Stories for August 2012

Tuesday, August 7th 2012 - 17:06 UTC
Argentine foreign currency credit cards included in the strict dollar “clamp”

Credit card companies operating in Argentina have also fallen under the net work of the tax office AFIP, and now must request authorization and approval to purchase US dollars to balance their clients’ accounts.
Tuesday, August 7th 2012 - 15:24 UTC
Norwegian organization to help with demining in the Chile-Peru border

Chilean and Peruvian authorities meet Friday in Lima with the humanitarian organization Norwegian People’s Aid which will be responsible for the demining of the two countries border area, announced Peruvian Foreign minister Rafael Roncaglio.
Tuesday, August 7th 2012 - 15:19 UTC
Professional fishermen to catch sharks that are attacking surfers in Reunion Islands

France will hire professional fishermen to kill some 20 sharks off the Indian Ocean island of Reunion this week in an effort to understand the reasons for a series of attacks in the surfing hotspot.
Tuesday, August 7th 2012 - 08:45 UTC
Removed Paraguayan president says he can run again for the Executive office

Former Paraguayan president Fernando Lugo who was removed from office last June following a political impeachment in Congress said he can again be a presidential candidate in the coming April elections.
Tuesday, August 7th 2012 - 08:41 UTC
Food inflation in Latin America reached 8.9% in June, the highest in 2012

Food inflation in Latin America and the Caribbean reached 8.9% in June compared to the same month in 2011, which means the highest so far this year, according to a report from the UN Food and Agriculture Organization, FAO.
Tuesday, August 7th 2012 - 08:33 UTC
Uruguay reacts with silence to repeated Argentine provocations

The Uruguayan government said on Monday there will be no public statements on the latest “situations” with Argentina, and Uruguay will keep to what was agreed at presidential level during the last (31 July) Mercosur extraordinary meeting in Brasilia.
Tuesday, August 7th 2012 - 08:25 UTC
Seeds market clash: Monsanto wins one billion dollars lawsuit to DuPont

Monsanto, the world's largest seed company won a one billion dollars victory over its arch rival in a lawsuit concerning patents in the agricultural seed market. The victory, concerning genetically modified seeds that allow crops to tolerate weed killer, should have little immediate impact in that lucrative marketplace.
Tuesday, August 7th 2012 - 08:19 UTC
US regulator claims Standard Chartered bank laundered 250bn dollars for Iran

Standard Chartered bank illegally “schemed” with Iran to launder as much as 250bn dollars for nearly a decade, a US regulator says. The New York State Department of Financial Services said that the bank hid 60.000 secret transactions for “Iranian financial institutions” that were subject to US economic sanctions.
Tuesday, August 7th 2012 - 08:14 UTC
China central bank anticipates injecting more liquidity in second half of 2012

China's central bank said on Sunday it will strengthen the fine-tuning of its monetary policy in the second half of this year, indicating as many analysts believe that more liquidity may be injected into the world's second largest economy.
Monday, August 6th 2012 - 23:24 UTC
Poor ranking for Uruguay’s main university; Brazil and Chile top of Latam list

Uruguay’s government-financed national university came up in position 79 in the QS academic quality international ranking of the top 100 Latinamerican universities. Brazil, Chile, Mexico, Argentina, Colombia were far better ranked than Uruguay’s Universidad de la Republica, Udelar, which has caused deep concern among government officials.