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Montevideo, September 30th 2022 - 00:58 UTC

Stories for January 4th 2014

  • Saturday, January 4th 2014 - 06:46 UTC

    Argentina sanctions power companies for repeated outages that affected millions

    Minister Julio De Vido making the announcement

    Argentina announced sanctions on electricity companies Edesur and Edenor following the power outages suffered by hundreds of thousands of citizens in Buenos Aires City and surrounding areas, amid a historic heat wave that brought stifling temperatures for 18 days.

  • Saturday, January 4th 2014 - 04:38 UTC

    Mantega releases crucial data to calm market anxiety about Brazil's accounts

    The minister is off on holidays Monday but just in case the announcements “will help to calm nerves”

    Brazil's Finance Minister Guido Mantega insisted on Friday that the government is keeping spending under control as he sought to calm anxiety about the deterioration of the government's accounts. The minister said the primary budget surplus, (excess of revenue over expenditure before debt payments) would be above the goal of 73 billion Brazilian Reais for 2013 (30.5bn dollars), equivalent to about 1.5% of gross domestic product.