Stories for 2011

Saturday, July 16th 2011 - 07:08 UTC
Chilean central bank leaves benchmark rate unchanged at 5.25%

The Chilean central bank kept its benchmark interest rate unchanged this week for the first time since January as signs of slower growth abroad and a moderation in domestic output and demand provided space to delay additional increases.
Saturday, July 16th 2011 - 06:58 UTC
Eight out of 90 banks in Europe fail stress-test, five of them from Spain

Eight banks have failed Europe's bank stress test designed to assess whether they can weather another economic crisis while 16 banks barely passed, bank regulators said on Friday.
Saturday, July 16th 2011 - 06:52 UTC
RAF largest ever dual purpose aircraft, Voyager can carry 300 troops or 100.000 litres of fuel

The RAF’s largest ever aircraft, Voyager, has been flown by an RAF pilot at the Royal International Air Tattoo, Fairford for its first public appearance. Fourteen Voyager aircraft and a complete support package are being provided to the RAF under a 27 year £10.5bn Private Finance Initiative contract signed with the AirTanker consortium.
Friday, July 15th 2011 - 16:33 UTC
US June consumer prices fell 0.2%, but growing fears of core inflation

The cost of living in the United States fell in June, as a sharp drop in energy cost offset other price rises. Consumer prices fell 0.2%, their first monthly fall in a year; excluding energy and food, prices rose slightly. The annual inflation rate was 3.6%.
Friday, July 15th 2011 - 16:31 UTC
Plan to support Brazilian industry from foreign protectionism to be announced August 2

Brazil’s president Dilma Rousseff announced Thursday night the launching of a new plan aimed to boost and protect Brazilian industry against international competition and at the same called for a technological development leap forward.
Friday, July 15th 2011 - 13:36 UTC
Charges against 18 executives and British auditor in major Chilean retail scandal

The Chilean Securities and Insurance Supervisor (SVS) announced on Wednesday that it would be pressing charges against more than a dozen executives at Chilean retail giant La Polar.
Friday, July 15th 2011 - 06:35 UTC
Paraguayan congress blocks re-election attempt of an ambitious bishop-president

Paraguay's opposition-controlled Congress rejected a constitutional reform that would have let President Fernando Lugo run for re-election. The reform drive, led by Lugo's supporters, proved controversial in a country where many people have painful memories of General Alfredo Stroessner's 35-year dictatorship.
Friday, July 15th 2011 - 06:31 UTC
Chavez to receive cancer treatment in Sao Paulo, say Brazilian government sources

Venezuelan President Hugo Chavez will travel to Brazil for cancer treatment, a Brazilian government source told reporters, following his return home after an operation in Cuba.
Friday, July 15th 2011 - 06:25 UTC
Argentina denies restrictions in trade with Brazil; admits ‘logical differences’

Argentina’s trade relation with Brazil does not have restrictions and “it’s understandable that some differences surface” when bilateral trade will be reaching over 40 billion dollars this year, said Argentine Industry Ministry sources in Buenos Aires.
Friday, July 15th 2011 - 06:21 UTC
Argentines would like to buy at “official” inflation and be paid in real inflation

According to Argentina’s statistics office Indec consumer inflation was 0.7% pushed mostly by the cost of clothing. However private economic consulting offices estimate the index was double the official announcement.