Politics

• Friday, June 11th 2010 - 20:55 UTC

  Positive outlook for the Argentine economy according to international bank

  

  Argentine stocks are poised to a boost from a likely decline in the nation’s credit risk by year-end and the presidential elections in 2011, according to analysts from Spain’s Banco Santander, one of the leading financial institutions in Latinamerica.

• Friday, June 11th 2010 - 17:13 UTC

  Paraguay admits pressure from Brazil to vote for Venezuela’s Mercosur incorporation

  

  Paraguayan President Fernando Lugo admitted he called on Congress to reach a consensus to vote the incorporation of Venezuela to Mercosur, since Argentina, Brazil and Uruguay have already done so and ‘only Paraguay is missing’.

• Friday, June 11th 2010 - 06:31 UTC

  FIFA declares profit of 196 million USD and over 1 billion equity

  

  FIFA made a profit of 196 million US dollars in 2009 and has equity of over 1 billion thanks mainly to massive and still growing income from the sale of TV rights, soccer's governing body said on Thursday.

• Friday, June 11th 2010 - 06:21 UTC

  World Cup in South Africa Bypassed ‘Plan B’

  

  The following piece was written by Pravin Gordhan, South African Minister of Finance and published in Bloomberg Business Week.<br />
  The 2010 World Cup soccer tournament that kicks off Friday represents much more than just a sporting spectacular for South Africa.

• Friday, June 11th 2010 - 06:20 UTC

  Venezuela suspends power rationing in the eve of the World Cup

  

  Venezuelan President Hugo Chavez suspended a national electricity rationing plan, saying that the grid had been strengthened by new investments in thermoelectric plants and heavy rains that filled up reservoirs. He also wants Venezuelans to watch the World Cup in South Africa.

• Friday, June 11th 2010 - 06:06 UTC

  Argentina reaffirms “exclusive authority” over all Falklands’ hydrocarbons activities

  

  Argentina reaffirmed “exclusive authority” over all hydrocarbons activities in the Islas Malvinas territory and maritime spaces in a strong release to commemorate June 10th, Day of Argentina’s Sovereignty Rights over Malvinas.

• Friday, June 11th 2010 - 00:37 UTC

  Bank of England leaves rates and quantitative easing funds unchanged

  

  UK interest rates have been kept on hold at a record low of 0.5% for the 15th month in a row. The Bank of England also decided on Thursday not to inject any more money into the UK economy under its policy of quantitative easing (QE).

• Friday, June 11th 2010 - 00:04 UTC

  Taiana announces in Shanghai Cristina’s official visit to China next July

  

  Argentine President Cristina Fernández de Kirchner is scheduled to make an official visit to China and meet with President Hu Jintao next July, announced Foreign Minister Jorge Taiana during his visit to the Argentine pavilion in the Shanghai World Expo.

• Thursday, June 10th 2010 - 23:57 UTC

  Argentina ratifies adhesion to Unasur following unanimous vote in Congress

  

  Argentina ratified this week the adhesion to the South American Nations Union (Unasur) Treaty, following a unanimous vote in the Lower House of Congress. The Senate had already approved the initiative.

• Thursday, June 10th 2010 - 22:25 UTC

  Lady Di strapless taffeta dress purchased by Chile’s fashion museum

  

  The Chilean Museum de la Moda (Fashion) purchased a strapless taffeta dress that Princess Diana wore to one of her first official engagements for more than four times the initial price.