Stories for November 2012

Thursday, November 22nd 2012 - 18:56 UTC
Street killings and violence in Sao Paulo knock out the state’s head of security

The head of the Sao Paulo state police who held the post for seven years quit Wednesday amid a surge of deadly violence in Brazil’s largest city and the industrial and financial hub of the country.
Thursday, November 22nd 2012 - 14:50 UTC
Argentina’s outbursts backfire: Judge Griesa orders payment to holdout bond investors

Argentina suffered a stinging blow late Wednesday when New York federal judge Thomas Griesa, citing threats by the country's leaders to defy his rulings in a decade-old dispute over defaulted sovereign bonds, ordered immediate payment.
Thursday, November 22nd 2012 - 13:55 UTC
Bolivia formally invited to join Mercosur as full member at December’s summit

Bolivia was formally invited to join Mercosur as a full member for which negotiations can begin in the coming summit December 7 in Brasilia. The invitation was made official by Mercosur High Commissioner Ivan Ramalho during a visit to La Paz where the met with Foreign minister David Choquehuanca and Economy and Planning ministers Luis Arce and Viviana Caro.
Thursday, November 22nd 2012 - 07:38 UTC
Hamburg tribunal confirms hearings on ARA Libertad impounded at Ghana port

The Law of the Sea Tribunal in Hamburg confirmed the oral hearings’ date for 29 and 30 November referred to the Argentine vessel ARA Libertad impounded and retained in Ghana since 2 October, with a previous day of consultations with both litigants on 28 November.
Wednesday, November 21st 2012 - 21:18 UTC
Another Argentine province confirms ‘pesification’ of dollar-denominated bonds

Another Argentine province, Formosa announced that it would be repaying in Pesos its dollar-denominated bonds (FORM3) issued under local law, at an exchange rate of 4.81 Pesos per dollar.
Wednesday, November 21st 2012 - 20:51 UTC
Argentina with the world’s fourth highest inflation, says private bank

Argentina is the country with the world’s fourth highest inflation, behind Sudan, South Sudan and Byelorussia, according to a report from a leading Argentine bank from the City of Buenos Aires.
Wednesday, November 21st 2012 - 20:49 UTC
Brazil’s development bank sees economy picking up as loan requests increase

Company inquiries about tapping Brazil's BNDES state development bank for loans is up 30% the past two months, a strong sign of potential growth in the near future for a sluggish economy, the bank's president revealed in the US.
Wednesday, November 21st 2012 - 20:07 UTC
Brazil increases gold holdings to 52.5 tons, according to the IMF

Brazil increased gold reserves for a second month in October to the highest level in more than 11 years as emerging nations from Kazakhstan to Russia boosted holdings by more than 40 metric tons.
Wednesday, November 21st 2012 - 20:01 UTC
Ghana rejects Argentine plea to drop case of impounded frigate ARA Libertad

Ghana rejected on Wednesday Argentina’s plea for Accra City’s Commercial Tribunal to drop the case that kept the ARA Libertad navy training frigate impounded at Tema port since October 2nd.
Wednesday, November 21st 2012 - 08:13 UTC
Sir Rex Hunt helped change British thinking towards the Falklands

Falklands Governor Nigel Haywood underlined the influence of Sir Rex Hunt on the attitude of the British government and British thinking towards the Falklands, helping to understand that “the lives of the Islanders really had to come first”.