Stories for 2011

Friday, August 12th 2011 - 06:11 UTC
Brazilian economy “highly dependent on external financing and current account deficit”

The Brazilian economy may face a potential crisis as its fragile foundation could barely withstand the impact of a new global financial turmoil, a local economist warned.
Friday, August 12th 2011 - 06:09 UTC
Brazil says stadiums will be ready on time for the 2014 World Cup

Brazilian President Dilma Rousseff on Thursday brushed aside concerns over delays in preparations for the 2014 World Cup, insisting that all stadiums would be ready in time for the tournament.
Friday, August 12th 2011 - 02:53 UTC
China prepared to let the Yuan appreciate to help managed ‘imported inflation’

The Chinese Yuan is ready to appreciate more rapidly against the dollar in coming months as it takes on a bigger role in Beijing’s box of monetary policy tools, a group of official Chinese newspapers reported on Friday.
Friday, August 12th 2011 - 02:27 UTC
LAN-TAM deal approves first antitrust hurdle in Brazil; complaint in Chile

The antitrust unit of Brazil's Finance ministry on Thursday recommended the approval of a plan by Chilean airline LAN to buy rival Brazilian rival TAM Linhas Aereas, saying the deal will not harm competition in the country's civil aviation market.
Thursday, August 11th 2011 - 23:51 UTC
Chilean students organizing new demonstrations to protest education system

Clashes between Chilean students and police continued in the capital Santiago, while government bureaucrats meet with student leaders to negotiate an end to the unrest which has rocked the capital for weeks.
Thursday, August 11th 2011 - 23:40 UTC
President Rousseff orders ‘clean up’ of the Agriculture and Tourism ministries

Brazilian president Dilma Rousseff ordered a “cleanup and fumigation” in the Agriculture ministry following claims of lobbyism and suspended all tenders at the Ministry of Transport where the minister and his top staff resigned because of corruption charges.
Thursday, August 11th 2011 - 23:28 UTC
Two weapons used in the killing of French tourists in northern Argentina

Ballistic forensic reports in the case investigating the murder of two French tourists in the Argentine northern province of Salta, determined that at least two firearms were involved in the killings, sources indicated on Thursday.
Thursday, August 11th 2011 - 23:22 UTC
Argentine ratifies trade Mercosur-Israel trade agreement

Argentina ratified this week the free trade agreement reached between Mercosur and Israel, the first to be signed by the South American block with an outer zone party.
Thursday, August 11th 2011 - 23:17 UTC
Unasur planning an emergency fund to help contain capital flight attacks

The Unions of South American Nations, Unasur, finance officials are considering creating a 10 to 20 billion dollars emergency fund to assist nations that experience capital flight should the global economic crisis deepen, according to financial sources.
Thursday, August 11th 2011 - 23:12 UTC
PM Cameron promises to track down and punish rioters and looters

British Prime Minister David Cameron, facing a defining crisis of his premiership, promised on Thursday to crack down on street gangs as a national priority and said rioters behind Britain's worst violence in decades would be hunted and punished.