Stories for November 29th 2008
Paraguay pushing for a fairer deal with Brazil on energy
Landlocked Paraguay will make public in Uruguay and Spain, its claims to neighbouring Brazil regarding the energy from South America's largest hydroelectric dam, Itaipú, which it shares with Latinamerica's leading economy.
Mercosur partners divided over protectionism
As was anticipated Mercosur senior members Argentina and Brazil proposed Friday an increase of the common external tariff, (AEC) for certain products, and as was expected junior members Uruguay and Paraguay rejected the idea.
Unemployment up and Nov. inflation plunges in Euro zone
Unemployment in the European Union 15 nations that share the Euro shot up to 7.7% in October ? the highest level in two years ? as growth dropped sharply. Inflation on the other hand plunged to 2.1% in November as oil came down from the record prices of last July.
Lan confident it can cope the coming air industry turbulence
LAN Chile is reviewing its investment plans given the expected deceleration in world air traffic next year, although the company remains particularly strong and resilient to outside turbulences, according to Enrique Cueto, executive vice-president of Chile's flan carrier.
Uruguay confident of weathering financial crisis, says FT
An optimistic overview of Uruguay's economic prospects for 2009 and 2010 was displayed by the country's Economy minister Alvaro García and Central Bank president Mario Bergara during an interview with Jude Webber from the Financial Times (November 28).
