Stories for August 2011

Tuesday, August 16th 2011 - 02:44 UTC
Global food prices in July 33% higher than a year ago, says World Bank

Global food prices are at high levels and when combined with continued volatility, put the poorest people in the developing world at continued risk, according to the World Bank Group’s Food Prices Watch released Monday.
Monday, August 15th 2011 - 23:43 UTC
Soros backs creation of Euro bonds to solve Euro debt crisis; Germany rejects idea

George Soros has backed “Eurobonds” - joint debts of the 17 Euro zone members - to solve the Euro zone debt crisis. Speaking to the BBC, the billionaire investor said if European leaders fail to keep the Euro together, there would be a “really serious global calamity”.
Monday, August 15th 2011 - 23:41 UTC
Buffett calls on the US Congress to “stop coddling the super rich”

Warren Buffett has called for Congress to make him and his “mega-rich friends” pay more income tax. In a piece in The New York Times newspaper, the billionaire investor and philanthropist said the rich should do more to help plug the deficit.
Monday, August 15th 2011 - 23:15 UTC
Renewed UK interest in South America in spite of Argentina’s Falklands’ policy

The UK is showing a renewed interest in South America and has been successful in establishing cooperation with individual countries in spite of Argentina’s attempts to gather multilateral support for its claim on the Falkland Islands, according to World Politics Review.
Monday, August 15th 2011 - 22:32 UTC
Chilean family group interested in taking over Shell assets in Argentina

Chile's Luksic family group plans to buy Royal Dutch Shell Plc's assets in Argentina, which include service stations and the country's second-biggest oil refinery, financial daily Ambito Financiero reported on Monday.
Monday, August 15th 2011 - 22:04 UTC
Rockhopper raises its estimate of oil in North Falkland basin to 608 million barrels

Rockhopper Exploration PLC upgraded its estimates of how much oil it could find off the Falkland Islands, boosting hopes that the remote territory in the South Atlantic could become a new oil province.
Monday, August 15th 2011 - 21:52 UTC
CFK victory in all districts including Buenos Aires City and farming provinces

Argentine President Cristina Fernandez de Kirchner was by far the undisputed winner of Sunday’s first-ever simultaneous national primary elections after she was the most voted presidential candidate in all provinces except for San Luis, where the votes went to Alberto Rodríguez Saá.
Monday, August 15th 2011 - 11:56 UTC
USDA estimates Argentine 2011/12 wheat crop at 13.5 million

The coming 2011/12 wheat crop of Argentina will reach 13.5 million tons instead of the 15 million forecasted last July, reported the US Agriculture Department, USDA.
Monday, August 15th 2011 - 05:00 UTC
Japanese agency upgrades Brazil’s credit rating to BBB, second notch in investment grade

R&I Japan agency last week upgraded Brazil’s credit rating from BBB- to BBB, the second notch in investment grade level, with stable outlook.
Monday, August 15th 2011 - 04:55 UTC
Landslide victory for CFK with more votes than her main rivals together

Argentine President Cristina Fernandez de Kirchner, CFK, won a landslide support Sunday at the unified simultaneous national primaries having collected more votes than the rest of the presidential candidates for next October 23.