Stories for July 28th 2012
Argentine grains futures market in shock: government wants operations in Pesos
Argentina could require that grains futures be listed in the local Peso currency the head of the central bank said on Friday, a move that traders said would paralyze markets in the leading global food supplier.
Pluna’s seven Bombardiers to be auctioned next 3 September says government
The Uruguayan government announced it will auction next 3 September the seven Bombardier aircraft from the collapsed flag air-carrier Pluna, which was definitively grounded last July 5, announced Public Works and Transport minister Enrique Pintado.
US Justice and securities regulators probing credit-rating agency S&P
The US Department of Justice and securities regulators are probing potential violations by credit-rating agency Standard & Poor's in connection with its ratings of structured products, the company said this week.
Argentine government takes control of oil and gas industry planning
The Argentine government announced the creation of an oil planning commission that will set national energy goals and have the power to review private companies’ investment plans.
“The Olympic Games are coming home tonight,” IOC President Jacques Rogge
Britain's Queen Elizabeth declared the London Olympics open after playing a cameo role in a dizzying ceremony designed to highlight the grandeur and eccentricities of the nation that invented modern sport.
Cuba says dead dissident’s car ignored signals and was speeding when it crashed
A Spanish politician was to blame for a car crash that killed two Cuban dissidents, including Oswaldo Paya, Cuba said on Friday in a report on an accident that has raised suspicions among opposition activists and some foreign governments.
Mexican regulators impose highest fine ever on HSBC for money-laundering
Mexican regulators have imposed a fine of 27.5 million dollars on banking giant HSBC for its failure to comply with money-laundering regulations.
Despite profits in Brazil, Santander bank profits halved following write-downs
Profits at Spanish banking giant Santander have halved after it made more write-downs against unrecoverable loans secured against property. The bank, which is the Euro zone biggest, said first-half profits halved to 1.7bn Euros in the six months to the end of June.
Mujica forecasts Venezuela will rapidly become Uruguay’s third trade partner
Uruguayan president Jose Mujica strongly defended the incorporation of Venezuela to Mercosur and forecasted that in a short time the country will become Uruguay’s third trade associate, behind China and Brazil.
Rousseff pledges to tackle the “Brazil cost” with new stimulus package
Brazilian President Dilma Rousseff said on Friday her government will unveil more measures to stimulate the economy in the next few months, including investments in ports, airports, railroads and highways.
