Politics

• Monday, November 15th 2010 - 19:29 UTC

  Dilma prepared to apply drastic measures to contain Brazil’s currency surge

  

  Brazilian president-elect Dilma Rousseff admitted her administration would take all the necessary measures possible to prevent the Brazilian Real from increasing its value vis-à-vis the US dollar, according to reports from the Sao Paulo press that interviewed the successor of President Lula da Silva in the recent G-20 summit in Korea.

• Monday, November 15th 2010 - 18:25 UTC

  Uruguay and Argentina implement “scientific” accord for joint monitoring

  

  Uruguay and Argentina announced they had reached a final “scientific” agreement for the joint environmental monitoring of the UPM-Botnia pulp mill in shared waters and which delaying the implementation of a bilateral agreement.

• Monday, November 15th 2010 - 08:27 UTC

  Rousseff’s Brazil expected to restrain public spending and lower interest rates

  

  Brazilian President-elect Dilma Rousseff efforts to restrain public spending will allow the central bank to cut the benchmark interest rate next year, Finance Minister Guido Mantega said.

• Monday, November 15th 2010 - 08:25 UTC

  Uruguay formalizes relation with Palestine and plans representation in Ramallah

  

  President Jose Mujica confirmed that Uruguay recognizes the Palestinian State and announced the establishment of a representation to begin bilateral relations. The announcement was done during the sixteenth congress of Ferab, Federation of Arab entities in Latinamerica which took place in Montevideo last week.

• Monday, November 15th 2010 - 08:19 UTC

  EU ministers and Ireland discussing possible (80 billion Euro) bailout

  

  Ireland is in talks with European officials about current “market conditions” as Germany pushes it to accept a bailout and help reverse a bond sell-off across the euro-region’s periphery.

• Monday, November 15th 2010 - 08:15 UTC

  Sarkozy reshuffles cabinet ahead of 2012 presidential election

  

  French President Nicolas Sarkozy reappointed Francois Fillon as prime minister on Sunday, but named new defense and foreign ministers in a cabinet reshuffle ahead of the 2012 presidential election.

• Monday, November 15th 2010 - 08:11 UTC

  Business concern in Argentina with inflation trend: “double the official figure”

  

  Argentine businessmen from different sectors showed their concern about the upward trend of the inflation and assured that “the real volume doubles the one reported by the Indec national statistics bureau.”

• Friday, November 12th 2010 - 18:01 UTC

  Europe ratifies support for Ireland’s budget policy and sovereign debt

  

  Irish Finance minister Brian Lenihan has welcomed a statement of support over Ireland's debts from Germany, Britain, France, Italy and Spain. The five countries attending the G20 summit in South Korea said that bondholders would not be forced to share the pain of the current debt crisis.

• Friday, November 12th 2010 - 17:29 UTC

  G20 agrees on “indicative guidelines” for imbalances and hopes for the best

  

  Leaders of the Group of 20 (G20) member nations meeting in Korea reached a vague compromise Friday on currency and trade issues, calling for a workable resolution for the next G20 summit in France, slated for November next year.

• Friday, November 12th 2010 - 15:43 UTC

  Inflation or no inflation: that is the question for the Argentine government

  

  Fissures inside the Argentine cabinet are surfacing and refer to one of the most irritating issues for the administration of President Cristina Fernandez de Kirchner: inflation or no inflation.