Stories for February 14th 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”.
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.
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.
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.
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.
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.”
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 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 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.
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.