Politics

Thursday, April 12th 2012 - 01:04 UTC
US World Bank candidate tells board of directors he is not afraid of ‘challenging orthodoxies’

Jim Yong Kim, the US nominee to head the World Bank, told the bank's board of directors that he would not hesitate to question the status quo and do his best to help the world poorest.
Wednesday, April 11th 2012 - 17:04 UTC
US and EU considering WTO actions against Argentine ‘protectionist practices’

The US and forty countries which formalized a joint statement before the World Trade Organization complaining about Argentina’s trade restrictions are considering moving a step further and begin a “disputes settlement” process which could lead to an open condemnation if the administration of President Cristina Kirchner does not lift the protectionist network.
Wednesday, April 11th 2012 - 16:59 UTC
IMF will make compulsory review of economy in spite of Argentina’s refusal

The International Monetary Fund will make a compulsory review of Argentina’s economy because of the country’s refusal to allow the multilateral organization to examine its finances since 2006, the Buenos Aires media reported on Wednesday quoting IMF sources.
Wednesday, April 11th 2012 - 13:24 UTC
Hillary says US interested in “a 21st century partnership” with Brazil

Secretary of State Hillary Clinton described Brazil as a “responsible country” in world affairs and praised Brazil’s “growing impact in global stability and security”, during an event at the US Chamber of Commerce.
Wednesday, April 11th 2012 - 06:40 UTC
Argentina’s Prosecutor General resigns, looses first round to Vice-president Boudou

Argentina’s Prosecutor-general Esteban Righi officially resigned to his post on Tuesday, following Vice-President Amado Boudou’s decision to press charges against the prosecutor leading the investigation into the politician's role in the Ciccone currency printing company investigation.
Wednesday, April 11th 2012 - 06:33 UTC
Petrobras and Argentine government reach tentative agreement to increase investments

The escalade between the Argentine government and the oil companies seems to have cooled off for a few hours on Tuesday following a meeting of Planning Minister Julio De Vido with top officials from Petrobras Argentina, and which was described as ‘productive’.
Wednesday, April 11th 2012 - 02:09 UTC
Bolivia rescinds contract to build road through Amazon Indian reservation

Bolivian President Evo Morales says he is rescinding the contract of a Brazilian firm to build a controversial road through the Amazon rainforest. He accused the firm, OAS, of not complying with the terms of the deal.
Wednesday, April 11th 2012 - 02:03 UTC
Colombia anticipates no Falklands mention in the Americas summit final statement

The coming 6th Summit of the Americas will not include in its final statement the issue of the Falkland/Malvinas Islands, the sovereignty of which is in dispute between Argentina and the UK.
Wednesday, April 11th 2012 - 00:38 UTC
Bernanke says more bank regulation is needed to ensure stable financial system

US Federal Reserve Chairman Ben Bernanke said banks need to have more capital at hand in order to ensure the financial system is stable. Bernanke said regulators were taking steps to force financial institutions to hold higher capital buffers, even if they allow for a long period of implementation to prevent any market disruptions.
Wednesday, April 11th 2012 - 00:35 UTC
UK confirms it claims repayment of £ 45m loaned to Argentine Junta that invaded the Falklands

The UK is seeking repayment of a loan granted to Argentina in 1979 which was invested in military procurement some of which was used during the Falkland Islands conflict.