Stories for February 2011
India is reaching out to emerging markets and Latin America, and more precisely Mercosur is a strategic priority, said India’s Minister for Commerce and Industry Jyotiraditya Scindia addressing the Confederation of Indian Industry (CII) India-Uruguay business conference that hosted a large Uruguayan business delegation led by the country’s Vice-President, Danilo Astori.
Uruguay government owned oil company ANCAP contracted the international company Fugro for the provision of geophysical services covering a complete aero-magnetic survey of the River Plate area and Atlantic Ocean where Uruguay is about to launch a hydrocarbons exploratory round.
In his reply of 19 February to my letter of the 12th, Mr. Cisneros says “the worst thing we can do is quibble and distract ourselves from the main problem”. But it is not a “quibble” to state simple facts, as I did in my letter. So I suggest we get a few facts straight – not unilateral facts, but straightforward historical facts.
A Brazilian judge has blocked plans to build a huge hydro-electric dam in the Amazon rainforest because of environmental concerns. Federal judge Ronaldo Desterro said environmental requirements to build the Belo Monte dam had not been met.
The BBC has ended its radio broadcasts in Spanish for Latin America, 73 years after they first went on air. The service faced its greatest challenge during the Falklands War between Britain and Argentina in 1982.
Latin America's biggest company, Brazilian state-managed oil giant Petrobras, on Friday said it raked in a record net profit last year of 20 billion US dollars. That figure for 2010 was 17% higher than its profit for 2009 company executives told a news conference in Rio de Janeiro.
U.S. gross domestic product expanded at an annualized rate of 2.8% in the fourth quarter of 2010, compared with an earlier estimate of 3.2% GDP growth, the Commerce Department said Friday.
Chilean Central Bank data this week confirmed ha China is now the biggest provider of consumable goods to the country. In 2006, the main providers of consumable goods to Chile were the US, Argentina and Brazil.
Unite States officials said they would continue to claim the US Air Force aircraft cargo seized in Argentina and rejected point blank pressures on embassy officials from Argentina’s Foreign Affairs minister Hector Timerman to abstain from comments on the issue with the Argentine press.
By Dominique Strauss-Kahn - Latin America has enjoyed tremendous economic dynamism and a rising quality of life in recent years. But, faced with new challenges, the question is: how best to sustain this progress?