Stories for September 6th 2012
Patriota defends Mercosur decisions on Paraguay before the Brazilian congress
Brazilian Foreign minister Antonio Patriota strongly defended the decision to suspend Paraguay from Mercosur following the removal of Fernando Lugo from the presidency, as well as the incorporation of Venezuela as full member of the trade group.
Two Uruguayan ex-presidents openly support the new Paraguayan authorities
Uruguayan former presidents Jorge Batlle and Luis Alberto Lacalle came in support of the current Paraguayan authorities and political process and claimed the only “coup” was that of Mercosur against Paraguay. They also questioned the removed president Fernando Lugo’s ‘pitiful reaction’ and statements.
August anticipates that Uruguay’s annual inflation out of target at 8%
Consumer prices in Uruguay rose 0.93% during August, above expectations and leaving the Central bank with not much margin to apply counter measures. In the twelve months to August inflation was 7.88%, up from July’s 7.48%.
Obama nominated candidate following ex-president Clinton impassionate speech
In a speech to the Democratic Party’s national convention, former President Bill Clinton appealed to millions of hard-pressed Americans to support the President Barack Obama for a second term in the White House.
Argentine Security ministry tells local police not to follow Cristina Fernandez
Argentina’s Security Ministry issued a tough press release in response to the alleged police operative deployed by the Santa Cruz government in order to monitor the activities of President Cristina Fernández last weekend.
Despite Chavez denial, Yanomami indigenous tribe claim there was a massacre
Venezuelan President Hugo Chavez on Wednesday became the latest senior official to insist there is no evidence of an alleged massacre of some 80 Yanomami indigenous people.
Latam governance and economic performance receives positive balance from OAS
The Secretary General of the Organization of American States (OAS), José Miguel Insulza offered a positive balance of governance in Latinamerica and the performance of the region’s economy, in general, during the last twelve months.
Brazil August inflation relatively stable, but food prices could change the picture
Brazil's annual inflation remained relatively stable in August, and was broadly in line with economists' forecast, data released by statistical office IBGE. The consumer price index increased 5.24% on an annual basis in August, just ahead of the 5.2% recorded in July.
‘Copper insulated’ Chilean economy outperforming and Peso becoming too strong
The Chilean central bank raised its forecast for economic growth this year to between 4.75% and 5.25% (from 4% to 5%), adding that it expects GDP to expand 4% to 5% in 2013.
Brazil excels in many fields but also in crack and cocaine consumption
Brazil is the world's largest market for crack and the second for overall cocaine use, researchers from the Federal University of Sao Paulo (UNIFESP) said on Wednesday.
