Stories for September 2013

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.
Thursday, September 12th 2013 - 00:59 UTC
Catalonia human chain demands Madrid a referendum on independence

Hundreds of thousands of Catalans held hands in a 400-km human chain across their region to press the Spanish government to let them vote on breaking away and forming their own country.
Thursday, September 12th 2013 - 00:37 UTC
Tourism New Zealand picks Sao Paulo as base for Latin American activity

Tourism New Zealand will open a new office in Sao Paulo, Brazil to serve as the base of its new Latin American activity. The announcement was made by Prime Minister John Key and the Minister of Tourism, at the Latin American Business Council lunch this week.
Wednesday, September 11th 2013 - 23:49 UTC
Chilean delegates at corruption-prevention forum in Panama partly financed by the Foreign Office

Chilean delegates are attending a regional forum to discuss techniques for tackling corruption and collusion in Latin American procurement taking place in Panama City. The conference is a joint initiative of the UK Foreign Office, several Panama government offices and a regional Central America body established by the UN Office on Drugs and Crime.
Wednesday, September 11th 2013 - 23:42 UTC
UK distributes LIBOR fines paid by banks among military charities

Almost £2.5 million to go to the British armed forces community, including those currently serving, veterans and families. Armed forces charities and good causes are to benefit from the latest tranche of funding from the £35 million Armed Forces Covenant (LIBOR) Fund, the government has announced.
Wednesday, September 11th 2013 - 22:09 UTC
Venezuela media running out of newsprint; lack of dollars to import

While the world press decries plunging print readership and advertising revenue, newspaper editors in Venezuela are struggling with a much more fundamental problem: lack of newsprint.
Wednesday, September 11th 2013 - 22:06 UTC
Venezuela inflation running at annualized 45.4%; government “admits economic success debt”

Venezuela's annual inflation rate hit 45.4% in August, the central bank revealed this week, the highest in five years and the highest in the region, even as consumer price increases slowed from the previous month.