Nouriel Roubini, the New York University professor who predicted the global financial crisis, said the outlook for Argentina’s economy is “cloudy” and GDP is slated to decline in 2011 as the global slowdown may lead to fewer exports.
Argentina's top business groups on Monday openly reacted against legislation backed by the country's largest trade union group that would require companies to share 10% of their annual net profits with employees.
The Argentine Senate finally approved the nomination of Miguel Dante Dovena, a very close advisor of the Kirchner couple as the next ambassador in Uruguay.
Argentina will produce the first batch of enriched uranium for civilian purposes next year as part of the re-launching of its atomic power industry, President Cristina Fernandez de Kirchner said Monday.
The Singapore stock exchange (SGX) has unveiled a multi-billion dollar bid for the company that owns the Australian Stock Exchange (ASX) in Sydney. If approved the 8.3 billion take-over would mark the first stock exchange merger in the Asia Pacific region.
Eighty-seven percent of Chileans believe that single mothers are capable of raising children just as well as married couples or mothers with partners, according to a recent survey. Support for men as single parents is similarly strong, as 79 percent of those surveyed believe the same of single fathers.
US Treasury Department sold securities that fetched a negative yield for the first time, implying investors are willing to pay the government to own its debt. This is a milestone in the current rock-bottom interest rate environment, as the Federal Reserve is widely expected next week to announce it will buy more Treasuries to jump-start a sluggish economy.
Argentina’s population and housing census which this week took off in Antarctica revealed that 230 people live in the six Argentine bases including nine families and 16 children. The survey was done two days before the official launching in continental Argentina and was considered a “very successful experience”.
Enrique Iglesias, Ibero-America secretary general praised the G-20 decision to reform the IMF giving greater representation to the emerging economies but warned that the so called “currencies war” threatens to trigger a dangerous bout of protectionism at world level.
The Union of South American nations, Unasur agreed to ship to Haiti medicines, drinking water and other needed aid to help combat the outbreak of cholera in the Caribbean island.