Stories for July 2015

Wednesday, July 29th 2015 - 06:30 UTC
Positive signals from Argentina's economy ahead of October's election

Industrial production in Argentina fell 0.8% in June compared to the same period last year, according to the country's National Statistics and Census Institute (INDEC), marking the 23rd consecutive month that the sector has contracted. However with seasonally adjusted figures, Indec's data showed a 0.9% rise, the first positive advance in two years (July 2013).
Wednesday, July 29th 2015 - 06:12 UTC
“Operation radioactivity” unveils corruption in Brazil's Electrobras

Brazilian police on Tuesday arrested two executives involved in building a nuclear power plant for Eletrobras, pulling the state-run utility into a corruption scandal that has engulfed government-owned oil company Petrobras.
Wednesday, July 29th 2015 - 06:00 UTC
S&P warns Brazil could lose investment-grade rating as economic slippage continues

Standard & Poor's on Tuesday said Brazil could lose its coveted investment-grade rating in the coming year if fallout from a number of corruption investigations further stymies economic growth and the implementation of austerity measures.
Wednesday, July 29th 2015 - 05:52 UTC
Volkswagen overtakes Toyota to became world's biggest selling vehicle maker

Germany's Volkswagen became the world's biggest-selling vehicle maker in the first half of the year, overtaking Toyota for the first time. VW sold 5.04 million cars between January and June - slightly more than the 5.02 million sold by Toyota.
Tuesday, July 28th 2015 - 07:00 UTC
Chinese shares on the slide after dropping 8% on Monday; central bank to inject liquidity

Shares in mainland China continued their slide on Tuesday, after a historic sell-off the previous day. The Shanghai Composite fell by 4.3% to 3,567.38 points in early trade, after the index on Monday saw its biggest drop in eight years with an 8% tumble.
Tuesday, July 28th 2015 - 06:45 UTC
PM Cameron: UK must not become a safe haven for corrupt money from around the world

Foreigners must be stopped from buying UK homes with “plundered or laundered cash” and a “global effort” launched to defeat corruption, David Cameron will say in a speech later. Cameron will vow to expose the use of “anonymous shell companies” to buy luxury UK properties - often in London.
Tuesday, July 28th 2015 - 06:27 UTC
Falkland Islanders under Argentina 'will elect their own members to Congress and enjoy oil benefits'

'Some day' Argentina will recover sovereignty over the Malvinas and in no way will the Falkland Islanders or their culture, traditions or language be discriminated, and furthermore they will be able to elect their members to congress, governor and fully enjoy the benefits of oil production.
Tuesday, July 28th 2015 - 06:21 UTC
Di Caprio in Ushuaia for the final scenes of “The Revenant”

U.S. actor Leonardo Di Caprio is in far southern Argentina to shoot the final scenes of “The Revenant,” directed by Mexican Alejandro Gonzalez Iñarritu, the recent winner of the Oscar for Best Picture for “Birdman.”
Tuesday, July 28th 2015 - 06:13 UTC
Brazil central bank survey confirms worst economic performance since 1990

Analysts expect Brazil's economy to contract by 1.76% this year, marking its worst performance since 1990, with the inflation rate hitting 9.23%, the Central Bank said on Monday.
Tuesday, July 28th 2015 - 06:01 UTC
Cristina Fernandez blasts media over Welsh celebrations in Patagonia

Suffering from a severe case of laryngitis which forced her to a 48 hours rest, Argentine president Cristina Fernandez nevertheless had time for a fight with the Buenos Aires media and welcome Wales First Minister Carwyn Jones who is in Argentina for the Welsh settlers in Patagonia celebrations.