Stories for June 2011

Tuesday, June 7th 2011 - 21:51 UTC
Uruguay complains about low ratings from the risk agencies

Economy minister Fernando Lorenzo accused rating agencies of failing to recognize the increasing strength of Uruguay’s sustained economic growth and therefore denying its investment grade status.
Tuesday, June 7th 2011 - 14:33 UTC
Ash cloud reaches Buenos Aires city at 5.000 metres height; all flights cancelled

The Chilean volcano Puyehue ash cloud has reached the Argentine capital after moving across the Greater Buenos Aires, but the due effects of the cloud are seen to be minimal. Meanwhile local airlines confirmed cancelled all flights until further notice at the international airport of Ezeiza and at the domestic-flights metropolitan Aeroparque.
Tuesday, June 7th 2011 - 06:07 UTC
Argentina hosts first meeting of Unasur Economy and Finance Council

Argentina will be hosting on Thursday the first meeting of the South American Economy and Finance Council that will bring together Economy ministers and Central bank governors from members of Unasur, Union of South American Nations.
Tuesday, June 7th 2011 - 04:00 UTC
Washington ‘ready and willing’ to work with Humala, says US top diplomat

“United States is “ready and very willing” to work with Peru's president-elect Ollanta Humala said Washington’s top diplomat for Latin America, Arturo Valenzuela during the Organization of American States meeting Monday in El Salvador.
Tuesday, June 7th 2011 - 03:54 UTC
“Day after” election jitters surface in Argentina’s capital and money markets

Argentina’s capital flight is forecasted to reach 17 billion US dollars in 2011, above the 11.4 billion of last year because of electoral year uncertainties, and in spite of a larger trade surplus.
Tuesday, June 7th 2011 - 03:48 UTC
The volcanic ash cloud could reach Buenos Aires city on Tuesday

The ash cloud hovering above Argentine Northern Patagonia since Saturday after the eruption of the Puyehue volcano in the Chilean Andes may reach the city of Buenos Aires on Tuesday, experts assured.
Tuesday, June 7th 2011 - 03:27 UTC
IMF backs UK plan to reduce deficit but warns on weak growth

The International Monetary Fund backed the British government's plans to reduce the budget deficit, but said tax cuts or more quantitative easing may be needed if growth proves persistently weak.
Tuesday, June 7th 2011 - 03:10 UTC
NASA and Argentina launching satellite to measure salt levels at ocean surface

Scientists are launching an international mission to measure salt levels at the surface of the ocean. A rocket carrying an Argentine-built spacecraft is set to lift off Thursday from the Vandenberg Air Force Base along the central California coast.
Tuesday, June 7th 2011 - 01:30 UTC
Ban Ki-moon running for a second term as UN Secretary General

Ban Ki-moon formally asked the UN Security Council to support his candidacy for a second five-year term as UN secretary-general, according to a letter. His first term ends December 31 and so far is unopposed.
Tuesday, June 7th 2011 - 01:25 UTC
Brazil government celebrates Humala’s victory; invites president-elect to Brasilia

Brazil’s presidential foreign affairs advisor Marco Aurelio Garcia celebrated the victory of nationalist Peruvian president elect Ollanta Humala who beat Keiko Fujimori in the Sunday run off by a minimum difference.