Stories for 2010

Wednesday, June 23rd 2010 - 03:13 UTC
General Motors South America is born to cater rising demand in the region

General Motors is setting up a new regional organization in response to rising demand in South America. The new unit, GM South America, will be headquartered in Sao Paulo, Brazil.
Wednesday, June 23rd 2010 - 03:08 UTC
Whaling summit in Morocco: conservationists divided

Campaigners have unveiled a petition signed by more than a million people calling for maintenance of the global moratorium on commercial whaling. It was presented to Australian minister Peter Garrett outside the International Whaling Commission meeting in Morocco.
Wednesday, June 23rd 2010 - 02:08 UTC
Chile announces complete de-mining of border areas with Bolivia

Following five years of sustained efforts the Bolivian border with Chile has been swept free of mines, 22.988 of them that were planted in the seventies under the military regime of Dictator General Augusto Pinochet.
Tuesday, June 22nd 2010 - 05:05 UTC
Brazil reacts cautiously to the Yuan “greater flexibility” policy

Brazil's Central Bank welcomed China's move to boost flexibility of the Yuan exchange rate, saying the decision showed China's willingness to help the global economy.
Tuesday, June 22nd 2010 - 04:59 UTC
Timerman promises Congress support with alleged bribes investigation

Newly appointed Argentine Foreign Minister Héctor Timerman officially takes office Tuesday at a ceremony at Casa Rosada but already has a full table of issues. On Monday in a short release he stated that former Argentine ambassador to Venezuela Eduardo Sadous would ”brief Congress tomorrow (Tuesday), with all the freedoms and responsibilities that come with being a member of the Nation's diplomatic corps.”
Tuesday, June 22nd 2010 - 04:54 UTC
G20 leaders (mainly US and Europe) seem divided stimuli timing withdrawal

President Barack Obama has warned against cutting national debts too quickly as it would put economic recovery at risk. In a letter to G20 leaders, the US president said that while it was important to put in place “credible plans” to cut deficits, withdrawing economic stimulus early was dangerous.
Tuesday, June 22nd 2010 - 04:52 UTC
Risk rating agency says low risk of a Euro zone breakup; praises Stabilization Mechanism

Although the sovereign debt crisis has revealed weaknesses in several European Union countries, the risk of a Euro zone breakup is low over the shorter term, Fitch Ratings said on Monday.
Tuesday, June 22nd 2010 - 04:46 UTC
Vatican confirms relations with Cuba are “cordial and on a healthy course”

Vatican Foreign minister Archbishop Dominique Mamberti concluded an official and pastoral visit to Cuba Sunday saying relations between the Catholic Church and the Cuban governments are on a healthy course, reports the Catholic News Service.
Tuesday, June 22nd 2010 - 04:43 UTC
Petrobras plans to invest 224 billion USD and double production to 5.4 million bpd

Brazil's state-run oil company announced Monday it will invest 224 billion US dollars through 2014 and double production by 2020. About 95% of that will be invested in Brazil.
Monday, June 21st 2010 - 05:46 UTC
The downfall of the ‘loyal, orthodox’ Jorge Taiana

Suspicious deals with Venezuela, a ministry with different areas of influence, alleged leaks to the press, a close alignment with Washington and in spite of his submission, probably too ‘autonomous’ for the Kirchner couple’s taste seems to have condemned the orthodox Jorge Taiana as Argentina’s Foreign Affairs minister.