Stories for July 2011

Sunday, July 10th 2011 - 06:05 UTC
Buenos Aires City mayoral race seems set for a run off at the end of July

Almost two million and a half Buenos Aires city residents will vote Sunday to elect a new Mayor and Deputy-Mayor for Argentina’s capital from a list of 15 hopefuls although current mayor Mauricio Macri and the central government coalition sponsored candidate Daniel Filmus are expected to re-edit the scenario of four years ago.
Sunday, July 10th 2011 - 06:00 UTC
Polls show Mrs Kirchner has an 18 point lead over her runner up

Voter support for Argentine President Cristina Fernandez's re-election rose in the last few weeks but her lead over Congressman Ricardo Alfonsin narrowed slightly as his backing jumped, a poll showed last Wednesday.
Sunday, July 10th 2011 - 05:50 UTC
Brazil confirms the multibillion fighter jet deal postponed until early 2012

The Brazilian government will not review multibillion-dollar bids for a fighter jet deal until the start of 2012, Defence Minister Nelson Jobim told reporters in France.
Saturday, July 9th 2011 - 07:35 UTC
Argentina files criminal charges against consulting firm for publishing inflation data

Argentina's government has filed criminal charges against the managers of an economic consulting firm, escalating its persecution of independent economists. A federal court official said Friday that a judge is evaluating the charges but has yet to decide if it is appropriate to begin investigating them.
Saturday, July 9th 2011 - 07:29 UTC
Brazil offers Venezuelan leader Chavez specialists to help him overcome cancer

Brazilian President Dilma Roussef offered Venezuela leader Hugo Chávez her support over the mandate’s battle against cancer. According to the Presidential House press Secretary, Rousseff expressed her sentiments during a phone call conversation held this morning.
Saturday, July 9th 2011 - 07:26 UTC
US jobs data for June disappoints markets: unemployment again at 9.2%

US employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dousing hopes the economy would regain momentum in the second half of the year.
Saturday, July 9th 2011 - 07:21 UTC
Brazil introduces rules on short-dollar positions to curb speculation with the Real

Brazil’s central bank changed currency market rules to curb bets that the Real will appreciate against the dollar, according to an e-mailed statement. Brazil will require that banks make non-interest bearing deposits with the central bank equivalent to 60% of their short dollar positions exceeding 1 billion US dollars, the bank said.
Saturday, July 9th 2011 - 07:13 UTC
Brazil banned from selling Israeli-technology UAV to Venezuela

Israel Aerospace Industries signed a joint venture with Brazil's Synergy Group to manufacture Unmanned Air Vehicles (UAV) (drones) to fight drug trafficking in Brazilian borders under the condition that the aircrafts are not sold to Venezuela.
Saturday, July 9th 2011 - 07:10 UTC
Brazil drop in production has sugar prices soaring: 73% in last twelve months

Sugar jumped the most since October after an industry group said output would decline in Brazil, the world’s biggest grower. Production in the Centre South, Brazil’s largest growing area, may drop by as much as 1 million metrics in the current season compared with a year earlier, Unica said on Friday.
Saturday, July 9th 2011 - 07:03 UTC
Fiat confirms trade disputes between Argentina and Brazil

Fiat will trim some production in Brazil and Argentina for a week because of a trade spat between the South American neighbours, the Italian car maker said on Friday.