Politics

Saturday, September 15th 2012 - 05:36 UTC
Argentina pledges to increase corn exports to help ease tight global markets

Argentina pledges to export an extra 2.75 million tons of corn from its 2011-12 harvest to a total of 16.45 million tons helping to ease tight international markets after this summer's drought in the US damaged crops there and fuelled fears of a food crisis.
Saturday, September 15th 2012 - 05:29 UTC
YPF/Chevron signed an understanding to explore for shale gas and oil in Neuquen

Argentina's recently nationalized oil and gas producer YPF SA and the US Chevron Corporation have signed a memorandum of understanding to explore for unconventional energy in Vaca Muerta, in the Patagonian province of Neuquen.
Saturday, September 15th 2012 - 05:24 UTC
Brazil economic activity picks up in July, but will end below 2% in 2012

Brazil’s economic activity rose more than forecast in July, posting the biggest expansion in almost a year. The non-seasonally adjusted economic activity index rose 2.34% from a year earlier after rising 0.99% in June, the central bank said in a report.
Saturday, September 15th 2012 - 05:19 UTC
Two Brazilian mid-sized banks ordered liquidation by monetary authorities

Brazil's central bank ordered the liquidation of Banco Cruzeiro do Sul on Friday after no one stepped up to acquire the troubled lender, raising doubts about government oversight of small and mid-sized banks.
Saturday, September 15th 2012 - 05:13 UTC
Argentina’s money supply adjusted for inflation climbed 22.6% in last 12 months

A benchmark measure of Argentina's money supply rose 34.6% on the year in August, according to the central bank. In its monthly monetary report published late Thursday, the Central Bank of Argentina said its M2 measure of money supply averaged 403.93 billion Argentine pesos (86.6 billion dollars) last month.
Friday, September 14th 2012 - 05:18 UTC
Auction of Pluna’s Bombardier aircraft collapses: terms “non attractive” and “non viable”

Uruguay’s attempt to auction the bankrupt national airline Pluna aircraft collapsed because none of the groups that showed an initial interest turned up arguing that the 136 million dollars for the seven Bombardier CRJ900 NextGen was “not attractive” and considered the whole business deal “non viable”.
Friday, September 14th 2012 - 03:40 UTC
Thousands across Argentina take to the streets to protest against re-re-election

Appealing to social networks thousands of Argentines Thursday evening took to the streets of the country’s major cities to protest some of the latest measures from the government of President Cristina Fernandez including the re-re-election plans and the increasing restrictions to the purchase of dollars.
Friday, September 14th 2012 - 00:51 UTC
Brazilian extends tax breaks to two dozen industries to stimulate economy

Brazil rolled out additional stimulus measures to bolster its sluggish economy on Thursday, extending tax breaks to more than two dozen industries and reducing the cost of acquiring capital goods in a bid to help struggling local businesses.
Friday, September 14th 2012 - 00:48 UTC
Half a million dollars reward for information regarding fate of Raoul Wallenberg

The International Raoul Wallenberg Foundation is increasing to 500.000 dollars the reward it is offering to any person or entity who can provide solid and provable information on the whereabouts of Wallenberg and his chauffeur, Vilmos Langfelder, Baruch Tenembaum and Eduardo Eurnekian, Founder and Chairman of the Foundation, announced last week.
Thursday, September 13th 2012 - 18:42 UTC
Fed announces further financial stimuli for the US economy to help employment

The US central bank announced on Thursday it will resume its policy of pumping more money into the economy via so-called quantitative easing which consists of buying “additional agency mortgage-backed securities at a pace of 40 billion dollars per month”.