Stories for May 27th 2011

Friday, May 27th 2011 - 09:11 UTC
Top economists anticipate ‘restructuring’ of Greek debt or ‘booting’ out of the Euro

Nouriel Roubini, the New York University economist known as Dr Doom, says Greek restructuring would not bring down Europe's financial system. The economist, who earned his nickname by predicting the global financial crisis, says an orderly debt restructuring could pre-empt more trouble.
Friday, May 27th 2011 - 08:58 UTC
Chavez sacks half of PDVSA board following a 500 million USD fraud

Venezuela’s government giant oil corporation sacked half its board of directors Thursday after PDVSA ’s pension fund lost about 500 million US dollars in a Ponzi scheme linked to a Connecticut-based investor.
Friday, May 27th 2011 - 08:48 UTC
Real estate operations in Punta del Este reached 2.25 billion USD in 12 months

Real estate operations in Uruguay’s hottest resort and leisure farms’ area totalled 2.55 billion US dollars in the twelve months to April 2011, equivalent to daily deals involving 7 million USD.
Friday, May 27th 2011 - 08:44 UTC
Roubini forecasts Uruguay needs additional measures to contain inflation

Roubini General Economics, RGE, founded by Nouriel Roubini the economist described as Dr. Doom for having predicted long before his peers the US financial and mortgage crisis said the Uruguayan government must apply additional measures to higher rates and bank reserves, to help contain inflation.
Friday, May 27th 2011 - 08:32 UTC
Unasur ‘won’t collapse’ as happened with TIAR during the Malvinas war

Argentine President Cristina Fernandez de Kirchner praised the success of Unasur and forecasted that the South America Defence Council will be far more effective and robust than the previous experience with the TIAR, which “collapsed in 1982 during the Malvinas war”.
Friday, May 27th 2011 - 08:20 UTC
Argentina bans hake and squid fisheries; Auditing office confirms over-fishing

Argentina suspended the hake season in the south of Patagonia and banned squid operations following on scientific reports of over fishing that have considerably limited catches of both species said industry sources following an official audit which questions government fisheries controls.
Friday, May 27th 2011 - 08:16 UTC
South Georgia marine biodiversity richer than the Galapagos Islands

Sea spiders the size of dinner plates and two-meter-long ribbon worms that eat prey several times their own size were among the 1,400-plus species cataloged by the British Antarctic Service in a comprehensive study of marine life around South Georgia Island.
Friday, May 27th 2011 - 02:00 UTC
OIE declares the world free of rinderpest, one of the deadliest cattle diseases

The World Organization for Animal Health (OIE) declared rinderpest, one of the deadliest diseases of cattle and of several other animal species, eradicated from the surface of the earth.
Friday, May 27th 2011 - 01:53 UTC
Montevideo port ranked ahead of Brazil’s Rio Grande in 2010

In a ranking of the busiest port terminals in Latin America & Caribbean, elaborated in a work of Infrastructure Services Unit of ECLAC, Port of Rio Grande (RS) lost position for the Port of Montevideo, Uruguay. So they were, respectively, the 21st and 19th positions from the list.
Friday, May 27th 2011 - 01:48 UTC
WTO says Doha round faces collapse unless agreement is reached before 2012

Doha round of negotiations on world trade faces collapse unless world leaders can reach a final agreement to lift trade tariffs before the end of the year, a new report by the governments of the UK, Germany, Turkey and Indonesia warned this week.