Politics

• Saturday, May 21st 2011 - 10:15 UTC

  IMF should have a new Managing Director by June 30

  

  The International Monetary Fund said on Friday that it is scheduled to complete the process of selecting a new managing director by June 30.

• Saturday, May 21st 2011 - 10:04 UTC

  Argentine organized labour will support CFK but “without being obsequious”

  

  Argentina’s organized labour said “there are no differences in the relationship with the government” despite President Cristina Fernandez de Kirchner, CFK criticisms and further stated that they will support the president’s re-election bid “without being obsequious”.

• Saturday, May 21st 2011 - 09:59 UTC

  Argentina posts strong primary surplus pushed by economic growth and inflation

  

  Argentina posted a primary budget surplus 1.97 billion Pesos (455 million US dollars) in April, up 4.8% from the 1.88 billion Peso surplus a year earlier, the government said on Thursday.

• Saturday, May 21st 2011 - 09:56 UTC

  Spaniards take to cities’ plazas and call for a protest no-vote in Sunday’s local elections

  

  Tens of thousands of Spaniards angry over unemployment protested for a sixth day, ahead of Sunday's local elections in which the ruling Socialists are expected to suffer heavy losses.

• Saturday, May 21st 2011 - 09:45 UTC

  Lipsky calls for continued support for ‘shaky’ economies in Europe

  

  The global economic recovery is accelerating but remains vulnerable to setbacks said IMF acting Managing Director John Lipsky said as he urged continued international support for shaky economies in Europe.

• Saturday, May 21st 2011 - 09:34 UTC

  Brazil/Argentine dispute abating as trade begins to normalize

  

  The trade dispute among Mercosur main partners seems to be abating from the moment Brazil authorized on Friday the introduction of 1.000 cars manufactured in Argentina that had been retained in Customs since the implementation of non automatic import licences.

• Saturday, May 21st 2011 - 03:09 UTC

  EU and Latam lawmakers more positive about a trade agreement with Mercosur

  

  The outcome of a two-day European and Latin America lawmakers’ meeting in Uruguay was considered very positive and a strong message to forward negotiations on the sensitive EU/Mercosur trade and cooperation agreement.

• Friday, May 20th 2011 - 19:29 UTC

  Brazil’s Golden Age–or Parade of White Elephants?

  

  by COHA Research Associate Augustus Urschel.
  The 2014 World Cup and 2016 Olympics.
  Winning the 2014 World Cup and 2016 Summer Olympic bids continues to have both intended and unexpected consequences for this year’s miracle country. On November 28, 2010, Brazilian police and soldiers seized the Complexo do Alemão, a large favela in the Northern Zone of Rio, from drug lords.

• Friday, May 20th 2011 - 10:42 UTC

  Piñera submits bill to repeal financing military expenditure with copper exports

  

  Chilean President Sebastián Piñera signed a bill which, if approved by Congress, would eliminate a substantial source of revenue for Chile’s Armed Forces. Under current legislation, 10% of all export revenues from Chile’s National Copper Corporation (CODELCO) are directed to the Superior Council of National Defence, to be spent on weaponry and equipment.

• Friday, May 20th 2011 - 10:16 UTC

  China says new IMF chief should better represent emerging economies

  

  The new leadership of the IMF should reflect changes in the world economic order and be more representative of emerging market economies, People’s Bank of China Governor Zhou Xiaochuan said on Thursday.