Stories for January 8th 2012
Inflation in Uruguay was not only far above target domestically but also figures among the ten highest in the world, and in Latam only behind Argentina and Venezuela
Argentina’s government is “grandstanding” and acting illegally in imposing a blockade on ships from the Falkland Islands, Henry Bellingham has claimed in an interview with the Lynn News from England.
Investment banking heavyweight Credit Suisse has initiated coverage of Rockhopper Exploration with a bullish assessment of prospects for the Falklands–focused firm, reports Proactive Investors UK.
Brazil's government just met its inflation target for 2011, which was a surprise victory forPresident Dilma Rousseff and for a central bank that struggled for most of the year with rising food and commodities prices. However it is the highest inflation since 2004.
Jamaica's new Prime Minister, Portia Simpson Miller, has said she intends to make the island a republic, removing Queen Elizabeth as the head of state. In her inaugural address, Ms Simpson Miller said the time had come for Jamaica to break with the British monarchy and have its own president.
Latin America trade with India could go up to 50 billion dollars by 2014 on the back of projected high economic growth in both the regions, said R. Viswanathan, India's ambassador to Argentina, Uruguay and Paraguay.
The Euro is likely to survive 2012 despite the debt crisis in the Euro currency zone, according to International Monetary Fund Managing Director Christine Lagarde.
Venezuelan President Hugo Chávez named as Defence minister General Henry Rangel Silva, who the United States has described as a “drug kingpin” linked to cocaine smuggling from neighbouring Colombia.
Two companies involved in electronics announced investments of 450 million Argentine Pesos (over 100 million dollars) in Tierra del Fuego for the production of electrical appliances.
President Barack Obama kicked off an effort to encourage US businesses to keep jobs at home instead of outsourcing them overseas, as he rolled out a new election-year theme aimed at courting middle-class voters.