Stories for April 12th 2011

Tuesday, April 12th 2011 - 16:26 UTC
Chile winery expands in Argentina to double production in five years

The Chilean wine company Viña Montes plans to invest 20 million US dollars in vineyards on the other side of the Andes in neighbouring Argentina, where it expects to double production over the next five years.
Tuesday, April 12th 2011 - 16:13 UTC
China to keep buying Spanish public debt and invest in financial industry

China will invest in Spain’s savings-bank industry and continue buying public debt, a Spanish government official cited Chinese Premier Wen Jiabao as telling Prime Minister Jose Luis Rodriguez Zapatero at a meeting Tuesday in Beijing.
Tuesday, April 12th 2011 - 15:58 UTC
Humala and Keiko will have to convince the 45% middle of the road vote

With 90% of Sunday’s presidential election ballots counted Peru is headed for a runoff between nationalist Ollanta Humala and former lawmaker Keiko Fujimori, a choice many voters in the country’s surging middle and upper classes might have trouble swallowing.
Tuesday, April 12th 2011 - 04:25 UTC
Humala’s run off with Keiko Fujimori; Peruvian economy faces overheating

Peru’s presidential election on Sunday will have a second round of voting between Ollanta Humala and Keiko Fujimori on 5th June, according to the latest official percentages which indicate the nationalist former Army officer has 31.75% of the vote and the daughter of former president Alberto Fujimori, 23.29%, quite distanced from Pedro Pablo Kuczynski’s (PPK) 18.8%.
Tuesday, April 12th 2011 - 04:20 UTC
IMF presents report to develop a new consumer price index in Argentina

The IMF has presented a report to Argentine authorities with specific recommendations for developing a new, nationwide consumer price index to replace the much-criticized current index, the fund said in a press release Monday.
Tuesday, April 12th 2011 - 04:17 UTC
Uruguay expands alternative energy capacity with a 50 MW wind turbine farm

Uruguay continues to expand its alternative green energy capacity and the latest contract award will have 25 wind turbines which must be operational within a maximum period of three years. The wind power project of 50 MW will supply renewable energy to a population of 50,000 people.
Tuesday, April 12th 2011 - 04:11 UTC
Argentina poised to grow 6% in 2011, but highly exposed to Brazil dependency

Strong demand in Brazil and Latin America has created the conditions for a stronger-than-expected economic rebound in Argentina, an IMF official said on Monday.
Tuesday, April 12th 2011 - 03:57 UTC
Germany and US leading global recovery with ‘robust expansion’, says OECD

The growth outlook for major industrialized economies is improving with Germany and the United States leading the recovery, the OECD's leading indicator for February showed.
Tuesday, April 12th 2011 - 03:51 UTC
German Literature Nobel Prize Guntther Grass warns of an “eco-dictatorship”

German Nobel Prize winner Gunther Grass fears that the nuclear disaster in Japan and other environmental issues could lead to an “eco-dictatorship”, according to an interview published in the “Haumburger Abenbdblatt”.