Stories for November 6th 2012

Tuesday, November 6th 2012 - 22:38 UTC

Sao Paulo with federal support promises to crack organized crime and drug lords

Federal Justice Minister Jose Eduardo Cardozo will have the job of creating a new police agency

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.

Tuesday, November 6th 2012 - 21:39 UTC

BG Group/Argentina appeal case reaches US Supreme Court

The Supreme Court asked the US government view on the litigation

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.

Tuesday, November 6th 2012 - 21:28 UTC

International tourist arrivals up 4% this year; Americas among the most dynamic

UNWTO Secretary-General, Taleb Rifai: a very positive result in view of the global economic situation

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.

Tuesday, November 6th 2012 - 20:56 UTC

NZ scientists in world first discovery of the elusive spade-toothed beaked whale

First to human eyes: the 17-foot whale mother and her calf beached in New Zealand in 2010

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.

Tuesday, November 6th 2012 - 20:41 UTC

Real estate activity drops dramatically in Argentina because of ‘dollar-clamp’

Armando Pepe: jobs losses in real estate agents and the construction industry could reach 250.000 in 2013

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.

Tuesday, November 6th 2012 - 20:04 UTC

Argentina reiterates it will use all legal means to defend position against US court ruling

Economy minister Lorenzino: ‘vulture funds’ won’t prevent Argentina from honouring commitment to bondholders who agreed to debt restructuring

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.

Tuesday, November 6th 2012 - 18:22 UTC

Uruguay confirms in Argentina incentives for arriving tourists this summer season

Minister Kechichian making the announcement which includes VAT-return, tax free purchases, fuel bonus and bank transfer subsidies

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.

Tuesday, November 6th 2012 - 07:04 UTC

Mercosur ‘denying Paraguay its legitimate right to the pro-tempore chair”

Former Foreign minister Rachid claims there have been repeated violations of Mercosur founding treaty

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.

Tuesday, November 6th 2012 - 06:59 UTC

Mujica after in-depth discussion on ‘a real integration of Mercosur” with Chavez

The two presidents have a good relation and Venezuela has become Uruguay’s main market for dairy produce

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.

Tuesday, November 6th 2012 - 06:56 UTC

G20 adopts soft approach on deficits fearing risks of worsening the slowdown

IMF Lagarde admits the language on fiscal issues has evolved given the situation in different countries (Photo AP)

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.


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