Stories for 2013

Friday, October 4th 2013 - 07:02 UTC
IMF warns US debt ceiling controversy is a far worse threat to global economy

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.
Friday, October 4th 2013 - 07:00 UTC
“Straight up to the point of extreme idiocy, but we won’t cross it” predicts Buffett

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.
Friday, October 4th 2013 - 06:58 UTC
Uruguay 2012/13 soybean crop was record in volume, area and yield

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.
Friday, October 4th 2013 - 06:53 UTC
Argentina credit rating conditioned by poor credibility and unreliable stats, says Moody’s

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.
Friday, October 4th 2013 - 06:47 UTC
Uruguay’s annual inflation in September reached 9.02%; minister confident it will be brought down

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.
Friday, October 4th 2013 - 06:45 UTC
European Union considering punitive duties on Argentine bio-diesel

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.
Thursday, October 3rd 2013 - 23:12 UTC
Argentine oil company finds way to invest in Vaca Muerta and elude legal action from Repsol

One day after the Argentine government extended the deadline to legalize undeclared cash, energy company Bridas International gave new life to the BAADE energy bonds, the most relegated portion of the whitewash scheme, by saying it would snap up 500 million dollars of the paper.
Thursday, October 3rd 2013 - 22:02 UTC
Minister Swire visit confirms close UK links with Sao Paulo university and research centers

Foreign and Commonwealth Office Minister for Latin America, Hugo Swire is in Sao Paulo the last leg of this latest South American tour that had him in Asuncion, Paraguay and the Brazilian cities of Porto Alegre and Brasília in the beginning of the week.
Thursday, October 3rd 2013 - 21:58 UTC
UK tells Spain: ‘no sovereignty negotiations with which Gibraltar is not content’

Britain has enshrined, in a written statement to the United Nations, its commitment that it will not enter into a process of sovereignty negotiations with which Gibraltar is not content. And it has also reaffirmed its sovereignty over Gibraltar and its territorial waters, according to the Gibraltar Chronicle.
Thursday, October 3rd 2013 - 21:46 UTC
Brazil industry production unexpectedly stalls in August

Brazilian industry production unexpectedly stalled in August, as factories reduced the output of consumer goods. Industrial output was unchanged in August after tumbling a revised 2.4% in July, the national statistics agency said in Rio de Janeiro.