Stories for 2011

Thursday, August 4th 2011 - 19:32 UTC
Argentina manufacturers demand similar ‘Brazilian package’ to prop industry

Following on the steps of her Brazilian peer who this week unveiled an ambitious plan to prop industry, Argentine President Cristina Fernandez de Kirchner met with the country’s leading business and corporate representatives and promised her government would take all the necessary measures to defend the market from the massive influx of outer region imported goods.
Thursday, August 4th 2011 - 19:21 UTC
US gross national debt equivalent to 100% of GDP, first time since 1947

The United States gross debt shot up 238 billion dollars to reach 100% of GDP after the government's debt ceiling was lifted, Treasury figures showed. On Tuesday, the Treasury had to add more than 200 billion of commitments immediately after President Barack Obama signed into law an increase in the debt ceiling.
Thursday, August 4th 2011 - 19:14 UTC
Compromise achieved, fiscal reform is the next chapter, says Geithner

Following the political agreement which enabled the US Congress to lift the debt ceiling and avoid default, Treasury Secretary Timothy Geithner wrote a piece for The Washington Post, where he displays what in his opinion are the following steps for the world’s largest economy to restore fiscal responsibility and sustainability.
Thursday, August 4th 2011 - 18:24 UTC
Plan in Juan Fernandez archipelago to protect Chilean endangered species

With 131 plant species unique to the Chilean Juan Fernández archipelago, nature enthusiasts and experts sometimes hail the island chain as the Galapagos of flora.
Thursday, August 4th 2011 - 13:56 UTC
”Against All Odds: Rescue at the Chilean Mine” exhibit opens in Washington

After nearly six months of planning, the Chilean Embassy in the United States—headed by Ambassador Arturo Fermandois—is refining the final details for the opening of a new exhibit at the Smithsonian National Museum of National History in Washington, D.C., on the historic rescue of the 33 Chilean miners last October.
Thursday, August 4th 2011 - 06:39 UTC
Brazil to request additional exceptions from Mercosur common external tariff

Brazil will request at least 100 additional exceptions from Mercosur common external tariff, TEC, as part of the program to prop local industry that was announced earlier this week and includes tax relief to the tune of 16 billion dollars.
Thursday, August 4th 2011 - 06:36 UTC
July marked the second largest net inflow, in record, of dollars into Brazil: 15.8bn

Brazil registered its second-largest volume of net monthly foreign-exchange inflows on record in July. Net dollar inflows in the month reached 15.83 billion, compared with 2.56 billion in net outflows in June and only 713 million in net inflows in July last year.
Thursday, August 4th 2011 - 06:32 UTC
While the world rejects flood of dollars, in Argentina it’s a ‘flight to safety’

While in the rest of South America governments are trying to make the inflow of US dollars more difficult in Argentina the greenback is in great demand as the coming presidential election has triggered a solid “flight to safety”.
Thursday, August 4th 2011 - 06:28 UTC
Uruguay soy crop reached 1.5 million tons with average yield of 1.788 kilos

Soybean was king of corps in Uruguay last summer with 1.5 million tons planted in 862.000 hectares and with an average yield of 1.788 kilos per ha, according to the latest data from the country’s Agriculture Statistics Office, DIEA.
Thursday, August 4th 2011 - 06:25 UTC
Argentina’s car production up 27.2% and exports 25% in seven months of 2011

Argentina’s car output increased 27.2% in the first seven months of the year and totalled 462,926 units, according to the Association of Automotive Factories (ADEFA). In July production soared to 70,628 units, increasing 22.6% to the same month last year.