Politics

• Tuesday, November 1st 2011 - 21:12 UTC

  Latin America will demand at G20 summit greater voice for emerging economies

  

  The Latin American block arrives this week at the G20 summit in Cannes with a consensus spearheaded by the strong political standing of Brazil in global affairs and with criticisms to the way in which the European Union and the US are managing their respective “crises”.

• Tuesday, November 1st 2011 - 20:52 UTC

  Merkel and Sarkozy determined to implement EU bailout plan for Greece

  

  Germany's Angela Merkel and France's Nicolas Sarkozy are “determined” to implement the EU bailout plan for Greece. That was the outcome of an emergency phone call between the two chiefs of state ahead of a G20 summit Wednesday.

• Tuesday, November 1st 2011 - 20:41 UTC

  Boudou says Argentine foreign exchange market with stabilize in a few days

  

  Argentina’s Economy Minister, Amado Boudou, came on stage again on Tuesday to bring calm to markets Monday’s debut of the very strict measures in the foreign exchange market strongly limiting the purchase of US dollars.

• Tuesday, November 1st 2011 - 20:30 UTC

  Don’t forget poor nations, victims of Euro crisis, World Bank tells G20

  

  Development banks could provide up to 200 billion dollars in financing to help poor nations deal with shockwaves caused by the European sovereign debt crisis, World Bank President Robert Zoellick said on Tuesday.

• Tuesday, November 1st 2011 - 06:01 UTC

  IberoAmerican summit a “failure”: Latam has its own voice in world affairs

  

  Spanish media criticized harshly the latest Ibero-American summit in Paraguay last Saturday arguing that the non attendance of 11 of 22 leaders of the region can only be described as a failure of Madrid’s diplomacy and disrespect for the Spanish representatives.

• Tuesday, November 1st 2011 - 05:36 UTC

  Brazil’s net debt falls in September to 37.2% of GDP, lowest since 1997

  

  Brazil’s net debt fell in September to its lowest level since 1997, as a 15% decline in the real last month boosted the value of the country’s near-record 353 billion dollars in foreign currency reserves.

• Tuesday, November 1st 2011 - 05:22 UTC

  US confirms Obama/CFK meeting Friday: ‘opportunity for a positive relationship’

  

  The US Government confirmed that president Barack Obama is scheduled to meet privately with President Cristina Fernández on Friday. The meeting will take place in Cannes, France one day after the G20 Summit begins.

• Tuesday, November 1st 2011 - 05:10 UTC

  The Euro crisis plays in favour of advancing EU/Mercosur trade negotiations

  

  The worsening of the world crisis is a factor that plays in favour of advancing negotiations for the European Union and Mercosur cooperation agreement and strategic association, said Socialist Euro Deputy Luis Yañez from Spain currently visiting Montevideo.

• Tuesday, November 1st 2011 - 05:03 UTC

  Venezuela’s Chavez expropriates 290.000 hectares from the UK Vestey Group

  

  Venezuela’s Hugo Chavez has ordered the expropriation of 290.000 hectares (716.590 acres) belonging to a British-owned company amid a disagreement over compensation for earlier takeovers of ranchland from the firm.

• Tuesday, November 1st 2011 - 04:58 UTC

  OAS faces critical financial situation; difficulties to pay salaries

  

  The Organization of American States, OAS, faces a financial ‘crisis’ warned Monday Secretary General Jose Miguel Insulza after country members approved the 2012 budget totalling 85.3 million dollars, with no increase over the current level of expenditure.