Stories for May 2012
August 3, an emblematic date for Argentina’s “dollar-clamp” policy
The current strict measures to counter the purchase of US dollars and by extension capital flight, implemented by Argentina apparently have a calendar date full of political significance: August 3 when the Boden 2012 fully matures.
Argentine youth takes to Indian culture from Sanskrit songs to mediation and spiritualism
By R.Viswanathan - I had the most unusual night club experience in Argentina last weekend when I was in “Groove” one of the trendiest night clubs of Buenos Aires. The DJ was not playing Salsa, Samba or Reggaton. Instead, the club was vibrating with Sanskrit songs...
Rousseff announces veto of several Forest Code controversial amendments
Brazilian President Dilma Rousseff announced Friday that she is vetoing some of the controversial amendments to the country’s Forest Code that would have substantially weakened the country’s forest protection and climate mitigation actions.
Government decides to extend soft loans for Brazil’s three largest corporations
Brazil eased rules for subsidized lending by state development bank BNDES to three of the country's biggest companies, in a move that may help President Dilma Rousseff shield a struggling economy from market turmoil abroad.
April consumer confidence rose in Argentina for the first time in five months
A closely watched gauge of Argentina consumer confidence rose for the first time in five months in May, according to a report published this week by Torcuato di Tella University, UTDT.
China’s April exports to Argentina fell 34.4%, largest monthly drop since 2009
China's exports to Argentina in April declined 34.4 percent from last year, the largest monthly drop since the 2009 global recession, signalling the deepening negative influence of Argentina's trade protectionism on bilateral trade, analysts and trade experts said, quoted by the official Beijing news agency.
UK passion for Argentine wines: first quarter imports rocket 15% in volume
Argentine wine exports to the UK have rocketed by 25% in value and 12% in volume in the first three months of the year. This put the UK back ahead of Brazil as Argentina’s third largest market worldwide, and the US and Canada, and represents the largest gains for over four years.
Cameron pays tribute to Falklands’ conflict dead and reaffirms Islanders right to self determination
UK Prime Minister David Cameron has paid his own personal tribute to the 255 soldiers, sailors and airmen who gave their lives to liberate the Falkland Islands. Making his first visit to the national Armed Forces Memorial as Prime Minister, Cameron also reaffirmed his commitment to defend the Falkland Islanders' right to self-determination.
Almost 19 million urban Brazilians live with no access to drinking water of sewage
Almost 19 million Brazilians live in precarious housing with no running water, sewage or any basic public services, according to a report on urban infrastructure by the Brazilian Geography and Statistics Institute, IBGE.
Paraguay proposes India long-term plan to exchange food for investments and technology
Paraguayan president Fernando Lugo currently visiting India proposed an exchange of food for investment and technology. Lugo was received by President Pratibha Patil and later by Prime Minister Manmohan Singh.
