Stories for September 19th 2012

Wednesday, September 19th 2012 - 21:15 UTC

Don’t wait for the end of the EU crisis: boost trade among emerging economies, recommends Brazil

Mantega forecasts the EU situation will drag for another three/four years because lack of leadership

Brazilian finance minister Guido Mantega said that resolving Europe’s economic problems are likely to drag out over coming years due to a complex and slow process of decision-making in the region and recommended emerging economies to promote domestic consumption and trade among them.

Wednesday, September 19th 2012 - 21:07 UTC

Spain has not invited Paraguay to the Ibero-American summit confirms Asunción

Minister Fernandez Estigarribia: the tide of countries understanding our situation is turning on our favour

Spain has not invited Paraguay to the Ibero-American summit in Cadiz scheduled for next November confirmed Paraguayan Foreign minister Jose Felix Fernandez Estigarribia, who also admitted that the number of countries ‘disgusted’ with the new administration of President Federico Franco has diminished considerably.

Wednesday, September 19th 2012 - 10:03 UTC

Falklands’ badminton team off to the Brazilian International Cup

The badminton team in Stanley (Photo: Penguin News)

A team of four are currently emerged in a training camp preparing for competition in Sao Paulo next week.

Wednesday, September 19th 2012 - 06:22 UTC

Argentina Paypal-users activities limited to international payments

The US dollar an ever more scarce asset in Argentina

Paypal is to prevent users in Argentina from transferring money between their own accounts. The online payment service said that from 9 October: “Argentina resident Paypal-users may only send and receive international payments.”

Wednesday, September 19th 2012 - 06:12 UTC

Bad debts held by Spanish banks reach 169bn Euros or 10% of total loans

Deputy PM Soraya Saenz de Santamaria: rescue or no rescue, that is the question

The value of bad debts held by Spain's banks in July rose to 169.3bn Euros, according to latest figures from the central bank. The Bank of Spain said 9.9% of banks' total loans were in arrears, up from 9.4% a month before.

Wednesday, September 19th 2012 - 06:10 UTC

Leading political figure of Spain’s contemporary history dies

Santiago Carrillo involved in politics to the last of his 97 years

Veteran Communist leader Santiago Carrillo, Spain's last surviving public figure to have taken an active part in the civil war and the reinstatement of democracy has died at age 97, sources close to the family said.

Wednesday, September 19th 2012 - 06:05 UTC

Argentine economy to expand 1% this year, according to private estimates

The dollar clamp has virtually frozen the real estate and housing markets

The Argentine economy is expected to grow 1% this year with manufacturing activity virtually stagnant, according to the head of a leading economic consultancy agency in Buenos Aires who nevertheless admits that the government stats “will probably show a better performance”.

Wednesday, September 19th 2012 - 06:00 UTC

Iran requests meeting with Argentina at the coming UN General Assembly

Foreign minister Timerman is scheduled to meet his Iranian peer Ali Akbar Salehi

Iran's Foreign Minister Ali Akbar Salehi formally requested his Argentine counterpart Héctor Timerman for a meeting to be held next week at the United Nations General Assembly, the Ministry reported.

Wednesday, September 19th 2012 - 05:55 UTC

IMF, World Bank annual meetings return to South America after 48 years

The joint events will be held in Lima, Peru

The 2015 Annual Meetings of the World Bank Group and the International Monetary Fund will take place in Lima, Peru, in October 2015, following a vote by the Boards of Governors of the two institutions.

Wednesday, September 19th 2012 - 05:51 UTC

IMF calls on Argentina to implement measures on the quality of official data

Managing Director Christine Lagarde will again report to the issue December 17

The International Monetary Fund announced on Tuesday that it “regretted the lack of sufficient progress” with Argentina to address the quality of the official data reported by the country and urged it to come up with a response to the organization’s concerns by December 17th.

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