Stories for June 26th 2010

Saturday, June 26th 2010 - 07:41 UTC
Investing in Panama: An exclusive Report from Alternative Latin Investor

Alternative Latin Investor (ALI), the first and only online news source to provide information on alternative investments in Latin America, has just released an in-depth report on the Panamanian investment environment.
Saturday, June 26th 2010 - 05:47 UTC
Toronto G-20: Germany’s Merkel emphasizes “mutual understanding” with US

Germany's Chancellor has insisted that Europe's leaders are making good progress in talks with the US about how to bolster fragile economic growth. Angela Merkel told journalists at the G8 summit in Canada there was “mutual understanding” with President Obama over deficit reduction plans. Leaders are attending summits of the G8 and G20 groups of leading states.
Saturday, June 26th 2010 - 05:36 UTC
Plain and clear: the Kirchner couple planning for the next ten years

Former president Nestor Kirchner said Argentina needs a “strategic project for the next ten years” and forecasted that investors will arrive knowing the country has an established proven development model.
Saturday, June 26th 2010 - 05:32 UTC
Ecuador removed from list of countries that do not combat money-laundering

Ecuadorean President Rafael Correa said on Friday his country had been removed from an international blacklist of countries who fail to comply with standards against money-laundering and terrorism financing.
Saturday, June 26th 2010 - 05:27 UTC
Timnerman underlines Beijing’s support in UN Falklands’ presentation

Argentina’s newly appointed Foreign Minister Héctor Timerman said that China expressed “strong support” for Argentina’s sovereignty claim over the Falklands and other South Atlantic islands, but was disappointed by the bias coverage of the Buenos Aires press.
Saturday, June 26th 2010 - 05:22 UTC
Argentine economy expands 9.7% in April, the fastest in two years

Argentina's economy grew at its fastest pace in nearly two years in April, expanding 9.7% percent from a year earlier, the government announced on Friday. Increased consumer spending and demand for Argentina industrial products, particularly automobiles, from Mercosur partner Brazil helped to boost the economy.
Saturday, June 26th 2010 - 05:16 UTC
“China playing games” with the announced Yuan flexibility, says Krugman

Nobel laureate Paul Krugman said China’s pledge to make the Yuan more flexible was an “exercise in bad faith” intended to fend off international pressure for a stronger currency at this week’s Group of 20 leaders’ summit.
Saturday, June 26th 2010 - 05:13 UTC
China says there is no basis for major appreciation of the Yuan or raising rates

Top Chinese financial officials defended the country’s current economic policy and stated there was no need for a major appreciation of the currency or an increase in interest rates since inflation was declining.
Saturday, June 26th 2010 - 05:08 UTC
China ends freeze on Argentina soy-oil imports, says Buenos Aires

Argentina has reached an agreement with China to end the freeze on Argentine soy-oil imports, the government said on Friday. However given the cumbersome negotiation process some Argentine traders are waiting for an official confirmation from Beijing.
Saturday, June 26th 2010 - 05:01 UTC
BP considering sales of assets in Argentina

British Petroleum, BP, is actively considering the sale of its stake in Pan American Energy LLC, Argentina's fastest growing oil and gas company, according to oil industry sources quoted in the Buenos Aires press.