Consumer price increases slowed month-on-month in Brazil in October, according to the Brazilian Institute of Geography and Statistics, IBGE. The official IPCA consumer price index gained 0.43% in October compared with a 0.53% rise in September.
Brazil’s central bank cut capital requirements for some consumer loans with maturities of up to five years, including car loans, as it seeks to fine tune measures taken last year to prevent excessive risk in the financial system.
The Iguazú Falls located on the border of Argentina and Brazi and consisting of approximately 257 individual falls over 2.7 kilometres were chosen as one of the new natural seven wonders of the world in a contest in which thousands of people voted via text messages, by phone and online. The result will be made official in 2012 with a big celebration.
The man who is ready to succeed outgoing Silvio Berlusconi as Italy’s next Prime Minister is a well respected economist and tough negotiator “Super” Mario Monti.
Russian Prime Minister Vladimir Putin praised outgoing fellow political veteran Silvio Berlusconi and defended his own decision to remain in power for years to come in front of an audience of foreign experts.
Argentina's 2011/2012 soy harvest is seen at 49.5 million tons, down from 50.3 million tons last season, the Rosario Grains Exchange said in its monthly crop report on Friday.
Argentina's official inflation was reported at 0.6% in October, breaking with 18 straight months of consumer prices reported at either 0.7 or 0.8%, the government reported on Friday.
Argentina complained Friday that Prince William's six-week mission as a rescue pilot in the Falkland Islands, the object of a 1982 British-Argentine war, is a provocative act.