Stories for November 11th 2011

Friday, November 11th 2011 - 08:32 UTC
Economist warns Latam to prepare for the chain effect of a Euro collapse

The Secretary-General of the Ibero-American Secretariat Enrique Iglesias, warned Thursday that the EU crisis could reach as far as Asia and Latin America, and that preventive measures should be taken.
Friday, November 11th 2011 - 08:28 UTC
Puyehue volcanic ashes are back forcing delays in Buenos Aires and links to Chile

Buenos Aires City two main air terminals, Ezeiza and Aeroparque faced on Thursday disruptions and flight complications because of the presence of the ash cloud from the Chilean Puyehue volcano, affecting particularly Patagonia to the south of Argentina and links with Santiago de Chile.
Friday, November 11th 2011 - 08:26 UTC
Most wanted Brazil drugs’ baron caught by police in Rio do Janeiro favela

As authorities work to “pacify” Brazil's slums ahead of two global sporting events, police in Rio de Janeiro captured one of the city's most notorious drug traffickers.
Friday, November 11th 2011 - 08:20 UTC
Chinese main oil refiner takes over 30% of Portugal’s GALP in Brazil

China Petrochemical Corp., Asia's biggest refiner, agreed on Thursday to pay 3.54 billion dollars for a 30% stake in Galp Energia SGPS SA's Brazilian unit, in what is China's largest overseas energy acquisition this year.
Friday, November 11th 2011 - 08:19 UTC
October consumer inflation in Brazil eases to 0.43% and 6.97% in last 12 months

Brazil's benchmark IPCA consumer price index rose 0.43% in October from September, slightly above expectations, government statistics agency IBGE said on Thursday.
Friday, November 11th 2011 - 08:14 UTC
CFK meets Argentina’s new Episcopate leader but has him waiting for an hour

President Cristina Fernández met on Thursday with the new president of the Argentine Episcopal Conference (CEA), Monsignor José María Arancedo. CFK decided to meet with the Santa Fe province archibishop after he was named as the new Episcopate leader on Tuesday for a three year term, replacing Cardinal Jorge Bergoglio.
Friday, November 11th 2011 - 08:09 UTC
Greece gets a former ECB banker as PM to implement the Euro rescue package

Greece named banker Lucas Papademos as head of a new crisis government on Thursday, ending the country's chaotic search for a leader to save it from default, bankruptcy and expulsion from the Euro zone.
Friday, November 11th 2011 - 08:03 UTC
FIFA protects Brazilian football chief Teixeira who faces corruption charges

FIFA general secretary Jerome Valcke has dismissed claims of corruption against Brazilian football chief Ricardo Teixeira.Teixeira has faced bribery and fraud accusations in recent weeks, as he continues the task of preparing Brazil to host the World Cup in 2014.
Friday, November 11th 2011 - 07:57 UTC
Growing citizens’ action against ‘endemic corruption’ in Brazil’s political system

While a sixth cabinet minister faces allegations of fraud, Brazil’s Solicitors Association has stated that corruption in the country has become “unbearable” and called on the Supreme Tribunal to rapidly implement the Clean Record bill.
Friday, November 11th 2011 - 07:53 UTC
Merkel denies smaller Euro Project but her party, CDU, congress could hold surprises

German Chancellor Angela Merkel rejected Thursday the idea that her government might favor a smaller Euro zone, saying her only goal since the beginning of the debt crisis has been to stabilise the bloc in its current form.