Stories for August 2011

Tuesday, August 9th 2011 - 12:55 UTC
To face the crisis, it is necessary to act with “the criteria of a good housewife”

Uruguayan President Jose Mujica said Monday that the developed world financial scenario is quite disappointing almost regrettable, and recovery in those countries can be expected to be “very slow and full of uncertainties”
Tuesday, August 9th 2011 - 12:53 UTC
“The most significant financial crisis capitalism has faced in contemporary history”

“I have no doubts we are before the most significant financial crisis capitalism has faced in contemporary history”, said Uruguay’s Vice-president Danilo Astori when asked about the possible consequences for the region if the lack of confidence in the US dollar and Euro extends.
Tuesday, August 9th 2011 - 12:51 UTC
Leading wind turbine maker to establish assembly plant in Brazil

Danish wind turbine maker Vestas is to establish its first assembly plant in Brazil and expects it to be operational in the fourth quarter.
Tuesday, August 9th 2011 - 12:47 UTC
Invasive Asian mollusc advances along Argentine coast threatening food chain

An invasive Asian mollusc, Rapana Venosa, is rapidly expanding along the Argentine coastline threatening local ecosystems and fishing activities according to Argentine marine biologists from the National Council for Scientific and Technical Research, Conicet.
Tuesday, August 9th 2011 - 07:56 UTC
Falklands’ appraisal well confirms extension of oil find described as ‘commercially viable’

Rockhopper Exploration said on Tuesday an oil discovery in Falkland Islands waters extends to the west of the original well, adding to hopes that the oil find is large enough to open up a new province in the remote South Atlantic.
Tuesday, August 9th 2011 - 07:50 UTC
The crisis in advanced countries “was never over, it’s chronic’ warns Brazilian minister

Brazil’s Finance Minister Guido Mantega admitted Monday that if the international crisis in the EU and US markets persists, Brazil would have to lower its growth estimate.
Tuesday, August 9th 2011 - 07:44 UTC
Latam markets losses greater than in Europe and the US

The main stock markets in Latin America also suffered the impact of panic selling in major markets.
Tuesday, August 9th 2011 - 07:37 UTC
Gold soars to 1.700 dollars as world markets are on free-fall fearing recession

Asian equity markets were sharply down early Tuesday as investors fearing a possible global economic slowdown continued to flee stocks as had happened earlier in Europe, United States and Latin America.
Tuesday, August 9th 2011 - 07:26 UTC
Canada-Brazil CEO forum to consider trade agreement with Mercosur

Visiting Canadian Primer Minister Stephen Harper and Brazilian President Dilma Rousseff signed on Monday several agreements on air travel, pension benefits, international aid and other areas at the Planalto Executive palace in Brasilia.
Tuesday, August 9th 2011 - 07:21 UTC
Chile’s Piñera approval rating plummets to the lowest of any president since 1990

Early last week The Santiago Times reported that approval of President Sebastián Piñera had plummeted, according to a government evaluation survey by one of Chile’s leading polling firms, Adimark.