Stories for August 10th 2017

Thursday, August 10th 2017 - 20:05 UTC
Brazil´s annualized inflation in July was 2.71%, the lowest since 1999

Brazilian prices rose in July at an annual rate of 2.71%, the lowest for 18 years, the government statistics office said Wednesday. This was good news for consumers in Latin America's biggest economy, which is inching out of its deepest recession in history, and was considered likely to lead to sharper interest rate cuts.
Thursday, August 10th 2017 - 19:56 UTC
Rogoff warns about personal and corporate debt as main threats to global economy

A sudden rise in interest rates poses the greatest threat to the global economy, the IMF's former chief economist has told the BBC. Ken Rogoff, who famously predicted a big bank would collapse during the financial crisis, warned that people had got used to ultra-low interest rates and said the economic policies of the Trump administration posed a risk.
Thursday, August 10th 2017 - 19:51 UTC
Ex US Treasury Secretary says loosening financial regulations, “not a good idea”

Jack Lew, former US treasury secretary, has told the BBC the world remains at risk from financial threats. He says loosening regulation would not be a good idea: ”We should not disarm at a moment when we're out of the last financial crisis, but still in a world with substantial financial risks.
Thursday, August 10th 2017 - 11:27 UTC
Triple digit inflation in Venezuela: US dollar trades at 10.387 Bolivar; minimum wage 97.531 Bolivar

The extreme volatility of Venezuela's exchange rate has the crisis-hit country's shop owners hurriedly marking up their merchandise and consumers balking at the higher price tags. Just last week, the Bolivar currency fell around 70% on the black market, according to DolarToday, the opaque U.S.-based website that dictates the black market rate.
Thursday, August 10th 2017 - 09:59 UTC
Argentine farmers investing heavily for the next planting season following on a record crop year

Argentine farmers will increase investments in the next corn planting season despite fears about a political comeback for former President Cristina Fernandez, who implemented export taxes and restrictions despised by the sector, according to industry leaders.
Thursday, August 10th 2017 - 09:43 UTC
Fear of a Cristina Fernandez comeback has cost the Argentine central bank over a billion dollars

The Argentine primary next Sunday when the different parties will choose their candidates for the midterm elections of 22 October, and the possibility of a comeback of ex president Cristina Fernandez, and all that she represents, has cost the Argentine central bank so far over a billion dollars in the last ten days.
Thursday, August 10th 2017 - 07:47 UTC
Washington imposes more sanctions in Venezuela: eight more top officials including a Chavez brother

Washington imposed sanctions on eight Venezuelan officials on Wednesday for their role in creating an all-powerful legislative body loyal to President Nicolas Maduro, while a mayor-turned-fugitive called for more anti-government protests. The new U.S. sanctions targeted politicians (including a brother of ex leader Hugo Chavez) and security figures but stopped short of actions against Venezuela's vital oil industry.
Thursday, August 10th 2017 - 07:30 UTC
US Congress delegation on “support visit” to Gibraltar

Members of the United States Congress are visiting Gibraltar to ‘show support’ for the Rock as they reflected on the close links between Gibraltar and the US. Acting Gibraltar Chief Minister Dr Joseph Garcia welcomed a delegation from the Congress of the United States to Gibraltar on Monday afternoon before taking them through a series of meetings throughout the course of yesterday.
Thursday, August 10th 2017 - 07:22 UTC
Commercial “Proving flight” to St Helena with 35 passengers next August 21

Airlink are expected to carry out a ‘proving flight’ to the British Oversea Territory of St Helena on Monday, 21 August 2017, using an Embraer E190-100IGW aircraft. This proving flight is for Airlink to demonstrate to the South African Civil Aviation Authority (SACAA) operational proficiency in terms of ETOPS (Extended Range Twin Engine Operations) requirements.
Thursday, August 10th 2017 - 07:09 UTC
Falklands' hosts Montserrat top official as part of UK's Territory to Territory Partnership

A leading Montserrat official is visiting the Falkland Islands for a week as part of a Territory to Territory partnership initiative between the two islands that was initiated last year. The Caribbean island British Overseas Territory Minister of Agriculture, Trade, Lands, Housing, and Environment, Claude E.S. Hogan arrived on the Falklands on the 7th August 2017.