Stories for August 5th 2011

Friday, August 5th 2011 - 20:06 UTC
China calls for global cooperation to solve dollar and euro debt problems

China's Foreign Minister called on Friday for more global cooperation to resolve US and Euro area debt problems as stock markets around the world tumbled on fears another financial storm may be developing.
Friday, August 5th 2011 - 19:55 UTC
Lula da Silva comes out in strong support Celso Amorim as defence minister

Brazilian former president Lula da Silva came out in full support of the latest cabinet reshuffle by President Dilma Rousseff who sacked the Minister of Defence Nelson Jobim following some derogatory remarks about the cabinet chief and the head of institutional relations (mainly with Congress).
Friday, August 5th 2011 - 19:17 UTC
Falklands/Malvinas conflict: To honour the dead, not use them

Argentine Veterans of the 1982 conflict want the bodies of the 123 “unknowns” at Darwin cemetery to be identified.
Friday, August 5th 2011 - 18:50 UTC
Argentina blasts US and EU: only way out of crisis is expanding public spending

Argentina's Deputy Economy Minister Roberto Feletti criticized the fiscal austerity measures being implemented in Europe and the US, saying those policies will only hurt the global economy.
Friday, August 5th 2011 - 18:44 UTC
US payroll data comes as a relief, but markets fear recession ‘round the corner’

US job growth accelerated more than expected in July as private employers stepped up hiring, a development that could ease fears the economy was sliding into a fresh recession.
Friday, August 5th 2011 - 18:35 UTC
France opens court investigation into killing of two students in Argentina

A court investigation over the “kidnapping, rape and murders,” of the two French women killed in Salta, northern Argentina was opened Friday in Paris, French court sources informed.
Friday, August 5th 2011 - 08:14 UTC
Unasur Finance ministers meet in Peru to address the glut of US dollars

Unasur Finance ministers struggling to stop economic harm from several years of US dollar decline will seek to agree on a coordinated response when they meet Friday in Lima.
Friday, August 5th 2011 - 08:05 UTC
Developed countries “will try to pass the crisis down on us”, claims CFK

Argentine President Cristina Fernández de Kirchner (CFK) referred to plummeting global markets and blasted developed countries for the potential consequences of the crisis. Economy minister Amado Boudou said Argentina was closely following events with concern.
Friday, August 5th 2011 - 08:01 UTC
Chaos in Chile’s main cities as police clash with protesting students: 550 arrests

More than 550 people were arrested and 31 wounded in cities across Chile Thursday when police fired water cannons and tear gas to disperse student protesters calling for education reforms.
Friday, August 5th 2011 - 07:54 UTC
Celso Amorim Brazil’s new Defence minister; Jobim out on derogatory remarks

Brazilian Defence Minister Nelson Jobim resigned after criticizing recent government names to reporters and will be replaced by ex-foreign minister Celso Amorim, the president's office said Thursday.