Economy Nobel Prize Joseph Stiglitz, a fierce critic of the International Monetary Fund said that this time the fund's experts have it right in their assessment of the current global financial and credit crisis, which many economists however consider as to harsh and pessimistic.
Chile's central bank, under pressure from Congress and exporters to weaken the peso, announced Thursday it will buy 8 billion US dollars in currency markets this year to increase reserves and in response to the sharp appreciation against the dollar.
For the first time Brazilian authorities admitted that the dengue epidemic in Brazil is having a serious impact on the tourist industry, particularly in Rio do Janeiro where bookings have been plummeting.
The Olympic torch arrived Thursday afternoon to Argentina and on Friday will be relayed thirteen kilometers through downtown Buenos Aires with a massive display of security forces to ensure there's no repeat of the anti China incidents that have occurred in Europe and United States.
Headlines: 'He's behind you!'; Blind Dave's on target for London; Local companies object to loligo fee rise; Steady cruise ship rise continues; FPV Protegat on the way.
When a Suffolk couple embarked on a South America and Falkland Islands holiday the last thing they expected was to discover a piece of Lowestoft's maritime history, according to a piece published in The Lowestoft Journal, from Lowestoft, England.
Brazil's Minister of Defence Nelson Jobim announced visits to neighboring countries to promote the Brazilian initiative for a South American Defence Council. Addressing the Defence and Foreign Affairs committees of the Brazilian Congress Mr. Jobim said next Monday he would be traveling to Venezuela, Surinam and Guyana the first leg of the regional tour.
With food riots reported across the globe from the Philippines to Haiti, the United Nations agricultural agency warned Friday that the cereal import bill of the world's poorest countries is forecast to rise by over 50% in the current fiscal year.
Rice prices are set to keep rising as demand is outstripping production according to the Philippines-based International Rice Research Institute (IRRI). In its Rice Today publication IRRI calls for more research on how to increase rice productivity and face the rice prices crisis.
Argentine farmers' leaders described the long awaited Friday meeting with President Cristina Fernandez de Kirchner to discuss camp policies, particularly taxes, as positive and praised the sincere and dialogue spirit of the three hours discussions held at Government House, Casa Rosada.