Stories for December 23rd 2010

Thursday, December 23rd 2010 - 08:46 UTC
Brazilian central bank inflation warning; rate hike expected in January

Brazil's central bank reiterated Wednesday its clear commitment to raise interest rates soon, as the outlook for inflation has become “far less favorable” than it had previously thought.
Thursday, December 23rd 2010 - 08:39 UTC
Brazilian soy crop estimate up; coffee prices reach a 13-year high

Soybean growers in Brazil, the world’s largest producer after the U.S., may harvest more of the oilseeds next year than the government estimated earlier this month, Agriculture Minister Wagner Rossi said on Wednesday.
Thursday, December 23rd 2010 - 08:17 UTC
China buys power distribution plants which supply Brazil’s main cities

State Grid Corp. of China completed the purchase of seven electricity distribution businesses in Brazil for 989 million US dollars, announced the government this week.
Thursday, December 23rd 2010 - 08:14 UTC
Sweden to close embassy in Argentina because of budget constraints

The Swedish government Wednesday said it would close five embassies next year due to budget constraints, among them offices in Argentina.
Thursday, December 23rd 2010 - 08:09 UTC
Former Argentine dictator Gneral Videla sentenced to life in prison

The strongman of Argentina's 1976-1983 military Junta General Jorge Videla, was sentenced to life in prison on Wednesday for crimes against humanity committed during the so called “dirty war” against left-wing dissidents.
Thursday, December 23rd 2010 - 08:04 UTC
Bolivia formalizes recognition of sovereign Palestine state with pre-1967 borders

Bolivia formally recognized Palestine as an independent and sovereign state within the 1967 borders, Bolivian President Evo Morales announced Wednesday. Reports last week indicated that such a decision was imminent
Thursday, December 23rd 2010 - 08:02 UTC
WikiLeaks founder Assange named “Man of the Year” by France’s Le Monde

WikiLeaks founder Julian Assange has been named “Man of the Year” by France's Le Monde newspaper, one of the five publications to cooperate with the whistleblowing website on its its latest release of leaked documents.
Thursday, December 23rd 2010 - 07:20 UTC
Hillary Clinton will represent Obama at Rousseff’s inauguration January first

Secretary of State Hillary Clinton will head the United States delegation to attend the inauguration of Brazilian president-elect Dilma Rousseff next January first, announced Wednesday the White House.
Thursday, December 23rd 2010 - 02:33 UTC
Uruguayan Major General appointed head of UN mission in India and Pakistan

United Nations Secretary General Ban Ki-moon announced Wednesday the appointment of Major-General Raul Gloodtdofsky Fernandez from Uruguay as head of the United Nations mission in India and Pakistan.