Stories for November 2012

Monday, November 5th 2012 - 13:02 UTC
Argentina calls on G20 for global action against ‘predatory’ actions from ‘vulture funds’

Argentine Economy Minister Hernán Lorenzino called for developed countries to set limits to ‘vulture funds’ and credit rating agencies as “promoters of the global crisis,” as he addressed the G20 Finance Ministers meeting in Mexico on Sunday.
Monday, November 5th 2012 - 12:53 UTC
Peruvian ambassador in Argentina resigns after meeting with ‘terrorist group’

Peruvian Ambassador to Buenos Aires, Nicolás Lynch, resigned to his post after he met with members of an organization suspected to be linked with guerrilla group Shining Path, the Peruvian Foreign Ministry informed.
Monday, November 5th 2012 - 12:46 UTC
World’s most expensive palatial house in London on the market for 100 million pounds

The world's most expensive four-storey palatial house, in London's plush neighborhood has gone on the market at a staggering 100 million pounds. One Cornwall Terrace is a Grade 1 listed mansion overlooking Regent's Park in London.
Monday, November 5th 2012 - 12:29 UTC
Argentines disapprove of Cristina, the opposition and reviewing the constitution

Six out of ten Argentines disapprove the performance of President Cristina Fernandez and an overwhelming 80% is against a possible new re-election if a constitutional review is finally passed by Congress, according to the latest opinion polls released in the Buenos Aires weekend media.
Sunday, November 4th 2012 - 06:40 UTC
Argentina private sector increasingly isolated from foreign money markets

Earlier in the week Standard & Poor’s ratings services lowered to ‘B-’ from ‘B’ its unsolicited long-term sovereign credit rating on Argentina and on Friday the ratings agency said it is taking a similar rating actions on four Argentine banks and 16 Argentine corporations.
Sunday, November 4th 2012 - 06:37 UTC
Argentine farmers claim floods are delaying sowing and threaten expected 2012/13 boom crop

Fourteen million hectares are affected by floods in Argentina’s prime farm land provinces and the presence of water jeopardizes the harvest of grains, according to farming sector leaders.
Sunday, November 4th 2012 - 06:33 UTC
Will China’s next president, Xi Jinping, bring about change?

By Gwynne Dyer - By the end of November 6, we will know who will be the president of the United States for the next four years. We already know who will be the leader of China for the next 10 years, although Xi Jinping will not be officially installed in power until a few days later. But some would argue that that is the more important event.
Sunday, November 4th 2012 - 06:31 UTC
Peru slashes anchovy quota by 68%; fish meal prices forecasted to soar

Peru slashed its commercial fishing quota as warmer water temperatures and controversial practices deplete stocks of anchovy in one of the world’s richest fisheries. The government cut its quota for this summer’s anchovy season by 68% to 810.000 tons, the smallest allowance in 25 years.
Sunday, November 4th 2012 - 06:24 UTC
Argentina to blast ‘vulture funds’ at the G20 ministerial meeting in Mexico

Argentine Economy Minister Hernán Lorenzino and Central Bank Governor Mercedes Marcó del Pont are leading the country’s delegation in the technical G20 meeting in Mexico, where they are expected to insist on the government’s criticisms against ‘vulture funds’ and credit rating agencies.
Saturday, November 3rd 2012 - 04:20 UTC
IMF top marks for Uruguay’s economy but beware of inflation and wage indexation

An International Monetary Fund (IMF) mission headed by Ulric Erickson von Allmen visited Uruguay from October 22 to November 2 to conduct the country’s annual Article IV consultation. At the conclusion of the visit, Mr. Erickson von Allmen division chief in the IMF’s Western Hemisphere Department issued the following statement in Montevideo: