Stories for September 2010

Wednesday, September 8th 2010 - 02:32 UTC
EU follows US and approves new framework for financial supervision

The European Union finance ministers agreed Tuesday to establish a new framework for financial supervision, designed to help prevent future financial crises. The measures include a European Systemic Risk Board to oversee the health of Europe's economy.
Wednesday, September 8th 2010 - 02:29 UTC
A review of Third World United States: the Argentina connection

United States online publication The Huffington Post published Tuesday an article whose title caught the attention of those in the Southern cone: “Becoming Argentina: A Review of Third World America.”
Wednesday, September 8th 2010 - 01:55 UTC
FAO says there is no world food crisis, but fears market anxiety and panic buying

Food commodities markets will remain more volatile in years ahead and the international community will need to develop appropriate ways of dealing with that, a top FAO official said Tuesday.
Wednesday, September 8th 2010 - 01:53 UTC
Paraguay vaccinating against FMD; fears about Bolivia’s cattle sanitary condition

Paraguay has already vaccinated 74% of its cattle heard against foot and mouth disease FMD, which is considered very positive, but there are lingering doubts about the sanitary situation in Bolivia that remains a threat for Mercosur, the world’s leading exporter of beef.
Wednesday, September 8th 2010 - 01:51 UTC
US “run out of bullets” to stimulate the economy, says Roubini

Influential market commentator and New York University Professor Nouriel Roubini believes the US has ‘run out of bullets’ in its efforts to stimulate the economy and expects it to drag the global economy back into recession.
Wednesday, September 8th 2010 - 00:38 UTC
Ten years to recover Argentina’s cattle herd, if current policies are changed

Recovering Argentina’s herd to 2007 levels will require at least ten years even if current policies, which have caused its downfall, are drastically changed, according to a report from the Catholic University of Argentina released last month.
Tuesday, September 7th 2010 - 08:08 UTC
Reclaiming Investment Grade, key priority of the Uruguayan government

Uruguay is resolutely on its way to reclaim the investment grade status it lost in 2002 according to Franco Uccelli an analyst with JP Morgan Chase. Uccelli says that growth continues to outperform expectations; infrastructure projects are set to take centre stage; fiscal consolidation is firmly underway; the public debt burden is poised to decline and no international bond issuance is planned for 2010. Fundamental support for the currency remains intact and a return to Investment Grade has become a key priority for the government.
Tuesday, September 7th 2010 - 05:59 UTC
Landslide Bulgarian vote for Dilma Rousseff president of Brazil

Bulgaria has been trapped by a “Dilma fever” given the almost certain victory of the Brazilian ruling party’s presidential candidate Dilma Rousseff whose family came from Bulgaria.
Tuesday, September 7th 2010 - 05:52 UTC
Uruguay announces re-purchase of 500 million USD of sovereign debt

The Uruguayan government announced that it authorized the repurchase of 500 million US dollars of sovereign debt with the purpose of optimizing its composition and the maturing timetable.
Tuesday, September 7th 2010 - 05:50 UTC
S&P raises Uruguay’s long term credit ratings to BB from BB-

Standard & Poor's Ratings Services raised its long-term foreign and local currency sovereign credit ratings on Uruguay to BB from BB- with a stable outlook thanks to the country's track record of sustained economic growth.