Stories for October 21st 2011
Uruguay’s strategy is to attract foreign private investors and offer the necessary guarantees to develop their business, said President Jose Mujica in a brief summary of his ten day European visit of four countries and the headquarters of the European Union in Brussels.
At least ten first line oil and gas corporations expressed interest in the road show set up by Uruguay in Houston to promote hydrocarbons exploration on its continental shelf, according to one of the Directors of the country’s fuels company Ancap.
Uruguay and the European Commission agreed on the importance of promoting economic and investment relations and ratified their commitment to advance negotiations for a Mercosur/EU wide ranging trade and association agreement that is “integral, balanced and ambitious”.
Four members of the British Parliament are scheduled to visit the Falkland Islands for a week beginning November 3, reported the Islands government.
Argentina’s sovereign rating is “heavily constrained by inconsistent” policies that have accelerated inflation and economic volatility, Fitch Ratings said three days before presidential elections.
Sao Paulo will host the opening match of the 2014 World Cup and Rio de Janeiro's Maracana stadium, where Uruguay in 1950 knocked out the host’s dream of its first Cup, will stage the final, FIFA announced Thursday.
Brazil reaffirmed its influence in Africa with the visit by President Dilma Rousseff on Thursday of the oil rich ‘brother’ nation Angola. Rousseff had previously visited South Africa and Mozambique.
Brazil’s Supreme Court suspended until mid-December a higher tax on imported cars imposed in September to protect local manufacturers from cheap import from China, Korea and elsewhere.
Brazilian Senate Constitution and Justice Committee approved this week the bill for the creation of a National Truth Commission to research unsolved serious crimes committed between 1946 and 1988, which includes the controversial military dictatorship period from 1964 to 1985.
Beef consumption in Argentina registered in 2011 its lowest per capita in 53 years, having dropped approximately 50% from 98.4 kilos in 1958 to 53.4 kilos last June according to the Institute for the Promotion of Beef.