Latin America

http://www.reuters.com/article/2012/08/31/brazil-redeenergia-idUSL2E8JV8SJ20120831?feedType=RSS&feedName=bankruptcyNews Brazil may intervene in indebted group Rede Energia-sources   Fri Aug 31, 2012 11:36am EDT SAO PAULO/BRASILIA Aug 31 (Reuters) – The Brazilian government may intervene in the heavily indebted holding company Grupo Rede Energia SA, which controls several distressed assets in the power distribution market, three sources with knowledge of the action said on… Continue Reading

http://www.reuters.com/article/2012/08/30/brazil-economy-lending-idUSL2E8JU3OZ20120830 UPDATE 2-Brazil banks put the brakes on lending as defaults rise By Guillermo Parra-Bernal and Luciana Otoni SAO PAULO/BRASILIA, Aug 30 (Reuters) – Brazil’s banks abruptly slowed the pace of loan disbursements in July as caution took center stage among private sector lenders seeking to protect earnings from near record delinquencies and a drop… Continue Reading

http://www.reuters.com/article/2012/08/30/brazil-economy-lending-idUSE5E8G701720120830?feedType=RSS&feedName=bankruptcyNews Growth in Brazil lending slows; default ratio rises  SAO PAULO | Thu Aug 30, 2012 9:35am EDT SAO PAULO Aug 30 (Reuters) – Outstanding loans in Brazil’s banking system rose 0.7 percent in July from June, the central bank said on Tuesday. Loans in arrears for 90 days or more rose to the equivalent… Continue Reading

http://www.reuters.com/article/2012/08/30/brazil-economy-lending-idUSL2E8JU3OZ20120830?feedType=RSS&feedName=bankruptcyNews UPDATE 2-Brazil banks put the brakes on lending as defaults rise By Guillermo Parra-Bernal and Luciana Otoni   SAO PAULO/BRASILIA, Aug 30 (Reuters) – Brazil’s banks abruptly slowed the pace of loan disbursements in July as caution took center stage among private sector lenders seeking to protect earnings from near record delinquencies and a… Continue Reading

http://www.reuters.com/article/2012/08/30/us-argentina-ypf-idUSBRE87T15F20120830?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29&utm_content=Google+Reader Argentina’s YPF to fund most of its investment needs  By Alejandro Lifschitz and Karina Grazina BUENOS AIRES | Thu Aug 30, 2012 2:23pm EDT BUENOS AIRES (Reuters) – Argentina’s state-controlled energy company YPF (YPFD.BA)(YPF.N) said on Thursday it would rely mainly on its cash flow to fund the $37.2 billion in investments needed to… Continue Reading

http://online.wsj.com/article/SB10000872396390444914904577621871785180062.html?mod=fox_australian Argentina Moves to Lower Voting Age August 30, 2012 By SHANE ROMIG BUENOS AIRES—An influential congressman in Argentine President Cristina Kirchner’s ruling party has sponsored legislation that would grant suffrage to millions of teenagers ahead of midterm elections next year. Senator Anibal Fernandez—Mrs. Kirchner’s former cabinet chief—has submitted a bill to lower the voting… Continue Reading

http://economictimes.indiatimes.com/news/politics/nation/drought-its-destination-argentina-for-karnataka-mlas/articleshow/15990911.cms Drought? It’s destination Argentina for Karnataka MLAs 30 Aug, 2012 BANGALORE: While the state is bone dry, a bunch of legislators will sip mineral water and some bubbly drink, besides soaking in the beauty of Buenos Aries during the weekend. Despite pouring criticism, the first batch of 20 legislators will leave for a junket… Continue Reading

http://www.youtube.com/watch?v=JPadwzH5bOw&feature=g-upl HOW THE GLOBAL FINANCIAL CRISIS WAS ENDED By the third quarter of 2012 what some had called the Global Financial Crisis ended. All that had been needed was to learn from the mistakes that had caused the GFC in the first place. Reform the financial sector. The world economy then naturally recovered. Just kidding… Continue Reading

http://rssfeeds.usatoday.com/~r/usatoday-NewsTopStories/~3/Io1L97kYe8g/1 Spanish towns in hock as banks cope with $250B in bad loans By Meritxell Mir, Special for USA TODAY BARCELONA – The 241 residents of the tiny northwestern Spanish village of Peleas de Abajo used to be proud of the fertile land and pine tree groves surrounding their red-roofed stone homes. But none of… Continue Reading

http://www.reuters.com/article/2012/08/29/cruzeirodosul-brazil-fgc-idUSL2E8JT2QZ20120829?feedType=RSS&feedName=bankruptcyNews Early cutoff for Brazil Cruzeiro buyback fails to hit threshold  Aug 29 (Reuters) – Brazil’s privately owned deposit guarantee fund FGC and Banco Cruzeiro do Sul, which was seized by the central bank in June, failed to garner the necessary support for a $1.59 billion bond repurchase plan in an early deadline, FGC said… Continue Reading