Stories for 2010

Thursday, April 29th 2010 - 07:18 UTC
Farm Exports Leading Latam Strong Recovery, Says FAO

Latinamerica and the Caribbean are undergoing a strong recovery boosted mainly by agriculture exports, said José Graziano da Silva, head of FAO’s regional office in Panama, during the presentation of the Report on Agriculture and Rural Development 2010 Prospects for Latinamerica.
Thursday, April 29th 2010 - 07:10 UTC
Cuba Promotes Building of “Own Effort Homes” to Help With Lack of Housing

Cuba began granting licenses to people to build homes “with their own effort”, an initiative approved last year by President Raúl Castro. The granting of the permits was finally approved by the National Housing Institute for people who are the owners of land, homes or other areas included in the new resolution.
Thursday, April 29th 2010 - 07:03 UTC
Fearing an Over-Heated Economy Brazil Hikes Basic Rate 75 Points to 9.5%

Central Bank of Brazil increased on Wednesday the benchmark interest rate for the first time in 19 months in an effort to cool an economy forecast to expand 6% this year, one of the highest rates in two decades.
Thursday, April 29th 2010 - 06:59 UTC
Obama Nominees for the Fed Support “Job Creation and Low Rates”

US President Barack Obama is expected to announce this week his choice of Federal Reserve Bank of San Francisco President Janet Yellen as vice-chairman of the Fed Board of Governors, according to congressional sources.
Thursday, April 29th 2010 - 06:50 UTC
Argentina Opens Defaulted Sovereign Bonds’ Swap Next Monday

Argentina filed with United States regulators the terms of its offer to swap up to 20 billion US dollars in defaulted debt, bringing the exchange a step closer to launching.
Thursday, April 29th 2010 - 06:41 UTC
Sugar Prices Fall on Prospects of Abundant Crops in Brazil and India

Sugar fell in New York and London, reversing earlier advances, as an improved outlook for production in Brazil and normal rainfall in India outweighed concern that supplies will fall short.
Thursday, April 29th 2010 - 06:34 UTC
Europe’s Financial Seism Reaches Spain: S&P Downgrades Credit Rating

International credit rating agency Standard and Poor's downgraded on Wednesday Spain's credit rating from “AA+” to “AA” with a negative outlook. The move comes a day after S&P gave Greek bonds a junk rating and lowered Portugal's credit rating from “A+” to “A-”.
Thursday, April 29th 2010 - 06:08 UTC
More Sex to Combat High-Blood Pressure Recommends Brazilian Minister

Brazil’s health minister has an interesting solution for the nation’s high blood pressure problem: more sex.
Thursday, April 29th 2010 - 06:00 UTC
Unemployment in Santiago de Chile “Has Eased” but Stands at 10.8%

The University of Chile reported Monday a Santiago unemployment rate of 10.8%. While this is higher than what it was before the international recession (when it stood at around 8%), it is two percentage points less than what it was in March of 2009.
Thursday, April 29th 2010 - 05:45 UTC
Viagra Patent Expires June 20, Rules Brazilian High Court

Brazil's High Court of Justice ruled Wednesday that the Brazilian patent for the drug Viagra is due to expire June 20.