Stories for July 2011

Friday, July 29th 2011 - 07:17 UTC
Bank of Nova Scotia drops legal actions against Argentina for 600m dollars

Argentina’s central bank said the Bank of Nova Scotia dropped legal actions against the country under which it sought 600 million dollars.
Friday, July 29th 2011 - 07:08 UTC
Repsol-YPF earnings hit by civil war in Libya and labour strikes in Argentina

Repsol-YPF, Spain’s largest oil company, said second-quarter earnings fell 7.3% after refining margins narrowed and output declined because of the civil war in Libya and strikes in Argentina.
Friday, July 29th 2011 - 07:02 UTC
Latam and Caribbean hold 727bn dollars in US government debt assets

The UN Economic Commission for Latin America and the Caribbean, ECLAC, expressed public concern about the ongoing discussions between the White House and Congress regarding the governments’ borrowing limit and the August 2 deadline to reach an agreement.
Friday, July 29th 2011 - 06:47 UTC
Peruvian president Humala promises economic growth with social inclusion

Peru's incoming President Ollanta Humala promised on Thursday the poor would take part in the country's economic boom, investors and their contracts would be respected and changes will be moderate and gradual.
Friday, July 29th 2011 - 06:40 UTC
World Cup set to boost Brazil’s GDP by 1.5%, estimates the country’s main bank

The three-year build-up to the 2014 soccer World Cup is set to boost Brazil’s economy by 1.5% of GDP, according to Ilan Goldfajn, chief economist of the Itau Unibanco Holding, Latin America’s largest bank by market value.
Friday, July 29th 2011 - 06:32 UTC
Claims China is ‘circumventing’, via US, to avoid Brazil anti-dumping tariffs

Brazilian newspaper Estado de Sao Paulo revealed documents from Chinese company Sun Falcon International Inc. offering triangulation scheme through Los Angeles port, the busiest container port in the US, to avoid Brazilian anti-dumping tariffs.
Friday, July 29th 2011 - 06:27 UTC
Brazil has not been ‘soft’ on Argentina and on imports from China

Brazilian officials brushed aside claims from exporters that the country has been ‘soft’ on Argentina and on imports from Asia, mainly China, arguing that trade figures indicate something different and “you can’t have it both ways, liberal and protectionist”.
Friday, July 29th 2011 - 06:25 UTC
Rio’s Maracana stadium will host the 2014 World Cup final

Rio de Janeiro's famous Maracaná stadium will host the final of the 2014 World Cup in Brazil, FIFA secretary general Jerome Valcke indicated Thursday, pending formal ratification of the decision at FIFA executive committee meeting in October.
Friday, July 29th 2011 - 06:22 UTC
President Cristina Fernandez “disregards and looks down on the rural sector”

A respected reference in Argentine politics, Senator Carlos Reutemann came out strongly this week in support of farmers saying that the government of President Cristina Fernandez de Kirchner, (CFK), “disregards and looks down on the rural sector”.
Thursday, July 28th 2011 - 20:53 UTC
Paraguay president cancels activities and is flown to Brazil for cancer check-up

Paraguayan President Fernando Lugo travelled to Brazil on Thursday bringing forward a routine check-up following his cancer treatment last year and cancelling a planned trip to Peru due to a severe cold.