Stories for 2011

Wednesday, December 7th 2011 - 02:00 UTC
Positive reaction to Cristina Fernandez names for top cabinet posts

The Argentine government unveiled on Tuesday the list of the new cabinet members for President Cristina Fernández second mandate which will start next Saturday when she takes the oath of office. The initial reactions were positive both in the political system and from markets.
Wednesday, December 7th 2011 - 01:57 UTC
Obama sends Geithner in support of the ‘Merkozy” Euro rescue plan

US Treasury Secretary Timothy Geithner threw his weight on Tuesday behind a Franco-German plan to tackle the Euro zone's sovereign debt crisis and said the European Central Bank had to play a major role in any solution.
Wednesday, December 7th 2011 - 01:54 UTC
S&P downgrade warning, “the best news” to find an EU solution, says Schaeuble

German Finance Minister Wolfgang Schaeuble said Standard & Poor’s downgrade warning for 15 Euro- area governments will spur European leaders to double efforts to resolve the debt crisis at the Dec. 8-9 summit.
Wednesday, December 7th 2011 - 01:51 UTC
Conciliatory message from new ‘K’ president of the Argentine Lower House

The newly appointed Argentine Lower House president, Julián Domínguez, in a conciliatory message assured on Tuesday that “plurality is guaranteed in Congress” and called for “everyone’s political commitment to guarantee everybody’s interests.”
Tuesday, December 6th 2011 - 23:50 UTC
“It’s a good joke…I’m hoping for a tie for Christmas” from Benetton

Venezuelan President Hugo Chávez laughed off a Benetton advertisement that showed him kissing his ideological adversary and US counterpart Barack Obama, admitting that it was a “good joke.”
Tuesday, December 6th 2011 - 20:20 UTC
Brazil slowdown faster than expected: negative growth in the third quarter

Brazil’s economy shrank in the third quarter, prompting the government to slash its growth forecast for the year, one week after announcing stimulus measures to contain the spillover from Europe’s debt crisis.
Tuesday, December 6th 2011 - 19:04 UTC
Chilean education system tends to “exclusion and discrimination” says UNESCO

The Chilean education system promotes inequality and exclusion according to a report from UNESCO regional office released in Santiago, based on comparing education legislation from Argentina, Uruguay and Finland.
Tuesday, December 6th 2011 - 18:51 UTC
Forum to promote trade and investment relations Latam-India

The potential of India for Latinamerican exports and investment opportunities was underscored during the presentation of a report “India and Latin America and the Caribbean, opportunities and challenges in trade and investment relations” sponsored by the UN Economic Commission for Latin America and the Caribbean, ECLAC.
Tuesday, December 6th 2011 - 18:49 UTC
Boom of the wind power energy in north-east Brazil: 11.2 MW by 2014

Brazil is going through a wind power boom as production prices fall and government incentives attract a growing number of foreign suppliers. The wind power sector has a current capacity of around 1,400 megawatts, and is expected to grow nearly eight-fold by 2014, according to the Brazilian Association of Wind Energy ABEEolica.
Tuesday, December 6th 2011 - 18:21 UTC
Repsol-YPF extracts almost 10% of Ecuador’s oil production

Repsol-YPF has raised its output in Ecuador to 45.000 bpd thanks to two new wells in the Amazon region, although the Spanish oil major still is forecasting a steady decline in production in the coming years, company executives said.