Stories for 2011

Thursday, August 18th 2011 - 06:47 UTC
Positive rating outlook for Argentina although warnings on inflation effects

The Fitch rating agency decided to maintain a positive rating outlook for Argentina, although it warned about the effects of inflation.
Thursday, August 18th 2011 - 06:41 UTC
Brazil economic activity fell in June for the first time since 2008

Brazil's economic activity fell in June for the first time since 2008. The central bank's IBC-Br economic activity index fell 0.26% in June from May the first sequential drop since December 2008, when the global financial crisis plunged major economies into recession.
Thursday, August 18th 2011 - 06:37 UTC
Cristina Fernandez “must have done something right” to have 50% support

Buenos Aires City Mayor Mauricio Macri’s campaign advisor Jaime Durán Barba considered that President Cristina Fernández de Kirchner “must have done something right” to get so many votes in last Sunday’s primary elections, and assured that the Alfonsín-De Narváez alliance “is the one that lost most votes.”
Thursday, August 18th 2011 - 06:26 UTC
FIFA is “like an old boys’ network” claims Transparency International

FIFA should limit terms for senior officials, set up an independent group to clear up anti-corruption allegations and “embrace transparency,” corruption watchdog Transparency International (TI) said.
Thursday, August 18th 2011 - 03:00 UTC
CFK message to business leaders: cut imports, boost supply, State assures demand

Argentine President Cristina Fernández de Kirchner, CFK, demanded a “cultural change” from business and corporate leaders so as to bring down imports and increase the supply of goods and services, as well as doubling investments, while the State ‘stimulates demand’.
Thursday, August 18th 2011 - 02:54 UTC
Brazilian Agriculture minister steps down following corruption allegations

Brazilian Agriculture minister Wagener Rossi resigned to his post Wednesday following revelations of irregularities in his office thus becoming the fourth minister to step down, in eight months, of President Dilma Rousseff administration.
Wednesday, August 17th 2011 - 23:42 UTC
La Niña threatens Brazil and Argentina crops says Oil World

South American grain and oilseed production may be in jeopardy from the formation of a La Niña weather pattern, which might curb rainfall in parts of Brazil and Argentina, Oil World said.
Wednesday, August 17th 2011 - 23:36 UTC
IMF chief Lagarde on trial for complicity of embezzlement in France

French magistrates formally opened an investigation into IMF chief Christine Lagarde this week for possible misconduct in approving a huge payment to a friend of President Nicolas Sarkozy when she was Finance minister.
Wednesday, August 17th 2011 - 23:15 UTC
Venezuela: biggest oil reserves, but also record corruption and mismanagement

Venezuela received an enviable honour last month: OPEC said it is sitting on the biggest reserves of crude oil in the world – even more than Saudi Arabia. But the Venezuelan oil industry is also sitting atop a well of trouble.
Wednesday, August 17th 2011 - 23:06 UTC
Record prices for Uruguayan beef but insufficient cattle in 2011/2012

Uruguay’s beef industry is short of cattle and the annual slaughter for 2011 is expected to be the lowest in a decade, similar to ten years ago when the foot and mouth disease crisis that isolated the country from world markets.