Stories for February 9th 2011
Riding on commodities boom, Peruvian exports reached 35 billion USD in 2010
Peruvian exports in 2010 reached 35 billion US dollars, up 30% from 2009, said Foreign Trade and Tourism minister Enrique Ferreyros. He also pointed out in nine years the number of Peruvian companies involved in exporting jumped from 4.086 to 7.200 and markets from 155 to 178 markets.
Brazilian January inflation highest since April 2005
Brazilian officials say inflation in January was the highest monthly jump in almost six years. The government's IBGE statistics bureau said that January inflation was 0.83%, the biggest monthly jump since April 2005, when inflation was 0.87%.
Brazil to trim budget and fight inflation by eliminating all 2009 stimuli
Brazil announces 50 billion Real (30 billion US dollars) cuts from this year’s budget as President Dilma Rousseff seeks to help the central bank contain inflation and lower some the world’s highest real interest rates.
A former secretary of Nestor Kirchner claims she was his mistress
A former secretary of Nestor Kirchner, the late ex-president of Argentina, has claimed she was his long-term mistress weeks after being sacked by his widow and successor, Cristina Fernandez de Kirchner.
Uruguay solid candidate for “investment grade” rating says JP Morgan
Uruguay is considered a solid candidate to obtain “investment grade” given its strong economic fundamentals and these same factors make the country’s bonds issued in indexed units, UI, an attractive investment, according to a report from the investment bank JP Morgan published in the Montevideo press.
Egypt discovers a cyber hero for its anti Mubarak revolution
In Wael Ghonim, Egypt's anti-Mubarak street movement finally found a hero to rally around after a period of leaderless protest. The Egyptian-born Google marketing executive first played a role in organising the opposition through Facebook, only to disappear into police custody for 12 days.
Kirchner administrations lack “true political will” to eradicate corruption
More than a hundred cables from the US embassy in Buenos Aires warned about the fragility of the judicial system and the impunity of criminals, according to an article recently published by Spanish newspaper El País. The leaked documents also spoke of the lack of a “true political will” to eradicate corruption.
