Stories for July 2012

Monday, July 23rd 2012 - 19:02 UTC
Pranab Mukherjee, a political “bridge builder” elected president of India

Former Finance minister Pranab Mukherjee was elected president on Sunday of the world’s largest democracy and a crucial member of the emerging markets BRIS group.
Monday, July 23rd 2012 - 09:23 UTC
Mercosur Review Tribunal rejects Paraguay’s demand against suspension

Mercosur Standing Review Tribunal rejected Paraguay’s demand against its temporary suspension from the trade and integration group and the inclusion of Venezuela as a full member.
Monday, July 23rd 2012 - 09:20 UTC
ECB chief says “Euro is irreversible”; praises will to create supranational bodies

European Central Bank President Mario Draghi said that the Euro was not in danger despite some analysts' worse case scenarios for a break-up and said that greater financial, budgetary and political union among Euro zone countries was inevitable.
Monday, July 23rd 2012 - 09:09 UTC
Brazil moves into Ghana with 96million dollars loan for small farmers

Ambassador to Ghana, Irene Vida Gala announced that Brazil has plans to make available a 96-million-dollar loan facility to boost small-scale and rural farming in Ghana to help increase food production and subsequently improve the country’s bread basket.
Monday, July 23rd 2012 - 08:55 UTC
Brazil corrects IMF: outdated facts, credit expansion slower and inflation under control

The Brazilian government questioned as outdated the latest IMF report, released Friday July 20, in which the Fund calls for more domestic savings and greater attention to inflation.
Monday, July 23rd 2012 - 08:46 UTC
The global super-rich have at least 21trillion dollars hidden in secret tax havens

The global super-rich elite had at least 21 trillion dollars hidden in secret tax havens by the end of 2010, according to a major study. The figure is equivalent to the size of the US and Japanese economies combined.
Monday, July 23rd 2012 - 08:41 UTC
Euro-zone countdown for Greece: Germany and IMF will not yield on austerity measures

German Finance Minister Wolfgang Schaeuble warned Greece in a newspaper interview Monday that it must redouble efforts to comply with bailout conditions imposed by international creditors. “If there were delays, Greece must make up for them,” he told the daily Bild.
Monday, July 23rd 2012 - 08:32 UTC
FARC blow up Colombia’s main oil pipeline; fears of pollution in nearby river

Colombia's largest rebel group has blown up a section of the 220.000-barrel-per-day-capacity Caño Limon-Covenas oil pipeline, Ecopetrol and the army said, in the latest in a series of attacks on oil infrastructure.
Monday, July 23rd 2012 - 08:18 UTC
Gibraltar demands action from UK, after latest incident with Spain’s Guardia Civil

The Gibraltar government has told the UK that 'the time has now come for action, not simply written protests from London to Madrid' in defence of British Gibraltar Territorial Waters, following the latest incident where a Gibraltar vessel was boarded by the Guardia Civil in Gibraltar waters 'and forcibly conveyed' together with its occupants to Algeciras 'at high speed and without navigational lights.'
Monday, July 23rd 2012 - 06:12 UTC
Demonstrators protest the election of Peña Nieto as Mexican president

Thousands of people marched through Mexico City to denounce the July 1 election of Enrique Peña Nieto as president, though the protest was smaller than one held earlier this month.