Stories for January 2012

Wednesday, January 25th 2012 - 04:06 UTC
IMF warns Euro zone crisis is dragging down the world economy

The Euro zone debt crisis is escalating and dragging down the world economy, the International Monetary Fund said on Tuesday, as it sharply cut its outlook for global growth and called for policies to restore confidence.
Wednesday, January 25th 2012 - 03:58 UTC
Brazil record foreign direct investment more than compensates current account deficit

Brazil posted a record-high current account deficit in 2011 on rising profit remittances by multinational companies and massive spending abroad by Brazilian tourists, but the deficit was more than covered by another record, this time for foreign direct investment, the central bank said Tuesday.
Wednesday, January 25th 2012 - 03:52 UTC
Lula da Silva back on the political stage next to President Dilma Rousseff

Former Brazilian president Lula da Silva currently undergoing treatment for larynx cancer, returned on Tuesday to the political stage after three months of absence, for the inauguration ceremony of two new ministers from the cabinet of President Dilma Rousseff
Tuesday, January 24th 2012 - 04:12 UTC
President Cristina Fernandez resumes office on Wednesday “stronger than ever”

Argentine Acting President Amado Boudou announced on Monday that Cristina Fernández is “stronger than ever” and will resume her activities on Wednesday after her medical leave absence due to a false-positive thyroid cancer surgery last 4 January.
Tuesday, January 24th 2012 - 04:08 UTC
Argentina rams ahead with imports rules: “it is understandable people are upset”

The Argentine government ratified it won’t postpone the new legislation on imports as requested by local business leaders and minimized the current conflict with Brazilian industrialists who have bitterly complained about the new restrictions.
Tuesday, January 24th 2012 - 04:05 UTC
Uruguay expanded 6% in 2011 and fiscal deficit dropped to 0.8% of GDP

Finance Minister Fernando Lorenzo said that Uruguay’s economy in 2011 expanded an estimated 6%, the ninth year running of sustained growth, and the budget fiscal deficit was 0.8% of GDP.
Tuesday, January 24th 2012 - 04:00 UTC
Biggest solar storm in 7 years could disrupt satellite and electric ground communications

The biggest solar storm in seven years to hit the Earth will begin Tuesday early morning, according to the US National Oceanic and Atmospheric Administration’s (NOAA) Space Weather Prediction Centre. It will likely cause the largest solar radiation storm that the earth has encountered since 2005.
Tuesday, January 24th 2012 - 03:54 UTC
Argentine lawmakers after Socialist International support in Falklands’ dispute

Members of Argentina’s opposition expect the Socialist International meeting in Costa Rica to express solidarity with Argentina’s Falklands/Malvinas sovereignty claim and also call on the UK to begin negotiations.
Monday, January 23rd 2012 - 23:44 UTC
Greece publishes “shame” list of tax evaders, totaling 14.8 billion Euros

The Greek government published a list of the country’s worst tax evaders on Sunday, after months of warning those same evaders to pay up or risk being named and shamed.
Monday, January 23rd 2012 - 23:39 UTC
EU joins US: bans oil imports from Iran and imposes further economic sanctions

The European Union banned imports of oil from Iran on Monday and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at deflecting Tehran’s nuclear development program.