Stories for 2013

Sunday, June 16th 2013 - 16:56 UTC

Controversial media law approved in Ecuador conditions freedom of the press

President Correa has brought stability to Ecuador but loathes criticism

Creating official media overseers, imposing sanctions for smearing “people's good name” and limiting private media to one third of radio and TV licenses, Ecuador's congress on Friday passed a restrictive new media law championed by President Rafael Correa.

Sunday, June 16th 2013 - 15:39 UTC

”Venezuela is not part of Mercosur; it was not ratified by Paraguayan congress”

Venezuela is not part of Mercosur; it was not ratified by Paraguayan congress”

Venezuela “is not part of Mercosur, it was not ratified by the Paraguayan congress” according to one of the main foreign policy advisors of president elect Horacio Cartes who is scheduled to take office next August 15. Meanwhile Paraguay continues to advance it its intention of belonging to the Alliance of the Pacific.

Sunday, June 16th 2013 - 14:39 UTC

Booing down of President Rousseff reflects growing dissatisfaction with the economy

FIFA’s Blatter and an ill-humored President Rousseff trying to address the crowd

Inflation, slower growth, street protests over the increase in bus fares smacked full on at an ill-humoured Brazilian president Dilma Rousseff during the opening ceremony of the Confederations Cup in Brasilia when she was booed down three times and simply had to declare the event open.

Sunday, June 16th 2013 - 13:55 UTC

IMF calls for ‘timely’ unwinding of US stimuli program fearing markets’ volatility

Ben Bernanke will be chairing a crucial meeting of the FOMC this week

The International Monetary Fund cautioned on the possible risks of the United States ‘non timely’ unwinding of the stimuli program implemented by the Federal Reserve and the collateral effects that such a policy could have on emerging economies, as those in Latinamerica.

Sunday, June 16th 2013 - 13:40 UTC

US recovery ‘more durable’ but must restore ‘long run fiscal sustainability’ says IMF

Ms Lagarde recommends slowing down fiscal adjustment this year, but hurrying planning for long-term fiscal sustainability

United States could spur growth by adopting a more balanced and gradual pace of fiscal consolidation, especially at a time when monetary policy has limited room to support the recovery further, the International Monetary Fund said after wrapping up its annual review of the world’s largest economy.

Sunday, June 16th 2013 - 13:33 UTC

Redesigned 100 dollar note begins circulation next 8 October, says Fed

The new design incorporates additional security features

The Federal Reserve Board on Wednesday announced that the redesigned 100 dollar note will begin circulating on 8 October 2013. This note, which incorporates new security features such as a blue, 3-D security ribbon, will be easier for the public to authenticate but more difficult for counterfeiters to replicate.

Sunday, June 16th 2013 - 10:31 UTC

Falklands: Irish lawmakers support UN Resolution 2065 and dismiss recent referendum

Guillermo Carmona and Senator Filmus next to Irish president Michael Higgins

Irish lawmakers expressed support for the compliance of UN Resolution 2065 which acknowledges the Argentine/UK Falkland Islands dispute and dismissed any International law consequences from the recent referendum held in the Falkland Islands ratifying British sovereignty, according to Argentine legislators that were received at the parliament in Dublin.

Saturday, June 15th 2013 - 13:56 UTC

Falklands: “British sovereignty over the Islands as such, is not accepted by the European Parliament”

MEP Yañez Barnuevo (Spain), head of the EU Commission for relations with Mercosur countries

“British sovereignty over the Malvinas Islands as such is not accepted by the European Parliament”, according to a visiting delegation of EU lawmakers who met with their Argentine peers in Buenos Aires.

Saturday, June 15th 2013 - 04:10 UTC

Simultaneous raids in Argentina, Chile and Uruguay after links between football transfers and money laundering

Argentine Judge Norberto Oyarbide is coordinating the mega-operation in three countries

An estimated 150 search warrants were simultaneously implemented in Argentina, Uruguay and Chile in financial institutions, football clubs and players’ representatives looking for evidence on an organization dedicated to money laundering through the sale of soccer players.

Saturday, June 15th 2013 - 04:06 UTC

Greeks and Spaniards move north in growing numbers looking for jobs, says OECD

“This is a brain-drain which has long-term consequences,” Gurria said.

Greeks and Spaniards are moving to northern Europe in growing numbers, the Organization for Economic Cooperation and Development (OECD) said this week, as soaring unemployment rates and fiscal austerity erode living standards in the south.

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