MercoPress. South Atlantic News Agency
Stories for November 10th 2011
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Thursday, November 10th 2011 - 06:14 UTC
Uruguay claims Brazilian support in “fiscal haven” controversy with Sarkozy
A top Uruguayan official said the country has the support of Brazil regarding the controversy triggered when President Nicholas Sarkozy as host and ‘rapporteur’ of the recent G20 summit named Uruguay in the list of the world’s most notorious fiscal havens.
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Thursday, November 10th 2011 - 06:11 UTC
Euro crisis: Brazil says capital flight from emerging economies has started
Members from the Brazilian and Uruguayan governments have warned about the increase of capital flight from emerging countries as the Euro crisis lags in search of a strong decision.
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Thursday, November 10th 2011 - 06:05 UTC
Unasur council addresses initiative to compare military spending in the region
The Unasur Defence Council is scheduled to meet Thursday and Friday in Peru to address an action plan for 2012, which once approved will help estimate and compare in a more compatible way military expenditure.
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Thursday, November 10th 2011 - 06:01 UTC
War zone in Rio as police prepares to take control of the city’s biggest favela
Brazilian police made two key arrests Wednesday in Rio de Janeiro's biggest favela (slum) as they ready to take control of the area from drug traffickers, in anticipation of the 2014 World Cup and 2016 Olympic Games.
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Thursday, November 10th 2011 - 05:59 UTC
Italy at the point where Greece, Ireland and Portugal cracked; global markets on the edge
Stock markets in Asia opened sharply lower on Thursday after Italy's record-high cost of borrowing renewed fears over the Euro-zone crisis. Japan's Nikkei index fell 2.3%, Australia's ASX was down 2.8% while South Korea's Kospi opened 2.6% lower.
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Thursday, November 10th 2011 - 05:56 UTC
China inflation cools in October; housing transactions down 25% from September
China's inflation cooled in October, home sales fell and industrial output grew at the slowest pace in a year, adding pressure for measures to support growth in the world's second-biggest economy.
