Stories for August 2013

Thursday, August 8th 2013 - 13:52 UTC
Uruguay concludes successfully the issue of a new 2024 global bond

Uruguay sold 2 billion in a new 2024 global bond at a yield of 4.521% as a part of a debt liability operation that includes a debt swap, the government said on Wednesday.
Thursday, August 8th 2013 - 03:33 UTC
Wonders of marihuana: sigh of relief as Vazquez confirms his presidential candidacy

Uruguayan former president Tabare Vazquez confirmed on Wednesday he will run for the presidency next year, following a meeting with representatives from the groups which constitute the voting majority of the ruling Broad Front catch-all coalition.
Thursday, August 8th 2013 - 03:17 UTC
Cristina Fernandez booed when she visited site of a tragic building collapse

Argentine President Cristina Fernandez was booed and insulted when she visited on Wednesday afternoon at the site in the city of Rosario where at least ten people died when a several stories building collapsed following a major gas leak explosion.
Thursday, August 8th 2013 - 03:15 UTC
Bank of England ‘forward guidance’: no rate rise until unemployment falls to 7%

The Bank of England's new Governor Mark Carney said the central bank will not consider raising its record low interest rate and stimuli until unemployment falls below 7%.
Thursday, August 8th 2013 - 03:10 UTC
Argentina Electoral court urges Congress to revise laws on state advertising in campaign periods

Argentina’s National Electoral Court urged the Congress to revise the laws concerning state advertising in electoral periods so as not to benefit ruling party candidates. There have been several claims that President Cristina Fernandez is going over the line in supporting her candidates.
Thursday, August 8th 2013 - 03:05 UTC
Argentina central bank turned into state-financing tool: recession and higher inflation forecasted

Argentina is forecasted to fall into recession next year on the back of super-loose money policy with inflation reaching 24% this year and 30% in 2014 as the government continues to appeal to Central bank resources to meet budget commitments, according to London based Capital Economics.
Wednesday, August 7th 2013 - 17:53 UTC
Hague and Garcia-Margallo committed to diplomatic solution to Spain/Gibraltar border dispute

British Foreign Secretary William Hague spoke on Wednesday to his Spanish peer Jose Garcia Margallo with the commitment of finding a diplomatic solution to the dispute at the Spain/Gibraltar border.
Wednesday, August 7th 2013 - 17:49 UTC
Brazil’s Dilma celebrates decline in food prices reflected in ‘contained’ inflation

The first decline in food prices in two years provided temporary assistance to Brazilian President Dilma Rousseff’s efforts to tame inflation. Prices as measured by the benchmark IPCA index rose 0.03% in July and more encouraging with prospects for prices to remain unchanged.
Wednesday, August 7th 2013 - 17:45 UTC
Brazil farmers ask until when will ideology prevail over economics and trade in Mercosur

“Until when will we allow ideology to prevail over economics, markets, competitiveness grounding the great vessel of Brazilian trade in the port of little regional pretensions”, asks Katia Abreu in a column published in Folha de Sao Paulo openly criticizing the administration of Dilma Rousseff for its Mercosur policy and the results of the recent Montevideo summit.
Wednesday, August 7th 2013 - 17:42 UTC
AI top level mission to Brazil to discuss indigenous peoples’ rights and police violence

Indigenous peoples’ rights and police violence are the focus of a High Level Mission (HLM) by Amnesty International’s Secretary General, Salil Shetty in Brazil where he is scheduled to meet with top politicians and officials to discuss an array of human rights abuses and violations which need to be addressed.