Stories for November 6th 2012
Brazil announced on Tuesday it will create a new police agency, boost surveillance operations and mull transferring inmates to more secure prisons as it battles killings of police in surging violence blamed on a jail-based drug gang.
The US Supreme Court on Monday asked for the US government's views on a British Gas Group PLC appeal that seeks to restore a 185 million dollars arbitration award the company won against Argentina in 2007.
International tourist arrivals grew by 4% between January and August 2012 compared to the same period of 2011 according to the latest UNWTO World Tourism Barometer. The resilience of international tourism in a continuing uncertain economy is further confirmed by the positive data on tourism earnings and expenditure.
New Zealand scientists have made a world first discovery when they identified two skeletons belonging to the spade-toothed beaked whale, which is so rare that nobody has seen one alive. A 17-foot whale mother and her calf beached themselves in New Zealand in 2010 and were buried misidentified for a much more common type of whale that occasionally strands on NZ beaches.
Argentina’s real estate sector is already feeling the negative consequences of the ‘dollar-clamp’ implemented by the government of President Cristina Fernandez a year ago, and in 2013 the effect could have an even greater impact for the construction industry.
Argentina will use all legal means to defend its position against a US court ruling that would force the country to repay creditors who sued to collect on defaulted Argentine bonds, Economy Minister Hernan Lorenzino reiterated in Mexico.
The Uruguayan government confirmed on Monday a raft of measures to attract Argentine tourists and compensate the restrictions in Argentina to purchase foreign currency (dollar-clamp) and the 15% retention fund for credit or debit cards operations outside the country.
Mercosur is denying Paraguay its legitimate right to the pro-tempore chair of Mercosur next 7 December at the presidential summit in Brasilia when Uruguay will receive the relay from Brazil. On that same occasion Venezuela will be attending the meeting as full member for the first time, reports the Asuncion media.
Uruguayan president Jose Mujica has plans to meet two, probably three times before the end of the year with his peer from Venezuela, Hugo Chavez to address “a real integration” of Mercosur, not limited to trade, but at the same time admitting that Venezuela is rapidly becoming one of the main markets for Uruguayan exports.
The world's leading economies gave themselves a bit more space on Monday to meet targets for cutting budget deficits rather than risk worsening a slowdown in many countries, chief among them the United States.