Stories for January 2010

Wednesday, January 13th 2010 - 08:41 UTC
Mujica in Argentina to discuss agenda of “mutual interest issues”

Uruguayan president elect Jose Mujica travelled Tuesday to Buenos Aires to hold a meeting with her Argentine peer Cristina Fernandez de Kirchner and other officials, confirming his promise that “we need a healthy and strong relation with Argentina”.
Wednesday, January 13th 2010 - 08:29 UTC
Brazilian industry calls for end of “strategic patience” trade policy with Argentina

Brazil’s strongest manufacturing organization (and lobby) is considering the possibility that the country “ceases to be tolerant” towards Argentine trade restrictions and consider the possibility of withdrawing from Mercosur.
Wednesday, January 13th 2010 - 08:26 UTC
Chavez keeps his word and closes shops for price rises following devaluation

Venezuelan government inspectors backed by soldiers have shut more than 70 shops in Caracas and other cities accused of trying to cash in on last week's currency devaluation. Soldiers have been on the streets to check prices as people queue to buy imports, fearing prices could rise.
Wednesday, January 13th 2010 - 08:12 UTC
US trade deficit jumps 10% and exports grow for seventh month running

The United States trade deficit shot up nearly 10% to 36.4 billion US dollars in November, hitting a 10-month high, the Department of Commerce said on Tuesday. Demand for imports is growing, as the US economy slowly gets back on its feet.
Wednesday, January 13th 2010 - 08:07 UTC
Power debacle in Venezuela: four-hours rotating black outs in major cities

Venezuela announced electricity cuts on a rotating basis to sections of the country’s capital Caracas and major cities as the government deepens energy rationing amid a drought. In December major industries were forced to limit production.
Wednesday, January 13th 2010 - 03:55 UTC
Islands pay tribute to “fierce champion of Falklands’ tradition”

“Fierce Champion of Falklands traditions,” Jane Cameron was remembered by her Falklands friends and her family at a Memorial Service held in Christ Church Cathedral in Stanley yesterday.
Tuesday, January 12th 2010 - 21:41 UTC
China ups bank reserves and reiterates 2010 “moderate” credit growth policy

China announced that banks will have to hold more cash in reserves to help cool the world’s fastest-growing major economy as a credit boom threatens to stoke inflation and create asset bubbles.
Tuesday, January 12th 2010 - 17:35 UTC
Dispute over Argentine Central Bank reserves faces long judicial dispute

Argentine Federal Judge María José Sarmiento postponed Monday her ruling over the use of Central Bank currency reserves to meet 2010 debt payments by turning the government's 'appeal on grounds of unconstitutionality' into an ordinary trial.
Tuesday, January 12th 2010 - 17:33 UTC
FT: In the path to prosperity Argentina tripped with the Kirchners

The Financial Times, a reference for global finances, has published an editorial comment highly critical of Argentina’s presidential Kirchner couple and their latest attempt to keep their cash-strapped administration afloat: getting hold of Central Bank reserves to pay debts and recover long lost international creditworthiness.
Tuesday, January 12th 2010 - 17:26 UTC
International Jazz Festival, musical highlight of Punta del Este

By David P. Michaels on location in Uruguay (*)
International celebrities visiting the Latin American “jet-set” resort of Punta del Este in Uruguay come and go with the fashions. However one of the permanent attractions of the Punta del Este season is the “must see” International Jazz Festival.