Stories for September 2013

Wednesday, September 18th 2013 - 20:33 UTC
Fed decides to keep stimulus: fears of economy sluggishness and still slow labour market

In a surprise move after a two-day meeting the US Federal Reserve said on Wednesday that it would continue buying bonds at a rate of 85 billion dollars monthly and expressed concern that a sharp rise in borrowing costs in recent months could weigh on the economy.
Wednesday, September 18th 2013 - 20:30 UTC
Paraguay businesses react to Cartes words: ‘first find the scoundrels and only then the claims’

Paraguay’s Industrial Union, UIP, reacted strongly to President Horacio Cartes claims that the private sector was responsible for much that is wrong in government, and suggested an ‘intelligence work’ in the civil service to catch the ‘scoundrels and corrupt’.
Wednesday, September 18th 2013 - 20:00 UTC
Argentina’s Vaca Muerta formation among the world’s 23 highest tight oil reserve areas

The Vaca Muerta formation in the Argentine provinces of Neuquén and Mendoza has been ranked among the 23 highest tight oil reserve areas in the world, according to to a report released yesterday by global information company IHS.
Wednesday, September 18th 2013 - 19:43 UTC
Argentina’s YPF main partner, Chevron, blasted by Correa who is expected in Buenos Aires

A couple of days before Ecuador’s President Rafael Correa is set to arrive in Argentina he sank his right hand into the bushes of the Ecuadorean Amazon and then showed it to the dozens of journalists summoned for the demonstration: it was covered in oil.
Wednesday, September 18th 2013 - 07:05 UTC
Cristina Fernandez on the trail campaign ahead of the October mid-term election

Argentine President Cristina Fernández was again on the campaign trail on Tuesday participating in several inaugurations and political rallies at the province of Buenos Aires in support of her candidate running for Congress in October’s mid term ballot, Martin Insurralde.
Wednesday, September 18th 2013 - 07:00 UTC
Uruguay expects a floor of 230 cruise calls this coming 2013/14 cruise season

Uruguay is expecting over 230 cruise calls this coming 2013/14 season and is in the process to install a network of cameras for crime control in downtown Montevideo, announced the Ministry of Tourism director Benjamin Liberoff.
Wednesday, September 18th 2013 - 06:54 UTC
Falklands/Malvinas: Argentina recalls its major UN diplomatic success in 1964/65

Tierra del Fuego media recalled that on 17 September 1964 a United Nations sub-committee unanimously recommended that the “Malvinas case” be included among issues referred to Decolonisation and thus admits ‘the existence of sovereignty dispute over the Falklands and other South Atlantic islands’.
Wednesday, September 18th 2013 - 06:51 UTC
Scientists find a way to harness energy from sewage and waste water

US scientists may have found a new way to produce clean energy by way of sewage and water waste, according to a new study. Engineers from Stanford University have developed a more efficient method to use microbes to harness electricity from wastewater.
Wednesday, September 18th 2013 - 06:46 UTC
Controversial figure named to advisory board of the Euro-zone leading bank

Santander, the Euro zone's biggest bank, has hired Rodrigo Rato, under investigation in connection with allegations of fraud at state-rescued lender Bankia when he was chairman, to its international advisory board.
Wednesday, September 18th 2013 - 06:43 UTC
China will help Venezuela develop a huge oil field investing 14bn dollars

China’s hydrocarbons company Sinopec and Venezuela’s PDVSA (Petroleos de Venezuela SA) agreed investments to develop the Junin 1 oil field in the Orinoco oil strip, which will demand 14 billion dollars for a daily extraction of 200.000 barrels, said PDVSA president Rafael Ramírez currently in Beijing.