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Stories for July 19th 2011

• Tuesday, July 19th 2011 - 01:15 UTC

  Brazil tightens consumer credit backed by wages and pensions

  

  Brazil's central bank on Monday tightened rules on credit card loans backed by wages and pensions which households are increasingly using as a source of long-term borrowing.

• Tuesday, July 19th 2011 - 01:09 UTC

  Chilean president Piñera reshuffles cabinet to overcome plummeting approval figures

  

  Chilean President Sebastian Piñera performed a major shake up on his cabinet Monday, reshuffling several key ministers amid plummeting approval figures. Piñera approval rating recently fell to a low at 31% in part to due ongoing protests as students seek broad reforms to the nation's education system.