Stories for November 2010

Wednesday, November 24th 2010 - 05:11 UTC
Brazilian ambassador “mistreated” by Argentine official on trade issues

The Brazilian financial newspaper Valor Economico claims Argentine Domestic Trade Secretary Guillermo Moreno “mistreated” Brazilian ambassador in Buenos Aires Enio Cordeiro following a discussion on alleged “informal” obstacles that the Cristina Fernández government is planning to apply on Brazilian imports.
Wednesday, November 24th 2010 - 02:56 UTC
Ample support for democracy in Uruguay and Argentina; much less in Peru

Peru is the country with less citizen support for democracy in the Americas while in Uruguay, Costa Rica and Argentina the system enjoys massive approval.
Wednesday, November 24th 2010 - 00:57 UTC
Spain feeling Irish contagion: extra yield on bonds hits Euro-area high

Spain said it doesn’t need to adopt further austerity measures to stem a surge in borrowing costs as the central government’s budget gap narrowed by almost half.
Wednesday, November 24th 2010 - 00:54 UTC
The Fed cuts US economy growth estimate for 2011 and ups unemployment

The Federal Reserve has cut its 2011 growth forecast for the US economy, newly released minutes of its last policy committee meeting reveal. The Fed expects growth of 3-3.6% next year, down from its previous 3.5-4.2% estimate. It also forecasts higher unemployment and lower inflation than before.
Wednesday, November 24th 2010 - 00:51 UTC
Currency appreciation pressures inevitable until US controls budget deficit

Fast-growing emerging markets would be facing currency appreciation pressures even without the US quantitative easing policy, World Bank President Robert Zoellick said in an interview on Tuesday.
Wednesday, November 24th 2010 - 00:50 UTC
World leaders promise funds and plan to double tigers in the wild by 2022

World leaders and countries that have wild tigers endorsed a major plan to double the number of tigers in the wild by 2022 underscoring their commitments at the historic International Tiger Conservation Forum.
Tuesday, November 23rd 2010 - 23:56 UTC
Fish can shrink during particularly harsh winters, say Scandinavian scientists

Fish can shrink during particularly harsh winters, according to researchers. Scientists, based in Norway and Finland, discovered that juvenile brown trout reduced in length by as much as 1cm - shrinkage of approximately 10%.
Tuesday, November 23rd 2010 - 23:02 UTC
FDI in Brazil soars in October; reaches 30 billion USD in ten months, the year’s target

Foreign direct investment in Brazil soared to 6.8 billion US dollars in October, the highest for the month since records were started. This was higher than last month with 5 billion and four times October a year ago with 1.6 billion, according to the latest release from the central bank.
Tuesday, November 23rd 2010 - 22:59 UTC
The challenge of “breaking mental barriers” to promote Mercosur and Unasur

Brazil’s influential Foreign Affairs minister Celso Amorim revealed that his major obstacle in his eight years in the post was “breaking mental barriers” particularly in advancing relations among countries in the South and promoting such organizations as Mercosur and Unasur.
Tuesday, November 23rd 2010 - 19:23 UTC
US economy grows faster than estimated in the third quarter: 2.5%

US economy grew faster than previously estimated in the third quarter, government data showed, but still not enough to address stubbornly high unemployment. GDP growth was revised up to an annualized rate of 2.5% from 2% as exports together with consumer and government spending were stronger than initially thought.