Economy

Sunday, April 15th 2012 - 16:03 UTC
China allows wider flotation margin for the Yuan against the US dollar

China will allow the Yuan to trade in a wider daily range against the US dollar from Monday, taking another major step to further liberalise its exchange rate regime and make its currency more market oriented.
Sunday, April 15th 2012 - 16:01 UTC
Rousseff blasts rich countries “monetary flooding”: marks difference between defending and protecting

Brazilian president Dilma Rousseff staunchly defended Latin American integration as she took part of the CEO forum at the 6th Summit of the Americas in Cartagena de Indias, Colombia. She blasted rich countries over their so called “monetary flooding” because it attempts against the industrialization of emerging nations.
Sunday, April 15th 2012 - 05:38 UTC
The Economist article triggers strong reaction from the Chilean political system

Widely perceived to be the most developed and financially stable nation in South America, Chile is, for the most part, unaccustomed to critical analyses from the international press.
Sunday, April 15th 2012 - 04:34 UTC
Obama and CFK leave trade issues aside and want to continue as ‘friends and partners’

President Cristina Fernández and US President Barack Obama agreed to work upon trade differences “which in no way conform the central aspects of the bilateral relationship” during their Saturday afternoon half hour meeting with an “open agenda” at the 6th Summit of the Americas hosted by Colombia.
Sunday, April 15th 2012 - 03:41 UTC
The 1964 “Made in Brazil” coup and US contingency support-plan if the plot stalled

Do friendly countries make contingency plans for landing Marines in the big cities of other friendly countries? Even if it’s only to be done in a worthy cause—like supporting a military takeover of a democratically-elected government? During the recent trip to Washington of Brazilian President Dilma Roussief there was a public effort by both sides to “accent the positive” but perhaps there should have been some hard questions behind closed doors.
Saturday, April 14th 2012 - 22:34 UTC
Chavez cancels summit’s plan and flies to Cuba on a 90 day leave for treatment

Venezuela's President Hugo Chavez will not attend this weekend's hemispheric summit in Colombia and will instead fly straight to Cuba to continue radiation treatment for cancer, his foreign minister said on Saturday.
Saturday, April 14th 2012 - 22:26 UTC
“Revolutionary Junta” to consolidate “Chavism”, forecasts US expert in Latam affairs

Venezuelan military alarmed by the fast physical deterioration of President Hugo Chavez have worked out an emergency plan to be implemented, including the suspension of basic constitutional rights, at the slightest sign of political agitations, said the former US ambassador before the OAS, Roger Noriega.
Saturday, April 14th 2012 - 06:48 UTC
YPF dispute: Argentina runs the risk of becoming an ‘international pariah” warns Spain

Spanish officials warned Argentina on Friday that the country risks becoming “an international pariah” if it follows through on its threats to take control of Spanish-owned energy company Repsol's majority stake in its YPF unit.
Saturday, April 14th 2012 - 06:32 UTC
“Argentina: shame on you”; Editorial from Canada’s Globe and Mail

Argentine President Cristina Fernandez de Kirchner has said it is “absurd” for the British government, which has enjoyed sovereignty over the Falkland Islands for 180 years, to maintain its claim from an ocean away “when these Islands are part of our maritime platform.” Applying the logic of Ms. Kirchner, Canada should be stoking international tensions in an effort to annex Saint-Pierre and Miquelon. And perhaps Greenland.
Saturday, April 14th 2012 - 06:21 UTC
Falklands veteran Royal Marine and yomper, feels Falklands are well defended

Retired Royal Marine Brigadier Ian Gardiner, who commanded a Marine company in the 1982 Falklands war, thinks a new Argentine attack on the Islands is unlikely.