Argentine President Cristina Fernandez has accused part of the United States judiciary of wishing to take Argentina to default, comparing Argentina’s situation with that which currently faces US counterpart Barack Obama.
The Secretary General of the Organization of American States (OAS), José Miguel Insulza, met on Thursday with the Minister of State for Crime Prevention of the United Kingdom, Jeremy Browne, with whom he analyzed the drug situation in the region.
The UK is back in full force in Latinamerica, and particularly in Paraguay, the fastest growing economy in the region, said Foreign Office minister Hugo Swire during the inauguration of the British embassy in Asunción, which had been shut down back in 2005.
IMF managing director Christine Lagarde says failure to raise the US debt ceiling would be a far worse threat to the global economy than the current shutdown. The shutdown is due to a budget standoff between President Barack Obama and Congress. But a worse problem looms: the US will run out of money if there is no agreement to raise the borrowing limit.
Warren Buffett, the billionaire chairman and CEO of Berkshire Hathaway Inc, said he expects the United States Congress to resolve a stalemate over the US debt ceiling before it seriously harms the country.
Uruguay’s latest soybean crop was the highest in history, 2.76 million tons with an increase in the area planted and in yields according to the latest survey from the Ministry of Agriculture and Livestock. The area dedicated to soybean climbed 20% and reached 1.049.000 hectares.
An upgrade of Argentina’s credit rating depends on the government taking measures to boost data credibility while compensating investors holding defaulted debt and companies for expropriated assets, said Gabriel Torres, Argentina’s sovereign credit analyst at Moody’s Investors Service.
Uruguay’s consumer inflation soared 1.36% over August in September boosted by increases in energy and fuel, transport, milk and other basic items, according to the latest release from INE, the government’s data office. This means inflation in the last twelve months climbed to 9.02% from a month ago (8.86%) and 8.2% in the first nine months of 2013.
Argentine bio-diesel producers will fight European Union proposals to impose punitive duties on imports from the country, saying the move would remove its biggest export market and raise prices in Europe.