands and fishing vessel seizures in Montevideo
Alleged labour disputes involving hundreds of thousands of US dollars have left seven Spanish fishing vessels legally stranded in Montevideo, threatening the reputation of Uruguay’s main port to continue as a South Atlantic fisheries hub.
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Wednesday, August 11th 2010 - 05:45 UTC
Santos/Chavez admits differences but restore diplomatic relations
Colombian President Juan Manuel Santos and Venezuela's Hugo Chávez announced the resumption of diplomatic ties following talks to end the latest dispute between the two neighbouring but ideologically opposed countries.
