Stories for June 2012

Saturday, June 2nd 2012 - 03:22 UTC
Argentine experts on alert in Athens to help with bail-out if Greece exits the Euro

American International Group Inc (AIG) has assigned staff from Argentina to advise their counterparts in Athens as the bailed-out insurer prepares for a possible Greek exit from the Euro.
Saturday, June 2nd 2012 - 03:17 UTC
Repsol’s only purpose was “to milk dry” YPF of resources and reserves

Argentine President Cristina Fernandez made the historic decision to nationalize oil and gas company YPF at “the right moment” because Repsol was “milking dry” YPF resources and reserves, said Planning Minister Julio De Vido and Deputy Economy minister Axel Kicillof at a press conference at the Economy ministry in Buenos Aires.
Saturday, June 2nd 2012 - 03:01 UTC
Black Friday for markets; US dismal jobs report and European crisis

US stocks fell more than 2% on Friday, dragging the Dow Jones into negative territory for the year after a dismal US jobs report added to fears that Europe's spiralling debt crisis was dragging down the world economy.
Saturday, June 2nd 2012 - 02:49 UTC
Euro zone unemployment hits a new record low: 17.4 million out of work

Euro zone unemployment has hit a record high, and job losses are likely to keep climbing as the bloc's devastating debt crisis eats away at businesses' ability to hire workers while indebted governments continue to cut staff.
Friday, June 1st 2012 - 17:29 UTC
Brazilian industrial output contracted for a second straight month in April

Brazil’s industrial output unexpectedly contracted for a second straight month in April even as the government steps up measures to boost economic growth.
Friday, June 1st 2012 - 07:07 UTC
US delegation at OAS assembly will reiterate Falklands/Malvinas a bilateral issue

United States will reiterate at the coming OAS General Assembly that the Falklands/Malvinas Islands difference is a bilateral issue to be resolved between Argentina and the UK, which means the US delegation, will not take position in a possible declaration in support of Argentina.
Friday, June 1st 2012 - 07:03 UTC
Brazil’s former Central bank president named head of Lazard Americas

Lazard Ltd. announced this week the appointment of Henrique Meirelles as Chairman, Lazard Americas, effective immediately. Meirelles was former President of the Central Bank of Brazil.
Friday, June 1st 2012 - 06:57 UTC
Jaguar-Land Rover follows BMW puts plans to build a plant in Brazil on hold

Jaguar Land Rover, the luxury car unit of India's Tata Motors has followed Germany's BMW AG in suspending plans to build a new plant in Brazil as tax changes and slowing growth have given premium auto makers cold feet about investing in a potentially lucrative market.
Friday, June 1st 2012 - 06:52 UTC
Paraguayan president returns after a two-week controversial tour of Asia

Paraguayan President Fernando Lugo returns home this week after a two-week” tour of Asia where he went in search of new markets for Paraguay’s two largest exports, beef and soy.
Friday, June 1st 2012 - 06:46 UTC
Lack of political support freezes Chile’s biggest multi-dam project

Chile’s biggest dam project involving 7 billion dollars and already delayed by protests over plans to flood 14,000 acres of Patagonia wilderness, suffered a fresh setback after one of its investors said the venture lacks political support to proceed.