Stories for April 2011

Thursday, April 28th 2011 - 01:50 UTC
Fed in no rush to scale down liquidity support; inflation trends ‘subdued’

The Federal Reserve said on Wednesday it will maintain the current rates and is in no rush to scale back its extensive support for the US economy while estimating that the increase in commodity prices (and inflation) is transitory.
Thursday, April 28th 2011 - 01:46 UTC
Deep sea remote vehicle finds ‘black box chassis” among Air France wreckage

Deep-sea searchers picking through wreckage of an Air France plane that crashed off Brazil in 2009 have found a part that held one of the flight's data recorders, but without the memory unit that could provide crucial clues to the crash.
Thursday, April 28th 2011 - 01:39 UTC
Japan credit rating threatened by weak government and lack of political agreement

Risk rating agency Standard and Poor's threatened to cut Japan's sovereign credit rating again, warning the huge cost of last month's devastating earthquake will hurt already weak public finances unless bickering politicians can agree to raise taxes.
Thursday, April 28th 2011 - 01:37 UTC
White House releases Obama’s birth certificate to put end “to ongoing silliness”

The White House released copies of President Barack Obama's original long-form birth certificate Wednesday, seeking to put an end to persistent rumors that he was not born in the United States.
Wednesday, April 27th 2011 - 15:27 UTC
Helped by import restrictions, Argentina’s March trade surplus soars 141%

Argentina's March trade surplus more than doubled (up 141%) from the same month last year to 667 million US dollars according to official data, helped by the government’s import curbs and stronger grains exports. Trade surplus in March 2010 was 276 million USD.
Wednesday, April 27th 2011 - 15:20 UTC
Peugeot-Citroen marks two production milestones in Argentina and Brazil

France’s PSA Peugeot Citroen recently marked two production milestones in Latin America. Production of the one-millionth vehicle at the Palomar plant in Argentina coincided with production of the one-millionth engine at the company’s Porto Real plant in the State of Rio de Janeiro, Brazil.
Wednesday, April 27th 2011 - 15:14 UTC
Mercosur supports tourism industry with improved data and investment promotion

Mercosur country members with support from the Inter-American Development Bank (IDB) and the World Tourism Organization will cooperate in the promotion of tourism focusing on improved and harmonized statistics, strengthening governance and promoting investment in the industry in the region.
Wednesday, April 27th 2011 - 11:11 UTC
Brazil’s strong currency fuels current account deficit in March

Brazil's current account deficit ballooned to a record for the month of March as foreign companies in Brazil sent more profits home and Brazilians spent more on travel and goods overseas.
Wednesday, April 27th 2011 - 08:54 UTC
Brazil’s five largest airports will be managed under concession by private sector

Brazil is planning to hand over the country's five largest airports to the private sector through concession agreements, in an effort to accelerate upgrades ahead of two major international events, Brazilian presidential Chief of Staff Antonio Palocci said Tuesday.
Wednesday, April 27th 2011 - 08:34 UTC
Brazilian government trying to calm inflation fears; warns of ‘prolonged effort’

Brazil’s central bank President Alexandre Tombini admitted that slowing inflation back to target next year will require a “prolonged” and incisive effort.