Brazil Central Bank President Alexandre Tombini Tuesday said there are consistent signs that the recovery of economic growth is underway and insisted despite some market skepticism, that inflation is under control.
The electoral magic of former Brazilian president Lula da Silva did it again: the country’s major financial and industrial hub, the city of Sao Paulo only a few weeks ago was turning its back on the ruling Workers party at the municipal elections, but is now to his feet probably with a landslide victory.
General Motors (GM) will invest 450m dollars to manufacture a new global Chevy vehicle at its Rosario Automotive Complex in Argentina. The investment will be made between 2013 and 2015 at the Rosario facility, which produced more than 136,000 vehicles in 2011.
The average area covered by the Antarctic ozone hole this year was the second smallest in the last 20 years, according to data from NASA and National Oceanic and Atmospheric Administration (NOAA) satellites. Scientists attribute the change to warmer temperatures in the Antarctic lower stratosphere.
Chief executives of more than 80 big US corporations, including Goldman Sachs, JPMorgan and Boeing, joined forces today to pressure Congress to reduce the federal deficit with tax reform and spending cuts.
Hong Kong's central bank has intervened in financial markets again, weakening the value of its currency after it jumped in value. This follows similar moves on Sunday and pushes the total cost of intervention in the past week to 14.3bn Hong Kong dollars (1.85bn dollars).
Spanish bank Santander has said its quarterly profits fell by more than 90% after taking provisions for bad property loans in its local market. Net income fell to 100m Euros in the third quarter from 1.8bn Euros in the same period last year, it said.
The number of possible sexual abuse victims of BBC TV presenter and DJ Jimmy Savile has risen to 300, Scotland Yard has confirmed. Savile who died last year aged 84, may have abused scores of young girls and some boys over a 40-year period.
Ghanaian officials asked a judge Thursday to order the Argentine navy ship detained in the West African nation over a debt dispute to be moved because it was blocking valuable space at the port of Tema.
Argentine Defence Minister Arturo Puricelli took responsibility on Thursday for the fate of the navy training frigate Libertad, which continues to be impounded in Ghana. Meanwhile from Ghana a top official said the country was “embarrassed” with the whole incident.