Politics

Sunday, October 6th 2013 - 06:56 UTC
IMF raises Uruguay’s 2013 growth estimate but lowers 2014 forecast

The IMF raised its 2013 economic growth forecast for Uruguay, but lowered its estimates for 2014, saying growth had “moderated to a more sustainable pace” after a decade of strong expansion.
Sunday, October 6th 2013 - 06:40 UTC
Falklands ‘confident’ about ‘mutually acceptable outcome’ on taxes with oil company

The Falkland Islands Government remains, “confident that a mutually acceptable outcome can be reached with Rockhopper,” on the matter of their tax bill from FIG, confirmed Financial Secretary Nicola Granger last week and indicated the situation would have no impact on local tax laws.
Sunday, October 6th 2013 - 06:31 UTC
Cristina Fernandez prescribed 30 days medical rest, until after mid-term election

Argentine President Cristina Fernández was diagnosed “chronic subdural collection” and prescribed one month of rest after suffering cardiac arrhythmia, according to the official release from Government House on Saturday. Vice President Amado Boudou will manage the Cabinet for the upcoming 30 days.
Friday, October 4th 2013 - 17:05 UTC
Cristina Fernandez accuses “part of US judiciary” of wanting Argentina to default

Argentine President Cristina Fernandez has accused part of the United States judiciary of wishing to take Argentina “to default”, comparing Argentina’s situation with that which currently faces US counterpart Barack Obama.
Friday, October 4th 2013 - 07:07 UTC
UK and OAS analyze drug situation in the Americas and different approaches

The Secretary General of the Organization of American States (OAS), José Miguel Insulza, met on Thursday with the Minister of State for Crime Prevention of the United Kingdom, Jeremy Browne, with whom he analyzed the drug situation in the region.
Friday, October 4th 2013 - 07:05 UTC
UK offers Paraguay cooperation in transport and infrastructure at embassy ceremony

The UK is back in full force in Latinamerica, and particularly in Paraguay, the fastest growing economy in the region, said Foreign Office minister Hugo Swire during the inauguration of the British embassy in Asunción, which had been shut down back in 2005.
Friday, October 4th 2013 - 07:02 UTC
IMF warns US debt ceiling controversy is a far worse threat to global economy

IMF managing director Christine Lagarde says failure to raise the US debt ceiling would be a far worse threat to the global economy than the current shutdown. The shutdown is due to a budget standoff between President Barack Obama and Congress. But a worse problem looms: the US will run out of money if there is no agreement to raise the borrowing limit.
Friday, October 4th 2013 - 07:00 UTC
“Straight up to the point of extreme idiocy, but we won’t cross it” predicts Buffett

Warren Buffett, the billionaire chairman and CEO of Berkshire Hathaway Inc, said he expects the United States Congress to resolve a stalemate over the US debt ceiling before it seriously harms the country.
Friday, October 4th 2013 - 06:53 UTC
Argentina credit rating conditioned by poor credibility and unreliable stats, says Moody’s

An upgrade of Argentina’s credit rating depends on the government taking measures to boost data credibility while compensating investors holding defaulted debt and companies for expropriated assets, said Gabriel Torres, Argentina’s sovereign credit analyst at Moody’s Investors Service.
Thursday, October 3rd 2013 - 23:12 UTC
Argentine oil company finds way to invest in Vaca Muerta and elude legal action from Repsol

One day after the Argentine government extended the deadline to legalize undeclared cash, energy company Bridas International gave new life to the BAADE energy bonds, the most relegated portion of the whitewash scheme, by saying it would snap up 500 million dollars of the paper.