Stories for August 2011

Monday, August 1st 2011 - 20:30 UTC
French women killed in Argentina described as brilliant students in Latam affairs

Argentine police detained for questioning a local horse renter in relation to the brutal murder of two French tourists – Moumni Hour and Cassandre Bouvier – found dead with gunshot wounds on Friday at a hiking trail in Quebrada de San Lorenzo, Salta province, 1600 Km northwest of Buenos Aires.
Monday, August 1st 2011 - 20:23 UTC
”We’re the first force nationally and second in Buenos Aires City”, says cabinet chief

Argentine Chief of Staff, Aníbal Fernández, came on stage Monday after the Buenos Aires City runoff elections to give his breakdown of Sunday’s events which have been described by political analysts a landslide victory for the incumbent mayor Mauricio Macri.
Monday, August 1st 2011 - 19:59 UTC
Nobel Prize Krugman criticized Obama for giving in on debt deal

The Nobel Prize winner economist Paul Krugman harshly criticized President Barack Obama for giving in to pressure compromising on a debt ceiling deal that defenders say will save the country from default.
Monday, August 1st 2011 - 07:16 UTC
Obama announces agreement to raise US debt-limit; Congress has to vote the deal

President Barack Obama announced Sunday Republican and Democratic leaders have reached an agreement on raising the US debt limit and avoiding default. He said the deal would cut one trillion dollars of spending over 10 years, and set up a committee to report by November on a proposal to further reduce the deficit.
Monday, August 1st 2011 - 07:06 UTC
Falklands’ active participation at forum on democracy and transparency

Making the democratic process more clear and transparent and parliamentary reform were among the main issues debated at the 57th Commonwealth Parliamentary Conference CPA, held last week in London and where the Falklands were represented by Dick Sawle, Member of the Islands Legislative Assembly.
Monday, August 1st 2011 - 07:02 UTC
Uruguayan Peso over-valued 17.4% against the dollar according to Big Mac’s PPP

The Uruguayan Peso is 17.4% over-valued against the US dollar according to the Big Mac index from The Economist which means the greenback should be trading in Montevideo money markets at 21.62 Pesos and not 18.25 Pesos as currently happens.
Monday, August 1st 2011 - 06:51 UTC
Argentina planning a “nuclear powered” submarine with conventional weapons

Argentina is considering the development of “nuclear propulsion” for its diesel-engine submarines, according to Defence minister Arturo Puricelli. The initiative follows a request from President Cristina Fernandez and is closely linked to Brazil’s construction of a first nuclear powered submersible with French technology.
Monday, August 1st 2011 - 06:25 UTC
Brazil reiterates Falklands-flagged vessels will be banned from entering its ports

Brazil reiterated its intention of banning all Falklands’ flagged vessels from calling at the country’s ports and described as “illegal” the current round of oil exploration in the Islands’ waters.
Monday, August 1st 2011 - 06:21 UTC
Brazil ready to announce 30bn dollars tax relief for industry

Brazil is prepared for the event of a United States default if no agreement is reached in the US congress on the debt ceiling and will also implement a 30 billion dollars tax relief program to prop Brazilian industry competitiveness, announced Finance minister Guido Mantega.
Monday, August 1st 2011 - 06:19 UTC
All small retail outlets to be “privatized” by next October announced Cuba

Cuba will broaden private retail service beyond beauty parlours and barbers in October to include everything from coffee shops to locksmiths, and may even rent space on busy streets, an official told parliament.