Stories for August 2011

Thursday, August 18th 2011 - 21:24 UTC
Colombia/Argentina bilateral trade expected to reach 2 billion dollars in 2011

Colombia/Argentina bilateral trade is set to reach 2 billion dollars, eight times its 2003 value, and remains favourable for Argentina, according to Minister of Industry Debora Girogi.
Thursday, August 18th 2011 - 21:01 UTC
Argentina lowers export tariffs for processed hake, shrimp and squid

Argentina lowered fisheries’ export tariffs to all processed goods made out of hake, squid and shrimp. The measure applies for six months and makes effective the promise from Economy Minister Amado Boudou earlier in the month.
Thursday, August 18th 2011 - 20:57 UTC
US and Euro zone “dangerously close to recession” warns Morgan Stanley

The United States and Euro zone are “dangerously close to recession,” Morgan Stanley said on Thursday, criticizing policymakers and predicting the European Central Bank will have to reverse its rates policy.
Thursday, August 18th 2011 - 07:06 UTC
Colombia/Canada launch FTA promoting agro-trade and mining investment

The Canada-Colombia Free Trade Agreement which took effect on Monday August 15 is Canada's fourth bilateral trade deal with a Latin American country and eliminates tariffs on a range of goods and services in an effort to facilitate trade and investment.
Thursday, August 18th 2011 - 06:57 UTC
Fitch ratings sees a decade of opportunities for construction industry in Latam

According to a new report issued by Fitch Ratings, the magnitude of investments in infrastructure during the next decade will provide unprecedented levels of opportunity for Latin American construction companies with the outlook for most companies in the industry being positive.
Thursday, August 18th 2011 - 06:50 UTC
Falklands’ resumes support for containerized international freight services

The Falkland Islands government and the local fishing industry have promised support for the maintenance of the containerised international freight services, which is expected to resume activities in the coming months.
Thursday, August 18th 2011 - 06:47 UTC
Positive rating outlook for Argentina although warnings on inflation effects

The Fitch rating agency decided to maintain a positive rating outlook for Argentina, although it warned about the effects of inflation.
Thursday, August 18th 2011 - 06:41 UTC
Brazil economic activity fell in June for the first time since 2008

Brazil's economic activity fell in June for the first time since 2008. The central bank's IBC-Br economic activity index fell 0.26% in June from May the first sequential drop since December 2008, when the global financial crisis plunged major economies into recession.
Thursday, August 18th 2011 - 06:37 UTC
Cristina Fernandez “must have done something right” to have 50% support

Buenos Aires City Mayor Mauricio Macri’s campaign advisor Jaime Durán Barba considered that President Cristina Fernández de Kirchner “must have done something right” to get so many votes in last Sunday’s primary elections, and assured that the Alfonsín-De Narváez alliance “is the one that lost most votes.”
Thursday, August 18th 2011 - 06:26 UTC
FIFA is “like an old boys’ network” claims Transparency International

FIFA should limit terms for senior officials, set up an independent group to clear up anti-corruption allegations and “embrace transparency,” corruption watchdog Transparency International (TI) said.