Stories for November 2010

Friday, November 12th 2010 - 17:29 UTC
G20 agrees on “indicative guidelines” for imbalances and hopes for the best

Leaders of the Group of 20 (G20) member nations meeting in Korea reached a vague compromise Friday on currency and trade issues, calling for a workable resolution for the next G20 summit in France, slated for November next year.
Friday, November 12th 2010 - 15:43 UTC
Inflation or no inflation: that is the question for the Argentine government

Fissures inside the Argentine cabinet are surfacing and refer to one of the most irritating issues for the administration of President Cristina Fernandez de Kirchner: inflation or no inflation.
Friday, November 12th 2010 - 14:12 UTC
Argentina “is a country cut in two”, cautions Uruguayan president

Uruguayan president Jose Mujica was critical of Argentina’s economic policies and of the recent organization for the funeral of former president Nestor Kirchner. He also admitted it would be “difficult” to reach a definitive agreement with Argentina regarding the long standing UPM-Botnia pulp mill conflict.
Friday, November 12th 2010 - 13:52 UTC
As Argentine farming recovers machinery sales soar

Sales of farm machinery in Argentina soared 73% totalling 7.074 units, in the third quarter compared to the same period a year ago and 33.6% over the previous quarter according to the latest release from the Statistics and Census Office, Indec.
Friday, November 12th 2010 - 13:44 UTC
Peruvian economy steaming ahead at 8%; top of the list in the region for business

Finance Minister Ismael Benavides said Peru's economy should grow between 8% and 8.5% this year, with inflation ending the year from 2.2% to 2.5%. The Peruvian Central Bank latest forecast was annual growth of 7.5% to 8%.
Friday, November 12th 2010 - 13:32 UTC
Falklands present at China Fisheries and Seafood Expo in Dalian

Falkland Islands and South Georgia took their place in a world class fisheries exhibition in China last week.
Friday, November 12th 2010 - 13:21 UTC
Colombian Senate approves Unasur founding charter

Ecuadorean Foreign Affairs minister Ricardo Patiño hailed the approval by the Colombian Senate of the Union of South American Nations, Unasur, charter which leaves the group one short of its legal constitution. The Uruguayan parliament is expected to follow suit in coming days.
Friday, November 12th 2010 - 05:10 UTC
G-20 drafts a “standstill” compromise declaration to avoid protectionism

Leaders of the Group of 20 (G20) member nations meeting in Korea are expected to reach a compromise Friday on trade and currency issues that have so far marred the spirit of the global gathering, in a bid to make headway in the G20 process and keep the two-year-old global policy forum afloat.
Friday, November 12th 2010 - 02:22 UTC
Second oil rig to join Falklands’ oil exploration round next year

A second oil rig is scheduled to begin exploratory drilling of two wells in Falkland Islands waters in a year’s time following a letter of intent signed by Borders & Southern Petroleum with Ocean Rig UDW this week in Houston.
Friday, November 12th 2010 - 00:50 UTC
Deepest austerity measures in decades stall Spanish economy recovery

Spain’s economy stalled in the third quarter as the deepest austerity measures in three decades, aimed at taming the Euro region’s third-biggest budget deficit, undermined the recovery from an almost two-year recession.