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Stories for September 3rd 2011

• Saturday, September 3rd 2011 - 07:40 UTC

  Argentine August inflation at 2% pushed by food prices, say private estimates

  

  A surge in fresh food prices has pushed Argentina’s August consumer inflation to one of the highest of the year, 2% over the previous month, according to private consultant estimates and published in the Buenos Aires press.

• Saturday, September 3rd 2011 - 00:46 UTC

  Brazilian economy slowing down: growth drops to an annualized 3.1%

  

  Brazil's economy expanded at a softer pace in the second quarter as a strong currency fueled a flood of cheap imports and industrial activity had its worst performance since the third quarter of 2009.

• Saturday, September 3rd 2011 - 00:44 UTC

  US government to sue 17 major banks for losses on sub-prime mortgages

  

  US authorities announced legal actions against 17 major banks for losses on mortgage-backed investments that cost taxpayers tens of billions of dollars. The Federal Housing Finance Agency said it was taking action against banks including Goldman Sachs, Barclays, Bank of America, Deutsche Bank, and HSBC.