Politics

Friday, February 1st 2013 - 07:38 UTC
Chile and Uruguay banks outlook for 2013 stable and negative for Argentina, says Fitch ratings

The outlook for Southern Cone Banks is mixed in 2013, with a stable outlook for Chile and Uruguay, while Argentina faces a negative outlook and the potential for downgrades, according to a new Fitch Ratings report.
Friday, February 1st 2013 - 07:32 UTC
Cost of crimes against property and people in Uruguay estimated at 3.1% of GDP

The cost of crimes against property and people in Uruguay in 2010 totaled at least 1.2 billion dollars, which was equivalent to 3.1% of the country’s GDP. This was the conclusion of a new study carried out at the country’s Economic Research Center by researchers Aboal Diego, Jorge Campanella, and Bibiana Lanzilotta, with the collaboration of Magdalena Dominguez and Maren Vairo.
Friday, February 1st 2013 - 07:05 UTC
Brazil’ overall budget deficit: 2.47% of GDP and primary surplus of 2.38% GDP

Brazil failed to reach its primary budget surplus goal last year posting a primary surplus of 104.951 billion Reais (53 billion dollars), the equivalent of 2.38% of GDP, according to central bank data released this week, which was below the annual target of 139.8 billion Reais, approx 3.1% of GDP.
Friday, February 1st 2013 - 06:54 UTC
US Congressman supports Falklands’ referendum: “it is good to test people’s opinion”

Visiting United States Congressman Thomas E Petri expressed approval of the decision of Falkland Islanders to hold a referendum on the political status and future of the Falklands.
Thursday, January 31st 2013 - 20:50 UTC
Timerman rejects meeting Falklands representatives; only interested in ‘bilateral round’ with Hague

Argentine Foreign Minister Héctor Timerman turned down an invitation by his British counterpart William Hague to take part in a meeting in London with representatives of the Falklands/Malvinas Islands government, assuring that “the international community does not accept the involvement of a third party” in the sovereignty issue.
Thursday, January 31st 2013 - 14:06 UTC
Two Falklands’ lawmakers fly to London to meet with Argentine Foreign minister

Two elected members of the Falkland Islands’ Legislative Assembly will be travelling to London this weekend to be available to take part in any discussions regarding the Islands when Argentine Foreign minister Hector Timerman meets with Foreign Secretary William Hague, according to a release from Gilbert House, Stanley.
Thursday, January 31st 2013 - 07:55 UTC
Argentines love for US dollar remains unbeatable, even as it approaches 8 Pesos

Argentines wishing to spend vacations overseas, edgy farmers, strong demand from business and the government’s hoarding of hard currency are pushing the US dollar to new highs in Argentina, just a few cents away from the threshold 8 Pesos to the greenback, while in the official market trading is climbing closer to 5 Pesos.
Thursday, January 31st 2013 - 07:52 UTC
Petrobras raises gasoline and diesel prices, but markets say it’s insufficient

Brazil's state-run oil company Petrobras said in a market filing that it would increase refinery prices for gasoline and diesel by 6.6% and 5.4%, respectively, starting on January 31. However the market’s reaction was negative with the Bovespa stock exchange falling to a seven-week low.
Thursday, January 31st 2013 - 07:47 UTC
Argentina ‘irritated’ with Israel’s attitude towards accord with Iran to investigate 1994 bombing

Argentine Foreign Minister Héctor Timerman summoned on Wednesday Israeli ambassador to Argentina Dorit Shavit, and expressed the “surprise and irritation” of President Cristina Fernandez government after learning that Tel Aviv had demanded an explanation from Argentine ambassador to Israel with regards to the recent agreement between Argentina and Iran.
Thursday, January 31st 2013 - 07:37 UTC
FIFA 2014 World Cup presents ambassadors and unveils the official poster

The newly appointed ambassadors of the 2014 FIFA World Cup on Wednesday 30 January 2013, unveiled the tournament’s Official Poster at a media briefing in Rio de Janeiro. Four FIFA World Cup winners, Amarildo, Carlos Alberto Torres, Bebeto and Ronaldo, as well as women’s football star Marta, were invited by FIFA Secretary General Jérôme Valcke to end the suspense and help unveil the design.