Stories for July 27th 2011

Wednesday, July 27th 2011 - 19:28 UTC
Brazil intervenes the derivatives markets in a bid to weaken the Real

Brazil imposed on Wednesday a tax on bets against the US dollar and warned it may boost intervention in the nation’s derivatives market in a bid to weaken a currency that reached a 12-year high this week. The Real declined by the most in almost three months at times loosing up to 2% to the US dollar.
Wednesday, July 27th 2011 - 04:54 UTC
Argentina confident negotiations on Malvinas question ‘will take place’

Britain can’t go on shielding behind its membership of the UN Security Council to avoid dialogue on the Falklands/Malvinas question, but Argentina is confident “negotiations will take place” said Foreign Affairs minister Hector Timerman in Paris following a meeting with his French peer Alain Juppé.
Wednesday, July 27th 2011 - 04:49 UTC
Brazil’s development bank lends 30bn dollars at subsidized rate in five months

Lending by Brazil’s BNDES (National economic and social development bank) totalled 43.5 billion Real (29bn dollars approx) in the first five months of the year, representing a contraction of 6% compared to the same period in 2010, according to a bank’ release.
Wednesday, July 27th 2011 - 04:16 UTC
ECLAC honours Uruguayan economist and banker Enrique Iglesias

The United Nations Economic Commission for Latin America and the Caribbean, ECLAC, held a ceremony in its Santiago de Chile headquarters to honour Enrique Iglesias, the Uruguayan economist who was executive secretary of the commission from 1972 to 1985 and is currently, Secretary-General of the Ibero-American Secretariat.
Wednesday, July 27th 2011 - 04:07 UTC
Lamy calls on WTO members for “an adult conversation” fearing failure of trade talks

The head of the World Trade Organization Pascal Lamy warned Tuesday its 153 members of the consequences on failing to agree a watered-down global trade deal by December and called for “an adult conversation” over what to do next.
Wednesday, July 27th 2011 - 03:59 UTC
“Dilma is completely able of running the country”, says Lula da Silva

Brazilian former president Lula da Silva criticized rich countries for their roll on the current economic crisis that has been changing the world’s economic map and once again came out forcibly in support of President Dima Rousseff.
Wednesday, July 27th 2011 - 03:56 UTC
Brazil a “dysfunctional country” according to the Norwegian mass killer

The Norwegian mass killer Anders Behring Breivik, 32, makes reference to Brazil as a ‘dysfunctional’ county in his document “A European Declaration of Independence- 2083”, which was published in Internet.
Wednesday, July 27th 2011 - 03:48 UTC
Argentine farmers furious with government’s wheat export policy

Argentina liberated 450.000 tons of wheat for export, a decision which is believed to be closely linked to Sunday’s election in the farming province of Santa Fe where the government of President Cristina Fernandez de Kirchner suffered a major defeat.
Wednesday, July 27th 2011 - 03:41 UTC
Global demand for oil will increase in 2012 driven by emerging economies

Global oil demand will increase further next year, the International Energy Agency (IEA) has predicted. The IEA, which represents the main oil consuming nations, said the increase in crude usage would continue to be driven by emerging economies.
Wednesday, July 27th 2011 - 03:36 UTC
Gibraltar and La Línea jointly celebrate and promote neighbourly relations

To promote good neighbourly relations and closer ties between Gibraltar and La Linea, the Spanish town Mayor, Gemma Araujo, hosted a Gibraltar Day at the official municipal pavilion of the La Linea Fair.