Stories for July 13th 2012

Friday, July 13th 2012 - 23:46 UTC
Rousseff pledges to prop the economy but with no EU-style austerity measures

Brazil will not adopt EU-style austerity measures to tackle its economic crisis and will instead cut taxes and maintain social programs, President Dilma Rousseff said on Friday.
Friday, July 13th 2012 - 23:41 UTC
Former PM Berlusconi will return as candidate in next year’s general election

Former Italian Prime Minister Silvio Berlusconi will return to frontline politics as the centre-right candidate in next year's general election, a senior official in his PDL party was quoted this week.
Friday, July 13th 2012 - 23:34 UTC
Paraguayan presidential hopeful said the country should in no way abandon Mercosur

Horacio Cartes a presidential hopeful from the Paraguayan hegemonic Partido Colorado said that exiting Mercosur would only cause the closure of industries and the loss of thousands of jobs in the country.
Friday, July 13th 2012 - 07:01 UTC
Brazil calls OAS to consider Mercosur and Unasur statements on Paraguay

Brazil considers “important” that the Organization of American States, OAS, takes into consideration the decisions from Mercosur and Unasur relative to the suspension of Paraguay from the two regional groupings.
Friday, July 13th 2012 - 06:59 UTC
Argentine resident can only purchase “tourist dollars” through banks

The dollar clamp continues to advance in Argentina: foreign currency for overseas travel will only be available in the official market with a bank check or debit from the buyer’s current account. This is considered the latest interpretation from last week’s resolution banning savings in the US currency.
Friday, July 13th 2012 - 06:52 UTC
The Argentine government moves into the power distribution sector

Argentina's government appointed an “observer” Thursday to oversee business operations at the power distributor Edesur SA, after the company reportedly failed to make a payment to a regulatory company.
Friday, July 13th 2012 - 06:44 UTC
Argentine 2011/12 soy harvest 20% lower than previous year because of dry-spell

Argentina's 2011/12 soy harvest has come at an expected 39.9 million tons, but 20% lower than the previous year's crop after a Pampas dry spell dashed early-season hopes of bumper crop, the Buenos Aires Grains Exchange said on Thursday.
Friday, July 13th 2012 - 06:36 UTC
Argentine organized labour splits and pledges to challenge Cristina Fernandez

Argentina’s CGT Central Labour Confederation leader Hugo Moyano, who on Thursday was re-elected for a third period during the umbrella organization’s congress warned that “we will have to rethink our vote in 2013 if the Government (of President Cristina Fernandez) does not give an answer to our claims.”
Friday, July 13th 2012 - 03:21 UTC
Commons report reveals UK sold £ 2.3m of military equipment to Argentina

The British government must exercise more caution in granting licences for the export of arms, according to a parliamentary report which mentions authoritarian regimes such as Bahrain but also areas of direct concern for UK such as Argentina and the Falklands.