MercoPress. South Atlantic News Agency
Stories for July 29th 2015
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Wednesday, July 29th 2015 - 07:10 UTC
Uruguay announces controversial massive infrastructure investment program
Uruguayan President Tabare Vazquez announced on Monday a controversial plan for 12.37 billion in infrastructure investment over the next four years. Two-thirds of the investment will come from the government, Vazquez told a news conference. Where the other third was to come was not confirmed.
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Wednesday, July 29th 2015 - 06:58 UTC
UN committee agrees on nine principles for restructuring sovereign debts
A United Nations committee, after six months work, on Tuesday, unanimously adopted a “historic” report that establishes nine principles for restructuring sovereign debt, the committee's chair Sacha Llorenti of Bolivia told reporters.
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Wednesday, July 29th 2015 - 06:43 UTC
Maduro formally requests UN mediation in border dispute with Guyana
Venezuela's president Nicolas Maduro said he asked U.N. Secretary-General Ban Ki-moon for U.N. mediation in his country's century-old border dispute with neighboring Guyana. The controversy was discussed by Maduro and Ban at a meeting Tuesday morning in New York.
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Wednesday, July 29th 2015 - 06:30 UTC
Positive signals from Argentina's economy ahead of October's election
Industrial production in Argentina fell 0.8% in June compared to the same period last year, according to the country's National Statistics and Census Institute (INDEC), marking the 23rd consecutive month that the sector has contracted. However with seasonally adjusted figures, Indec's data showed a 0.9% rise, the first positive advance in two years (July 2013).
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Wednesday, July 29th 2015 - 06:12 UTC
“Operation radioactivity” unveils corruption in Brazil's Electrobras
Brazilian police on Tuesday arrested two executives involved in building a nuclear power plant for Eletrobras, pulling the state-run utility into a corruption scandal that has engulfed government-owned oil company Petrobras.
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Wednesday, July 29th 2015 - 06:00 UTC
S&P warns Brazil could lose investment-grade rating as economic slippage continues
Standard & Poor's on Tuesday said Brazil could lose its coveted investment-grade rating in the coming year if fallout from a number of corruption investigations further stymies economic growth and the implementation of austerity measures.
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Wednesday, July 29th 2015 - 05:52 UTC
Volkswagen overtakes Toyota to became world's biggest selling vehicle maker
Germany's Volkswagen became the world's biggest-selling vehicle maker in the first half of the year, overtaking Toyota for the first time. VW sold 5.04 million cars between January and June - slightly more than the 5.02 million sold by Toyota.
