Stories for January 17th 2013
European Parliament calls for speeding EU/Mercosur trade negotiations
The European Parliament regretted that negotiations for an association agreement between the European Union and Mercosur remain stalled or have hardly advanced since they officially resumed two years ago.
Uruguay’s growth estimates for this year, 3.86%, according to private estimates
Private analysts lowered their forecasts for Uruguay’s GDP growth this year from an average of 4% in December to 3.86%, according to the latest monthly survey on economic expectations released by the Central Bank. Expectations for January ranged between 3.2% and 4%.
IMF ‘definitive’ assessment of Argentine inflation and GDP stats in February
IMF Managing Director Christine Lagarde confirmed to the Argentine media that next February first the fund will be assessing her critical report on Argentine statistics, which could lead to sanctions for the country.
Uruguay poised to grow 4% this year; Argentina and Brazil, 3.4%, says World Bank
Uruguay’s economy is poised to grow 4% this year and in 2014, which is above the region’s average, according to the World Bank’s latest Global Economic Prospects issued this week. However Uruguay will be ranked twelfth in the growth ranking of Latinamerica this year but ahead of Brazil and Argentina with 3.4%.
Brazil expects to tame inflation with the currency and energy rate cuts
The Brazilian currency and energy rate cuts will help tame inflation this year, allowing the Brazilian central bank to keep interest rates at a record low even as growth accelerates, said Treasury Secretary Arno Augustin.
Atlantic countries concerned with UK presence in Falklands; call for talks with Argentina
Twenty one countries from South America and Africa strongly supported their commitment to keep the South Atlantic free of arms of massive destruction and expressed concern over the British military presence in the Falklands/Malvinas, which are claimed by Argentina.
Despite inflation risks Brazil keeps interest rates at record low, 7.25%
The Brazilian central bank kept its benchmark interest rate at a record low for the second straight meeting, 7.25%, despite admitting inflation was a short term risk and economic recovery less intense than expected.
World Bank says global economy remains fragile: forecasts GDP growth at 2.4%
Four years after the onset of the global financial crisis, the worst appears to be over. However, the global economy remains fragile, as high-income countries continue to suffer from volatility and slow growth, says the World Bank’s latest Global Economic Prospects, issued on Wednesday.
New housing project in Stanley anticipating Falklands’ oil industry development
In anticipation of the business opportunities the oil industry will bring to the Falkland Islands, a leading company has plans to build in the capital Stanley 26 two bedroom apartments in the form of an 80 metre long terrace on land were previously there were temporary housing and offices since removed.
Lifetime speech for Cameron: how much Europe Brits are willing to tolerate
British Prime Minister David Cameron came under renewed pressure to loosen his country's ties with the European Union today, two days ahead of a major speech in which he will spell out plans to renegotiate Britain's membership of the EU.
