Stories for November 3rd 2011

Thursday, November 3rd 2011 - 23:51 UTC
Obama tells Sarkozy: “we all need to learn lessons from CFK re-election”

President Barack Obama recommended his French counterpart, Nicolas Sarkozy to follow the example set by Argentine President Cristina Fernández, who was re-elected in a landslide win just ten days ago.
Thursday, November 3rd 2011 - 15:01 UTC
Human Rights Commission denounces Chilean Carabineros for ‘disproportionate use of force’

The Inter-American Commission on Human Rights (IACHR) has denounced Chile’s Carabineros over the “disproportionate” repression of student protesters, which in some cases it described as “incompatible” with a functioning democracy.
Thursday, November 3rd 2011 - 14:57 UTC
Argentine president calls for an end to anarchy and a return to “real capitalism”

During Thursday’s meetings of the Group of 20 in Cannes, Argentine President Cristina Fernández for G20 leaders to put a stop to the current “anarchistic economic capitalism” and regulate the markets, not the countries, to go back to what she referred to as “real capitalism” after three years of world economic crisis.
Thursday, November 3rd 2011 - 14:47 UTC
ECB under new president Draghi lowers interest rate 25 points to 1.25%

The European Central Bank cut its main interest rate by 25 basis points to 1.25% as the Euro zone's worsening debt crisis outweighed the concern over persistently high inflation.
Thursday, November 3rd 2011 - 14:44 UTC
Chile, Argentina and Uruguay with highest human development index in Latam

Chile, Argentina and Uruguay have the highest standards of living in Latin America according the latest report from the United Nations Human Development Index (HDI).
Thursday, November 3rd 2011 - 08:17 UTC
BRICS ‘leaders scheduled to decide on common stance before the G20 summit'

Brazilian president Dilma Rousseff said that solutions to European and global economic difficulties need to promote economic growth and employment. Ms Rousseff arrived Wednesday in France for the summit of G-20 leaders this week, but before will be meeting with peers from the BRICS group to work out a common stance.
Thursday, November 3rd 2011 - 08:13 UTC
Mexico and Argentina, Latam companies most prone to pay bribes abroad says Transparency

Bribing public officials when doing business abroad is a regular occurrence, according to a survey of 3,000 business executives from developed and developing countries.
Thursday, November 3rd 2011 - 08:09 UTC
Greek surprise freezes China’s commitment to the Euro plan

China has said it cannot commit to investing in the European Financial Stability Fund (EFSF) until the situation with Greece has been clarified. European leaders hoped that China would buy EFSF bonds, injecting capital in the region's financial markets.
Thursday, November 3rd 2011 - 08:03 UTC
Desire Petroleum plc Press Release

Desire Petroleum plc (AIM:DES), the exploration company focusing on the North Falkland Basin, announces that the rig contract with Diamond Offshore Drilling (UK) Ltd for use of the drilling unit the Ocean Guardian for operations in the North Falkland Basin has been amended.
Thursday, November 3rd 2011 - 07:55 UTC
Fitch warns Argentina on foreign exchange controls and inflation

Fitch Ratings agency warned Wednesday that Argentina’s new dollar controls and measures aimed at curbing capital flight could narrow Cristina Fernández political options range.Likewise, the agency stated in the communiqué that the “continuity of such unorthodox policies represent nothing but risk.”