Stories for March 7th 2013

Thursday, March 7th 2013 - 07:01 UTC
IMF mission in Argentina to check financial system, in framework of G20

Officials from the International Monetary Fund and the World Bank arrived in Argentina on Tuesday to evaluate the country's financial system as part of checkups agreed among Group of 20 nations, according to a report from the official state news agency, Telam.
Thursday, March 7th 2013 - 06:56 UTC
Cuban leadership trusts Venezuelan oil and financial aid will continue to pour in

A mix of sorrow, self-interest and dread took hold of Cuba as word spread like wildfire that Venezuelan President Hugo Chávez, who had done so much for the country, was dead. While the official newscast devoted its entire program to events unfolding in Caracas, the government reaction was slow in coming.
Thursday, March 7th 2013 - 06:52 UTC
Gibraltar represented for the first time at United Nations Commission

For the first time ever Gibraltar is represented at the United Nations Commission on the status of women. Minister for Equality and Social Services, Samantha Sacramento has been attending the United Nations Commission on the Status of Women (CSW) 57th Session at the United Nations Headquarters in New York.
Thursday, March 7th 2013 - 06:47 UTC
Chilean court halts construction of huge power plant for the copper industry

A court in Chile has halted the construction of a huge power plant being built by a Spanish company, after fishermen charged that the massive project would harm the environment and ruin their livelihood.
Thursday, March 7th 2013 - 06:42 UTC
Cash-short Petrobras shares surge following raise in diesel prices

Brazil’s Petrobras shares surged in Wednesday trading after the company surprised investors with a 5% increase in domestic diesel wholesale prices. The latest increase helps offset investor disappointment with January's lower-than-expected jump in gasoline and diesel prices, which had pushed Petrobras's shares to a seven-year low in recent sessions.
Thursday, March 7th 2013 - 06:39 UTC
Brazil basic rate unchanged at record low 7.25%, but inflation could reverse policy

Brazil’s central bank on Wednesday kept its benchmark rate at a record low 7.25% for the third straight meeting as policy makers seek to prop the anaemic economy which last year only advanced 0.9%.
Thursday, March 7th 2013 - 06:33 UTC
US soy exports with a price edge over Brazil plagued with logistical shipment problems

US farm officials forecast a tough autumn battle between Brazilian and US soybean exports, as Brazil attempts to make up for a poor start to 2012-13, with shipments hurt by logistical hiccups. US Department of Agriculture staff in Brasilia, while cutting their forecast of the Brazilian soybean crop to 82.5m tons, stood by a forecast of soybean exports of 39m tons for 2012-13, report agrimoney.
Thursday, March 7th 2013 - 06:27 UTC
Nine Brazilians join the Forbes list of new billionaires

On the 2013 Forbes World’s Billionaires List, of 1.426 billionaires, there are 210 newcomers from 42 countries. Nine of those newcomers are from Brazil, bringing the total count in that country to 46 billionaires. Three of the newcomers in Brazil are women. According to Forbes the Brazilian newcomers who have joined the Forbes Billionaires ranks in 2013 are:
Thursday, March 7th 2013 - 01:11 UTC
French company investing 205m dollars in two wind farms with 35 turbines

French Akuo Energy has broken ground at two maiden wind farm developments in Uruguay totalling 92MW, as it prepares to expand its footprint across Latin America.
Thursday, March 7th 2013 - 00:46 UTC
Uruguay’s central bank acts to contain inflation out of target for three years running

Uruguay's central bank announced on Wednesday it will raise marginal reserve requirements on local and foreign currency deposits from April 1 as part of its effort to bring inflation within the official target range, which has been missed in the last three years.