Stories for April 2011

Tuesday, April 19th 2011 - 04:09 UTC
Argentine footwear industry planning to make 200m pairs by 2020

Argentina's footwear industry hopes to make 200 million pairs and export 50 million shoes as part of new strategic growth plan by 2020, according to officials at leading trade federation Camara de la Industria del Calzado (CIC).
Tuesday, April 19th 2011 - 04:04 UTC
Wikileaks reveals Malaysian air force over up of F-5 jet engines which turned up in Uruguay

The Malaysian government failed to inform Washington that two “US-supplied” F-5 fighter jet engines had gone missing since May 22, 2008, despite having at least “three opportunities” to come clean, according to leaked United States diplomatic cables released recently.
The engines two years later were finally located two years later in Uruguay.
Tuesday, April 19th 2011 - 03:51 UTC
What is behind Brazil’s high rates: loose fiscal policy, low savings or politics

With Brazil’s benchmark interest rate at 11.75% and prospects of further increases Latin America’s largest economy poses a challenge to economists and analysts. The answers are not only economic but also political.
Tuesday, April 19th 2011 - 02:09 UTC
Argentina’s economic activity indicator jumped 8.7% in February

Argentina's February monthly economic activity indicator, or EMAE, jumped 8.7% on the year and was up 0.4% on the month, the national statistics agency Indec reported Monday. The EMAE comprises most components of gross domestic product.
Tuesday, April 19th 2011 - 01:57 UTC
Uruguay resisted pressure from the Bush administration over ties with Iran

Uruguay resisted pressures from the administration of former US President George W. Bush to reduce ties with Iran. Uruguay’s Foreign Affairs minister Luis Almagro on a Middle East tour made the revelation during a meeting in Teheran with President Mahmoud Ahmadinejad, according to the official Iranian news agency.
Tuesday, April 19th 2011 - 01:39 UTC
BMW suspends car exports to Argentina because of import restrictions

Argentina's economy is among the fastest-growing in the world, but that may be little consolation to the country's luxury-car fans that have lost access to the world's best-selling premium car.
Tuesday, April 19th 2011 - 01:35 UTC
Argentine imports’ substitution helps March industrial production expand 9.2%

Spurred by strong support from the government, Argentina's industrial production in March jumped 9.2% on the year according to a Monday release from economic advisors Orlando J Ferreres & Asociados, OJF.
Tuesday, April 19th 2011 - 01:30 UTC
US concern over growing Chile-China links, revealed by Wikileaks

In 2005, with Chile negotiating a Free Trade Agreement with China, the United States became increasingly worried over China’s influence in the area, according to a confidential cable released last week by Wikileaks.
Monday, April 18th 2011 - 21:51 UTC
Finland’s anti-Euro strong showing could block Portugal’s bailout negotiation

What’s the link between Portugal's bailout negotiations and Finland? Well negotiations began under a cloud Monday after an anti-Euro party scored big gains in a Finnish election and immediately vowed to derail the pending rescue.
Monday, April 18th 2011 - 19:13 UTC
S&P downgrades US debt outlook from “stable to negative”, because of budget deficit

The United States have been warned that the credit rating on its government debt could be cut by Standard & Poor's. The risk rating agency is concerned that Democrats and Republicans will not be able to agree a plan to reduce the growing US deficit.