Stories for July 21st 2011
Peruvian president-elect names orthodox pro-business in key cabinet posts
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.
Chavez proclaims Venezuela was “robbed of victory goal” against Paraguay
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.
Latam regional integration is “too slow” given the challenges says UN expert
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.
Falklands present at the centennial of the Commonwealth’s Parliamentary Conference
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.
Uruguay economy expands 6.8% in the first quarter and domestic demand, 8.3%
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 raises the basic rate to 12.50%, but confident it can tame inflation
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%.
Parts of Chilean Patagonia covered by nine feet of snow; 6.500 feared isolated
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, after a dramatic finale (scuffle included) makes it to Copa America final
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.
Brazilian cruise industry expects sharp slowdown because of limited port capacity
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.
HMS Edinburgh arrives in the Falklands after visiting Cape Town
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.
