Stories for August 2011

Tuesday, August 30th 2011 - 03:48 UTC
Obama names labour expert as White House advisor in economics

US President Barack Obama announced Monday he has chosen Princeton University labour economist Alan Krueger to become the top White House economist, a White House official said.
Tuesday, August 30th 2011 - 03:47 UTC
New York City recovering from Irene, but Vermont ravaged by flood waters

Although hurricane Irene crossed into Canada overnight Sunday but wasn't yet through with the United States, where flood waters in Vermont caused the greatest damage in 75 years and in New York state big city commuters had to make do with slowly reawakening transit systems.
Tuesday, August 30th 2011 - 03:44 UTC
Chilean judge investigating Carabineros over killing of student

An officer from Chile’s gendarmerie-police, Carabineros was asked to resign Monday after admitting to using his firearm in the Macul borough of Santiago near where 16-year-old Manuel Gutiérrez Reinoso was shot and killed Thursday night.
Tuesday, August 30th 2011 - 03:42 UTC
Business leaders and organized labour ignore Argentina’s official inflation index

Following the agreement which raised the Argentine minimum wage by 25%, equivalent to 549 dollars per month, business leaders and representatives from the labour unions admitted that when it comes to salaries negotiations the official inflation index from the government statistics office, Indec, “is not taken into account”.
Tuesday, August 30th 2011 - 03:40 UTC
Falklands’ veteran HMS York under command of possibly her last captain

The man who may be Royal Navy’s Falklands’ veteran HMS York’s last naval captain has taken the helm of the Type 42 destroyer. Commander Rex Cox took over from Commander Simon Staley as the warship undergoes maintenance at Portsmouth, reports The Press from York.
Tuesday, August 30th 2011 - 03:39 UTC
Argentina expects another car production record next year: a million units

The Argentine automobile industry will expand its production capacity to a million units annually by 2012 following on the expected record production of 840.000 this year boosted by domestic demand and exports to brazil, said Anibal Borderes president of the country’s Automobile Manufacturers Association, Adefa.
Monday, August 29th 2011 - 08:34 UTC
Brazil loosing industry to Mercosur members with cheaper costs and lower taxes

Brazilian business and manufacturing leaders are demanding a “fiscal harmonization” of the Mercosur block since other full members are attracting a growing number of Brazilian companies to those countries lured by cheap energy and qualified labour.
Monday, August 29th 2011 - 08:31 UTC
Latin American central banks ready to reverse policy and cut interest rates

Latin America’s central banks are coming to the end of steep rises in borrowing costs as the global economic outlook darkens and some are starting to consider policy loosening and interest rate cuts.
Monday, August 29th 2011 - 08:29 UTC
Brazil to regulate credit-rating agencies to help them improve quality of their analysis

Brazil Securities and Exchange Commission, CVM, expects to have ready by the end of the year a regulatory framework for risk rating agencies with the purpose of improving the quality of their analysis, said Maria Helena Santana, president of CVM.
Monday, August 29th 2011 - 08:26 UTC
MPs criticize “offensive” comedy on Lady Thatcher and ‘Falklands’ obsession’

A new “grossly offensive” comedy on Channel 4 portraying Lady Thatcher as a sex-starved Falklands War obsessive, and mocking her frail mental health, has been criticised by MP's.