Stories for September 2011

Friday, September 23rd 2011 - 08:00 UTC
Uruguay could reconsider links with Mercosur given obstacles to inter-trade

Uruguay is reconsidering the situation and links with Mercosur, given the recent trade obstacles and tariffs imposed by Mercosur senior partners Brazil and Argentina, announced President Jose Mujica in an interview.
Friday, September 23rd 2011 - 07:57 UTC
Uruguay’s second oil licensing round triggers greater expressions of interest

Uruguay's government oil corporation Ancap has received expressions of interest from at least 10 foreign companies for 15 offshore oil and gas exploration blocks it is offering in its second licensing round, a company official said in Geneva.
Friday, September 23rd 2011 - 07:53 UTC
Thousands of Chileans turn to the streets demanding funding for education

At least 50 demonstrators were arrested Thursday when masked protesters attacked police at the end of a massive and otherwise peaceful march in Santiago de Chile demanding more resources for education.
Friday, September 23rd 2011 - 07:50 UTC
Latin American States at UN focus on financial crisis, suggest transaction tax

Blaming speculation for the high price of food and oil, and arrogance and greed for the global economic crisis, the Dominican Republic called Thursday at the United Nations for new market rules and proposed a 5% tax on financial transactions to spur growth and prosperity.
Friday, September 23rd 2011 - 07:45 UTC
Argentine central bank dismisses IMF warning on risk of overheating economies

The Argentine Central Bank Governor Mercedes Marcó del Pont dismissed the IMF’s warning on the risk of overheating economies in developing countries.
Friday, September 23rd 2011 - 07:38 UTC
Brazilian Catholic bishops join anit-corrution protests and call for ‘deep reforms’

Brazilian Catholic bishops called for “a profound political reform” against corruption and strongly supported the popular protests that have erupted in the country following the disclosure of several scandals that have swept away four ministers and has reached the doorsteps of Congress.
Friday, September 23rd 2011 - 07:33 UTC
Greek default would expose European banks in 300 billion Euros

History's first sovereign default came in the 4th century BC, committed by 10 Greek municipalities. There was one creditor: the temple of Delos, Apollo's mythical birthplace.
Friday, September 23rd 2011 - 07:27 UTC
US and EU markets negative sentiment extends to Asian stocks with record losses

Asian stocks have fallen on Friday, with some indexes driving towards their worst weekly losses since 2008. The Group of 20 nations said they were ready to preserve stability in the financial markets.
Friday, September 23rd 2011 - 07:24 UTC
Euro debt crisis and US political division ‘biggest threats’ to global economy

US Treasury Secretary Timothy Geithner said that the European debt crisis and the political divisions in the United States were the biggest threats to the global economy.
Friday, September 23rd 2011 - 07:17 UTC
UK government “regrets Argentina considering withdrawing from yet another agreement”

The UK government regrets that “Argentina is considering withdrawing from yet another agreement with the United Kingdom” said on Thursday a spokesperson for the British embassy in Buenos Aires in reference to Argentina’s statement before the UN to further isolate the Falklands/Malvinas Islands.