Stories for August 15th 2012
Uruguay's central bank unveiled measures on Wednesday aimed at cooling the local Peso's appreciation by discouraging foreign investment in the bank's short-term debt. To combat the Peso's rise, officials ordered that 40% of new foreign capital invested in central bank bills be frozen in an account at the central bank.
The World Health Organization (WHO) said on Wednesday it strongly welcomes the landmark decision from Australia’s High Court to dismiss a legal challenge from the tobacco industry, and calls on the rest of the world to follow Australia’s tough stance on tobacco marketing.
Buenos Aires is once again throbing to the rhythm of tango as this year’s Buenos Aires Tango Festival and Tango Dance World Cup gets underway here attracting over 2.000 musicians and dancers from around the world.
Unasur ratified on Tuesday Paraguay’s suspension from the block at a meeting of the so called High Level Group in Lima, Peru which assessed the situation of the landlocked country.
Argentine President Cristina Fernández said on Tuesday that there has always been “clashes and discussions” between companies and their workers but called on both parties to be “rational enough since they need each other in order to avoid collapsing, something we all experienced during the 2002 crisis.”
Uruguayan president Jose Mujica approval plummeted to 39% in July, the lowest since taking office among other reasons for his plan to de-criminalize marihuana and his handling of the controversy with Argentina, according to the latest public opinion poll made public this week.
Since the world’s eyes were on the Falklands during the 30th Anniversary Commemorations for the 1982 Conflict, life in the Islands has returned to normality and despite a population of approximately only 3,000, residents activities are far from quiet and enjoy very enjoyable.
Paraguayan president Federico Franco called for moderation and time from members of Congress when they begin considering Venezuela’s request to become a full member of Mercosur, since the issue needs of “a good in depth analysis and no hasty decision”.
Relations with Chile are an example of the fabulous transformation of regional politics in the last three decades, said Argentine Defence minister Arturo Puricelli during a conference at the Chilean military school.
Standard Chartered has agreed a 340 million dollars settlement with New York regulators that accused it of hiding 250bn of transactions with Iran. The hearing that had been scheduled for Wednesday has now been adjourned.