Stories for 2012

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.
Monday, August 6th 2012 - 22:14 UTC
Bernanke appeals to the Himalayas to help explain current economic duress

Federal Reserve Chairman Ben Bernanke said that although broad measurements of the United States economy point to recovery, many people and businesses are facing tough times.
Monday, August 6th 2012 - 22:02 UTC
Dollar deposits and loans erosion in Argentina as restrictions become stricter

The strict and tightening US dollar purchase restrictions imposed in Argentina were clearly exposed in the banking system dollar deposits and loans during the last week of July when they dropped 3%, having accumulated 43% in the last few weeks, according to official data from the central bank.
Monday, August 6th 2012 - 21:30 UTC
Abuse of Chilean indigenous peoples questioned by human rights organizations

The Inter-American Commission on Human Rights (IACHR) spoke out against human rights violations in the Araucanía region in south-central Chile on Thursday, calling on the government to investigate the chain of events last week resulting in the injuries of two minors by police bullets.
Monday, August 6th 2012 - 21:18 UTC
US Noble Energy farms in to explore for oil in east and south Falklands’ waters

London AIM listed Falkland Oil and Gas announced it has reached an agreement to farm out a 35% stake in most of its Falkland Islands’ exploration licenses to the US Noble Energy to help fund its drilling plans off the Islands.