Stories for 2011

Tuesday, July 5th 2011 - 05:44 UTC
Toyota Mercosur temporarily closing plants due to lack of parts

Toyota, the world's biggest automaker said Monday it will temporarily halt work at factories in Brazil and Argentina due to the lack of parts from Japan after the massive March quake and tsunami.
Tuesday, July 5th 2011 - 05:36 UTC
Spain next candidate to request major aid package, say London bookies

Following the second rescue of Greece, Spain is the next candidate to request a major financial aid package according to William Hill one of the largest bookmakers in the United Kingdom.
Tuesday, July 5th 2011 - 03:23 UTC
June’s index shows result of Uruguay’s battle with inflation remains uncertain

Uruguay consumer prices increased 0.35% in June, completing 8.61% in the last twelve months, which remains above the Central bank target of 4% to 6%, and the latest estimate of 7.8% presented last week by the Executive in its additional budget report to Congress.
Tuesday, July 5th 2011 - 00:24 UTC
Mercosur attempt to implement a common trade defence policy ‘won’t be easy’

Mercosur idea of a common trade defence policy has been present since the nineties but the initiative is difficult to implement because agreeing on a joint safeguard does not necessarily meet the demands of different interests, according to a leading economist from Brazil’s Getulio Vargas Foundation, GVF.
Tuesday, July 5th 2011 - 00:20 UTC
Paraguay and Uruguay claim Argentina is obstructing regional power agreement

Argentina is delaying the sale of Paraguayan power to the Uruguayan market (which must cross Argentine territory) for reasons ‘as least publicly’ unknown for both sides interested in the deal, according to the Uruguayan and Paraguayan press.
Tuesday, July 5th 2011 - 00:15 UTC
Brize Norton becomes the new home for the RAF Hercules Force

As of this month RAF Lyneham's Hercules fleet has a new base at RAF Brize Norton which is becoming critically important as an RAF logistics support hub including the air bridge with the Falkland Islands.
Monday, July 4th 2011 - 23:17 UTC
Peruvian president-elect will meet Obama and Clinton in Washington

Peruvian president-elect Ollanta Humala will be meeting next Wednesday President Barack Obama and Secretary of State, Hillary Clinton. Humala is expected in Washington on Tuesday.
Monday, July 4th 2011 - 19:18 UTC
EU/Mercosur launch ‘timid’ sixth round of trade negotiations in Brussels

Mercosur/European sixth round of negotiations to reach a wide ranging cooperation and trade agreement took off Monday in Brussels, but rather timidly with no immediate prospects of an exchange of proposals for market access.
Monday, July 4th 2011 - 18:05 UTC
Redefining ‘default’ so that private banks can roll over Greek debt

Ratings agency Standard and Poor's warned on Monday that efforts to bailout Greece involving private banks could amount to a debt default even as Brussels sees progress being made in resolving the crisis.
Monday, July 4th 2011 - 18:00 UTC
OECD warns the Euro Central Bank about ‘aggressive’ hike of interest rates

The European Central Bank should not hike interest rates aggressively and wait for stronger Euro zone growth before increasing rates after this week's expected move, OECD head Angel Gurria said on Monday.