China/Latam trade expanded 8% in 2012 and region’s deficit jumped to 6.6bn
China has become the main trading partner of most Latam countries Latin America's trade deficit with China jumped to 6.6 billion dollars last year from only 150 million in 2011, according to an analysis by online publication Latinvex based on new data from the IMF. Total trade between China and Latin America grew 8% last year to 255.5bn which means the region’s trade with China is growing faster tha...
Merkel and Brazil’s Rousseff the most powerful women in the world, according to Forbes
Angela Merkel and Dilma Rousseff German Chancellor Angela Merkel topped Forbes's list of the world's most powerful women for the third consecutive year, followed by Brazil's Dilma Rousseff, the magazine said on Wednesday. Cristina Fernandez from Argentina dropped ten places and now stands in position 26.
Uruguay: Mujica on a most ambitious mission to China after investments for ports and railways
The Uruguayan president will also travel to Spain, Italy and the Vatican Uruguayan President Jose Mujica begins on Wednesday the longest and most ambitious of his overseas trips hoping to convince China to invest in infrastructure projects that are crucial for the development of the country and its foreign trade: a deep water port and recovering the rail cargo network.
Cristina prepares great rally to celebrate ten years of the Kirchnerite model
Ten years ago when all was hope that came from the cold south in Patagonia The Argentine government is preparing for a huge political demonstration next Saturday 25 May to be held in the Plaza de Mayo to celebrate 10 years since President Cristina Fernández late husband and predecessor Néstor Kirchner took office. It will also be a test ahead of the October mid-term election.
Uruguay’s booming construction industry anticipates a tough year ahead
The investment in the construction industry in Uruguay soared 26.45% last year over 2011 and reached seven billion dollars, of which 40% correspond to the Brazilian-Chilean pulp mill, Montes del Plata, the country’s largest investment in years equivalent to 2 billion dollars. However there are storm clouds ahead.
Quarter of Italians edging the poverty line and most youngsters survive thanks to Mon and Dad
One out of four Italians up to 40 years of age survive with the help of their parents, according to a report on “Youth and the crisis” released this week in Milan. Another report from the Italian national statistics institute (ISTAT) says millions of Italians have or are close to falling below the poverty line.
“Fed not ready to take its foot off the gas”, Bernanke tells the US Congress
The Federal Reserve's monetary stimulus is helping the US economy recover, and the central bank needs to see further signs of traction before taking its foot off the gas, central bank chairman Ben Bernanke said on Wednesday.
UK approves vaccine against Schmallenberg virus which attacks pregnant cattle and sheep
A vaccine to protect sheep and cattle from a virus spread by midges has been approved by UK government vets. The virus, which emerged in the Netherlands and Germany in 2011, can lead to sheep and cattle having stillborn or deformed offspring.
Francis criticizes ‘savage capitalism” and the “logic of profit at any cost”
Pope Francis criticised what he called “savage capitalism” on a visit to a food kitchen on Tuesday, in an address in which he called for the values of generosity and charity to be revived.
Uruguay joins the women’s presidential club: Mujica flies to China and Astori to Colombia
For several days beginning Wednesday Uruguay, as its neighbours, Brazil and Argentina will be ruled by a woman. Lucia Topolansky, Fist Lady but also Senator and third in the succession line will become interim president since her husband is off on an official trip to China and Europe, and Vice-president Danilo Astori will be attending the Alliance of the Pacific summit in Colombia.
Uruguay’s main problem is high inflation but no policy changes planned, says Astori
Uruguay's main economic problem is high inflation, and policymakers will continue to use interest rates and bank reserve requirements to bring it under control, Vice President Danilo Astori said on Tuesday. Consumer prices in Uruguay rose 8.14% in the 12 months through April, far outside the country's official annual target range of 4 to 6%.
Carnival cruises profits suffering from a bad spell of vessels’ incidents
Shares in cruise company Carnival have fallen more than 7% after it issued a profit warning its second in just three months. Carnival, which operates ships under brands such as P&O and Costa Cruises, said full year revenues, which were expected to be flat, would now fall 2-3%.
Chile ranked third as most attractive country for copper mining investments
Chile is the third most attractive country for copper mining investments behind Canada and Australia according to a report from the Chilean Copper Committee, Cochilco that includes fifteen leading countries in the industry and was released this week by Mining minister Hernan de Solminihac in Santiago.
Falklands: optimism about identification of the unknown Argentine soldiers
An Argentine delegation involved in human rights that in early May visited the Falkland Islands is optimistic about the possibility of advancing in the identification of the remains of Argentine soldiers buried as unknown in unmarked graves at the Darwin cemetery.
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