Stories for June 1st 2012
Brazilian industrial output contracted for a second straight month in April
Brazil’s industrial output unexpectedly contracted for a second straight month in April even as the government steps up measures to boost economic growth.
US delegation at OAS assembly will reiterate Falklands/Malvinas a bilateral issue
United States will reiterate at the coming OAS General Assembly that the Falklands/Malvinas Islands difference is a bilateral issue to be resolved between Argentina and the UK, which means the US delegation, will not take position in a possible declaration in support of Argentina.
Brazil’s former Central bank president named head of Lazard Americas
Lazard Ltd. announced this week the appointment of Henrique Meirelles as Chairman, Lazard Americas, effective immediately. Meirelles was former President of the Central Bank of Brazil.
Jaguar-Land Rover follows BMW puts plans to build a plant in Brazil on hold
Jaguar Land Rover, the luxury car unit of India's Tata Motors has followed Germany's BMW AG in suspending plans to build a new plant in Brazil as tax changes and slowing growth have given premium auto makers cold feet about investing in a potentially lucrative market.
Paraguayan president returns after a two-week controversial tour of Asia
Paraguayan President Fernando Lugo returns home this week after a two-week” tour of Asia where he went in search of new markets for Paraguay’s two largest exports, beef and soy.
Lack of political support freezes Chile’s biggest multi-dam project
Chile’s biggest dam project involving 7 billion dollars and already delayed by protests over plans to flood 14,000 acres of Patagonia wilderness, suffered a fresh setback after one of its investors said the venture lacks political support to proceed.
Discreet Brazilian congress: with no claimants panties are finally incinerated
A pair of panties that fell out of a Brazilian legislator's pocket onto the floor of Congress two weeks ago has been burned after no one claimed them. Fifteen days ago, a group of federal deputies came running into Congress to vote on a bill related to cyber crimes, reported Brazilian newspaper O Globo.
Greater transparency and social communication for Brazil’s central bank
Brazil’s central bank created a post on its board to improve transparency and communications two weeks after President Alexandre Tombini said it’s increasingly important for central banks to provide “forward guidance” to the market.
Uruguay looks to China to expand trade and services, and attract more investment
Uruguay looks forward to increase trade with China in value and diversification as Beijing commands a bigger economic and cooperation role in South America, Uruguayan Foreign Minister Luis Almagro said in an interview with China Daily.
Spain calls on US and IMF for political support in helping the banking system
The United States and Spain discussed the possibility that direct loans from Europe's emergency fund could be a solution for ailing European banks, Spanish Deputy Prime Minister Soraya Saenz de Santamaria said Thursday.
