Stories for August 23rd 2011

Tuesday, August 23rd 2011 - 06:42 UTC
OAS calls for ‘shared responsibility’ from drug-consuming countries

Consumer countries must assume their responsibility in the fight against the drug trade because as long as there is a demand, the illegal business won’t be stopped said the Organization of American States Secretary General Jose Miguel Insulza who also praised his host Peruvian president Ollanta Humala for convening a presidential summit on the issue.
Tuesday, August 23rd 2011 - 06:36 UTC
Gold glitters on fear to an all time high of 1.910 dollars on Tuesday

Spot gold soared to an all-time high above 1,910 dollars on Tuesday, scoring a record top for a fourth consecutive session, as persistent worries about global economic growth burnished bullion's safe-haven appeal.
Tuesday, August 23rd 2011 - 06:33 UTC
After effects of downgrading US credit rating: KO for S&P president

Standard & Poor's (S&P) president Deven Sharma has stepped down just weeks after the agency downgraded the US credit rating. He will be replaced by Douglas Peterson, chief operating officer of Citibank with effect from 12 September, the agency said.
Tuesday, August 23rd 2011 - 06:29 UTC
Brazilian press targets Communications minister with corruption allegations

Another Brazilian minister, and particularly close to President Dilma Rousseff has been targeted by the Sunday edition of a Sao Paulo magazine with national circulation. According to the report Communications minister Paulo Bernardo has been using the private jet of a major public contractor of the Brazilian government.
Tuesday, August 23rd 2011 - 06:23 UTC
Brazil’s main producer of soy beans is the Argentine group El Tejar

Guess who is the main producer of soy beans in Brazil, the country that is the world’s second exporter of oilseed behind the United States?, a Brazilian, no an Argentine group.
Tuesday, August 23rd 2011 - 06:20 UTC
Petrobras expects to lower costs and increase earnings in coming quarters

Operating costs for Brazil's state oil company Petrobras will be lower in the coming quarters Chief Financial Officer Almir Barbassa told financial newspaper Valor Economico in an interview published on Monday.
Tuesday, August 23rd 2011 - 06:15 UTC
Prosecutors ask judge to dismiss sexual assault charges against Struss-Khan

New York prosecutors asked a judge to dismiss sexual assault charges against former IMF chief Dominique Strauss-Kahn, a stunning reversal that could revive the political future of a man many had seen as the next president of France.
Tuesday, August 23rd 2011 - 04:18 UTC
Falklands’ hydrocarbons policy “is primarily a matter for the Islands”

The hydrocarbons policy within Falkland Islands waters is primarily a matter for the Falklands government and the UK is in no negotiations with Argentina over the future exploitation of any oil deposits found in the Islands waters, said Lord Howell of Guildford, Minister of State, Foreign and Commonwealth Office during question time in the House earlier this month.
Tuesday, August 23rd 2011 - 04:12 UTC
Argentina says the pulp mill conflict with Uruguay is over and ‘buried’

Diplomatic relations between Argentina and Uruguay are going through “a very good moment, which can obviously be improved”, but there are “no open conflicts” because the dispute over the Botnia pulp mill has been definitively “buried”, said Argentine Foreign Affairs minister Hector Timerman.
Tuesday, August 23rd 2011 - 04:04 UTC
Brazil auctions first concession to construct and operate major airport

Brazil's government on Monday auctioned rights to the first major airport to be operated by a private company as the country moves to pick up the pace of investment in its air travel infrastructure ahead of the 2014 World Soccer Cup.