Stories for 2011

Wednesday, August 3rd 2011 - 02:53 UTC
Uruguay disappointed with Indian group downgrading iron-ore project priority

The Uruguayan government was taken aback by the announcement that the Indian iron-ore mining group Zamin Ferrous has decided to downgrade the priority of its several hundred millions dollar project in Uruguay from position one to four.
Wednesday, August 3rd 2011 - 00:31 UTC
Brazil announces 16bn dollars plan to prop industry and weaken the Super Real

A package of tax breaks and incentives unveiled Tuesday by Brazilian president Dilma Rousseff represent a good start to help local companies overcome competitive challenges presented by adverse local and global economic factors, but still fall short of what's needed, Brazilian industrial leaders said.
Wednesday, August 3rd 2011 - 00:10 UTC
China says there’s no way of escaping dollar dominance… in the short term

United States' debt woes still threaten the global economy despite the last-minute deal struck by the White House and political party leaders, China's main official newspaper said on Tuesday, adding there was no short-term escape from the dominance of the dollar.
Tuesday, August 2nd 2011 - 22:28 UTC
Is Argentina a safe country for tourists?, questions the French media

Following the killing of two French young women tourist-packers in the northern Argentine province of Salta, --with criminals still at large--, the issue of security, safety and crime in Argentina has been widely exposed in the European and Unite States media, particularly the so-called ‘express kidnapping”.
Tuesday, August 2nd 2011 - 22:26 UTC
A man arrested in connection to the weapon used in the double murder in Salta

A man was arrested Tuesday in connection with the double murder case in Salta, where two French tourists were killed in the area of la Quebrada San Lorenzo last Friday, a Salta official informed.
Tuesday, August 2nd 2011 - 21:44 UTC
US consumers cut spending in June for the first time in two years

US consumer spending unexpectedly fell in June to post the first decline in nearly two years as incomes barely increased, a government report showed, suggesting economic growth could remain subdued in the third quarter.
Tuesday, August 2nd 2011 - 21:37 UTC
Wall Street fears possible downgrade of US rating in spite of vote on debt ceiling

Wall Street dropped on worries about a possible downgrade of the United States' top credit rating and signs of economic weakness even as the US Congress passed on Tuesday a bill to avoid a debt default.
Tuesday, August 2nd 2011 - 21:29 UTC
Emergency bells ringing in Europe: Italy and Spain in the Euro danger zone

Financial market pressure on Italy intensified on Tuesday, sucking Europe's second biggest debtor nation deeper into the Euro area danger zone and prompting emergency consultations in Rome and among European capitals.
Tuesday, August 2nd 2011 - 15:46 UTC
Geithner admits battle over debt limit has damaged confidence in the US economy

US Treasury Secretary Timothy Geithner said he is not sure whether the bitterly fought debt agreement to be considered by the US Senate will avoid a downgrade of the U.S. top-tier credit rating.
Tuesday, August 2nd 2011 - 15:41 UTC
Uruguay condemns statements denying Holocaust by Iran ambassador

Uruguay has condemned statements denying the Holocaust made by Iran's ambassador in Montevideo Hojatollah Soltani