Stories for July 2011

Thursday, July 7th 2011 - 17:26 UTC
Falklands’ capital Stanley expands: 34 new housing plots for residents

The Falkland Islands Government has announced support for a new phase of work, which should help to alleviate the housing shortage in Stanley. Lack of home ownership, especially for those on lower incomes has been a problem in the capital for many years.
Thursday, July 7th 2011 - 17:00 UTC
Uruguay praised by WHO as pioneer in combating the global tobacco epidemic

The World Health Organization, WHO praised Uruguay and Canada as pioneers on legislation demanding large graphic health warnings on package of tobacco, on the release of its third periodic report on the global tobacco epidemic.
Thursday, July 7th 2011 - 16:37 UTC
Falklands Rockhopper contracts further drilling of four wells

Rockhopper Exploration plc announced on Thursday a further drilling of four wells offshore the Falkland Islands. The first of them, 14/10-6, will be the third appraisal well on the Sea Lion feature where the discovery of oil at commercial rate has been confirmed.
Thursday, July 7th 2011 - 16:28 UTC
Trichet to the rescue accepts Portuguese debt as collateral “come what may”

Hard-pressed Portugal received strong support from the European Central Bank on Thursday after the bank pledged to keep providing it with liquidity in spite of ratings agency Moody's downgrading its debt to ‘junk’ earlier this week.
Thursday, July 7th 2011 - 16:24 UTC
“Sweet” sugar hikes FAO Food Price Index in June to 39% above a year ago

United Nations Food and Agriculture Organization, FAO, Food Price Index rose one percent to 234 points in June 2011 – 39% higher than in June 2010 but four percent below its all-time high of 238 points in February of this year.
Thursday, July 7th 2011 - 16:20 UTC
Euro-zone decides to contain inflation and hikes interest rates to 1.5%

The European Central Bank (ECB) decided on Thursday to raise interest rates to 1.5% from 1.25% in an attempt to cool inflation in the 17-nation Euro zone. ECB president Jean-Claude Trichet said that inflation, now 2.7%, was likely to remain “clearly” above the ECB 2% target over the coming months.
Thursday, July 7th 2011 - 16:15 UTC
Europe accuses credit rating agencies of having an “oligopolistic” structure

The 'oligopolistic structure' of international credit rating agencies is probably undesirable, the head of the European Central Bank Jean-Claude Trichet said on Thursday.
Thursday, July 7th 2011 - 09:54 UTC
Trump opens 70-story luxury hotel in Panama, the tallest building in Latin America

Untied States billionaire Donald Trump marked his entry into Latin American real estate Wednesday with the opening in the capital of Panama of his 70-story luxury resort, the tallest building in Latin America.
Thursday, July 7th 2011 - 07:11 UTC
UK Supreme Court rules against Argentina in defaulted sovereign bonds case

A hedge fund owner of defaulted Argentine debt can try to seize government assets held in Britain as it seeks to recover the full face value of the bonds, Britain's Supreme Court said in a ruling on Wednesday.
Thursday, July 7th 2011 - 07:04 UTC
Debate on the vulnerabilities that could condition the Brazilian economy mid term

The good performance of the Brazilian economy and its management of the 2008 world financial crisis have been headlines across the world, but there are also some warning signals form analysts regarding the possibility of asset bubbles and their consequences.