Stories for July 13th 2011

Wednesday, July 13th 2011 - 16:12 UTC
UK political system targets News Corporation: end of Murdoch’s empire?

Rupert Murdoch's News Corporation has announced that it is dropping its planned bid to take full ownership of satellite broadcaster BSkyB. The announcement came as the House of Commons prepared to vote for a motion supported by all major party leaders calling on Mr Murdoch to do so.
Wednesday, July 13th 2011 - 10:24 UTC
Brazil confident it can control inflation in second half and moderate capital inflow

The Brazilian central bank is comfortable with its inflation forecast for 2011 despite a stronger-than-expected June reading, which spurred speculation that even higher interest rates will be necessary to keep prices in check.
Wednesday, July 13th 2011 - 10:16 UTC
US loosing Colombian market share to Mercosur claim farmers

United States industry and agriculture lobbies are again advocating forcefully before Congress on the pending free trade agreement with Colombia claiming the delay is costing market share to a more aggressive Mercosur.
Wednesday, July 13th 2011 - 03:07 UTC
Argentine June “Congress inflation index” jumped 1.5%

Argentine opposition lawmakers announced on Tuesday that the so called “Congress inflation index” measured by eight consulting agencies increased 1.5% in June. The index is a repeat of May’s 1.5%, and 23.5% in the last twelve months.
Wednesday, July 13th 2011 - 01:42 UTC
YPF joins the “oil rush” in Colombia, South America’s third producer

YPF SA, Argentina's largest oil company, agreed to explore for oil with Canada’s Alange Energy Corp. in Colombia that is attracting investors as it become South America’s third largest producer of oil behind Venezuela and Brazil.
Wednesday, July 13th 2011 - 01:38 UTC
Argentina’s industrial activity increased 9.6% in May says Industrial Union

Argentina’s industrial activity increased 9.6% in May, in comparison to the volume registered in the same month of 2010, the Argentine Industrial Union reported on Tuesday. With this result, the industrial activity accumulated a 9.2% increase in the first five months of 2011.
Wednesday, July 13th 2011 - 00:44 UTC
Sao Paulo and Rio do Janeiro among the 12 most expensive cities in the world

Brazil’s two biggest cities are getting more and more costly and are more expensive places to live in than New York, according to the annual cost of living study released Tuesday by business consulting firm Mercer.
Wednesday, July 13th 2011 - 00:35 UTC
While Obama in office, “real solution” to debt ceiling “unlikely” say Republicans

US President Barack Obama raised the stakes in the third straight day of budget talks Tuesday, warning that senior citizens and veterans may suffer first if the debt ceiling is not raised by Aug. 2.
Wednesday, July 13th 2011 - 00:29 UTC
The year of the seven-billionth baby, up two billion since July 1987

The United Nations marked on Monday July 11, World Population Day, with Secretary-General Ban Ki-moon stressing that ending global poverty and inequality was the key to unleashing the great human potential for prosperity and peaceful coexistence.