Stories for 2012

Tuesday, October 23rd 2012 - 00:49 UTC
Brazil central bank takes over mid-size bank; seventh bail-out since 2010

Brazil’s central bank took control of Banco BVA SA (BVA), the seventh lender seized or bailed out by regulators since 2010, after finding violations of industry standards and deteriorating finances.
Tuesday, October 23rd 2012 - 00:40 UTC
German luxury car maker BMW joins Brazil automobile industry

German carmaker BMW plans to build a factory in southern Brazil, a more than 200 million Euros investment expected to create 1,000 jobs. The luxury car giant hopes to start building the plant in April next year and producing cars in late 2014.
Monday, October 22nd 2012 - 23:37 UTC
Brazil purchases high-tech oceanographic research vessel

The Brazilian government announced on Monday that it will invest 162 million Reais (81 million dollars) in the purchase of a high-tech oceanography research vessel.
Monday, October 22nd 2012 - 21:20 UTC
FITB showcases Falklands worldwide

MANAGING Director of the Falkland Islands Tourist Board Tony Mason is to lead a team of delegates from the Islands to World Travel Mart in London next month.
Monday, October 22nd 2012 - 19:51 UTC
Bolivia sells 500m dollars bond with 4.875% yield; first time in ninety years

Bolivia returned on Monday to global credit markets for the first time in almost a century with the launch of 500 million worth of 10-year bonds, reflecting investors' confidence.
Monday, October 22nd 2012 - 19:45 UTC
A fifth of Spaniards living below the poverty shows latest stats

Every fifth resident lives in poverty in Spain, new figures showed on Monday.
The national statistics institute INE said 21.1% of the 47-million population lives below the poverty line, meaning they live on less than 7,355 Euros (9,610 dollars) annually.
Monday, October 22nd 2012 - 19:20 UTC
UN Security Council says ARA Libertad incident does not endanger world peace

Argentine Foreign minister Hector Timerman began Monday morning his round of contacts in New York to lobby for the release of the Navy’s training frigate retained in Ghana but suffered a first setback when he met with the president of the UN Security Council, Ambassador Gert Rosenthal.
Monday, October 22nd 2012 - 18:46 UTC
WTO upholds ruling favouring the US in steel products dispute with China

The World Trade Organisation (WTO) has upheld its decision that China's tariffs on imports of certain US steel products were illegal. Beijing had imposed duties on a particular kind of US steel, alleging that its makers were being given subsidies by the US government.
Monday, October 22nd 2012 - 18:40 UTC
Most of ARA Libertad crew should be arriving at Buenos Aires late Wednesday

Argentina confirmed on Monday that most of the crew from the training frigate ARA Libertad retained in Ghana is being evacuated and should arrive in Buenos Aires Wednesday night, in a chartered commercial aircraft. Only a small group of officers and 44 crew members will remain on the impounded vessel for maintenance work.
Monday, October 22nd 2012 - 06:27 UTC
Mercosur to skip Paraguay in December and hand rotating chair to Uruguay

Uruguay’s tenure of Mercosur rotating chair will be advanced six months meaning that at the coming summit in December Brazil will hand over the next six-month responsibility to the administration of President Jose Mujica, thus skipping Paraguay which remains suspended from the South American trade group.