Stories for August 2011

Wednesday, August 24th 2011 - 07:02 UTC
Mantega admits global crisis in having an impact: lowers Brazil growth to 4%

Brazilian Finance minister Guido Mantega admitted before the Senate that the global financial crisis is already having an impact in the local economy and this will be reflected in a lower GDP for the twelve months.
Wednesday, August 24th 2011 - 07:00 UTC
Record DFI in Brazil narrows significantly current account deficit

Brazil's 12-month current account deficit narrowed in July on rising revenue from exports and strong foreign direct investment. The 12-month deficit declined to 47.9 billion dollars or 2.1%, of GDP, from 49 billion, or 2.2% of GDP in June, the central bank said Tuesday.
Wednesday, August 24th 2011 - 06:55 UTC
Government spending and jobs boost President Cristina Fernandez re-election

With Argentina’s presidential election less than two months away official data is showing why President Cristina Fernandez de Kirchner is poised to make effective her re-election bid in October.
Wednesday, August 24th 2011 - 06:47 UTC
World markets higher on expectations of Bernanke speech Thursday

US stocks shot 3% higher on Tuesday on speculation Federal Reserve Chairman Ben Bernanke this week could signal new help for the US economy, giving investors hope a four-week rout was nearing an end.
Wednesday, August 24th 2011 - 06:40 UTC
Argentine trade surplus shrinks 22% in July as imports outpace exports

Argentina's trade surplus shrank 22% in July from a year earlier to 672 million dollars as import growth continued to outpace exports, the government said on Tuesday. The trade surplus totalled 861 million dollars in July 2010.
Wednesday, August 24th 2011 - 06:38 UTC
French tourists: two men charged with cover-up for hiding gun used in crime

Two men were charged on Tuesday of cover-up in the case that investigates the abuse and killing of the two French tourists in the north-west Argentine province of Salta, the judicial spokesman Marcelo Báez reported.
Wednesday, August 24th 2011 - 04:24 UTC
Strong earthquake rattles Washington, New York, Virginia and Toronto area

A strong earthquake rattled the United States East Coast, sending tremors as far as Canada, shaking Washington and scaring thousands of office workers who fled onto the streets.
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.