MercoPress. South Atlantic News Agency
Stories for July 15th 2011
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Friday, July 15th 2011 - 06:04 UTC
China forecasted to become Latin America’s second trade partner by 2015
China will become Latin America's second largest trade partner as early as in 2015, the UN Economic Commission for Latin America and the Caribbean (ECLAC) said this week.
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Friday, July 15th 2011 - 06:01 UTC
“Home, sweet home”, ever so distant (and expensive) for Chinese citizens
China on Thursday pledged to extend limits on new home purchases to smaller cities as authorities step up efforts to cool the country's red-hot real estate market. The State Council, or cabinet, said it would tighten existing property restrictions in cities that have seen excessive price rises to push them “back to reasonable levels”.
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Friday, July 15th 2011 - 05:54 UTC
Italian parliament does its homework and approves sweeping austerity budget
Italy's upper house of parliament has agreed to a sweeping austerity budget in a move intended to allay concerns over a possible bailout. Meanwhile, Greece must come to terms with another ratings downgrade.
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Friday, July 15th 2011 - 05:49 UTC
Attempt to create South Atlantic whale sanctuary rejected in IWC meeting
International Whaling Commission's (IWC) annual meeting closed after a tense final day when relations between opposing blocs came close to collapse. Latin American nations attempted to force a vote on a proposal to create a whale sanctuary in the South Atlantic.
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Friday, July 15th 2011 - 02:08 UTC
S&P warns of a “one in two” chance of downgrading US debt rating
Standard & Poor's has become the latest ratings agency to issue a warning of a possible downgrade to the US's debt rating. It said there was a “one-in-two” chance that it may cut the US's AAA rating if a deal to raise the government's debt ceiling is not agreed upon soon
