Politics

Politics
Wednesday, October 8th 2014 - 22:23 UTC

Australia's capital Canberra, the best place in the world to live, says OECD

If Sydney is brash and bold, and Melbourne is cool and classy, then Canberra, at least in the Australian public imagination, is dull and devoid of soul.

The Australian Capital Territory of Canberra in Australia is the best place in the world to live, according to a report by the Organization for Economic Cooperation and Development (OECD). Canberra led the regional ranking while Australia topped the overall country rankings, followed by Norway.

Wednesday, October 8th 2014 - 21:46 UTC

OAS Observers mission to Peru recommends unifying electoral legislation

The primary report from Abreu underlines the orderly way in which Peruvians went to the voting booths on Sunday

The head of the OAS Electoral Observation Mission in Peru, Uruguayan Senator Sergio Abreu underlined the orderly way in which Peruvians went to vote on Sunday's regional and municipal elections, this despite some regrettable episodes of violence in the pre-election phase, Election Day at some polling stations, and at the conclusion of voting in some departments.

Wednesday, October 8th 2014 - 08:38 UTC

Brazilian pollsters missed percentages but 'confirmed tendencies'

The main pollster anticipated 46% for Dilma, 27% for Neves and 24% for Marina; final results were: 41.5%; 33.35% and 21%

Although pollsters in Brazil got it right with President Dilma Rousseff victory and the growth tendency of runner up Aecio Neves in the last days leading to Sunday's presidential election, they failed dismally in percentage estimates.

Wednesday, October 8th 2014 - 08:24 UTC

Uruguay presidential race to be decided in runoff in November seems confirmed by latest poll

Former president Vazquez has 42% vote intention and Lacalle Pou, 32%

A run off in November to elect Uruguay's president seems most certain because none of the two leading candidates will manage a majority in the first round on 26 October, according to the latest public opinion poll.

Wednesday, October 8th 2014 - 08:16 UTC

Whoever wins Uruguayan election, no major changes in policy, says US bank

The bank reveals a downturn in construction and manufacturing

Under the heading of “Emerging markets prospects and strategy” the US bank group JPMorgan-Chase states that no matter who wins in Uruguay's 26 October presidential election, “we do not expect significant changes in the framework of current policy”.

Wednesday, October 8th 2014 - 07:54 UTC

IMF keeps Uruguay's growth estimate for this year, but lowers 2015

As to the jobs market the IMF kept previous estimates unchanged with unemployment 6.8% this year and 6.9% in 2015

The International Monetary Fund kept Uruguay's growth estimate for this year at 2.8% but lowered the forecast for 2015 to 2.8% from 3%, according to the latest World Economic Outlook. Last year the Uruguayan economy expanded 4% and the government's target for this year is 3%.

Wednesday, October 8th 2014 - 07:51 UTC

Argentina needs an “urgent change of course” and better relations with financial markets

“Humbly speaking if I was in Argentina's shoes, that would be my priority”, said economist De la Torre .

The Argentine economy needs an urgent change of course which would have the effect of reestablishing normal relations with the financial market, a crucial step to open a maneuvering space in an ever more complex environment, suggested Augusto de la Torre, World Bank chief economist for Latin America.

Wednesday, October 8th 2014 - 04:05 UTC

World Bank: end of boom doesn’t have to mean a bust for the poor in Latin America

During the golden years Latam was able to cut extreme poverty by half to 12%,  and double the ranks of the middle class to 34% of the population in 2012

During the recent commodity boom, Latin America and the Caribbean proved that growth could be pro-poor and help fuel tremendous social progress. Now as growth slows regionally and beyond, it is critical to consider what will shore up economic activity while ensuring the poor won't stay behind.

Wednesday, October 8th 2014 - 03:50 UTC

Brazilian and Chinese banks support for Argentina in bonds litigation confirmed

The Dilma Rousseff administration seeks “maximum discretion” for this operation while keeping the Argentine government informed, Garcia admitted

Brazil’s PTG Pactual Bank and the China Construction Bank are at the forefront of the initiative to buy up the 1.6 billion dollars of debt which Argentina owes “holdouts” NML-Elliott and Aurelius, according to a report from Buenos Aires Ambito Financiero, the country's leading financial newspaper.

Wednesday, October 8th 2014 - 03:46 UTC

World Bank supports Argentina, favors institutional frame for 'holdouts'

“I welcome Argentina’s initiative in the UN and every way in which these problems can be solved”, said economist Augusto De la Torre

World Bank Chief Economist for Latin America and the Caribbean Augusto De la Torre has said the ongoing conflict between Argentina and holdout creditors is due to the “lack of international debt regulation frames”, and favored Argentina's initiative in the UN to “solve the situation.”

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