Stories for February 2011

Tuesday, February 8th 2011 - 05:17 UTC
Mujica calls on the ruling coalition “not to kill the golden eggs hen” of investment

Uruguayan president Jose Mujica called on the ruling coalition to restrain public comments on wealth distribution or re-distribution underlining that the “golden eggs’ hen” is private investment so please “don’t kill the hen”.
Tuesday, February 8th 2011 - 05:08 UTC
Petrobras third largest oil company on market capitalization

Based on market capitalization Brazilian government managed oil and gas company Petrobras ranked third worldwide according to the prestigious PFC Energy 50 list of the world's biggest energy companies.
Tuesday, February 8th 2011 - 05:03 UTC
Argentine industry warns: inflation is like a hard drug that creates “illusions and social tensions”

Argentina’s Industrial Union’s vice president, and FIAT Argentina’s head Cristiano Ratazzi, warned Monday that “inflation is like a drug that creates illusions but also social tensions”.
Tuesday, February 8th 2011 - 01:18 UTC
Brazil reaffirms links with Venezuela; calls for quick Mercosur integration

Brazil expects Venezuela’s full incorporation to Mercosur to be approved “soon” said Foreign Affairs minister Antonio Patriota during a meeting on Monday in Caracas with his peer Nicolas Maduro in Caracas to reaffirm strong bilateral links.
Tuesday, February 8th 2011 - 01:08 UTC
EU top official says “this is the moment” for a trade agreement with Mercosur

European Union Trade commissioner Karel de Gutch said Monday he strongly believes the EU will reach a trade agreement with Mercosur because “this is the moment” and both sides are committed to conclude negotiations positively.
Monday, February 7th 2011 - 21:43 UTC
Antarctica’s Lake Vostok keeps its secret sealed for another year

A Russian team drilling toward Lake Vostok, a pristine freshwater lake buried 3,750 meters under the Antarctic ice had to conclude its task and will have to wait for the next season to finish off the job.
Monday, February 7th 2011 - 20:54 UTC
Geithner implicitly endorses “capital controls” during Brazilian visit

US Treasury Secretary Timothy Geithner reached out to Brazil by citing a shared concern - China - and endorsing Brazil's approach for dealing with global economic distortions.
Monday, February 7th 2011 - 20:46 UTC
AOL pays 315 million for online newspaper The Huffington Post

Former internet media giant AOL is buying the online newspaper The Huffington Post for 315 million US dollars in a bid to regain its position as a leading producer of web content, the companies announced Monday.
Monday, February 7th 2011 - 20:41 UTC
Argentina conditions luxury car imports to deals with Mercosur auto-parts industry

Argentina has stopped the import of high-class luxury cars and redoubled efforts to convince companies with no assembly plants in Mercosur to reduce imports and reach export agreements with Argentine auto parts industry.
Monday, February 7th 2011 - 19:50 UTC
British PM David Cameron “the doctrine of state multiculturalism has failed”

Britain’s Prime Minister identified segregation and separatism as key issues behind the threat of Islamic extremism and called for a “shared national identity”.
Speaking at the Munich Security Conference PM Cameron stressed the difference between Islam as a religion and Islamic extremism as a political ideology, and said that Western countries need to confront extremism rather than practice a “hands-off tolerance”.