Stories for October 2013

Wednesday, October 2nd 2013 - 07:54 UTC
Brazil central bank admits “a lot of work must be done” to bring down inflation

Inflation in Brazil will remain stubbornly high well into 2015 even as the economy struggles to gain steam, the central bank said in its quarterly inflation report. The bank also revised down its estimate for economic growth to 2.5% for this year from a previous 2.7% forecast. The bank sees growth keeping that pace until the second quarter of 2014.
Wednesday, October 2nd 2013 - 07:51 UTC
Brazil posts first August primary budget deficit in over ten years

Brazil posted its first primary budget deficit for the month of August in more than a decade, central bank data showed on Monday, pointing to a deterioration in the country's finances that is worrying investors and rating agencies.
Wednesday, October 2nd 2013 - 07:47 UTC
German premium automakers dispute Brazilian market: Mercedes plans factory in Sao Paulo

Germany's Daimler plans to build a new car factory in Brazil, becoming the third German premium automaker to announce such plans within the past year. The company announced it would invest around 170 million Euros to set up a shop in Iracemapolis, near Sao Paulo.
Wednesday, October 2nd 2013 - 07:43 UTC
Dollar drought forces Argentina to extend whitewash law until December 31

Argentina’s President Cristina Fernández has decided to extend the deadline of the whitewash law until the end of December. The recently passed project expired on Monday with 341.5 million dollars entering the country.
Wednesday, October 2nd 2013 - 07:39 UTC
UK reopens embassy in Asuncion which was closed since 2005

The British embassy in Paraguay which was remained closed since 2005 will be reopened this week according to Paraguayan foreign minister Eladio Loizaga. The news was confirmed following a meeting of the Paraguayan official with Foreign Secretary William Hague.
Wednesday, October 2nd 2013 - 07:25 UTC
Falklands Chilean residents celebrate National Day and strong links with Chile

Chilean residents of the Falkland Islands celebrated at Government House in Stanley their national day and the strong connections between the Islands and Chile.
Wednesday, October 2nd 2013 - 07:22 UTC
Divided Berlusconi party could save PM Letta’s coalition in confidence vote

Leading figures in Silvio Berlusconi's own party have defied him by calling on MPs to back the Italian coalition government in a confidence vote. Angelino Alfano, Berlusconi's deputy and secretary of People of Freedom, urged the party to unite behind Prime Minister Enrico Letta on Wednesday.
Tuesday, October 1st 2013 - 20:40 UTC
Argentina’s squid fisheries policy “inconsistent and unsustainable” says expert

Argentina’s latest government’s decisions on squid fishing show that the country’s fisheries policy is “inconsistent and unsustainable,” according to the president of Assistance Food Argentina SA and director of Assistance Food America Inc., Dr. Cesar Augusto Lerena.
Tuesday, October 1st 2013 - 18:32 UTC
US Supreme Court possible action on Argentina/hedge funds case deferred a week

The US Supreme Court on Tuesday took no action on a landmark case pitting Argentina against creditors which could have deep repercussions for financially troubled governments and their creditors. The court had been expected to announce whether it would review the case, but it was not included in a list of cases accepted or denied for review that was released on Tuesday.
Tuesday, October 1st 2013 - 17:40 UTC
Falklands cruise season: Ushuaia warns “Gaucho Rivero” bill will be fully enforced

The “Gaucho Rivero” bill which bans the access of British flagged (red ensign) or convenience flagged vessels which call in the Falkland Islands remains fully in force for Ushuaia, said Marcelo Echazú, head of the Tierra del Fuego Tourism Institute, Infuetur, on announcing this year’s cruise season.