Stories for September 2012

Saturday, September 15th 2012 - 05:19 UTC
Two Brazilian mid-sized banks ordered liquidation by monetary authorities

Brazil's central bank ordered the liquidation of Banco Cruzeiro do Sul on Friday after no one stepped up to acquire the troubled lender, raising doubts about government oversight of small and mid-sized banks.
Saturday, September 15th 2012 - 05:13 UTC
Argentina’s money supply adjusted for inflation climbed 22.6% in last 12 months

A benchmark measure of Argentina's money supply rose 34.6% on the year in August, according to the central bank. In its monthly monetary report published late Thursday, the Central Bank of Argentina said its M2 measure of money supply averaged 403.93 billion Argentine pesos (86.6 billion dollars) last month.
Friday, September 14th 2012 - 05:18 UTC
Auction of Pluna’s Bombardier aircraft collapses: terms “non attractive” and “non viable”

Uruguay’s attempt to auction the bankrupt national airline Pluna aircraft collapsed because none of the groups that showed an initial interest turned up arguing that the 136 million dollars for the seven Bombardier CRJ900 NextGen was “not attractive” and considered the whole business deal “non viable”.
Friday, September 14th 2012 - 03:40 UTC
Thousands across Argentina take to the streets to protest against re-re-election

Appealing to social networks thousands of Argentines Thursday evening took to the streets of the country’s major cities to protest some of the latest measures from the government of President Cristina Fernandez including the re-re-election plans and the increasing restrictions to the purchase of dollars.
Friday, September 14th 2012 - 00:51 UTC
Brazilian extends tax breaks to two dozen industries to stimulate economy

Brazil rolled out additional stimulus measures to bolster its sluggish economy on Thursday, extending tax breaks to more than two dozen industries and reducing the cost of acquiring capital goods in a bid to help struggling local businesses.
Friday, September 14th 2012 - 00:48 UTC
Half a million dollars reward for information regarding fate of Raoul Wallenberg

The International Raoul Wallenberg Foundation is increasing to 500.000 dollars the reward it is offering to any person or entity who can provide solid and provable information on the whereabouts of Wallenberg and his chauffeur, Vilmos Langfelder, Baruch Tenembaum and Eduardo Eurnekian, Founder and Chairman of the Foundation, announced last week.
Thursday, September 13th 2012 - 19:11 UTC
A field guide to the wildlife of South Georgia with 350 colour photos

“A Field Guide to the Wildlife of South Georgia” is the title of the comprehensive new 200-page soft-back guide to the Island’s wildlife. The book contains over 350 colour photos of the fauna and flora it describes.
Thursday, September 13th 2012 - 18:42 UTC
Fed announces further financial stimuli for the US economy to help employment

The US central bank announced on Thursday it will resume its policy of pumping more money into the economy via so-called quantitative easing which consists of buying “additional agency mortgage-backed securities at a pace of 40 billion dollars per month”.
Thursday, September 13th 2012 - 17:12 UTC
Switzerland tightens taxes on wealthy foreigners living in the country

Switzerland will keep its special low-tax deals for wealthy foreigners such as music and sports celebrities but increase the amount of tax they pay following a vote by parliament which faced pressure to scrap the system.
Thursday, September 13th 2012 - 17:07 UTC
Argentina’s official inflation for August, 0.9% and 6.8% in the eight months

Argentina’s inflation advanced 0.9% in August and 6.8% in the first eight months of the year according to the controversial official stats office Indec. Whole sale prices were up 1% over July and the construction cost increased 1.3%.