Stories for September 8th 2009
Argentina could be short of funds to repay debt by next December
Argentina has admitted it does have sufficient funds to cancel all its debts for the rest of the year and this could be linked to the country’s rapprochement with the International Monetary Fund.
S&P confirms Uruguay’s positive outlook; anticipates “smooth transition”
Standard & Poor's Ratings Services said this week it expects a “smooth transition” regardless of who wins October's presidential election in Uruguay given the country’s track record of prudent economics policies. S&P also confirmed BB- sovereign credit ratings for Uruguay with the outlook “remaining stable”.
Re-enactment of Darwin’s expedition arrives in Montevideo late October
A re-enactment of Charles Darwin global scientific expedition in the eighteen hundreds was launched on September first from Plymouth, England and should be calling in Montevideo, Uruguay at the end of October.
How did Easter Island statues obtain their red hats?
Archaeologists believe they have solved one ancient mystery surrounding the famous Easter Island statues. At 2,500 miles off the coast of Chile, the island is one of the world's most remote places inhabited by people.
Uruguayan ruling coalition ahead by one point, say latest opinion polls
The Uruguayan ruling coalition has a vote intention of 45%, one point ahead of the opposition for the coming October 25th presidential election, according to the latest public opinion poll released Monday evening.
Latinamerica turns to Europe, Russia and China for military hardware
Brazil's plans to buy French fighter jets confirms a trend across Latinamerica that is based in recent history and the proclivity of US lawmakers to put political restrictions on what customers can and cannot do with their purchases.
Gold price breaks through the symbolic 1.000 US dollars mark
Continuing worries about the stability of the global economy and the rally seen in equity markets continued to spark investment in gold on Tuesday with the price breaking through the symbolic 1,000 US dollars mark and touching a new high for 2009.
Major reshuffle in Mexico includes war on drugs, oil and agriculture
Mexican President Felipe Calderon announced Monday the resignation of Attorney General Eduardo Medina-Mora, his point-man in the offensive against drug cartels, but gave no indication that the current strategy of full confrontation with the gangs would change.
US increases arms sales and share of world market in 2008
United States not only increased its arms sales by nearly 50% last year but its share of world weapons sales also rose to more than two-thirds despite the global economic downturn, a newspaper reported Monday.
Brazil begins talks for the purchase of 36 French built Rafale combat aircrafts
President Lula da Silva announced Monday that Brazil has entered negotiations with France for the purchase of 36 combat aircrafts Rafale, from Dassault. An official release from the Planalto said that negotiations include the transfer of French technology.
