Stories for August 2011

Wednesday, August 31st 2011 - 09:03 UTC
Humala becomes Wall Street ‘darling boy’, and S&P raises Peru’s foreign debt rating

Peru had its foreign debt rating raised one level by Standard & Poor’s, which said it expects recently elected President Ollanta Humala to continue policies that support the country’s economic expansion.
Wednesday, August 31st 2011 - 09:00 UTC
Dissenting Fed member pledges unity but makes different reading of data available

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota signalled he would not attempt to annul the Fed’s commitment to keep interest rates near zero through mid-2013.
Wednesday, August 31st 2011 - 08:57 UTC
Final voting results from August 14 Primary confirm CFK landslide

Argentine Interior Minister Florencio Randazzo announced Tuesday the final voting results of the primary elections that took place last August 14th, with President Cristina Fernández de Kirchner leading the presidential race by a 50.24% of the votes.
Wednesday, August 31st 2011 - 08:56 UTC
Cuban Ladies in White claim they are victims of (government sponsored) violent acts

Leaders of the dissident group Ladies in White asked the Catholic Church on Tuesday to intervene before the Cuban government to end what they described as violent acts against them and other human rights activists.
Wednesday, August 31st 2011 - 08:51 UTC
World’s largest beef producer relocates operations to save on taxes

The world's largest beef producer, Brazil's JBS, will shift its meat packing operations to other locations where it operates in the country, to reap tax savings, the company said on Tuesday.
Wednesday, August 31st 2011 - 08:48 UTC
Kenya Airways purchases 10 Embraer 190 with an option for another 16

Kenya’s Airways (KQ), the east African country national carrier announced it has signed a contract for acquisition of 10 Embraer 190 jets in a deal that includes the purchase rights for 16 jets from the company.
Wednesday, August 31st 2011 - 08:46 UTC
Rush to explore and develop shale oil and natural gas in Argentina’s Neuquen basin

Exxon Mobil Corp, the largest US oil company, will spend as much as 76.3 million dollars to explore and develop shale oil and natural gas in Argentina with Americas Petrogas Inc.
Wednesday, August 31st 2011 - 08:40 UTC
Freezing weather reduces Brazil’s sugar crop estimate

Sugar output in Brazil, the world’s largest producer and exporter, will unexpectedly fall this year after freezing weather pared crop yields, the Agriculture Ministry said on Tuesday.
Wednesday, August 31st 2011 - 08:34 UTC
Global production of bio-fuels increased 17% last year reaching 105 billion litres

Global production of bio-fuels increased 17% in 2010 to reach an all-time high of 105 billion liters, up from 90 billion liters in 2009.
Wednesday, August 31st 2011 - 08:29 UTC
Argentines recover honour on closing day of World Tango Championship

A couple from Argentina salvaged hometown honour Tuesday night by winning the “stage tango” category on the closing day of the World Tango Championships in Buenos Aires.