Stories for February 14th 2013
Fitch Ratings downgrades Argentina and Venezuela prospects for 2013
Fitch ratings has lowered Argentina, Venezuela and El Salvador credit and growth prospects to negative, while for the rest of Latinamerica the situation remains stable, according to a seminar in Frankfort, on “Latinamerica opportunities and challenges”.
IMF praises Venezuelan devaluation, but LechugaVerde/Bolivar gap close to 300%
The International Monetary Fund, IMF, praised Venezuela for the recent devaluation of its currency saying it is a positive attempt to reduce macroeconomic misbalances but also called on the government of President Hugo Chavez to continue eliminating the exchange rate distortions.
Beijing's pollution alarms neighbours
The good news for the Chinese leadership is that their fiscal policies have paid off, producing both the world's second largest economy and the globe's leading creditor nation in less than a generation.
Paraguay looking ahead to a promising year for beef exports and cattle ranching
Abattoirs in Paraguay during January slaughtered 73% more cattle than a year ago indicating strong demand both from overseas and local markets, but also the end of restrictions because of the foot and mouth disease outbreaks that last year knocked out the land locked country from foreign markets.
Pod of pilot whales found dead after stranding in the east coast of the Falklands
Falklands Conservation confirmed the stranding of long-finned pilot whales including the death of 22 adults on the east coast of East Falkland at Pleasand Roads, half way between Stanley and Mare Harbour.
Witnesses of Argentina’ major train accident fear for their lives
Argentina’s Security Secretary Sergio Berni admitted that the sudden murder of Leonardo Andrada, a key witness in last year’s major rail tragedy investigation, was “suspicious.”
Standing ovation in Washington for youth orchestra from Uruguay
A Youth Orchestra from Uruguay which performed in the Hall of the Americas at the headquarters of the Organization of American States (OAS) in Washington DC received a standing ovation.
UK will block IADB and World bank loans to Argentina because of financial ‘misconduct’
UK joined the group of countries that vote against granting multilateral organizations’ loans to Argentina as a form of protesting the mistrust generated by the government of President Cristina Fernandez recurrent international misconduct, reports the Buenos Aires media.
Argentina’s January inflation, 2.58%, highest in 22 months according to private estimates
Argentina’s inflation last January was the highest in twenty two months, 2.58%, according to the average of private estimates which are banned from making public their findings, but which are released by the Congressional Freedom of Expression Committee.
New York court agrees to hear bank that supports Argentina in debt restructure case
A New York federal appeals court has agreed to hear from more parties potentially affected by its review of a decision requiring Argentina to pay 1.33 billion dollars to bondholders who did not participate in two debt restructurings.
