Stories for 2012

Wednesday, October 31st 2012 - 20:51 UTC
India/Brazil with highest government debt/GDP ratios among leading emerging economies

India and Brazil have the highest government debt ratios at almost 70% of GDP among top ten emerging market economies, according to a report by Deutsche Bank.
Wednesday, October 31st 2012 - 20:44 UTC
Brazil’s primary budget surplus rapidly narrowing but Central bank confident target is within reach

Brazil's primary budget surplus narrowed in September, distancing the government from its full-year surplus target, but the central bank said that target is still within reach. The accumulated primary surplus of January through September narrowed to 75.8 billion Brazilian Reais (37.3 billion dollars) from 104.6 billion Reais in the same period a year earlier.
Wednesday, October 31st 2012 - 20:22 UTC
Iran/Argentina dialogue ‘positive’ and will continue end of November, says Timerman

Foreign Minister Héctor Timerman announced at Government House in Buenos Aires that new negotiations between diplomatic representatives of Argentina and Iran over the investigation into the 1994 AMIA terrorist attack, will take place before the end of November.
Wednesday, October 31st 2012 - 20:12 UTC
Mercosur members, except Paraguay, de-listed from EU import preference scheme

The European Union issued on Wednesday its revised import preference scheme - known as the Generalised Scheme of Preferences (GSP) - for developing countries most in need which will take effect from 1 January 2014, revealing that all Mercosur full members, except for Paraguay, will no longer benefit.
Wednesday, October 31st 2012 - 18:12 UTC
Council of Europe promotes personal data protection in Latin America

The Council of Europe is promoting international co-operation in the field of personal data protection, in particular by encouraging non member states to ratify the Convention for the protection of individuals with regard to Automatic Processing of Personal Data, also known as Convention 108. Uruguay has started the process for its ratification and therefore may become the first non-Council of Europe member state to accede to the convention.
Wednesday, October 31st 2012 - 06:56 UTC
Bolivia asks Sean Penn to help lobby in the dispute with Chile over a sea outlet

Bolivia asked visiting Oscar-winner Sean Penn Tuesday to help lobby for La Paz to regain a bit of Pacific coast, and escape the ranks of landlocked states. Evo Morales, the populist president of the arid nation high in the Andes, asked the US actor to help its campaign to press Chile to overhaul treaties that ended a 19th-century war that cost Bolivia its coast and gave the land to Chile.
Wednesday, October 31st 2012 - 05:17 UTC
Sandy’s destruction along the US East coast estimated in 20bn dollars

Businesses on the US East Coast have continued to be disrupted by storm Sandy, with total damage estimated at between 10bn and 20bn dollars. Sandy has flooded subway and road tunnels in much of Lower Manhattan.
Wednesday, October 31st 2012 - 04:57 UTC
NYSE resumes trading Wednesday despite NY transport system remains limited

Stock markets, shuttered for two days by Hurricane Sandy’s punch ashore, plan to reopen Wednesday. The New York Stock Exchange’s parent company, NYSE Euronext, said trading would commence as usual with a 9:30 a.m. opening bell.
Wednesday, October 31st 2012 - 04:51 UTC
Argentine-Iran dialogue is ‘over’, says Jewish community rejecting Teheran’s denial of any involvement

The president of the Argentine Jewish Community centre, AMIA, Guillermo Borger said that if Iran insists in rejecting any links with the 1994 attack in which 85 people were killed and 300 injured, the current dialogue between Argentina and Teheran on the issue “is over”.
Wednesday, October 31st 2012 - 04:44 UTC
S&P lowers Argentina’s rating, as credit-default insurance soars to highest in the world

Argentina’s credit rating was cut one level by Standard & Poor’s, which referred to a US appeals court ruling that prevents the country from honouring its debt without also paying holders of its defaulted bonds.