Stories for November 12th 2010
Brazilian health officials say anti-biotics KPC bacteria situation is “under control”
Four more people have died from the KPC bacteria in Brazil's capital, bringing the death toll so far this year to 22, health officials in Brasilia said earlier this week, adding that the situation has begun to be brought “under control.”
Ambitious 1.000 km pipeline project to deliver water to desert dry north Chile
A 3.85 billion US dollars pipeline to carry freshwater some 1,000 kilometres from central Chile to the country’s northern desert will provide a cheaper alternative for users now reliant on desalinization of ocean water, a business news Web site said this week.
Canadian bank interested in setting foot in Uruguay
Nova Scotia bank is close to buying Advent International Corp.’s 54% stake in Uruguay’s Nuevo Banco Comercial, Business News Americas reported on its website.
Europe ratifies support for Ireland’s budget policy and sovereign debt
Irish Finance minister Brian Lenihan has welcomed a statement of support over Ireland's debts from Germany, Britain, France, Italy and Spain. The five countries attending the G20 summit in South Korea said that bondholders would not be forced to share the pain of the current debt crisis.
UK holidaymakers moving out of Euro zone to Eastern Europe
It wasn't just the rain-swept, cold day in London that was sending a chill wind down the back of tourism bosses from Western Europe. As heads of the global travel industry met for their annual gathering at the giant World Travel Market (WTM) 2010 event, the damage being caused by the continuing high value of the Euro was the dark cloud hanging over the representatives from Euro zone nations.
G20 agrees on “indicative guidelines” for imbalances and hopes for the best
Leaders of the Group of 20 (G20) member nations meeting in Korea reached a vague compromise Friday on currency and trade issues, calling for a workable resolution for the next G20 summit in France, slated for November next year.
Inflation or no inflation: that is the question for the Argentine government
Fissures inside the Argentine cabinet are surfacing and refer to one of the most irritating issues for the administration of President Cristina Fernandez de Kirchner: inflation or no inflation.
Argentina “is a country cut in two”, cautions Uruguayan president
Uruguayan president Jose Mujica was critical of Argentina’s economic policies and of the recent organization for the funeral of former president Nestor Kirchner. He also admitted it would be “difficult” to reach a definitive agreement with Argentina regarding the long standing UPM-Botnia pulp mill conflict.
As Argentine farming recovers machinery sales soar
Sales of farm machinery in Argentina soared 73% totalling 7.074 units, in the third quarter compared to the same period a year ago and 33.6% over the previous quarter according to the latest release from the Statistics and Census Office, Indec.
Peruvian economy steaming ahead at 8%; top of the list in the region for business
Finance Minister Ismael Benavides said Peru's economy should grow between 8% and 8.5% this year, with inflation ending the year from 2.2% to 2.5%. The Peruvian Central Bank latest forecast was annual growth of 7.5% to 8%.
