Economy

Tuesday, January 10th 2012 - 05:51 UTC
With October election in mind Chavez back on the air with “Alo Presidente” program

Venezuelan President Hugo Chavez resumed on Sunday his weekly television and radio broadcast after a seven-month pause. Chavez's program, Alo Presidente, had been halted while he was receiving treatment for cancer.
Tuesday, January 10th 2012 - 05:50 UTC
Euro again on the cliff as Merkel and Sarkozy can only agree on warning Greece

Germany and France warned Greece it will get no more bailout funds until it agrees with creditor banks on a bond swap and pressed for an early deal to avert a potential default in the Euro zone's most debt-stricken nation.
Tuesday, January 10th 2012 - 05:49 UTC
Bush fires in Patagonian Chubut out of control; several towns evacuated

Authorities from the Argentine Patagonia province of Chubut issued a red alert on the fires that affect forest areas and decided to evacuate El Hoyo town, while 40 Chilean fire-fighters were expected to arrive to the mountain region to help put out the bush fires.
Tuesday, January 10th 2012 - 05:48 UTC
Brazil to build five new dams in the Amazon but with “oil-rigs” technology

Brazilian president Dilma Rousseff signed the decree for the construction of five new hydroelectric dams in the Amazon basin and readies for a renewed attack from domestic and international environmentalists against the project.
Tuesday, January 10th 2012 - 05:46 UTC
“Clarin rebelled against reality” when Cristina Fernandez diagnosis was “false positive”

Faced with media controversy following Argentine President Cristina Fernandez thyroid cancer surgery that resulted in a “false positive” case, that is minor benign non cancerous tumours in spite of the original diagnosis, the Argentine Executive Chief of Staff Oscar Parrilli revealed that the president had ordered him to “tell it all” regarding the 22 December operation.
Monday, January 9th 2012 - 06:57 UTC
PM Cameron discards any Falklands’ sovereignty negotiations with Argentina

British Prime Minister David Cameron discarded any Falkland Islands sovereignty negotiations with Argentina and said that his government is permanently vigilant about the protection of the Islands and their defence.
Monday, January 9th 2012 - 06:54 UTC
UK and France Europe set to clash again, this time over the “Tobin tax”

UK's Prime Minister David Cameron said for the first time he would veto a European-wide financial transaction tax unless it was imposed globally, deepening a confrontation with European Union heavyweights France and Germany.
Monday, January 9th 2012 - 06:52 UTC
China increases money supply and relaxes credit to ‘fine tune’ the economy

China's lending and money supply grew at a faster pace than expected as the country relaxed its credit restrictions. New loans worth 640.5bn Yuan (101bn dollars) were issued in December, up from 562.2bn Yuan in November.
Monday, January 9th 2012 - 06:51 UTC
Iran’s Ahmadinejad begins Latam tour in Venezuela: meeting with Chavez

Venezuelan President Hugo Chavez will welcome his Iranian counterpart Mahmoud Ahmadinejad on Monday on his first stop of a five-nation tour of Latin America, state media reported.
Monday, January 9th 2012 - 06:49 UTC
Argentine Farming emergency committee meets this week to address extreme drought

The Argentine Agriculture Ministry has summoned the Committee on Farming Emergency and anticipated it would engage in “surgical work” in order to reach “all areas of the farming sector” suffering from extreme drought.