Stories for October 25th 2011
In spite of global financial volatility during the first half of 2011, foreign direct investment (FDI) in Latin America and the Caribbean continued to grow maintaining the 2010 trend, according to a Tuesday release from the UN Economic Commission for Latin America and the Caribbean, ECLAC, in Santiago de Chile.
Forest fires that began on Sunday in the province of Tierra del Fuego, Argentina’s extreme south have spread across from 50 hectares of trees to 1.500 hectares of grazing land, provincial officials confirmed.
The last of the United States' most powerful nuclear bombs — a weapon hundreds of times more destructive than the bomb dropped on Hiroshima — is being disassembled nearly fifty years after it was put into service, informed Tuesday the newspaper Texas Star-Telegram.
A ‘time bomb ticking’ is how economist Carlos Melconian described the current economic situation in Argentina in spite of all the production and consumption ‘records’. Melconian argues that Argentina is travelling through an ‘anaesthetic path’ which overshadows reality.
Uruguayan expatriates are returning at an average of 350 per month which is three times the 2010 rate, but his only refers to those that have formally requested advice and assistance from the country’s Foreign Affairs ‘Return and Welcome Office’.
The Uruguayan government will concentrate efforts in promoting economic growth, (debilitated in the second quarter), plus reducing domestic debt, even to the expense of “weakening the credibility of the inflation target”, according to the Economist Intelligence Unit, EIU, from The Economist magazine.
Germany's political opposition has succeeded in ensuring plans to enhance Europe's bailout fund be brought to a vote in parliament on Wednesday. The decision came after the Bundestag's plenary session rejected the opposition's demands for an open debate just Friday.
Economists covering Brazil cut their 2012 inflation forecast for the first time in eight weeks, cementing expectations that the central bank will continue to cut interest rates.
Brazil’s secretary of civil aviation, Wagner Bittencourt, has confirmed that the government is looking for at least 1.3 billion dollars for the São Paulo–Guarulhos Airport concession.
Brazil will not take part in the annual meeting of the Organization of American States in Washington on Wednesday due to a dispute over a giant hydroelectric plant, said opponents of the scheme.