Stories for 2010

Wednesday, October 6th 2010 - 05:20 UTC
Chile freezes relation and calls off series of meetings with Argentina

Chilean Argentine relations deteriorated seriously on Tuesday when the government of President Sebastian Piñera announced they were calling off a series of meetings at Foreign Affairs ministerial level following on Buenos Aires decision to grant political asylum to a former guerrilla fighter.
Wednesday, October 6th 2010 - 05:16 UTC
Correa extends state of emergency and Army replaces police as Congress guards

Ecuador's government extended a state of emergency and soldiers replaced the police as the force that guards Congress after a deadly revolt by some officers last week over a new law cutting their bonuses.
Wednesday, October 6th 2010 - 05:13 UTC
Chavez rejects claims Spanish ETA terrorists were trained in Venezuela

Venezuela's President Hugo Chávez dismissed claims from Spain that two members of Basque separatist group ETA were trained in Venezuela as part of an international campaign to besmirch his government.
Wednesday, October 6th 2010 - 02:20 UTC
Brazil’s most voted federal Deputy could be barred from Congress for illiteracy

The candidate who won the most votes in Brazil’s Sunday general elections, Tiririca the clown, will have to show electoral authorities that he can read and write to avoid his electoral victory being annulled, an elections official said.
Wednesday, October 6th 2010 - 02:19 UTC
IMF says financial system remains “Achilles heel of global recovery”

Progress to restore global financial stability has suffered a setback in advanced economies, the International Monetary Fund said in its latest Global Financial Stability Report, with markets still sensitive to negative surprises.
Wednesday, October 6th 2010 - 02:15 UTC
IMF chief admits danger of “currencies as a policy weapon”

Countries risk undermining the global economic recovery if they use their currencies to try to boost domestic growth, the head of the International Monetary Fund warned on Tuesday in a newspaper interview.
Wednesday, October 6th 2010 - 00:13 UTC
Fed and ECB “flood of liquidity” plunging the world into “chaos” warns Stiglitz

The policies of extremely low interest rates maintained by the Federal Reserve and the European Central Bank are plunging the world into chaos instead of helping with the recovery of the global economy, the winner of the Nobel Prize in economics, Joseph Stiglitz, said on Tuesday.
Tuesday, October 5th 2010 - 23:32 UTC
“Disaster risk” and potential economic losses in 17 Latam countries

Latin America and the Caribbean face potentially crippling economic and social costs from natural disasters and need to do more to reduce risks and prepare government finances to respond to eventual catastrophes, says a new set of indicators by the Inter-American Development Bank (IDB).
Tuesday, October 5th 2010 - 23:20 UTC
Brazil doubles tax on foreign investors buying local bonds and fixed return assets

Brazil doubled this week the tax on foreign investors buying local bonds or making deposits in fixed returns in an attempt to curb a currency rally that has turned into an issue in the country's presidential race.
Tuesday, October 5th 2010 - 22:50 UTC
Latin America poised to grow 5.5% to 6% this year, says IDB

Latin America is poised to expand between 5.5% and 6% this year based on the sustained improvement of commodities pirces, productivity gains and domestic market expansion, said the president of the Inter American Development Bank, IDB, Luis Alberto Moreno.