Economy

• Tuesday, June 4th 2013 - 08:27 UTC

  Paraguayan inflation 0.2% in five months; economy poised to expand 13%

  

  Consumer prices in Paraguay dropped 0.3% during May which brings the accumulated five month inflation to 0.2%, reported the Central bank. The percentage is considerably lower than May a year ago when it reached 0.4% and had accumulated 3.2%. Twelve month inflation in May reached 0.9% which compares favourably with the 3.8% of a year ago

• Tuesday, June 4th 2013 - 05:07 UTC

  Uruguayan forestry company buys turbines for a 90 MW wind farm

  

  Denmark’s Vestas Wind Systems wind-turbine maker received a 90-megawatt turbine order from Compañia Forestal Uruguaya SA for the Pintado power plant in south centre Uruguay. The 30 3-megawatt turbines project will be serviced by the company for 15 years and the farm is expected to be operational by the second quarter of next year.

• Tuesday, June 4th 2013 - 05:05 UTC

  Brazil provides billions to fund renewable-power and bio-fuel technology

  

  Brazil will pour 6.1 billion Reais (2.85 billion dollar) to fund renewable-power and bio-fuel technology research, accelerating its efforts to modernize its energy industry and shift away from a commodity-export based economy.

• Monday, June 3rd 2013 - 05:35 UTC

  Argentina and Repsol in another clash: this time over board members payments

  

  Argentina's nationalized energy company YPF will sue the head of Repsol SA over accusations that YPF's board members were overpaid when the Spanish oil major held a majority stake in the company, the government said.

• Monday, June 3rd 2013 - 05:30 UTC

  In four months Uruguay exports fell faster than imports: billion dollar deficit

  

  Uruguay’s trade deficit climbed to over a billion dollars in the first four months of the year compared to 975 million dollars in the same period a year ago. So far this year the fall in exports has been stronger than that of imports, which has led to the 1.045 billion dollars deficit according to the latest stats from the Central bank.

• Monday, June 3rd 2013 - 05:22 UTC

  Despite Falklands, more than 100.000 Argentine tourists visited Britain

  

  Argentine tourists have staged a British invasion, with record numbers flying in to the UK in the last year, according to an article by Matt Chorley published in the Daily Mail. The influx of more than 100.000 visitors, up more than a quarter year-on-year, comes despite renewed tensions between the two countries over the status of the Falkland Islands.

• Monday, June 3rd 2013 - 05:17 UTC

  Uruguay ruling coalition warned about budget deficit and loss of labour productivity

  

  Uruguayan economic officials have warned the ruling coalition Broad Front about the regional risk-situation in complex Argentina and stalled Brazil, and its influence on Uruguay which needs to lower its budget deficit and improve labour productivity and competitiveness.

• Monday, June 3rd 2013 - 05:13 UTC

  Xi Jinping visits Mexico to try and improve political and trade cooperation

  

  The leaders of Mexico and China will meet for the second time in two months this week, a sign of deepening cooperation, even as the Latin American nation seeks to close a huge trade deficit. Chinese President Xi Jinping will be treated to a lavish two-day state visit in Mexico that begins on Tuesday, with an event at the Campo Marte military field with President Enrique Peña Nieto and a speech to Congress.

• Saturday, June 1st 2013 - 19:06 UTC

  Mercosur plan to delay summit and give time to Paraguay to return with full rights

  

  Paraguay is considering the announcement made by Uruguayan president Jose Mujica who suggested delaying the coming Mercosur summit in Montevideo scheduled for the end of June, ‘to wait and give time for Paraguay’ (currently suspended) to return to the block.

• Saturday, June 1st 2013 - 19:03 UTC

  Biden meets Rousseff, underlines the importance of a broader relationship with Brazil

  

  US Vice-President Joe Biden wound up a visit to Brazil on Friday saying it was high time the two largest economies in the Americas became closer partners in trade, investment and energy. He made the statement following a ‘wide-ranging discussion’ with President Dilma Rousseff at the Planalto palace in Brasilia.