Stories for July 2012

Tuesday, July 24th 2012 - 01:59 UTC
Chilean ruling coalition blocks in Congress report on profiteering of education institutions

Chilean student leaders and opposition politicians vowed to protest last week’s ruling by the Chamber of Deputies to reject the findings of a report on the profiteering of education institutions in the country. The controversial subject matter was decided by a razor-thin margin, with 46 in favour, 45 against and one abstention.
Tuesday, July 24th 2012 - 01:56 UTC
Brazil central bank insists inflation under control and growth picks up in second half

The jump in Brazilian consumer prices this month was a temporary reversal and won’t jeopardize the government’s 4.5% inflation target this year, central bank President Alexandre Tombini said on Monday.
Tuesday, July 24th 2012 - 01:21 UTC
Vatican strips leading Peruvian university of the title “Catholic” and “Pontifical”

The Vatican has withdrawn the titles “Catholic” and “Pontifical” from a university in Peru after decades of discussions over the school's Catholic identity and after tensions between university officials and the local cardinal over control of the school's assets.
Tuesday, July 24th 2012 - 01:18 UTC
Cutting back on salty foods helps reduce risk of stomach cancer, says WCRF

Cutting back on salty foods such as bacon, bread and breakfast cereals may reduce people's risk of developing stomach cancer, according to the World Cancer Research Fund (WCRF).
Monday, July 23rd 2012 - 20:31 UTC
“We need some strong vaccines to accept Venezuela in Mercosur”

The head of the Brazilian Senate and former president Jose Sarney said he had his reservations about the incorporation of Venezuela to Mercosur as full member since the government of Hugo Chavez does not respect democratic rules.
Monday, July 23rd 2012 - 20:27 UTC
EC considering major shake-up in scandal-ridden bailed-out Greek bank

Banks recapitalised as part of Greece's bailout may be forced to overhaul their management and governance, the European Commission said, in response to questions raised by Reuters agency about alleged malpractice at Greece's fourth-largest bank.
Monday, July 23rd 2012 - 20:21 UTC
Spanish politician warns cuts are necessary “if we don’t want to become another Argentina”

The President of the Community of Madrid, Esperanza Aguirre, has warned about the “difficult” situation Spain is going through, and said “If we don’t want to become another Argentina, with a ‘corralito’ and inflation rates around 20-40%, we must cut the public spending and find the accounts’ balance.”
Monday, July 23rd 2012 - 20:16 UTC
Spain’s economy sinks deeper into recession; financial costs balloon

Spain's economy sank deeper into recession in the second quarter, its central bank said as investors spooked by an undeclared funding crisis in its regions pushed the country ever closer to a full bailout
Monday, July 23rd 2012 - 20:02 UTC
Sao Paulo benefits from Argentina’s lack of “legal and economic security”

The President of Investe São Paulo -the gateway for companies that intend to settle their operations in the Brazilian state- referred to the ongoing foreign investment boom in the neighbouring country is due in part to the “lack of both legal and economic security that Argentina and its government have.”
Monday, July 23rd 2012 - 19:16 UTC
Paraguay could appeal Mercosur sanctions before the International Court of Justice

Paraguay is prepared to demand Mercosur co-members before the International Court of Justice at The Hague for what it describes as “violation of signed treaties” and sustained “international isolation” following the rejection of an appeal to have sanctions lifted.