Stories for April 2nd 2011

Saturday, April 2nd 2011 - 15:46 UTC
Timerman recalls April 2 Falklands’ invasion saying Argentina is not alone in its Malvinas sovereignty claim

Argentina has the support of numerous international organizations and regional forums in its sovereignty claim over the Malvinas Islands, writes Foreign Affairs minister Hector Timerman in an article under the heading of “Argentina is not alone in its Malvinas claim”
Saturday, April 2nd 2011 - 10:02 UTC
Document reveals magnitude and extent of 2007/2008 global financial crisis

The magnitude and extent of the 2007/2008 financial crisis and the liquidity mechanisms put to work, mainly the US Federal Reserve “discount window” has surfaced following disclosure this week in response to a Freedom of Information Act request. The following is a piece from Bloomberg’s which describes some of the surprises of those hectic days when the global financial system was on the edge of the cliff.
Saturday, April 2nd 2011 - 08:21 UTC
Moyano hails as personal victory the increase by 20% of minimum income tax floor

Argentina’s powerful organized Labour Confederation leader Hugo Moyano celebrated Friday as a victory for the “workers movement” that the government of Cristina Fernandez de Kirchner decided to raise by 20% the minimum income tax floor.
Saturday, April 2nd 2011 - 08:13 UTC
Brazil’s March sales of cars rose 11.6% but fell 14.4% from a year earlier

Sales of new cars and light commercial vehicles rose 11.6% in March from February, Brazil's Federation of Vehicle Distributors, Fenabrave, said on Friday, but they fell sharply from a year ago.
Saturday, April 2nd 2011 - 08:01 UTC
Vale’s CEO, first victim of Brazil’s policy to cut reliance on commodities exports

Brazil's government is considering creating an iron ore export tax meant to spur investment in local steel production, a leading Brazilian newspaper reported on Friday. The measure is in the framework of President Dilma Rousseff’s intention of cutting Brazil’s reliance on non processed commodities exporter.
Saturday, April 2nd 2011 - 07:57 UTC
Latam wind energy expanded 50% in 2010; Argentina has the greatest potential

Installed wind farm capacity in Latin America grew by 50% during 2010, and more than 2,000 MW of wind power are now operating across the region, according to the Global Wind Energy Council, GWEC.
Saturday, April 2nd 2011 - 07:53 UTC
US jobless rate drop for second month running could indicate inflection point

US employment recorded a second straight month of solid gains in March and the jobless rate fell to a two-year low of 8.8%, (from 8.9% in February) marking a decisive shift in the labour market.
Saturday, April 2nd 2011 - 07:36 UTC
Brazil’s February industrial production expands at fastest pace in eleven months

Brazil’s industrial production rose at the fastest pace in 11 months in February. Output rose 1.9% from January and 6.9% from the same month a year earlier, the national statistics agency said.
Saturday, April 2nd 2011 - 07:28 UTC
Brazil planning further taxing on the inflow of “speculative” foreign capital

The Brazilin currency rallied more than 1.0% on Friday closing at its strongest level since August 21, 2008. The Real jumped 1.16% to 1.612 per US dollar. The gains came after a Reuters report that the government has decided to tolerate a Real trading stronger than the 1.65-per-dollar market in the short term.
Saturday, April 2nd 2011 - 07:22 UTC
Chilean researchers discover treasure of fossils and micro organisms in Antarctica

Chilean researchers from the 47th scientific expedition to Antarctica returned to the mainland to present their findings and begin follow-up work on their discoveries.