Stories for July 21st 2011
Peruvian President-elect Ollanta Humala picked more moderates for his Cabinet on Thursday as he tries to reassure investors he will govern as a centrist in one of the world's fastest-growing economies.
President Hugo Chavez proclaimed Venezuela had been robbed of their victory goal after his team was beaten on penalties by Paraguay in the Copa America semi-finals.
The current regional integration of Latin America is too slow in light of the challenges the region faces, a United Nations economic agency official said on Wednesday, calling for greater efforts to rev up the process.
Legislative Assembly Member Dick Sawle will represent the Falkland Islands at the 57th Commonwealth Parliamentary Conference next week in London which on this occasion will have a very special significance: the founding centennial of the Commonwealth’s oldest organization.
Following on an 8.5% growth rate in 2010, Uruguay’s real GDP continued to expand 6.8% in the first quarter of this year compared with the same period of 2010, according to the Central bank Debt Management Unit.
Brazil’s central bank announced late Wednesday the fifth straight increase in its benchmark Selic rate by a quarter points to 12.5%, a decision much anticipated by the market and geared to combat high inflation, which is running at a six-year high, 6.75% above the government’s upper target of 6.5%.
President Sebastián Piñera declared much of La Araucania in Chilean Patagonia, disaster areas on Wednesday, as four days of non-stop snowfall have isolated the region’s predominantly rural communities and wreaked havoc on basic utilities.
Paraguay beat Venezuela 5-3 on penalties to reach the Copa America final after regulation and extra-time produced a goalless draw. The Wednesday night match played in the Malvinas Argentina stadium of the city of Mendoza ended with a general brawl among some players and assistants.
After growing 20% annually over the past ten years and reaching a level of 800,000 tourists annually, the pace of cruise expansion in Brazil is expected to encounter a sharp slowdown in the 2011-2012 season.
The Portsmouth-based destroyer HMS Edinburgh faced some mountainous seas on the 4,000-mile passage from Cape Town to Mare Harbour in the Falkland Islands, her base for the next five or so months as she patrols Britain’s South Atlantic territories.