Stories for June 2nd 2014

Monday, June 2nd 2014 - 08:21 UTC
Moody's upgrades Uruguay's rating to Baa3, based on reduced 'vulnerabilities'

Moody's Investors Service last Friday announced it had upgraded Uruguay's government bond rating to Baa2 from Baa3, and assigned a stable outlook to the Baa2 rating. The upgrade was driven by the strengthening of Uruguay's sovereign credit profile, as reflected by the convergence of fiscal and debt metric, an overall government debt profile that is currently associated with moderate credit risks, and the country's reduced vulnerabilities to regional and commodity shocks.
Monday, June 2nd 2014 - 08:09 UTC
Prince Harry will be visiting Brazil, and Chile for the first time later this month

Prince Harry will be visiting Brazil and Chile this month in support of the UK's interests in the region and will reflect the strong relationship the two countries have with the UK. The visit will also allow Prince Harry to build on the links he began to forge in South America during his official visit to Brazil in March 2012.
Monday, June 2nd 2014 - 08:04 UTC
Gibraltar's Poggio to be succeeded by Jason Cruz in two years time

The Gibraltar Government’s recently-appointed representative in Hong Kong, Jason Cruz, will succeed Albert Poggio as the Rock’s man in London in two years’ time, it was revealed in Parliament by Chief Minister Fabian Picardo who confirmed the decision as he answered Opposition questions about Mr Cruz’s salary and employment package.
Monday, June 2nd 2014 - 07:55 UTC
Former guerrilla commander sworn in as El Salvador president

Former guerrilla commander Salvador Sanchez Ceren on Sunday was sworn in as president of El Salvador for the second consecutive five-year mandate of the FMLN, an ex-guerrilla movement and current political party.
Monday, June 2nd 2014 - 07:48 UTC
.Qatar vehemently denies corruption claims in the bid for hosting 2022 World Cup

Qatari organizers of soccer's 2022 World Cup have “vehemently” denied accusations their successful bid was corrupt, saying its lawyers were looking into claims made by a British Sunday newspaper.
Monday, June 2nd 2014 - 07:42 UTC
YPF announces the discovery of 'tight gas' in Mendoza

Argentina state oil producer YPF announced on Sunday it had made a discovery of 'tight gas' in the western Argentine province of Mendoza. The find by the Paso de las Bardas Norte xp-37 exploration well has a potential 25 million barrels equivalent of recoverable resources, the company said in a statement.
Monday, June 2nd 2014 - 07:33 UTC
Argentina confident US Supreme Court will take its litigation case with hedge funds

President Cristina Fernandez administration has high hopes that the US Supreme Court will take its long running litigation case with holdout hedge funds that refused to accept sovereign debt rescheduling after Argentine defaulted in 2001.
Monday, June 2nd 2014 - 07:13 UTC
Vazquez, Lacalle Pou and Bordaberry: one the three will be Uruguay's next president

Sunday's primaries in Uruguay cleared the way for the candidates of the four parties with legislative representation that will be disputing the presidential election next October 26, with a run-off a month later if none of them manages 50% plus one of ballots.
Monday, June 2nd 2014 - 01:09 UTC
Pacific Alliance to hold round of integration 'informative' talks with Mercosur

Pacific Alliance members meeting in Mexico agreed to hold an “informative” ministerial round of talks with their Mercosur and associates' counterparts to talk about regional integration. The announcement was done following a closed doors meeting of Mexico, Chile, Colombia and Peru foreign ministers who are preparing the agenda for the next Pacific Alliance summit.