Stories for November 2012

Friday, November 2nd 2012 - 06:42 UTC
Brazil tax-incentives for foreigners to develop local debt markets and finance ‘investment projects’

Brazil granted a tax exemption to foreigners who buy mortgage-backed securities or invest in funds that purchase them after sales of new debt supported by real estate loans fell almost 50% this year.
Friday, November 2nd 2012 - 06:36 UTC
Dollar plunges against the Uruguayan Peso in October; massive inflow of capital

The US dollar suffered in Uruguay during October its greatest fall since January 2009 following on the increase of the Central bank basic rate to 9% at the end of September, which turned Uruguayan bonds far more attractive for foreign investors.
Friday, November 2nd 2012 - 06:33 UTC
Uruguayan central bank indicator shows inflation is close to 11% in 12 months

Uruguay’s central bank said that consumer prices, excluding the most volatile items, have increased almost 11% in the last twelve months to September. Fresh fruit and vegetables, cigarettes and public utility rates are considered ‘volatile prices’.
Friday, November 2nd 2012 - 06:16 UTC
A Panamanian view of the Falkland Islands

Yasmina Reyes is the Editor of the International Section of the La Prensa newspaper in Panama City and was one of the journalists from Central America that recently traveled to the Falkland Islands. She has written the guest post below about her experience.
Friday, November 2nd 2012 - 05:57 UTC
Type-21 Frigate Association present at Remembrance Sunday in UK and Falklands

The Royal Navy Type 21 Association raised funds in support of activities to remember those that have lost their lives in war and peace whilst serving in the Armed Forces. The funds were raised at a successful reunion recently held in Devonport where the eight Type 21 ships were based.
Friday, November 2nd 2012 - 00:02 UTC
Republican New York Mayor endorses Obama for his record on climate change

New York Mayor Michael Bloomberg endorsed President Barack Obama for a second term, citing the importance of his record on climate change, particularly in the aftermath of the devastating blow dealt to the New York area by storm Sandy.
Thursday, November 1st 2012 - 23:33 UTC
Euro-scepticism spreading in the British political system

Britain faces a crisis that could end with the world's sixth largest economy leaving the European Union, Deputy Prime Minister Nick Clegg warned ahead of a showdown over budget spending with other states in the 27-member bloc.
Thursday, November 1st 2012 - 23:28 UTC
Argentina tightens ‘dollar-clamp’: end to mortgage loans in US currency

Argentina tightened the ‘dollar clamp’ a further notch by including mortgage credits, which means people wanting to become home owners will not have access to the US currency.
Thursday, November 1st 2012 - 23:07 UTC
Cristina Fernandez criticizes US court and promises all debt bonds will be paid in dollars

President Cristina Fernández returned to stage on Thursday and assured that Argentina's dollar-denominated debt bonds are to be “paid in dollars” whilst criticizing the New York judiciary for its latest ruling against Argentina, in a speech at the Government House.
Thursday, November 1st 2012 - 16:29 UTC
September industrial production down 1% in Brazil; 12.4% in nine months

Industrial production in Brazil contracted more than expected in September. According to a release from the government stats office IBGE output from Brazilian factories and mines shrank 1% in September from August on a seasonally adjusted basis.