Stories for September 2009

Sunday, September 27th 2009 - 18:31 UTC
South American leaders sign agreement creating South Bank

The presidents of Argentina, Brazil, Paraguay, Uruguay, Ecuador, Bolivia and Venezuela, signed on Saturday night an agreement establishing the South Bank with an initial capital of 20 billion U.S. dollars.
Saturday, September 26th 2009 - 12:44 UTC
G20 summit announces “tough new regulations” but short of specific rules

The world's leading nations have agreed “tough new regulations” to prevent another global financial crisis, US President Barack Obama said on Friday. These relate to the amount of money banks have to hold in reserve and to excessive pay for bankers.
Saturday, September 26th 2009 - 12:34 UTC
Argentina holds first meeting with Club of Paris

Argentina’s Economy Minister Amado Boudou met Friday with his French counterpart, Christine Lagarde, during the G-20 summit, in order to advance in the Club of Paris negotiations over Argentina's debt, one of the government's priorities.
Saturday, September 26th 2009 - 12:31 UTC
Security Council calls on Honduras to stop harassing the Brazilian embassy

The United Nations Security Council held an emergency meeting on the situation in the Brazilian Embassy in Honduras, where ousted Honduran President Manuel Zelaya has been sheltering since Monday. The council condemned acts of intimidation and called on the de-facto Honduran authorities to stop harassing the embassy.
Saturday, September 26th 2009 - 06:45 UTC
US Congress report argues Zelaya’s ousting was “legal and constitutional”

A report from the US Library of Congress legal branch released this week concluded that the ousting of elected Honduran president Manuel Zelaya was “legal and constitutional”.
Saturday, September 26th 2009 - 06:42 UTC
Itaipú agreement remains stalled; Lula da Silva blames Congress

The coming electoral year makes it difficult for the Brazilian congress to approve in the short term the agreement reached with Paraguay referred to the surplus energy from the world’s largest operational hydroelectric dam Itaipú, signed last July by presidents Lula da Silva and Fernando Lugo.
Saturday, September 26th 2009 - 06:25 UTC
Paraguayan economy contracts for second quarter running

Mercosur junior member Paraguay’s economy again plunged in the second quarter of this year, 4.3%, compared to a year ago, almost the same percentage contraction as in the first quarter, 4.2%, according to the latest release from the country’s Central Bank.
Saturday, September 26th 2009 - 02:27 UTC
Iceland planning to export 1.500 tons of whale meat to Japan

The company behind Iceland's fin whaling industry is planning a huge export of whale meat to Japan. This summer, Hvalur hf caught 125 fins - a huge expansion on previous years.
Saturday, September 26th 2009 - 00:28 UTC
Uruguayan economy becoming growingly Brazil dependent

Brazil has become Uruguay’s main trade partner and investor having taken over vital spaces of the country’s economy in its most dynamic sectors, according to different reports that have surfaced during the campaign for next month’s presidential election.
Friday, September 25th 2009 - 23:42 UTC
Argentina, Chile and Uruguay lead broadband use in South America

A recent survey by the Cisco Latin America Broadband Barometer showed that Chile has the highest percentage of broadband Internet connections in South America. The study found that 9.7% of Chile’s population has access to broadband.