Stories for August 23rd 2012

Thursday, August 23rd 2012 - 01:59 UTC
OAS to dispatch mission to accompany and observe Paraguay’s political process

The Organization of American States (OAS) agreed on Wednesday to dispatch of a mission to Paraguay to accompany and observe the electoral process in the country that will conclude with the general elections of April 21, 2013.
Thursday, August 23rd 2012 - 01:52 UTC
“We need to prepare for war to live in peace”, says Paraguayan Defence minister

“We must prepare for war to live in peace” said Paraguay’s Defence minister Maria Liz Garcia in reference to the new geopolitical situation following the suspension of Paraguay as a member of Mercosur and Unasur.
Thursday, August 23rd 2012 - 01:46 UTC
Argentine government economists agree the Peso in over-valued and hurts non primary exports

Three Argentine economists, particularly close to the government of President Cristina Fernandez have admitted that the Argentine Peso is overvalued and is causing problems for non commodity exports which need to be addressed.
Thursday, August 23rd 2012 - 01:38 UTC
US Congress budget office warns “fiscal cliff” is already holding back the economy

The US Congress budget office launched on Wednesday a stern warning: massive spending cuts and tax hikes due next year will cause even worse economic damage than previously thought if Washington fails to come up with a solution.
Thursday, August 23rd 2012 - 01:33 UTC
The US Fed considering round of monetary stimulus “fairly soon”

The Federal Reserve is likely to deliver another round of monetary stimulus “fairly soon” unless the economy improves considerably, minutes from the US central bank's August meeting show.
Thursday, August 23rd 2012 - 01:27 UTC
Russia joins WTO after for 18 years; Putin plans greater global role for Moscow

Russia's formally joined on Wednesday 22 August the World Trade Organization after having waited for 18 years. On July 21, President Vladimir Putin signed the final accession document approved by all WTO countries, a final step clearing the way for Wednesday’s formal entry.
Thursday, August 23rd 2012 - 01:20 UTC
Carter Centre absent as observer from Venezuelan October presidential election

The Atlanta based Carter Centre said this week that it declined an invitation from Venezuela's National Electoral Council to have a team at the country's Oct. 7 presidential election. The Centre said it received the invitation too late ”to evaluate it and organize the necessary experts and financing”.
Thursday, August 23rd 2012 - 01:12 UTC
Merkel, Hillary and Rousseff the three most powerful women, says Forbes

Forbes magazine ranked German Chancellor Angela Merkel the most powerful woman in the world for the second year in a row in the annual list dominated by politicians, businesswomen and media figures. US Secretary of State Hillary Clinton placed second, followed by Brazilian President Dilma Rousseff, making the top three spots unchanged from last year.
Thursday, August 23rd 2012 - 00:58 UTC
Chavez pledges 130bn investment to boost oil production to 6 million bpd by 2019

Some 130 billion dollars will be invested in Venezuela's Orinoco Oil Belt between 2013 and 2019 to boost national production from 3 million barrels per day to 6 million bpd, President Hugo Chavez announced on Tuesday evening.
Thursday, August 23rd 2012 - 00:50 UTC
Where’s the cheapest to ‘fill her up’? Venezuela: 12.8 US cents a liter of petrol

Venezuela, the latest entry as full member of Mercosur has the cheapest petrol price in the world, 8 pennies per liter, (1 £ trading at 1.59 dollars on 22 August) according to the latest report from UK website, “This is money”, based on a research from Evans Halshaw.