Stories for September 20th 2012
Barrick Gold is resuming operations Friday at its Pierina mine in Peru after violent clashes this week between police and nearby villagers left one person dead and four injured.
Angela Merkel is seeking help from her estranged, former mentor Helmut Kohl, architect of the Euro, to restore voter faith in the European project before next year's election.
Both the United States and Cuba would benefit if Washington would lift its longstanding trade embargo against the island, but US President Barack Obama has toughened the sanctions since taking office in 2009, a top Cuban official said.
Finance minister Hernan Lorenzino said on Thursday that the international crisis will not affect Argentina and attributed this to the policy of drastically cutting the country’s sovereign debt which now stands at only 40% of GDP.
The mission from Unasur (Union of South American Nations) that will be acting as ‘accompanying observer’ in the coming presidential elections in Venezuela, 7 October, and the only organization allowed to fulfil that task, said that the Venezuelan electoral process is one of the “most trustworthy and reliable”.
The Uruguayan economy experienced a slight deceleration in the second quarter of this year, but with an overall positive evolution. GDP increased 0.8% over the previous quarter and 3.8% over the same quarter a year ago, according to the latest release from the Central bank.
Argentina launched an aggressive campaign to boost domestic tourism this coming summer season by publishing hotel, food and rent prices of resorts along the Atlantic coast and comparing them with similar options in Mercosur partners such a Uruguay, Brazil and Chile.
Latin America shows a huge diversity regarding economic freedom with Chile (10) and Peru (24) among the top ranked 25 countries and another four, Bolivia, Ecuador, Argentina and Venezuela at the other end according to the latest report on Global Economic Freedom.
With less than three weeks for the “mother of all political battles” in Venezuela but that will have repercussions in the rest of the continent, the latest public opinion polls are indicating that opposition candidate Henrique Capriles is leading with 52% vote intention while Hugo Chavez has 48%.
An “extra-tropical” cyclone bashed from early Wednesday the River Plate with winds of over 150 kilometres forcing the Uruguayan government to close public buildings, suspend transport and recommend residents in the capital Montevideo and other locations along the coast to remain at home.