Stories for April 2012

Wednesday, April 4th 2012 - 04:04 UTC
Spain with no relief: record unemployment and soaring national debt

Spain says its national debt will spiral sharply higher this year as data showed unemployment hit a record high in March, complicating efforts to stabilise the country's strained finances.
Wednesday, April 4th 2012 - 02:39 UTC
Fitch ratings says Brazil’s current slowdown is cyclical and likely to return to potential

According to a special report published Tuesday on Brazil, Fitch Ratings believes that the country's current slowdown is cyclical in nature and that economic growth is likely to return to its potential rate.
Wednesday, April 4th 2012 - 02:35 UTC
Boeing to open an aerospace research and technology centre in Sao Paulo

US air industry giant Boeing announced today that it will establish a research and technology centre in Sao Paulo that will work with Brazil’s leading researchers and scientists to develop aerospace technologies.
Wednesday, April 4th 2012 - 02:28 UTC
A decade later S&P lifts Uruguay’s rating to investment grade

Uruguay’s credit rating was raised one level by Standard & Poor’s, which means the country has returned to investment grade for the first time in a decade.
Wednesday, April 4th 2012 - 02:25 UTC
Brazilian Senate will only deal directly with FIFA president Blatter

A panel of the Brazilian Senate on Tuesday canceled a planned meeting with FIFA secretary general Jerome Valcke, who last month caused uproar with his outspoken criticism of the country's 2014 World Cup preparations.
Wednesday, April 4th 2012 - 02:20 UTC
Brazil soy farmers expected to plant a record acreage after this year’s dismal crop

Brazilian farmers will likely plant at least 26.2 million hectares with soybeans in the next crop, up 1.1 million hectares from the current 2011-12 crop, forecaster Agroconsult said Tuesday.
Wednesday, April 4th 2012 - 01:47 UTC
YPF shares plummet on growing investors’ fear of Argentine government takeover

Shares in Argentina's biggest energy company, YPF plummeted on Tuesday because of growing investor fear over a possible government plan to seize control of the oil firm.
Wednesday, April 4th 2012 - 01:40 UTC
Argentina blasts PM Cameron ‘profound error’ of glorifying colonialism

The Argentine Foreign Ministry strongly rebuked comments made by UK Prime Minister David Cameron on Monday, the thirtieth anniversary of the start of the Malvinas War and blasted the UK’s “persistent glorification of colonialism”.
Wednesday, April 4th 2012 - 01:37 UTC
Brazil announces 35bn dollars stimulus measures to prop industry

Brazil announced on Tuesday tax cuts and other stimulus measures worth about 65 billion Reais (35 billion dollars) to protect the country’s struggling industry from what she said were “predatory” trade practices by rich nations.
Tuesday, April 3rd 2012 - 22:36 UTC
Foreign Office condemns violent actions against UK embassy in Buenos Aires

The Foreign Office condemned on Tuesday today what it called “violent actions of a minority” following Monday’s demonstration on the surroundings of the British Embassy located at the Recoleta neighbourhood, Buenos Aires City.