Stories for 2009

Thursday, November 19th 2009 - 13:20 UTC
Brazil unveils tax on ADR to help contain appreciation of the Real

Brazil took another step on Wednesday aimed at containing the appreciation of its currency, unveiling a 1.5% tax on certain trades involving American Depository Receipts, ADR, issued by Brazilian companies. Finance minister Guido Mantega said the tax will be charged when foreign investors convert ADRs for Brazilian companies into receipts for shares issued locally.
Thursday, November 19th 2009 - 13:18 UTC
Argentine Senate reopens debt restructuring process for bond holdouts

Argentina’s Senate passed a bill on Wednesday with a significant majority to reopen the country's 2005 debt restructuring. The administration of President Cristina Fernandez de Kirchner hopes it will help it settle a dispute with holders of an estimated 20 billion US dollars in defaulted bonds.
Thursday, November 19th 2009 - 13:08 UTC
BG Group plans to invest 20 billion USD to develop oil and gas in Brazil

The president of British Gas Group in Brazil, Nelson Silva said this week that the company plans to invest 20 billion US dollars in the country until 2020.
Thursday, November 19th 2009 - 06:44 UTC
“Passion mousse” (containing Viagra) an instant success in gastronomy fair

A dessert under the name of “Passion mousse made out of Viagra and Mburucuyá (Passion flower) fruit, the inspiration of four gastronomy students has been the great success at Bogotá, Colombia, national Gastronomy Fair which closed this week.
Thursday, November 19th 2009 - 06:38 UTC
Brazilian economy overcomes recession and expands at “Chinese rates”

Brazilian president Lula da Silva stated that Latinamerica’s largest economy not only has left the global crisis behind, but also in the third quarter has expanded at a “Chinese rate”, close to 9%.
Thursday, November 19th 2009 - 06:05 UTC
Desalinization plant in north Chile to support iron mining

CAP, one of Chile's largest mining companies, announced plans this week to construct a 250 million US dollars desalinization plant to provide water for its iron mining operations in Chile’s northern Atacama area (Region III).
Thursday, November 19th 2009 - 05:42 UTC
Israeli president Peres predicts the fall of Chavez and Ahmadinejad

Israel President Shimon Peres predicted on his last day tour of Argentina and Brazil that the people of Venezuela and Iran will make their leaders disappear before too long. Speaking at a forum in Buenos Aires, Peres said both Hugo Chavez and Mahmoud Ahmadinejad have gone crazy over oil, which he said is not bad to sell but “really dangerous if you swallow it.”
Thursday, November 19th 2009 - 04:49 UTC
Argentina regulates individual catch quota fisheries law effective 2010

Argentina announced this week the regulation of the Fisheries Law that allows for 15 years individual transferable catch quotas (ITQs) of common hake (Merluccius hubbsi) which is to become effective in 2010. The new system is also applicable to other three species: hoki (Macruronus magellanicus), Patagonian toothfish (Dissostichus eleginoides) and southern blue whiting (Micromesistius australis).
Wednesday, November 18th 2009 - 14:22 UTC
Honduran Congress will not vote on Zelaya until after the elections

Congress in Honduras will not vote on whether to restore ousted President Manuel Zelaya until after elections this month, a senior lawmaker said.
Wednesday, November 18th 2009 - 14:13 UTC
The Mujica couple, if confirmed, promise an “austere and sober” government

Senator Lucia Topolansky, who would become Uruguay’s First Lady if her husband and incumbent presidential candidate Jose Mujica is confirmed in the run-off on November 29th promises to keep to an “austere and sober” style of government.