Stories for 2011

Thursday, August 25th 2011 - 05:57 UTC
Argentine organized labour leader stays on; claims “destabilizing campaign”

Argentina’s Secretary General of the CGT Labour Confederation, Hugo Moyano, denied all rumours indicating his imminent departure from the CGT and attributed them to “a destabilizing media operation”. He added he was preparing to defend “workers’ minimum wage”.
Thursday, August 25th 2011 - 00:34 UTC
Uruguay expects smallest wool clip in over a hundred years: 32 million kilos

Uruguay is facing its smallest clip in over a hundred years and the 2011/2012 season’s wool production is estimated to be limited to 32 million kilos according to Joaquin Martinicorena, president of the Uruguay’s Wool Secretariat, SUL.
Thursday, August 25th 2011 - 00:15 UTC
Cristina Fernandez among the 20 most powerful women in the world, says Forbes

Argentine president Cristina Fernandez de Kirchner is the second most powerful Latinamerican woman in the world according to a ranking released by Forbes.
Thursday, August 25th 2011 - 00:09 UTC
Uruguay’s textile industry could have to import 20 million kilos of wool

Uruguay’s textile industry is short of wool and could be forced to import up to 20 million kilos, revealed Uruguayan Wool Secretariat (SUL) CEO Gabriel Capurro during the opening of an ovine industry seminar, organized by the country’s Corriedale breeders association.
Thursday, August 25th 2011 - 00:00 UTC
Brazilian government comes to the rescue of giant meat corporation JBS SA

Brazilian meat giant JBS S.A. has announced that BNDES (Brazilian Development Bank) converted a large amount of JBS debt into equity, boosting the bank’s shareholdings in the company to 30.4% from 17% previously.
Wednesday, August 24th 2011 - 23:53 UTC
Risk of Euro breaking up is holding back US recovery, says Greenspan

The risk that Europe's single Euro currency could break up is the main factor holding back the US economy, former Federal Reserve Chairman Alan Greenspan said, though he stopped short of predicting a new recession in the US.
Wednesday, August 24th 2011 - 23:43 UTC
Japan's turn to have its rating cut blaming debt and political problems

Moody's Investors Service cut this week its rating on Japan's government debt by one notch to Aa3, blaming a build-up of debt since the 2009 global recession and revolving-door political leadership that has hampered effective economic strategies.
Wednesday, August 24th 2011 - 23:22 UTC
Savage infighting in Brazilian coalition exposes President Rousseff political weakness

A Brazilian minister accused his own party of trying to destroy him and said he might not have enough support to continue in his job, raising the odds of yet another high-level departure from President Dilma Rousseff's beleaguered government.
Wednesday, August 24th 2011 - 22:56 UTC
Major earthquake rocks Amazon region of Peru, next to Brazil, felt in Lima

A 7.0-magnitude earthquake struck a remote Amazon region of Peru on Wednesday, shaking office buildings far away in the capital and in neighbouring Brazil although no injuries or damage were reported immediately.
Wednesday, August 24th 2011 - 22:15 UTC
Two-day strike takes off in Chile with Piñera increasingly debilitated

The Chilean capital Santiago was witnessing another tumultuous day on Wednesday as protests started to sweep the nation’s capital and unions called for a two day nationwide shutdown to protest the educational system.