Argentina’s Economy minister Amado Boudou announced Tuesday that the President Cristina Fernández de Kirchner's administration is to request aid from the International Monetary Fund to help with a new price index.
Rio Grande in the south of Brazil has rapidly become the main competitor of the port of Montevideo based on a sustained expansion, deep dredging, the construction of new piers and update equipment.
Irish Prime Minister Brian Cowen defied mounting pressure to quit and announced Monday he would stay in office until parliament passed an austerity budget needed to secure an IMF/EU bailout and then call an early election.
European Central Bank President Jean-Claude Trichet Monday sought to reassure investors on the resilience of the Euro-zone as Ireland's formal request for financial assistance from the bloc sparked nervousness on European credit markets.
Venezuelan president Hugo Chavez announced he would again run for office in 2012 underlining that “there’s no turning back” from the current “Bolivarian revolution” process which he has been leading for the last twelve years.
DryShips has won an exploration contract to drill offshore the Falkland Islands. The Greek company received a letter of intent for the Eirik Raude and will drill two weels for approximately 90 days beginning in the fourth quarter of 2011.
The chief of the International Air Transport Association or IATA sharply criticized the poor condition of Brazil airports, saying that the situation could put the country in a very bad light during the World Cup and the Olympic Games if the government does not improve capacity and renovate aging infrastructure.
Brazilian economists raised their forecast for inflation this year for the tenth consecutive week, as food costs pressure consumer prices further beyond the government’s target.
Brazil’s President-elect Dilma Rousseff plans to maintain the central bank’s operational autonomy and also will keep the position of central bank president as a Cabinet-level post, according to reliable sources close to the leader.
Denmark’s Vesta Wind Systems has received an order from Argentina for 43 V90-1.8 MW wind turbines (totalling 77 MW) to be mounted in the Rawson I wind farm and Rawson II wind farm both located in the outskirts of Rawson, Chubut province, Argentine Patagonia.