Stories for July 2011

Thursday, July 28th 2011 - 11:04 UTC
Peruvian president counts with the support of 68 out of 130 benches in Congress

A working alliance of 68 members in the one-chamber Congress of 130 benches will be supporting the government of Peruvian president-elect Ollanta Humala who is to be sworn in on Thursday 28 July.
Thursday, July 28th 2011 - 11:00 UTC
All South American presidents, except Chavez and Lugo, present in Lima

All South American presidents with the exception of Venezuela’s Hugo Chavez under chemotherapy treatment, and Paraguay’s Fernando Lugo, who cancelled at last moment following medical instructions, will be present at Thursday swearing in ceremony of Peruvian president-elect Ollanta Humala.
Thursday, July 28th 2011 - 08:58 UTC
Gibraltar ‘invaded’ by 7.000 cruise passengers; 330.000 expected this season

Gibraltar’s Main Street was a hive of activity on Tuesday as two cruise ships carrying over 7,000 passengers arrived in the Rock. The “Independence of the Seas” and the “Grand Princess” both arrived early in the morning carrying 4,200 passengers and 2,900 passengers respectively, reports the Gibraltar Chronicle.
Thursday, July 28th 2011 - 06:27 UTC
China, Japan, UK, oil countries and Brazil, top holders of US Treasury bonds

While US politicians remain divided on how to raise the government's ability to borrow, with a key deadline less than a week away, how is the current 14.29 trillion dollars in federal debt split, according to stats from the Treasury Department?
Thursday, July 28th 2011 - 06:22 UTC
The US government debt ceiling: what did Eisenhower do back in 1953?

Should the US follow the example of President Dwight Eisenhower back in 1953, asks Alex J Pollok, resident fellow at the American Enterprise Institute and Anne Canfield president of Canfield & Associates, Washington, D.C. in an article published in The American Journal of the AEI.
Thursday, July 28th 2011 - 06:19 UTC
Lower House to vote on (doomed) Republican proposal to raise US debt ceiling

US House of Representatives speaker John Boehner is urging Republicans to back his plan to cut the US budget and raise the debt limit. Boehner's appeal to conservative House Republicans came despite a White House veto threat and rejection from Democratic leaders in the Senate.
Thursday, July 28th 2011 - 06:15 UTC
UK to cooperate with Bolivia in the fight against drug trafficking

The British government has announced a new co-operation deal with Bolivia in the fight against drug trafficking. During a two-day visit to Bolivia, Britain's Minister for Latin America, Jeremy Browne, said the Serious Organised Crime Agency in London will join forces with the counter-narcotics police in La Paz.
Thursday, July 28th 2011 - 00:46 UTC
Spain has a “fluid dialogue” with UK on Gibraltar, says Rodriguez Zapatero

President Jose Luis Rodriguez Zapatero said Wednesday in London Spain has a “fluid dialogue” with Britain in relation to the future of Gibraltar and anticipated fresh contacts “to maintain the spirit of constructive dialogue that we want”.
Thursday, July 28th 2011 - 00:34 UTC
Latam’s 2010 foreign direct investment reached 159bn dollars, mostly from Asia

Foreign direct investment (FDI) flows to Latin America and the Caribbean increased by 13% in 2010 to reach 159 billion dollars indicated UNCTAD (United Nations Conference on Trade and Development) annual investment survey that was released Wednesday.
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.