Stories for July 2011

Thursday, July 14th 2011 - 07:17 UTC
Stormy forecast for President Rousseff ten-party ruling coalition

Brazilian president Dilma Rousseff is facing further political unrest in the ruling coalition following the naming of a new Transport Minister, apparently a unilateral decision that was not shared by several allies.
Thursday, July 14th 2011 - 07:13 UTC
Controversy in the US: severely obese children “should be placed in foster care”

The government should have the right to remove severely obese children from their parents' home and place them in foster care, two US health experts argued in a controversial editorial published Wednesday in the Journal of the American Medical Association.
Thursday, July 14th 2011 - 07:11 UTC
Private sector involvement fundamental for Greek bailout, says IMF

The IMF said private sector involvement was fundamental to a Greek bailout and urged Athens to move faster on fiscal and structural reforms to avoid debt default.
Thursday, July 14th 2011 - 07:04 UTC
“CFK grandma! I’m having a grandchild; God takes away but also gives”

Argentine President Cristina Fernández de Kirchner announced Wednesday on her official Twitter social network account that her son, Máximo Kirchner, has confirmed that she will be grandmother as her son's girlfriend is pregnant.
Thursday, July 14th 2011 - 01:39 UTC
Emerging markets help Volkswagen sell 4 million units in first half of 2011

Germany’s Volkswagen has sold 4 million cars worldwide in the first half of 2011. The company hopes momentum from emerging markets will help it achieve its goal of selling 10 million cars annually before 2018.
Wednesday, July 13th 2011 - 21:40 UTC
EC checks into German government aid to car manufacturers

European Commission is to examine aid paid out by the German government to car manufacturers BMW and Volkswagen. The money has been pledged to promote projects in eastern Germany.
Wednesday, July 13th 2011 - 21:30 UTC
South America forecasted to grow 5.1% in 2011, but with serious challenges

Latin America and the Caribbean will maintain the recovery that began in the second half of 2009, following the international economic crisis and are poised to grow 4.7% in 2011 with a strong boost from domestic demand, according to the latest report from the Economic Commission for Latin America and the Caribbean.
Wednesday, July 13th 2011 - 19:13 UTC
In spite of slower growth, Brazil’s consumers and industrial capacity on over time

Economic activity in Brazil expanded 0.17% in May over the previous month, the slowest pace this year, according to the Central Bank’s seasonally adjusted index. As direct reference growth in April was 0.44%. However the May figure is 4.25% over a year ago.
Wednesday, July 13th 2011 - 18:55 UTC
One bite too much for Brazil’s biggest TV dinner and frozen meat maker

Brasil Foods, Brazil’s biggest maker of TV dinners and frozen meat products, won conditional approval of its 3.8 billion US dollars takeover of rival Sadia SA as Brazilian regulators ordered it to stop using a top brand and sell some assets to ensure domestic competition.
Wednesday, July 13th 2011 - 18:49 UTC
Europeans countries borrowing on Germany’s credit rating is over, says Dragui

Europe’s debt crisis has entered a new phase and policy makers must come up with a “clear” response to stop the contagion that threatens the region’s single currency, said the European Central Bank’s incoming President Mario Draghi.