Stories for August 7th 2013

Wednesday, August 7th 2013 - 14:12 UTC
Venezuela inflation in July 3.2% and 42.6% in the last twelve months

Venezuela consumer prices last month rose at the fastest pace since the index was created in 2008 amid worsening shortages of staple goods such as meat, sugar and milk. Prices rose 42.6% in July from a year earlier and 3.2% in the month, the central bank said in an e-mailed statement on Tuesday.
Wednesday, August 7th 2013 - 13:55 UTC
Falklands sends support message to Gibraltar; Cameron on the phone with Rajoy

The Falkland Islands sent on Wednesday a support message to Chief Minister Fabian Picardo and the people of Gibraltar which is under strong pressure and threats from Spain over border crossings while from London it was reported that PM David Cameron called Spanish PM Mariano Rajoy to raise concerns about the escalation of the situation.
Wednesday, August 7th 2013 - 03:16 UTC
CFK lectures Security Council: end of veto power and UK must abide Falklands’ resolution

President Cristina Fernandez, CFK, used the opportunity of Argentina at the rotating chair of the United Nations Security Council to demand an end to the veto power of its five permanent members (United States, Russia, China, Britain and France), and criticize the UK refusal to engage in Falkland Islands sovereignty discussions.
Wednesday, August 7th 2013 - 03:11 UTC
”Christ the Redeemer became flesh…in Hugo Chavez”, says President Maduro

Venezuelan President Nicolas Maduro Monday compared Hugo Chavez to Christ and said that the late president, just like Jesus, “came to protect those who had nothing”, in a tribute to the fallen leader on the fifth month anniversary of his death.
Wednesday, August 7th 2013 - 03:07 UTC
Rough going in Venezuela: opposition leader killed; media group suspends activities

Venezuela is becoming a rough environment for those dissenting with the Bolivarian revolution: in the last few hours a leading Venezuelan opposition was killed and on Monday media group announced the suspension of activities following the freezing of bank accounts and arrest of the owner and publisher.
Wednesday, August 7th 2013 - 03:04 UTC
Chile investment in mining expected to reach 112 billion in eight years

Chile expects mining investment to reach 112 billion US dollars by 2021, Mining Minister Hernan de Solminihac announced this week. This includes the 27bn planned by Chile’s National Copper Corporation, Codelco. Overall the sum is 8% higher than the November forecast.
Wednesday, August 7th 2013 - 02:47 UTC
Brazil car production slips but export forecast rises as world demand picks up

Car production in Brazil slipped in July to the lowest daily rate in five months as factories, facing sagging consumer confidence scaled back output industry data showed on Tuesday.
Wednesday, August 7th 2013 - 02:39 UTC
Uruguay floats 2bn dollars in bonds to help spread debt payment

Uruguay priced 2 billion dollars in 10-year benchmark sovereign bond on Tuesday at a spread of 187.5 basis points over US Treasuries as part of the government's bid to improve its debt profile, according to reports from Thomson Reuter’s unit IFR. The bond priced at 99.833 with a 4.5% coupon and 4.521% yield, according to IFR.
Wednesday, August 7th 2013 - 02:30 UTC
China approves first shipment of Argentine GMO corn shaking world markets

China has approved its first shipment of genetically modified Argentine corn, Buenos Aires-based trade sources said, which could mean that the Asian giant may eventually import GMO crops from other producers like the United States.