Stories for December 11th 2012

Tuesday, December 11th 2012 - 21:33 UTC

Capital controls debate resurfaces as IMF admits temporary measures to prevent asset bubbles

Paulo Nogueira Batista says IMF has not gone far enough

IMF Managing Director Christine Lagarde on a five day tour of Latin America is expected to outline the lender’s reversal of its decades-old opposition to capital controls, even as Brazil says the new position doesn’t go far enough.

Tuesday, December 11th 2012 - 21:27 UTC

Berlusconi begins campaign and challenges: “who cares about the spread?”

Il Cavaliere is back is back and accused PM Monti of being ‘too German centric’

Italy's Silvio Berlusconi on Tuesday set the tone for his election campaign saying nobody should care about bond spreads, and accused Mario Monti of being too “German-centric”.

Tuesday, December 11th 2012 - 19:04 UTC

Atypical BSE case detected among grass fed cattle in south Brazil

With a sample confirmed in a UK lab, Brazil immediately reported the case to the OIE

A scientific commission from the World Organization for Animal Health, OIE, will commence in February to study the case of atypical Bovine Spongiform Encephalopathy, BSE, reported in the south of Brazil among a herd of animals fed on grassland.

Tuesday, December 11th 2012 - 18:29 UTC

Paraguayan opposition nominates candidate for April 2013 presidential election

Horacio Cartes is a newcomer to the party but his family has long supported the Colorados

Banker and tobacco businessman Horacio Cartes will be the presidential candidate of Paraguay’s main opposition party, Colorado, for the April 2013 elections having won last Sunday the primary election with almost 60% of the vote.

Tuesday, December 11th 2012 - 18:20 UTC

EU parliament prepares to approve trade accords with Central America, Peru and Colombia

 De Gucht said the accords will contribute to the recovery of the EU economy

Spanish members of the European parliament and Trade Commissioner Karel De Gucht called on Tuesday on the full house to ratify the association agreement of the EU with Central America, and the EU free trade agreement with Colombia and Peru.

Tuesday, December 11th 2012 - 18:15 UTC

Lagarde praises the Colombian economy and its potential support for IMF

The country is enjoying an enviable macro-economic policy with sound stability, admitted the IMF chief

The IMF Managing Director Christine Lagarde praised Colombia as a member with the capacity to support the multilateral organization with “funds” and “services”, something which in the past was not possible. Lagarde made the comments after meeting with Colombian president Juan Manuel Santos in Bogotá where she underlined the “magnificent moment” of the Andean country’s economy.

Tuesday, December 11th 2012 - 16:27 UTC

The Economist and President Rousseff clash over ‘Brazil cost’ and Mantega

If Dilma wants a second term she should get a new economic team, suggests The Economist

President Dilma Rousseff reiterated she wouldn’t be influenced by The Economist magazine’s call for her to oust Finance Minister Guido Mantega after a growth report that fell short of government forecasts.

Tuesday, December 11th 2012 - 13:15 UTC

St Helena insists with close business links with the Falkland Islands

Julian Morris, now Executive Officer of Economic Development on St Helena: “the airport is going to be St Helena’s 1982” (Photo: PN)

Former Managing Director of the Falkland Island Development Corporation, Julian Morris, now Executive Officer of Economic Development on St Helena, has been caught up in a tight schedule of meetings during his visit over the past week, to encourage Falklands’ business investment in St Helena.

Tuesday, December 11th 2012 - 06:05 UTC

Supreme Court unanimously rejects Cristina Fernandez ‘extraordinary appeal’

The seven Judges said a procedural error was committed in the filing of the request

The Argentine Supreme Court unanimously rejected on Monday the ‘per saltum’ filed by President Cristina Fernandez administration against the extension of the injunction decided by a federal court last week and which benefits the Clarin media group.

Tuesday, December 11th 2012 - 06:01 UTC

Ecuador does not discard asylum for Syrian president Bashsar al Asad

President Correa has openly supported the Syrian regime as he did previously with Libya’s Khadafi

Ecuadorean president Rafael Correa does not discard granting political asylum to Syrian president Bahsar al Asad and confirmed that a diplomatic envoy from that government recently visited Quito, according to an interview with the Brazilian media.

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