Stories for 2011

Thursday, November 10th 2011 - 07:43 UTC
Chinese leading bank planning to expand business in Argentina

China Industrial and Commercial Bank Ltd. plans to invest 100 million dollars in Standard Bank Argentina once it receives regulatory approval to buy a majority stake in the company, according to Argentine financial sources.
Thursday, November 10th 2011 - 07:36 UTC
Obama/CFK meeting “warm” but Argentina must pay its debts

The US referred to last week’s meeting between Barack Obama and President Cristina Fernández as “warm,” but once again “encouraged” Argentina to pay off the debt it holds with US bondholders and companies.
Thursday, November 10th 2011 - 06:44 UTC
The Falkland Islands in search for a voice

By John Fowler - In the first of a planned series of extended articles written exclusively for the Penguin News web site, Deputy Editor John Fowler examines the causes of the frustration felt by many Falkland Islanders in the face of the recent plethora of statements issuing from the Argentine propaganda machine
Thursday, November 10th 2011 - 06:31 UTC
Uruguay advised to lower Mercosur expectations and ‘follow your own interests’

Mercosur expectations must be lowered and made to prosper in energy integration, infrastructure and trade, said a Uruguayan leading economist adding that without sounding dramatic “we must follow our interests”.
Thursday, November 10th 2011 - 06:17 UTC
Uruguay best place to live in Latin America, says Legatum Institute

Uruguay is the best place to live in Latin America according to the Legatum Institute fourth year index on quality of life conditions which ranks 110 countries world wide representing 90% of world population and 97% of the global economy.
Thursday, November 10th 2011 - 06:14 UTC
Uruguay claims Brazilian support in “fiscal haven” controversy with Sarkozy

A top Uruguayan official said the country has the support of Brazil regarding the controversy triggered when President Nicholas Sarkozy as host and ‘rapporteur’ of the recent G20 summit named Uruguay in the list of the world’s most notorious fiscal havens.
Thursday, November 10th 2011 - 06:11 UTC
Euro crisis: Brazil says capital flight from emerging economies has started

Members from the Brazilian and Uruguayan governments have warned about the increase of capital flight from emerging countries as the Euro crisis lags in search of a strong decision.
Thursday, November 10th 2011 - 06:05 UTC
Unasur council addresses initiative to compare military spending in the region

The Unasur Defence Council is scheduled to meet Thursday and Friday in Peru to address an action plan for 2012, which once approved will help estimate and compare in a more compatible way military expenditure.
Thursday, November 10th 2011 - 06:01 UTC
War zone in Rio as police prepares to take control of the city’s biggest favela

Brazilian police made two key arrests Wednesday in Rio de Janeiro's biggest favela (slum) as they ready to take control of the area from drug traffickers, in anticipation of the 2014 World Cup and 2016 Olympic Games.
Thursday, November 10th 2011 - 05:59 UTC
Italy at the point where Greece, Ireland and Portugal cracked; global markets on the edge

Stock markets in Asia opened sharply lower on Thursday after Italy's record-high cost of borrowing renewed fears over the Euro-zone crisis. Japan's Nikkei index fell 2.3%, Australia's ASX was down 2.8% while South Korea's Kospi opened 2.6% lower.