Stories for 2012

Saturday, June 2nd 2012 - 04:19 UTC
Argentine senator admits having lost his temper regarding his savings in dollars, “I regret it”

The most outspoken soldier of President Cristina Fernandez, Senator and former Cabinet Chief Aníbal Fernández regretted on Friday his controversial outburst on Thursday when he admitted having savings in dollars and it was nobody’s business what he did with his money.
Saturday, June 2nd 2012 - 04:16 UTC
Brazil expands 0.2% in first quarter; stimuli measures still have to impact, says Mantega

Brazil's economy barely expanded in the first quarter as frustrated business leaders cut back on investments, casting new doubt on the health of emerging markets.
Saturday, June 2nd 2012 - 04:07 UTC
World-wide celebrations as Overseas Territories honour Queen’s Diamond Jubilee

Like many other countries around the world, the UK's Overseas Territories will be marking The Queen's Diamond Jubilee by lighting Beacons. They will join the Beacon lighting across the UK, continuing a tradition, first started to communicate but now carried out as a symbol of unity.
Saturday, June 2nd 2012 - 03:57 UTC
Lula da Silva back in race if President Dilma Rousseff does not try re-election

Brazil's former President Lula da Silva admitted during a television interview that he will be presidential candidate in the 2014 elections if current Head of State Dilma Rousseff does not run for re-election.
Saturday, June 2nd 2012 - 03:50 UTC
Argentine construction slides and could worsen because of US dollar restrictions

Argentina's construction activity experienced a notable slowdown in April, the latest indicator pointing to a cooling of economic growth. Looking ahead prospects are not encouraging given the strict restrictions on US dollars, which is the main currency for real estate operations in Argentina.
Saturday, June 2nd 2012 - 03:42 UTC
Buenos Aires province farmers on 9 days commercial strike against higher taxes

Farmers Argentina's top agricultural province of Buenos Aires will halt sales of grains and livestock for nine days to protest against a tax hike passed by the local Congress on Thursday, threatening corn and soy shipments from a leading global exporter.
Saturday, June 2nd 2012 - 03:22 UTC
Argentine experts on alert in Athens to help with bail-out if Greece exits the Euro

American International Group Inc (AIG) has assigned staff from Argentina to advise their counterparts in Athens as the bailed-out insurer prepares for a possible Greek exit from the Euro.
Saturday, June 2nd 2012 - 03:17 UTC
Repsol’s only purpose was “to milk dry” YPF of resources and reserves

Argentine President Cristina Fernandez made the historic decision to nationalize oil and gas company YPF at “the right moment” because Repsol was “milking dry” YPF resources and reserves, said Planning Minister Julio De Vido and Deputy Economy minister Axel Kicillof at a press conference at the Economy ministry in Buenos Aires.
Saturday, June 2nd 2012 - 03:01 UTC
Black Friday for markets; US dismal jobs report and European crisis

US stocks fell more than 2% on Friday, dragging the Dow Jones into negative territory for the year after a dismal US jobs report added to fears that Europe's spiralling debt crisis was dragging down the world economy.
Saturday, June 2nd 2012 - 02:49 UTC
Euro zone unemployment hits a new record low: 17.4 million out of work

Euro zone unemployment has hit a record high, and job losses are likely to keep climbing as the bloc's devastating debt crisis eats away at businesses' ability to hire workers while indebted governments continue to cut staff.