Stories for October 2010

Friday, October 8th 2010 - 00:42 UTC
“Global currencies and trade wars” led to Great Depression warn IMF and WB

World leaders must defuse currency tensions before they worsen to avoid repeating the mistakes of the Great Depression, the head of the World Bank President Robert Zoellick told reporters.
Friday, October 8th 2010 - 00:36 UTC
Nobel Literature Prize for Peruvian author Mario Vargas Llosa

The 2010 Nobel literature prize winner Peruvian born author Mario Vargas Llosa said that he felt “a great joy'' when he was called with the news, but at first, he thought it might be a joke, ”I thought I had been completely forgotten by the Academy. I didn't even know the prize was being given this month.''
Friday, October 8th 2010 - 00:28 UTC
Mrs. Kirchner plummets to position 68 among most powerful women list

Argentina’s President Cristina Fernández de Kirchner plummeted to the No. 68 spot on this year's “The World's 100 Most Powerful Women” list made by US business magazine Forbes in New York, down from her No 11 position last year.
Friday, October 8th 2010 - 00:15 UTC
Argentina calls IMF a “non prestigious, absolutely inefficient institution”

While the International Monetary Fund said it hopes Argentina will normalize relations with the multilateral institution, the Argentine Foreign Affairs minister Hector Timerman described the IMF as “non prestigious organization”.
Friday, October 8th 2010 - 00:12 UTC
Brazil forecasts crop will reach a record 148.9 million tons in 2010 farm year

Brazil forecasts a record crop of cereals and oilseeds totalling 148.9 million tons, the largest ever, according to the latest release from the Brazilian Geography and Statistics Institute, IBGE.
Friday, October 8th 2010 - 00:10 UTC
Repsol-YPF optimistic about finding oil in Islas Malvinas waters

Spanish oil and gas company Repsol-YPF praised its Argentine YPF associates and said he was hopeful that “soon” the company “would discover hydrocarbons in the Islas Malvinas waters”, as has happened in Brazil.
Friday, October 8th 2010 - 00:06 UTC
Argentina investigates Dutch company that surveyed in Falklands’ waters

Fugro NV the world’s largest surveyor of sea-beds and deepwater for the mining and oil industries, said it doesn’t believe it broke the law when it carried out work near the Falkland Islands that has become the subject of an Argentine investigation.
Thursday, October 7th 2010 - 04:50 UTC
Paraguay president back in office amid growing concerns about his full capacities

Paraguayan President Fernando Lugo, who has cancer returned home to resume his duties on Wednesday after undergoing emergency treatment in a Brazilian hospital over the weekend. He has a full cabinet meeting planned for Thursday.
Thursday, October 7th 2010 - 00:28 UTC
Uruguayan economy, second best performer in Latinamerica, forecasts IMF

The IMF expects the Uruguayan economy to expand strongly this year, 8.5% and 5% in 2011 in a world framework which is experiencing the slow consolidation of recovery but still highly vulnerable.
Thursday, October 7th 2010 - 00:24 UTC
Uruguay targets EU tariff free feed-lot beef quota

Uruguay is optimistic about taking a share of the tariff free 20.000 tons of the feed-lot beef quota which the European Union establishes annually. The dossier with all the requested information has been sent to the EU and if finally approved would further boost the Uruguayan cattle and meat industries which are experiencing one of its best moments in history.