Stories for July 2012

Wednesday, July 18th 2012 - 17:03 UTC
Geithner defends US response during the 2008 Libor-rate credibility slump

US Treasury Secretary Timothy Geithner defended his response in 2008 to concerns that emerged over the benchmark Libor interest rate, arguing on Wednesday that US regulators pushed early and forcefully for reforms.
Wednesday, July 18th 2012 - 16:57 UTC
ECB warns Euro countries will have to yield fiscal, debt and economic policy sovereignty

The Euro zone will have to get powers to limit the debt issuance of its members, intervene in national budgets and change national policies to build a deeper economic union, ECB Executive Board Member Joerg Asmussen said.
Wednesday, July 18th 2012 - 09:30 UTC
Mercosur tribunal will rule on Paraguay’s appeal questioning suspension

Mercosur Review Standing Tribunal admitted the demand presented by the government of President Federico Franco against the suspension of Paraguay and thus object the incorporation of Venenzuela as full member of the regional block
Wednesday, July 18th 2012 - 09:07 UTC
Chavez announces fund in support of Venezuelan business to export to Mercosur

Venezuelan president Hugo Chavez announced the creation of a strategic fund geared to support public and private exports to Mercosur, following his confirmation that he will fly to Brazil for the formal incorporation of his country as a full member of the block that also includes Argentina, Brazil, Uruguay and suspended Paraguay.
Wednesday, July 18th 2012 - 09:03 UTC
Argentina will attend Ibero-American summit next November in Spain

Argentina will be attending the Ibero-American Summit to be held November 16/17 in the Spanish city of Cadiz confirmed the International Cooperation Secretary of State for Ibero-America, Jesús Gracia Aldaz.
Wednesday, July 18th 2012 - 08:58 UTC
Brazil’s nominee for securities regulator chosen from the private sector

Leonardo Gomes Pereira, the chief financial officer of Brazilian airline Gol Linhas Aereas was nominated on Tuesday to head the country's securities regulator, in an unexpected pick outside the institution. Finance Minister Guido Mantega nominated Pereira to head the regulator, the CVM, the ministry said in a statement.
Wednesday, July 18th 2012 - 08:46 UTC
Penguins washed up along south Brazil died of natural causes, say scientists

Researchers at the Brazilian Center for Coastal Studies at the Federal University of Rio Grande do Sul in southern Brazil believe that 745 penguins found washed up along the state's coastline since June 15 have died of natural causes.
Wednesday, July 18th 2012 - 08:37 UTC
Argentina’s industrial production in May slumped 5.1%, says Industrial Union

Argentina's industrial production in May slumped 5.1% from a year earlier due to a sharp slowdown in the automotive, non-metal minerals and base metals sectors, manufacturer chamber UIA said in its monthly report Tuesday.
Wednesday, July 18th 2012 - 08:30 UTC
“Informal” and “blue” dollar in Argentina soars to 6.60 and 6.78 Pesos

Argentina's Peso sank in informal trade on Tuesday due to intense demand for US dollars from anxious savers and holidaymakers dodging the government clamp on international currency purchases.
Wednesday, July 18th 2012 - 08:18 UTC
“New” YPF first shareholders’ meeting turns dividends into investment fund

Argentina’s seized oil and gas corporation YPF drastically cut dividend payments and created an investment fund following the first shareholders meeting since the nationalization by President Cristina Fernandez.