Stories for November 23rd 2012

Friday, November 23rd 2012 - 23:41 UTC

‘Business climate’ up in Latam; lack of competitiveness and skilled labour remain challenges

Peru, Uruguay and Brazil ranked first in the last 12 months according to FGV

Brazil, Bolivia and Chile had the best ‘business climate’ in Latin America during October according to the Economic Climate Index, ICE from the Brazilian think-tank Getulio Vargas Foundation, FGV.

Friday, November 23rd 2012 - 23:20 UTC

Mujica calls for prudence with salaries: “look at what is happening on the other side (Argentina)”

Uruguayan president: “no fiddling with numbers please”

Uruguayan president Jose Mujica appealed to workers and entrepreneurs to avoid an escalation of salaries and prices which leads “to all sort of fiddling” as is happening in Argentina.

Friday, November 23rd 2012 - 21:15 UTC

Brazil steering its currency to competitive ground for manufacturing

Mantega says the Real at a reasonable level, but not totally satisfactory

Brazil's exchange rate is at a reasonable level though not totally satisfactory said Finance Minister Guido Mantega on Friday, in an indication that the government is prepared to further weaken the Real to boost a still weak economy.

Friday, November 23rd 2012 - 20:15 UTC

Brazil has its first ever black head of the Supreme Court

Magistrate Joaquim Barbosa congratulated by President Dilma Rousseff

Brazil judge Joaquim Barbosa took the oath of office as Brazil's first ever Afro descendant head of the Federal Supreme Tribunal (Supreme Court) on Thursday, in a historic ceremony attended by President Dilma Rousseff and other top leaders.

Friday, November 23rd 2012 - 20:06 UTC

CPR confirms potential of Desire Petroleum discoveries in the Falklands

Chairman Phipps: the priority is to attract further investment in Desire’s licences

Falklands’ oil explorer Desire Petroleum announced on Friday that the findings of a Competent Person’s Report, CPR, have confirmed the potential of its discoveries offshore the Islands in the North Falkland Basin.

Friday, November 23rd 2012 - 13:10 UTC

Argentina wheat forecast down because of flooding in key parts of farm belt

Soggy soil has made it difficult for other crops also

Argentina's government cut this season's wheat output forecast, citing three months of heavy rains that started in August and flooded key parts of the Pampas farm belt, the Agriculture Ministry said on Thursday.

Friday, November 23rd 2012 - 13:06 UTC

Bolivia accepts invitation to become a full member of Mercosur

President Evo Morales will be signing the first accords in Brasilia

Bolivia accepted the official invitation to become full member of Mercosur and hopes to sign the first accords during the coming summit of the block in early December in Brasilia, said President Evo Morales.

Friday, November 23rd 2012 - 09:54 UTC

Australian scientists ‘discover’ the island that never was in the mid-Pacific

Dr Maria Seton said that instead of Sandy island, navigation charts on board the ship showed a water depth of 1.400 meters in that area

A South Pacific island identified on Google Earth and world maps does not exist, according to Australian scientists who went searching for the mystery landmass during a geological expedition.

Friday, November 23rd 2012 - 09:27 UTC

Unasur delegate in non-official fact finding mission in Paraguay

Salomon Lerner is expected to write a report to the leaders of Unasur meeting in Lima at the end of the month

The head of the Unasur High Level Group for Paraguay, former Peruvian Prime Minister Salomon Lerner is currently in the country where he arrived as a simple tourist with plans to meet local political leaders, members of the country’s Electoral Tribunal and get a feeling of the atmosphere in the run to presidential elections next April 2013.

Friday, November 23rd 2012 - 05:24 UTC

Argentina to request on Monday a review of US Judge Griesa latest ruling

Minister Lorenzino continued to question Judge Griesa’s decision

Argentine Economy Minister Hernán Lorenzino assured during a press conference on Thursday that “paying off the vulture funds is illegal,” and said that the ruling by US District Judge Thomas Griesa against Argentina is “unfair”.

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