Stories for September 2011

Thursday, September 15th 2011 - 07:08 UTC
Desperate efforts to avoid Greek default; Moody’s cuts ratings of leading French banks

Moody's cut the credit ratings of two French banks Wednesday because of their exposure to Greece's debt, highlighting growing risks to Europe's financial sector from the deepening euro zone sovereign debt crisis.
Thursday, September 15th 2011 - 07:04 UTC
Fears Brazilian states’ battle for oil royalties share could turn nasty

Brazil's government presented a plan on Wednesday for dividing up oil royalties among states, a crucial step in advancing its effort to tap deepwater reserves it hopes will turn the country into a major crude exporter.
Thursday, September 15th 2011 - 07:02 UTC
August “official” inflation in Argentina, 0.8%, less than half the Congress index

‘Official’ inflation in Argentina hit 0.8% in August and accumulated 6.4% in the first eight months of the year and 9.8% in the last twelve months, according to the Indec statistics and census bureau.
Thursday, September 15th 2011 - 06:56 UTC
Brazilian economy beasts forecasts: grows at fastest pace in six months in July

The Brazilian economy expanded at its fastest pace in six months in July, even as the central bank bets on slower growth to curb the fastest inflation in six years.
Wednesday, September 14th 2011 - 21:57 UTC
Preparations for Falklands’ war victory to be celebrated thirty years on

Plans are being drawn up for celebrations to mark next year's 30th anniversary of the Falklands conflict, reports Wednesday the Evening Standard. The UK Ministry of Defence, Foreign Office and Falkland Islands government are working on how best to commemorate the 1982 conflict with Argentina.
Wednesday, September 14th 2011 - 16:52 UTC
Polls confirm landslide victory for Argentine president re-election next October

Argentine president Cristina Fernandez de Kirchner is heading for a landslide victory in the coming October elections according to public opinion polls released this week. CFK would collect 51.9% of the votes, forty percentage points ahead of the runner up, according to Management & Fit.
Wednesday, September 14th 2011 - 15:51 UTC
President Obama dealt double setback: on the economy and Israel support policy

US President Barack Obama has been dealt a double setback after Republican wins in two seats, including one billed as a referendum on his economic policies. In New York, Republican Bob Turner won a key election to succeed Democratic Congressman Anthony Weiner, who quit in June over a sex texting scandal.
Wednesday, September 14th 2011 - 15:17 UTC
CFK/Sarkozy summit in Paris talk trade and the coming G20 meeting

Argentine President Cristina Fernández de Kirchner held on Wednesday a 45 summit meeting with her counterpart Nicolas Sarkozy on the third and last day of her official visit to France.
Wednesday, September 14th 2011 - 14:54 UTC
Falklands’ Rockhopper unveiled 2bn dollars plan to extract oil by 2016

British oil group Rockhopper Exploration has unveiled plans for a 2 billion dollars investment in the Falkland Islands, a move which will transform the remote territory into a new oil province.
Wednesday, September 14th 2011 - 06:53 UTC
Chile has the most socio-economic segregated education system of OECD members

The Organization for Economic Co-operation and Development (OECD) names Chile the most socio-economically segregated country regarding education opportunities. The annual report released this week shows that private schools receive the most funding from the government and these schools have the least socioeconomic integration.