Stories for October 2012

Thursday, October 11th 2012 - 05:26 UTC
Seed giant Monsanto suspended in Argentina on allegations of tax irregularities

Argentine authorities suspended the local unit of US seed giant Monsanto from a local grains registry over allegations of tax irregularities. The company denied the allegations in a statement issued late on Wednesday.
Thursday, October 11th 2012 - 04:59 UTC
The three challenges faced by Latinamerica democracies, according to OAS

Secretary General of the Organization of American States (OAS), José Miguel Insulza, said on Wednesday at the opening ceremony of the Third Latin American Democracy Forum in Mexico City, that “at present the democracies of Latin America and the Caribbean face three major risks to their integrity: inequality, organized crime, and the lack of dialogue between political actors”.
Thursday, October 11th 2012 - 04:45 UTC
Argentine central bank confirms no restrictions for governments to purchase dollars

The Argentine central bank confirmed on Wednesday that there is no money exchange restrictions for the federal government or provinces to purchase US dollars to honour public debt issued offshore.
Thursday, October 11th 2012 - 04:41 UTC
In divided decision Brazil central bank cuts basic rate another 25 points to 7.25%

Brazil's central bank on Wednesday slashed its interest rate for the 10th time since August last year, to a record low of 7.25%, in a bid to stimulate the sluggish economy.
Thursday, October 11th 2012 - 04:23 UTC
Chavez prepares his succession: names Foreign minister Maduro Vice-president

Venezuela's President Hugo Chávez named Foreign minister Nicolás Maduro as his new vice-president on Wednesday in the first change of cabinet after Sunday's re-election.
Thursday, October 11th 2012 - 04:09 UTC
S&P cuts Spain’s credit rating to BBB minus just above junk territory

Standard & Poor's cut Spain's sovereign credit rating to BBB-minus, just above junk territory, citing a deepening economic recession that is limiting the government's policy options to arrest the slide.
Thursday, October 11th 2012 - 04:04 UTC
Nobel in chemistry for advancing inner workings of G-protein-coupled receptors

Two US scientists won the 2012 Nobel Prize for chemistry for research into how cells respond to external stimuli that is helping to develop better drugs to fight diseases such as diabetes, cancer and depression.
Wednesday, October 10th 2012 - 20:53 UTC
Cristina, get serious

By Jorge Araya - The Argentine president’s misguided perspective threatens her country.
(The following piece was published in the Harvard Crimson from Harvard University. It is considered the US oldest continuously published daily college newspaper, was founded in 1873 and incorporated in 1967).
Wednesday, October 10th 2012 - 19:33 UTC
BAS merger plan triggers debate; fears of ‘diminished’ British presence in Southern Ocean

UK government plans to merge the British Antarctic Survey with the National Oceanography Centre have triggered global debate among scientists and politicians with former US Vice-president Al Gore wading into the discussion and fears in the Falkland Islands of a diminished “British presence” in the region.
Wednesday, October 10th 2012 - 18:50 UTC
Argentine creditors want 20m dollars to release ARA Libertad retained in Ghana

Argentina is refusing to pay the 20 million dollars in ransom that New York hedge fund dealer Paul Singer is demanding in exchange for releasing the country’s Naval training vessel currently retained in the port of Tempa, Ghana, West Africa, reports the New York Post.