Stories for April 17th 2010

Saturday, April 17th 2010 - 06:36 UTC
As markets begin to normalize controversy over capital inflow controls resurfaces

The International Monetary Fund has warned that an over reliance on capital controls could derail the current global recovery. Although admitting that it may be a good idea for one country to apply controls on capital inflow, as the levy imposed by Brazil, “it could encourage too many others in the region to follow suit”.
Saturday, April 17th 2010 - 06:34 UTC
Brazil considering tax breaks and lower import tariffs to fight inflation

Brazil is considering additional anti-inflationary measures such as tax breaks and lower import tariffs but monetary policy remains the main tool to control prices, Finance Ministry officials said on Friday.
Saturday, April 17th 2010 - 06:30 UTC
Two main hopefuls in Colombia’s May 30 presidential race

Colombian presidential candidates Juan Manuel Santos and Antanas Mockus have increased their lead in the run-up to the May 30 balloting, a new poll released Thursday revealed.
Saturday, April 17th 2010 - 06:29 UTC
Argentina’s “next step” is to negotiate 7.5 billion debt with the Paris Club

After unveiling Argentina's debt-swap details Thursday, Economy Minister Amado Boudou said on Friday that the next step is to negotiate the 7.5 billion dollar debt Argentina maintains with the Paris Club.
Saturday, April 17th 2010 - 06:25 UTC
Judge declares “null and non existent” first lesbian marriage in Argentina

A Buenos Aires judge voided on Friday the marriage last week of two women, the first union of its kind in Argentina, judicial officials said.
Saturday, April 17th 2010 - 06:23 UTC
Egypt expects to sign free trade agreement with Mercosur next July

Egypt expects to complete free trade negotiations with the four Mercosur countries -- Brazil, Argentina, Uruguay and Paraguay -- in July, Egypt's trade minister revealed this week in Cairo.
Saturday, April 17th 2010 - 06:19 UTC
Taxpayers will no longer be hostages of banks “too big to fall” promises Obama

US President Barack Obama has proposed significant new curbs on the activities of banks to try to prevent future financial crises. The plans - the most far-reaching yet -include limits to the size of banks and restrictions on riskier trading.
Saturday, April 17th 2010 - 03:26 UTC
Mujica and Mrs. Kirchner prepare for the “day after” The Hague ruling

Uruguayan president Jose Mujica and his Argentine peer Cristina Fernandez de Kirchner will meet in Buenos Aires the day after the International Court of Justice rules on the pulp mill dispute which has soured bilateral relations between the neighbouring countries since 2006.
Saturday, April 17th 2010 - 03:21 UTC
IDB promises 3 billion USD annually to finance renewable energy

The Inter-American Development Bank, IDB, announced Friday its intention to increase its financing for renewable energy and climate-related projects to 3 billion US dollars a year by 2012.
Saturday, April 17th 2010 - 03:12 UTC
Reconstruction efforts will turn Chile from capital exporter to importer, says IIF

Increased external financing requirements to cover reconstruction costs triggered by the earthquake and tsunami of February 27 will shift Chile’s external position from capital exporter in 2009 (largely the result of its dynamic private pension system) to capital importer this year and next, according to the Institute of International Finance, IIF.