Stories for March 2013

Friday, March 22nd 2013 - 21:16 UTC
World Bank outstands Uruguay as a success story in economic and social recovery

Under the heading of: “From crisis to opportunity: supporting an effective economic and social recovery with innovation and flexibility”, the World Bank outstands Uruguay as a success story, from the downfall of 2001/02, mainly consequence of the Argentine melting to the sustained recovery since 2004/05.
Friday, March 22nd 2013 - 14:22 UTC
Falkland Islands Referendum, White Puffs of Smoke?

By Professor Klaus Dodds & Dr Alasdair Pinkerton - The celebrations on Arch Green, outside the Falkland Islands’ Stanley Cathedral, on Monday 11 March, revealed the strength of emotion and passion that has circulated around this referendum process, ever since it was announced in June 2012.
Friday, March 22nd 2013 - 07:19 UTC
Argentina threatens with ‘flexible imports’ to ensure supply of consumer goods

Argentine president Cristina Fernandez announced the government is prepared to make imports more flexible in those areas where a few companies have a quasi-monopoly control, but also warned about windfall profiteering.
Friday, March 22nd 2013 - 07:14 UTC
Falkland Islands’ referendum an act of value, say Uruguayan Parliamentarians

“I was surprised that such a small community with so few human resources to organise an electoral act did things so well, so properly, in conformity with international standards. This was a demonstration of a desire that this should be an act of value, not only in terms of its effects in the Falklands themselves, but also for the international image of a legitimate process.”
Friday, March 22nd 2013 - 07:09 UTC
Moody’s marks eroding capital position of two of Brazil’s main state-run banks

Moody's Investors Service lowered this week the long-term issuer ratings of Brazilian state banks BNDES and Caixa Econômica Federal, citing their eroding capital position after years of rapid credit expansion, but spared the also government controlled Banco do Brasil.
Friday, March 22nd 2013 - 07:04 UTC
Bernanke de-personalizes his job: the Fed a ‘terrific team’ and ‘no single person is essential’

Federal Reserve Chairman Ben Bernanke admitted speaking to President Barack Obama about his future and that he feels no personal responsibility to stay at the helm until the Fed winds down its unprecedented policies to stimulate the US economy.
Friday, March 22nd 2013 - 06:59 UTC
Falklands’ invasion: documents show Conservatives were divided on how to react

Senior Tories were initially sceptical about going to war over the Falkland Islands, newly released papers from Margaret Thatcher's personal archive show. A note from the whips' office following Argentina's 1982 invasion reported solid support for military action from some Conservative MPs, but others were privately hostile.
Friday, March 22nd 2013 - 06:55 UTC
Brazil/China closer to promote trade in national currencies; announcement at BRICS summit

Brazil hopes to sign a bilateral accord with China to promote trade in their national currencies at next week's BRICS summit of the world's five emerging powers, Trade and Industry Minister Fernando Pimentel said on Thursday.
Friday, March 22nd 2013 - 06:43 UTC
Chilean experts investigate death of millions of dead prawns washed to the coast

Chilean experts and prosecutors are investigating the appearance of millions of dead prawns that washed up on a beach in southern Chile this week carpeting a three-kilometre strand in red.
Friday, March 22nd 2013 - 06:36 UTC
Pescanova planning to sell assets in Chile to reorganize finances

The main creditor banks of the Galician multinational firm Pescanova, (which is under a probe from the Spanish stock market regulator), argue that the only way the firm can reorganize its financial situation is through the total or partial sale of its subsidiary in Chile by means of a Preventive Judicial Agreement.