Stories for December 8th 2011

Thursday, December 8th 2011 - 06:47 UTC
Capital flight in Argentina doubles to 18 billon dollars in nine months of 2011

Argentine capital flight accelerated to the fastest pace in at least 10 years in the third quarter as investors concerned about inflation and a weakening Peso pulled cash out of South America’s second-biggest economy.
Thursday, December 8th 2011 - 06:44 UTC
Argentine central bank confirms pro-active policies and competitive Peso

Argentine Central Bank Governor Mercedes Marcó del Pont assured on Wednesday that the flight of dollar deposits from the local financial system has slowed down and highlighted the fact that Government’s policy of regulated exchange rate has given “certainty” to savers and investors. She also forecasted 6% growth next year for the Argentine economy.
Thursday, December 8th 2011 - 06:41 UTC
US about turn: now it supports loans to Argentina in multilateral credit organizations

The Inter-American Development Bank (IDB) announced on Wednesday the unanimous approval of a 400 million dollar credit to Argentina in order to improve the infrastructure of the country’s poor neighbourhoods.
Thursday, December 8th 2011 - 06:35 UTC
Mujica absent from CFK inauguration following on doctors advice

Uruguayan President José Mujica, 76, announced he would not be attending President Cristina Fernández inauguration ceremony on Saturday after his doctor recommended he should rest for the next few days. His wife, First Lady and Senator Lucía Topolansky will be attending instead.
Thursday, December 8th 2011 - 06:31 UTC
Delta Air moves into the Brazilian market with a stake in Gol

US Delta Air Lines Inc. agreed to buy a 100 million dollar stake in Gol Linhas Aereas Inteligentes SA, Brazil's second-largest airline by market value, and begin booking passengers on each other's jets.
Thursday, December 8th 2011 - 06:28 UTC
Ford invests 446m dollars in Brazil to build a new global model

Ford Motor Company announced that it will invest 800 million Reais (446 million dollars) to build a new global model in its Sao Bernardo do Campo plant, the heart of Brazil’s auto industry.
Thursday, December 8th 2011 - 06:26 UTC
Mexican intelligence foils plan for one of Gaddafi’s son to enter the country

Mexico prevented the entry of late Libyan leader Muammar Gaddafi's son Saadi to the country, authorities said on Wednesday.
Thursday, December 8th 2011 - 06:24 UTC
Mujica: like street kids, beg money in every crossing and corner for the sake of science

“Uruguay must act like the kids begging in the corners and traffic light crossings, asking for a dime from whoever” said President Jose Pepe Mujica on recalling the importance of funds from what ever origin to sponsor and promote scientific research.
Thursday, December 8th 2011 - 06:20 UTC
American Airlines and OpenSkies sign new code-share agreement

American Airlines and OpenSkies, a premium subsidiary of British Airways, American's oneworld® and trans-Atlantic joint business partner, have signed a new code-share agreement that gives American's customers more travel options when flying to and from Europe and OpenSkies customers easier access to major business markets in the United States.