Stories for September 12th 2013

Thursday, September 12th 2013 - 05:14 UTC
Mega-regional accords could lead “to redefinition of world trade rules by 2020”

One of the main features emerging with the current international economic situation is mega-regional negotiations linking the main world production networks: Europe, North America and Asia and sometimes skirting WTO, according to the latest report on the Latinamerican and Caribbean economy from Eclac (UN Economic commission for Latam and the Caribbean).
Thursday, September 12th 2013 - 05:07 UTC
US Supreme Court on September 30 will consider if it hears Argentina’s appeal on hedge funds

The US Supreme Court will use its Sept. 30 private conference to consider whether to hear Argentina’s appeal in a clash affecting billions of dollars in defaulted debt. The schedule, revealed on Wednesday on the court’s public docket, means the justices may say as early as Oct. 1 whether they will review a 2012 federal appeals court ruling that requires Argentina to pay holders of defaulted bonds if the country makes payments on restructured debt.
Thursday, September 12th 2013 - 04:50 UTC
OAS will monitor Panama general elections next 4 May 2014

The Organization of American States, OAS, Electoral Observation Mission is visiting Panama to monitor the organization of the General Elections of May 4, 2014, in response to an invitation from the country’s electoral and governmental authorities.
Thursday, September 12th 2013 - 02:01 UTC
Second pulp mill in Uruguay delays beginning production until next year

The second pulp mill in Uruguay, Montes del Plata is not expected to begin operations until the first half of next year, according to the latest reports from the same corporation which is an association of Chile’s Copec and Finland’s Stora Enso.
Thursday, September 12th 2013 - 01:55 UTC
Spanish government recommends Repsol ‘negotiations’ with Argentina over YPF

Spanish Foreign minister Jose Manuel Garcia-Margallo said that the ‘best solution’ for Spain and Argentina on the dispute over the seizure of a majority stake of YPF from Repsol is “negotiations” and emphasized that Madrid will back Spanish corporations in what it ‘considers convenient’.
Thursday, September 12th 2013 - 01:49 UTC
Argentina thanks Paraguay for granting General Peron asylum in 1955

The government of President Cristina Fernandez thanked Paraguay for granting political asylum to Juan Domingo Peron, three times elected president of Argentina, at their embassy in Buenos Aires, when he was ousted by a military coup in September 1955
Thursday, September 12th 2013 - 01:42 UTC
S&P downgrades Argentina’s credit rating to the level Cyprus and Egypt

Argentina’s long-term sovereign foreign currency credit rating was cut one level by Standard & Poor’s, which cited a US Appeals Court ruling that prevents the country from honouring its debt without also paying holders of defaulted bonds in full.
Thursday, September 12th 2013 - 01:20 UTC
Argentina inflation in August according to congressional index: 2.11%

Inflation in Argentina during August climbed 2.11% and 25.2% in the last twelve months according to the release from the Congress Freedom of expression commission. The so called Congressional index is an average of private consultants that have been intimidated from making public their estimates by the government of President Cristina Fernandez.
Thursday, September 12th 2013 - 01:14 UTC
Latam trade and growth reflects the weak global economy says Eclac

The foreign trade performance of Latin America and the Caribbean reflects the weak global economy. Regional export values are expected to grow by just 1.5% in 2013 (3% in volumes and -1.5% in prices) - which is similar to the 1.4% growth observed in 2012.
Thursday, September 12th 2013 - 01:02 UTC
Chilean presidential front-runner heads ceremony at former Pinochet detention centre

Former Chilean president and current front-runner in the November election Michelle Bachelet headed a ceremony at former detention centre Villa Grimaldi as part of the country’s commemoration of the coup led by General Augusto Pinochet against Socialist president Salvador Allende on 11 September 40 years ago.