Stories for November 28th 2014

Friday, November 28th 2014 - 06:46 UTC
New Brazilian minister pledges realistic fiscal targets and balanced economic growth

Brazilian President Dilma Rousseff finally announced on Thursday the appointment of Joaquim Levy, as her next Finance minister who is also known as the 'scissors man', who pledged more realistic fiscal targets and promised more balanced economic growth.
Friday, November 28th 2014 - 06:38 UTC
Mercosur and EU could not establish a date for the exchange of new proposals

European Union and Mercosur representatives analyzed the current state of negotiations for an association and free trade agreement but could not establish a date for the exchange of new proposals because “the European Commission has yet not concluded the consultation process with member states to harmonize its proposal”.
Friday, November 28th 2014 - 06:34 UTC
Mujica enjoys 65% support and 47% of Uruguayans feel good about the economy

Uruguayan president Jose Mujica who next Monday begins the last three months of his five-year mandate enjoys a 65% public opinion support according to the latest poll from Mori released this week. Negative opinion only represents 17% while 18% did not say whether they approved or disapproved of the popular leader’s performance.
Friday, November 28th 2014 - 06:30 UTC
Uruguay praises Mercosur as the “main buyer” of the country's exports

Uruguay’s Foreign Minister Luis Almagro highlighted that Mercosur is the “main buyer” of Uruguayan exports and strongly defended the country's presence in the regional group, a controversial issue since much of the country's political system and most of the business community want a more dynamic, open trade block.
Friday, November 28th 2014 - 06:23 UTC
Oil price plunges as OPEC decides against cutting output despite world glut

Brent and US crude oil plunged as much as 6.50 dollars a barrel on Thursday, the steepest one-day falls since 2011 following on OPEC's decision against cutting output despite a huge oversupply in world markets.
Friday, November 28th 2014 - 06:17 UTC
Griesa rejects payment request from investors holding Argentine bonds in Euros

US Federal judge Thomas Griesa has rejected a request by European investors seeking payment on Argentine titles currently blocked in New York, despite an ongoing parallel court battle over the issue in London.
Friday, November 28th 2014 - 06:13 UTC
Petrobras agrees to appoint a “governance, risk management and compliance” director

Brazil's oil and gas giant Petrobras (and currently immersed in a major corruption scandal) has decided the appointment of a director of governance, risk management and compliance mainly to ensure risk mitigation and ensure the repeat of situations of fraud and corruption, according to a release from the corporation.
Friday, November 28th 2014 - 06:08 UTC
World health experts meet to discuss the high levels of antibiotic resistance

Next week, 2-3 December, senior government representatives from more than 30 countries are expected to agree on a pilot system for collecting data on antibiotic resistance—a major step forward in addressing this threat to global public health.
Friday, November 28th 2014 - 06:02 UTC
The Rolling Stones named 'guests of honor' by Buenos Aires City

British iconic rock band The Rolling Stones have been named Buenos Aires City “guests of honor”, after the city legislature passed an initiative proposed by ruling Victory Front (FpV) lawmaker Maria Rachid and “Seamos Libres” lawmaker Pablo Ferreyra.
Friday, November 28th 2014 - 05:58 UTC
Argentine industrial activity contracts 6.1% in October compared to a year ago

A private report revealed that industrial activity in Argentina dropped 6.1% in October compared to the same period last year, as the manufacturing sector continues to contract pushed by big drops in the auto industry.