Stories for November 2014

Wednesday, November 19th 2014 - 07:19 UTC
Short of dollars, Argentina appeals to China's Yuan to boost reserves

The Argentine Central Bank received this week the second part of a multi-billion dollar currency swap with China’s Central Bank, worth the equivalent of 508 million dollars. The swap allowed Argentina to bolster its foreign reserves, which rose 506 million and closed at 28.785 billion dollars.
Wednesday, November 19th 2014 - 07:12 UTC
Chile grows 0.8% in Q3, and Central bank leaves basic rate unchanged at 3%

Chile's economy grew 0.8% in the third quarter compared with the same period in 2013, the worst performance in five years, the Central Bank reported Tuesday. The bank also announced that the basic rate will remain unchanged at 3%.
Wednesday, November 19th 2014 - 06:57 UTC
Petrobras corruption: plea bargains with the return of 165m dollars with five accused

Five people accused in a corruption scandal at Brazil's state oil giant Petrobras have agreed to return 165 million dollars to the public purse in plea bargains with prosecutors, a newspaper reported Tuesday.
Wednesday, November 19th 2014 - 04:32 UTC
Cristina Fernandez held a 'short list' cabinet meeting on Tuesday

Despite the ten days of convalescence ordered by her doctors, Argentine President Cristina Fernández continued with an official schedule in Olivos and met on Tuesday with key members of her cabinet.
Wednesday, November 19th 2014 - 04:18 UTC
Bird flu highly contagious H5N8 strain in England, Netherlands and Germany

Bird flu on a duck farm in northern England is the highly contagious H5N8 strain, the same form of the virus already discovered in Germany and the Netherlands, Britain's farm ministry confirmed on Tuesday.
Wednesday, November 19th 2014 - 04:07 UTC
E-cigarettes make “Vape” word of the year, says Oxford English Dictionary

Oxford English Dictionary named “vape” - the word used for drawing on an electronic cigarette instead of a burning stick of tobacco – as its 2014 word of the year.“You are thirty times more likely to come across the word 'vape' than you were two years ago, and usage has more than doubled in the past year,” staff editors have said.
Tuesday, November 18th 2014 - 13:51 UTC
Gibraltar with new air links: to Bristol and Morocco

The Gibraltar Chamber of Commerce has welcomed the announcement of new air links to the UK and to Morocco, highlighting the tourism and business opportunities they will create. In a statement, it said the addition of the Gibraltar-Bristol route would open up additional markets for visitors, both business people and tourists, from Wales and the south west of England.
Tuesday, November 18th 2014 - 11:19 UTC
Bolivia confident Mercosur incorporation process will be ironed out at the next summit

Bolivia trusts that at the coming Mercosur summit in Argentina it can advance in solving the “technical-legal” difficulties that are delaying the country's full membership of the trade and political group. Allegedly one of the main differences rests in neighboring Paraguay and how it would accept Bolivia's incorporation.
Tuesday, November 18th 2014 - 08:22 UTC
Rousseff pledges that Petrobras corruption case “will change the country forever”

Brazil's President Dilma Rousseff said investigations into corruption at the state-owned oil company, Petrobras, could change the country forever. This was the first time she spoke since the arrest on Friday of 23 people suspected of corruption and money-laundering.
Tuesday, November 18th 2014 - 08:13 UTC
Argentina celebrates G20 summit support on sovereign debt restructuring

The official communiqué of the G20 summit released at the end of the bloc’s meeting in Brisbane, Australia, included a paragraph on sovereign debt restructuring process, as requested by Argentina. Economy Minister Axel Kicillof and Foreign Minister Héctor Timerman celebrated it and described it as ‘historic’.