Stories for July 20th 2009
Signals the worst of the global crisis in Uruguay is moderating
Private analysts and government officials believe there are signs the worst impacts of the global crisis on the Uruguayan economy are moderating. The Leader Index from the local domestic economics analysis think-tank Ceres, last May stabilized after having fallen for seven months running.
New Argentine economy minister confirms Kirchner’s model
Argentine Economy minister Amado Boudu discarded the implementation of “shock measures” and anticipated some changes will take place “to strengthen some institutions”. But he emphatically confirmed the continuation on course of “the 2003 political project”.
Number of tourists arriving in Argentina falls for eighth month running
In May, for the eighth month running the number of foreign tourists visiting Argentina has dropped, mainly because of the global crisis, the A/H1N1 virus flu pandemic and domestic inflation.
Argentina’s trade surplus in six months jumps 91.7%; imports down 38%
Argentina’s trade surplus jumped 91.7%, equivalent to 9.8 billion US dollars in the first half of this year compared to the same period a year ago, according to the latest release from the country’s statistics office, Indec.
From pumas to penguins in Southern Chile Patagonian safaris
The Chilean Patagonian steppe is the setting for the development of a series of projects designed to link the region's landscape with its native fauna. Pumas, rheas, guanacos and hares feature among the major attractions in this emerging tourist sector.
Tourism and fisheries turned successful for South Georgia in 2008
Fisheries and tourism turned 2008 into a successful year for the South Georgia Government according to the address from HE the Commissioner Alan Huckle read out at the South Georgia Association (SGA) AGM. But 2009 could have surprises, he also anticipated.
Argentine dairy farm 50 years in the business forced to close
Magnasco, one of the oldest dairy farms in Argentina with a history of more than 50 years has ceased activities and will dedicate its farmland to potatoes. The family business which owns four dairy farms and rents another five took the drastic action because “there’s no way of making of profit” with the erred agriculture policies from the administration of the Kirchner couple.
Argentina planning to remove bonds adjusted to inflation
Argentina will seek to remove from the bonds market nearly 40% of its sovereign debt and meet all its financial obligations, Economy Minister Amado Boudou was quoted by a Buenos Aires daily on Sunday.
UK by election, anticipation of next year’s main scenario
British Labour and Conservatives are shaping up for a battle to the finish in this week's crunch Norwich North by-election, with each hoping to seize the momentum which will see them through to the general election.
