Stories for August 30th 2011
Brazil to increase primary surplus and make room for cut in interest rates
Brazil plans to further contain government spending this year to prepare the country for a global slowdown and make room for a cut in interest rates, Finance Minister Guido Mantega said on Monday.
Carbinero killed Chilean teenager; General, officers and several privates expelled
Following trials with over 500 weapons, Chilean prosecutor Jorge Martínez confirmed that the bullet which killed 16 year old Manuel Gutierrez was fired by the Uzi sub-machinegun carried by Carbineros officer Miguel Millacura on the night of August 25 during the students' protest..
Nobel laureate praises Argentina; tells US and EU spending is the way out of recession
United States and the European Union “are using the same recipe that the IMF applied on Argentina” to address the current global financial crisis and this only leads to “stagnation” said Nobel laureate Joseph Stiglitz attending a gathering of Nobel Prize recipients and young economists in Lindau, Germany.
CFK instructions for the day after: public spending cap of 20% for 2012 budget
Argentina's 2012 budget bill aims to cap public spending growth at 20%, below current rates of more than 35%, as state expenditure surges ahead of the October presidential election, according to a newspaper report on Monday.
Argentina regulator to investigate YPF and Repsol YPF on accounting standards
Argentina’s securities regulator said it will investigate the chairman and chief executive officer of YPF SA, the nation’s largest oil producer, as part of a probe into the company’s accounting.
Uruguay plan to regularize 676 shanty towns (200.000 people), most in Montevideo
Uruguay announced it will invest 150 million dollars for the eradication of shanty towns, 90% of which are located in Montevideo, half of them in contaminated and flood-prone areas.
In divided ballot Japan’s ruling party chooses new PM, the sixth in five years
Japanese Finance Minister Yoshihiko Noda was chosen Monday to become the sixth prime minister in five years, but he needs to overcome a divided parliament and deep rifts in the ruling party if he is to make more of a mark than his recent predecessors.
Landslide victory for CFK close ally in the province of Tucuman
A close ally of President Cristina Fernandez de Kirchner, Tucuman province governor Jose Alperovich won on Sunday a landslide third straight mandate and his first words were of gratitude and remembrance for Nestor Kirchner.
Buenos Aires City mayor admits CFK is ‘almost unbeatable’; looks for better relations
Buenos Aires City Mayor, Mauricio Macri, admitted on Monday that it is “almost impossible” to beat President Cristina Fernández de Kirchner in October’s presidential elections.
Obama names labour expert as White House advisor in economics
US President Barack Obama announced Monday he has chosen Princeton University labour economist Alan Krueger to become the top White House economist, a White House official said.
