Stories for 2011

Monday, August 22nd 2011 - 07:32 UTC
In spite of global crisis, leading Spanish bank optimistic about Latam outlook

In spite of world turbulences the Latin America economy will expand 4.8% in 2011 and 4% in 2012 and 2013 boosted by the high price for commodities and strong domestic demand, according to the Spanish bank BBVA, on its “Latinamerica report”.
Monday, August 22nd 2011 - 07:28 UTC
Argentina expected to approve the use of Bayer GM soy-seeds

Mercosur full member Argentina this week is expected to approve the use of genetically-modified soy seeds made by German company Bayer as part of its push to increase farm production, a top Argentine official said on the weekend.
Monday, August 22nd 2011 - 07:22 UTC
Chavez health and ‘arbitrary laws’ make S&P downgrade Venezuela’s rating

US ratings agency Standard & Poor's downgraded Venezuela's foreign and local currency sovereign ratings by one notch Friday, citing the country's political risk as a credit weakness.
Monday, August 22nd 2011 - 07:19 UTC
Biden tells China US power not waning and anticipates a bumpy 2012

US Vice President Joe Biden rejected views that US power is waning and said Washington would never default, wrapping up a China visit that has played down tensions between the world's two biggest economies. He also anticipated 2012 was a ‘transition year” both for the US and China
Monday, August 22nd 2011 - 07:10 UTC
Venezuela has requested 99 tons of gold holdings from the Bank of England

Venezuela’s central bank has requested its 99 tons of gold holdings from the Bank of England, according to a bank statement sent by e-mail, citing the institution’s president Nelson Merentes.
Monday, August 22nd 2011 - 07:08 UTC
Main suspect in murder of French tourists admits being at the scene of the crime

One the men arrested for the July murder of two French tourists in Argentina's Salta province has confessed he was at the scene of the crime, his lawyer said Saturday.
Monday, August 22nd 2011 - 07:01 UTC
Argentina needs ‘no contingency or emergency plan’ to face the crises

Economy Minister Amado Boudou rejected the possibility that Argentina launches a brusque devaluation of its currency to make exports more competitive and insisted Argentina needs no emergency or contingency plan to face the challenge of the current crisis in the developed economies.
Monday, August 22nd 2011 - 06:55 UTC
Uruguay and Colombia have best ‘business climate’ in Latin America

Business climate remained stable in Latin America during the second quarter of the year in spite of signs of the incipient global financial crisis, according to the Brazilian Foundation and think-tank Getulio Vargas. Uruguay and Colombia led the pack of the most pro-business countries in the region.
Monday, August 22nd 2011 - 06:51 UTC
Tripoli crowds cheer Libyan rebels as they take the city; pockets of resistance

A convoy of Libyan rebels rolled early Monday morning into central Tripoli past celebrating crowds after a day of heavy fighting in and around the capital. Crowds on Green Square cheered them, waving flags and firing salutes.
Saturday, August 20th 2011 - 06:52 UTC
Latam markets follow world trend but fall less than the US and EU

Latin American stocks fell on Friday as deepening fears of a US recession and a wider financial crisis that could result from Europe's debt troubles kept investors cautious.