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Argentina Congress OKs law restructuring debt payments

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The Argentinean Congress has adopted a new law enabling Buenos Aires to pay back the country’s debts to US creditors, sidestepping an earlier US court ruling in favor of the bondholders. On Thursday, the lower house of Argentina’s Congress unanimously voted in favor of the new debt restructuring plan which allows the government to make debt payments inside... 

​Argentina to get $1 billion in currency swap with China before end of 2014

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Argentina will receive the first tranche of yuan worth up to $1 billion in a massive currency swap with China before the end of this year. The deal will boost the troubled economy’s foreign reserves. It comes as part of a loan worth $11 billion signed in July by Argentina’s President Cristina Fernandez de Kirchner and Chinese counterpart Xi Jinping... 

Soros Signals Argentina’s Shale is Biggest Place to Be

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One of the world’s legendary investors is upping his bet on Argentina’s shale oil and gas industry in a show of confidence for shale production in South America’s largest unconventional prize and a big boost for both supermajors and smaller players making big waves in the heart of new discovery areas. George Soros has doubled his stake in YPF SA, the... 

Discovered fossils in Argentina yield giant dinosaur

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A new species of titanosaur unearthed in Argentina. The new fossil remains excavated in southern Argentina have represented the most complete giant sauropod dinosaur ever discovered. The skeletal analysis of the found bones demonstrated size of the beast measured 26m from head to tail and weighed in at almost 60 tones, as heavy as 14 African elephants. The palaeontologists... 

Excess salt impairs vision

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Overconsumption of salt in Brazil increases risk of cataracts and damage to the retina. In Brazil cataracts, clouding of the lens, grows faster than the population over 60 years, although the disease is related to aging. According to the Penido Burnier Institute ophthalmologist, Leoncio Queiroz Neto, one of the factors contributing to this growth is the high... 

Morning After Pills Affects Eyesight

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More than half of teens use the morning-after pill indiscriminately. The habit can increase the risk of glaucoma and other serious eye diseases, an expert warns. How many girls aged fifteen to nineteen years of age use this pill without realizing the dangers? Studies point towards a shocking trend among this age group. Brazilian girls 15-19 years old may not... 

We don’t need permission to trade with Russia – Ecuador

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Ecuador doesn’t need anybody’s permission to export agricultural products to Russia, which now has a big gap that needs to be filled after it banned supplies from a number of western countries, said President Rafael Correa. “I want to immediately say that we don’t need to get anybody’s permission to sell products to friendly countries: as far as we... 

US company may face terrorism charges in Argentina

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The government of Argentina is ready to use an anti-terrorism law to seek criminal charges against a US-based international printing company, which unexpectedly closed its plant on the outskirts of Buenos Aires. Workers of RR Donnelley in the Argentinian capital came to work on Monday to be informed of the plant’s closure due to an “insurmountable crisis,”... 

Chikungunya: New disease hits the Americas

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Chikingunya, meaning “writhing around in pain”, has hit the American continent for the first time, with 1,200 cases reported in El Salvador and 57 imported cases in the United States of America. This viral disease, carried by the mosquito, was found in the Americas for the first time last December. There is one new case every two minutes in some... 

Argentina placed into ‘default’ rating as debt deal deadline expires

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Argentina’s credit rating was downgraded to “selective default” by Standard & Poor’s as the South American country missed Wednesday’s deadline for a grace period during ongoing negotiations with holdout debt holders. Wednesday is the cutoff for Argentina to make good on a $539 million payment to bondholders, which was placed on hold by US judge... 

Bolivia declares Israel a “terrorist state” and revokes travel visas

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An Israeli artillery gun fires a 155mm shell towards the Gaza Strip from a position near the border on July 30, 2014. Bolivia has declared Israel a “terrorist state” and revoked a visa exemption agreement with Tel Aviv in protest at the ongoing Israeli attacks on the besieged Gaza Strip. The move “means, in other words, we are declaring (Israel) a... 

Germany wins 2014 FIFA World Cup after victory over Argentina

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Germany has claimed a fourth World Cup crown in a 1-0 win against Argentina after extra time in the final in Rio de Janeiro. Substitute Mario Goetze was the hero, as he scored the only goal with seven minutes to go. With that triumph Germany has become the first European nation to win the trophy outside of their home continent, which led to jubilant scenes... 

Russia writes off 90% of Cuba’s debt

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Russia has written down $32 billion of Cuba’s Soviet era debt. Russian President Vladimir Putin signed the law ahead of his official visit to Latin America, with Havana as his first stop. The agreement was first signed in October 2013 and draws a line under a twenty-year dispute. Cuba is now required to pay back $3.2 billion over the next 10 years. The first... 

Brazil’s six minutes of nightmare

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The humiliating defeat of Brazil in the World Cup against Germany – 7:1 – was dubbed “historic” and significantly downgraded the rating of Brazilian President Dilma Rousseff’s as a candidacy for second presidential mandate. After the match, riots sparked throughout the country; football fans were clashing with police and looting... 

Bridge collapses in Brazil, at least 2 dead

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At least two people were killed and several others injured as an overpass collapsed in the Brazilian World Cup host city of Belo Horizonte, according to the local fire department. A city bus and several vehicles were crushed after a part of a bridge, which was under construction, fell onto a busy highway. People may be trapped under the debris. O’Globo’s... 
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