Stories for July 2009

Wednesday, July 22nd 2009 - 21:57 UTC
Trade in local currencies instead of US dollar, Mercosur proposal

Mercosur presidents will consider this week during the summit in Paraguay, the possibility of using local currencies to finance inter-region trade, revealed the host country’s president Fernando Lugo.
Wednesday, July 22nd 2009 - 21:53 UTC
Nestor Kirchner, “a complicated character” who is “out of control”

Former Argentine president Nestor Kirchner is “out of control”, he has a “complicated personality”, said Chubut province governor Mario Das Neves, once an ally but now clearly distanced from the husband of President Cristina Fernandez de Kirchner.
Wednesday, July 22nd 2009 - 13:51 UTC
Expelled Venezuelan diplomats challenge Honduras de facto government

Venezuelan diplomats rejected comminatory orders to abandon Honduras in 72 hours saying their expulsion was decided by an illegitimate government which is not recognized by the administration of President Hugo Chavez.
Wednesday, July 22nd 2009 - 13:45 UTC
Argentina implements changes in the Statistics agency

Argentina's Economy ministry will have increased control over the national statistics and census agency, Indec, announced on Tuesday the government in a bid to restore credibility to the country's consumer price data.
Wednesday, July 22nd 2009 - 13:38 UTC
Pensions for Argentine members of failed attempt to capture the Falklands in 1966

The Peronist government of the Argentine province of Buenos Aires will grant a special pension to the nationalist group of 18 civilians who in 1966 took command of a commercial flight to Rio Gallegos and had it re-routed to the Falkland Islands with the purpose of taking over the Malvinas for Argentina.
Wednesday, July 22nd 2009 - 09:17 UTC
The Fed’s Exit Strategy

In anticipation of his Semiannual Monetary Policy Report to the United States Congress on July 21st, Federal Reserve Chairman Ben S. Bernanke wrote a column which basically is a synthesis of his presentation before the Committee on Financial Services from the US House of Representatives.
Wednesday, July 22nd 2009 - 08:31 UTC
Growing number of Chileans opting for domestic tourism

Given current health and budget concerns, fewer Chileans are travelling abroad these days. Domestic tourism, however, continues to be a booming internal industry.
Wednesday, July 22nd 2009 - 08:28 UTC
Brazil tells Hillary of dissatisfaction with Arias mediation in Honduras crisis

Brazilian Foreign Affairs Minister Celso Amorim phoned last weekend US Secretary of State Hillary Clinton, who was in New Delhi, India, to “express concern” about the slow pace and handling of the negotiations for the reinstatement of the democratic order in Honduras, reports Folha do Sao Paulo.
Wednesday, July 22nd 2009 - 08:25 UTC
Nicaraguan opposition condemns President Ortega’s re-election appeal

Nicaraguan opposition members in Congress condemned this week a public appeal for constitutional changes by President Daniel Ortega as an attempt to extend term limits and eventually allow the populist leader's re-election.
Wednesday, July 22nd 2009 - 07:18 UTC
Uruguay rejects proposal to grant Mercosur more powers

Uruguay will reject a Brazilian proposal to create a Mercosur High Court of Justice and grant more powers to the regional parliament when the Mercosur summit meets next Thursday and Friday in Paraguay. Uruguay also anticipated it would make a strong claim regarding the trade barriers imposed by Mercosur senior members, Argentina and Brazil.