Stories for August 2011

Friday, August 12th 2011 - 17:27 UTC
US retail sales up in July, but consumer confidence down to its lowest since 1980

US retail sales rose in July by the largest amount in four months, Commerce Department figures show, tempering fears that the US may be slipping back into recession.
Friday, August 12th 2011 - 17:24 UTC
Berlin Wall’s Lesson for the Barrier-Builders of Today

By Frederick Taylor - It was a chilly night for high summer in Berlin 50 years ago 13 August 1961, and it took East German Communists only about five hours to divide one of Europe’s grandest cities neatly in two.
Friday, August 12th 2011 - 06:22 UTC
Latam markets end with sustained recovery and more confidence

Latin American stocks rose on Thursday after bargain-hunting and improving US jobs data gave the market some relief. Investors swept up shares battered by the recent market rout that had knocked about 18% off the MSCI Latin America stock index since last week.
Friday, August 12th 2011 - 06:20 UTC
US job market data brings relief to markets stunned by the Euro and dollar crises

New US claims for unemployment benefits dropped to a four-month low last week, government data showed Thursday, a rare dose of good news for an economy that has been battered by a credit rating downgrade and falling share prices.
Friday, August 12th 2011 - 06:17 UTC
Sarkozy and Merkel plan confidence-building summit to prop Euro and markets

French President Nicolas Sarkozy and German Chancellor Angela Merkel will discuss next Tuesday how to make the Euro zone work more effectively amid persistent doubts in financial markets over Europe's ability to solve its sovereign debt crisis.
Friday, August 12th 2011 - 06:12 UTC
Top CEOs to lead Brazil-Canada forum to promote trade and investments

Canadian government has enlisted Bank of Nova Scotia CEO Rick Waugh to lead a group of chief executives who will help broker deeper trade and investment relations with Brazil, the world’s seventh largest economy.
Friday, August 12th 2011 - 06:11 UTC
Brazilian economy “highly dependent on external financing and current account deficit”

The Brazilian economy may face a potential crisis as its fragile foundation could barely withstand the impact of a new global financial turmoil, a local economist warned.
Friday, August 12th 2011 - 06:09 UTC
Brazil says stadiums will be ready on time for the 2014 World Cup

Brazilian President Dilma Rousseff on Thursday brushed aside concerns over delays in preparations for the 2014 World Cup, insisting that all stadiums would be ready in time for the tournament.
Friday, August 12th 2011 - 02:53 UTC
China prepared to let the Yuan appreciate to help managed ‘imported inflation’

The Chinese Yuan is ready to appreciate more rapidly against the dollar in coming months as it takes on a bigger role in Beijing’s box of monetary policy tools, a group of official Chinese newspapers reported on Friday.
Friday, August 12th 2011 - 02:27 UTC
LAN-TAM deal approves first antitrust hurdle in Brazil; complaint in Chile

The antitrust unit of Brazil's Finance ministry on Thursday recommended the approval of a plan by Chilean airline LAN to buy rival Brazilian rival TAM Linhas Aereas, saying the deal will not harm competition in the country's civil aviation market.