Stories for July 2009

Tuesday, July 14th 2009 - 11:06 UTC
Brazilian head of Senate Sarney requests investigation into his accounts

The head of the Brazilian senate and former president (1985/1990), Jose Sarney said he would formally request the Attorney General’s office to investigate the existence of an alleged secret bank account overseas under his name.
Tuesday, July 14th 2009 - 11:01 UTC
Argentine corporations expect US dollar to reach 4.30/4.50 pesos in 12 months

A majority of Argentine entrepreneurs believes the local currency will suffer a significant depreciation against the US dollar in the next twelve months according to a poll among 137 leading corporations.
Tuesday, July 14th 2009 - 10:30 UTC
Bachelet denies any US “pink slip” for Insulza as OAS chief

Chilean president Michelle Bachelet denied Monday having discussed with US Secretary of State Hillary Clinton about the situation of Jose Miguel Insulza, Secretary General of the Organization of American States, OAS.
Tuesday, July 14th 2009 - 10:22 UTC
Remittance flows to developing countries forecasted to drop 7.3% in 2009

Remittance flows to developing countries are expected to be 304 billion US dollars in 2009, down from an estimated 328 billion in 2008, said the World Bank Monday, releasing a new migration and remittances brief to coincide with an International Diaspora and Development Conference running from July 13-14.
Tuesday, July 14th 2009 - 10:19 UTC
WTO blasts protectionism and warns global crisis is far from over

Warning that the global economic crisis is far from over, World Trade Organization Director-General Pascal Lamy said Monday that protectionism is not the answer to tackling the turmoil.
Tuesday, July 14th 2009 - 07:01 UTC
India joins the exclusive club of nuclear powered submarines

As part of a major project India is going to place its first domestically produced nuclear powered submarine to sea by mid-August and according to experts, this success will raise the status of Indian technology plus becoming a member of the exclusive club of nations with such submersibles, according to reports in the Indian press.
Tuesday, July 14th 2009 - 02:41 UTC
Argentina requests Non-Aligned Movement observer status

The Non-Aligned Movement (NAM) countries will consider the admission of Argentina and the World Peace Council (WPC) as observers during the XVth. conference and triennial summit in Sharm el-Sheikh, according to a press release distributed by the summit secretariat Sunday.
Tuesday, July 14th 2009 - 02:15 UTC
Speculation about US thumbs down to Insulza’s OAS re-election

Chilean media reported this weekend that US Secretary of State Hillary Clinton has twice stated to Chile’s government that the US will not support the re-election in 2010 of Chile’s José Miguel Insulza to head the Organization of American States (OAS).
Monday, July 13th 2009 - 12:17 UTC
Pressure mounting for the ousting of Lula da Silva’s crucial Senate ally

Fresh reports of alleged fraud and embezzlement by Brazil Senate president Jose Sarney proliferated in Brazil's weekend press fuelling an ongoing Senate ethics scandal plus renewing pressure for Sarney to resign.
Monday, July 13th 2009 - 12:16 UTC
Argentine farmers and industry accept dialogue, but also want “deep changes”

Argentine president Cristina Fernandez de Kirchner’s call to a dialogue with all sectors and “on all issues” received a positive response from farmers and manufactures, but they also requested “deep changes” following the government’s defeat on June 28th mid term election.