Stories for August 2011

Wednesday, August 10th 2011 - 17:54 UTC
Venezuelan inflation soars 2.7% in July; accumulates 25.1% in twelve months

Venezuelan July inflation, as measured by the national index INPC, came in on the high side of expectations at 2.7%, up from June.
Wednesday, August 10th 2011 - 17:51 UTC
Tourism second largest contributor to Cuban economy; 2.7 million expected in 2011

Cuban revenue from tourism jumped 13% percent in the first half of the year compared with the same period in 2010, the National Statistics Office, or ONE, reported on its Web site.
Wednesday, August 10th 2011 - 17:43 UTC
PM Cameron authorizes water cannons and baton rounds against rioting

UK Prime Minister David Cameron on Wednesday authorized police to use water cannons after four nights of rioting, looting and arson - saying a “fight back” is under way to restore law and order to Britain's streets.
Wednesday, August 10th 2011 - 17:39 UTC
UK tourism authority pulls down ‘Visit Britain’ ads and videos

“Visit Britain”, the UK's tourism authority, has pulled a video promoting Britain with the tag line “You're Invited” from adverts running alongside BBC iPlayer programs overseas, reports The Guardian.
Wednesday, August 10th 2011 - 07:45 UTC
ECLAC anticipates mild global recession with slower growth impact in Latam

The United Nations Economic Committee for Latin America and the Caribbean, ECLAC warned on Tuesday that markets’ volatility will “persist” particularly because of the default-threat from several European countries.
Wednesday, August 10th 2011 - 07:40 UTC
Latin America stocks bounce back, but fears remain as to the US and EU

Latin American stocks bounced back on Tuesday after suffering their worst day since October 2008, but fears of a US recession and a deeper European debt crisis promise to keep markets edgy.
Wednesday, August 10th 2011 - 07:35 UTC
US, EU and Asian markets rebound strongly on Fed Reserve announcement

Asian markets rebounded after the US Federal Reserve said it will keep interest rates on hold and Wall Street had its best day in two years. The decision by the US central bank to keep rates at current levels until at least 2013 helped stem one of the biggest sell-offs in recent years.
Wednesday, August 10th 2011 - 07:30 UTC
China’s surplus highest in two years, but export growth rate expected to slow

China’s trade surplus surged to 31.5 billion dollars in July, the highest level in more than two years, as exports rose to a record. Exports climbed 20.4% from a year earlier while imports surged 22.9%, the Customs bureau said on its website Wednesday.
Wednesday, August 10th 2011 - 07:21 UTC
Japan’s March tsunami crossed the Pacific and fractured Antarctic ice

The tsunami caused by the 11 March Tohoku earthquake in Japan crossed the Pacific and broke off large chunks of ice from Antarctica, a study has shown.
Wednesday, August 10th 2011 - 07:20 UTC
UN reaffirms the rights of the World’s 370 million Indigenous Peoples

On the Day of the World’s Indigenous Peoples, Secretary General Ban Ki-moon said the United Nations reaffirms the rights of indigenous peoples and the shared commitment to advance the values of equity, justice and dignity for all.