MercoPress. South Atlantic News Agency
Stories for July 7th 2011
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Thursday, July 7th 2011 - 16:15 UTC
Europe accuses credit rating agencies of having an “oligopolistic” structure
The 'oligopolistic structure' of international credit rating agencies is probably undesirable, the head of the European Central Bank Jean-Claude Trichet said on Thursday.
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Thursday, July 7th 2011 - 09:54 UTC
Trump opens 70-story luxury hotel in Panama, the tallest building in Latin America
Untied States billionaire Donald Trump marked his entry into Latin American real estate Wednesday with the opening in the capital of Panama of his 70-story luxury resort, the tallest building in Latin America.
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Thursday, July 7th 2011 - 07:11 UTC
UK Supreme Court rules against Argentina in defaulted sovereign bonds case
A hedge fund owner of defaulted Argentine debt can try to seize government assets held in Britain as it seeks to recover the full face value of the bonds, Britain's Supreme Court said in a ruling on Wednesday.
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Thursday, July 7th 2011 - 07:04 UTC
Debate on the vulnerabilities that could condition the Brazilian economy mid term
The good performance of the Brazilian economy and its management of the 2008 world financial crisis have been headlines across the world, but there are also some warning signals form analysts regarding the possibility of asset bubbles and their consequences.
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Thursday, July 7th 2011 - 06:58 UTC
Spending spree of local governments reflects in Chinese banks bad debts
Bad debts held by local governments in China are a far bigger problem than first estimated, credit ratings agency Moody’s warned on Wednesday.
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Thursday, July 7th 2011 - 03:13 UTC
European Union clashes with rating agencies over the Euro debt crisis
In what is seen as an escalation of events between European Union policy makers and credit rating agencies, Moody’s said on Wednesday that nearly a third of EU banks undergoing public stress tests may need some outside support.
