Mercosur

Mercosur
Monday, July 11th 2016 - 10:20 UTC

Spontaneous ovation and acknowledgement for Malvinas veterans during Bicentenary celebrations

As veterans approached the box with authorities, thousands that had turned out for the event started to applaud them, as the crowd shouted “Argentina, Argentina”

Malvinas veterans received a huge ovation and applause when they marched in Buenos Aires closing the main parade that concluded two days of festivities and speeches across Argentina to celebrate the bicentennial of the country's declaration of independence on 9 July 1816.

Monday, July 11th 2016 - 07:44 UTC

Buenos Aires port planning ambitious new terminal to recover cruise industry business

 “We are determined that this project will help us recover the 50% of business lost in recent years, by making the Buenos Aires port more competitive”, said Mortola

The port of Buenos Aires is planning a new terminal for the cruise industry with the purpose or recovering lost business estimated at 50% compared to the peak reached in the 2012/2013 season. Likewise for this coming season there will be a drastic reduction in landing and provision costs for cruise companies operating from Buenos Aires.

Monday, July 11th 2016 - 06:16 UTC

Pope Francis appeals to “a greater Fatherland” in message to Argentina's independence bicentennial

“We need grandfathers with dreams which drive the young — inspired by those same dreams — running forward with the creativity of the prophesy”.

In anticipation of Argentina's Independence Day bicentenary on Saturday,( 9 July 1816), Pope Francis sent a special message calling for the homeland to fulfill the prophesy of Joel (1st chapter. 4th verse) — only if our grandparents dare to dream and our youths to prophesy great things can our homeland be free.

Monday, July 11th 2016 - 06:07 UTC

Brazilian army take to the streets in a display of force in anticipation of the Olympic Games

Armored vehicles and trucks carrying troops were accompanied by soldiers decked out in camouflage gear and matching helmets, with rifles slung over their shoulders.

Brazilian soldiers were on the streets last Saturday, checking out spots around the city that will get intense security when the Rio de Janeiro Olympics open in under four weeks. Armored vehicles and trucks carrying troops were accompanied by soldiers decked out in camouflage gear and matching helmets, with rifles slung over their shoulders. The soldiers covered the city, from Copacabana Beach to the central train station and the renovated port area.

Monday, July 11th 2016 - 05:08 UTC

Meirelles budget lower deficit objective prevails in the Temer administration

“It was not an easy process to come up with this target,” Meirelles told reporters. “It will require a tremendous effort from our end to achieve the goal.”

Brazil set a smaller 2017 primary deficit target than initially envisioned, in an attempt to show greater austerity after an increase in spending raised doubts about the government's fiscal discipline. The central government primary deficit target was set at 139 billion Reais (US$41.32 billion) for 2017, a figure well below the 160 billion Reais it initially considered.

Monday, July 11th 2016 - 05:04 UTC

Brazil's six-month inflation remains above same period last year and central bank target

Despite a slower tendency in June, half year inflation, 8.84%, is above the 6.17% of the first half of last year

Inflation in Brazil fell in June by 0.35% to an annual rate of 8.84%, but remains almost double the government target, official figures showed. This was an improvement from May, when inflation hit 9.32%, temporarily reversing a three-month falling trend.

Friday, July 8th 2016 - 09:47 UTC

Macri extends business tour to Idaho for a techno conference presided by Bill Gates

Among the attendants are Bill and Melinda Gates (Microsoft), Larry Page (Google), Mark Zuckerberg (Facebook), media magnate Rupert Murdoch

Following his business promoting visit to France, Belgium and Germany, Argentine president Mauricio Macri is attending the Sun Valley Conference in the city of Idaho, United States, which is presided over by Microsoft creator Bill Gates.

Friday, July 8th 2016 - 09:35 UTC

Brazil's speaker of the Lower House resigns “to help stabilize the chamber”

“Only my resignation can help stabilize the chamber,” said Cunha, on the verge of tears and his voice cracking, said at a press conference.

Brazil suspended speaker of Brazil's lower house of Congress resigned from his post on Thursday, saying the move was aimed at bringing stability to that legislative chamber. Eduardo Cunha still retains his seat in the Chamber of Deputies, although he could lose it as part of an internal legislative process.

Friday, July 8th 2016 - 06:41 UTC

US and Argentina are “regional leaders and long time friends”, says Kerry

Kerry said that the Argentine and US peoples are bound together by common interests and shared values, democracy, human rights and gender equality.

Secretary of State John Kerry sent best US wishes to the Argentine people on the 200 years of its declaration of independence on July 9, and underlined that both countries “are regional leaders and long time friends”.

Friday, July 8th 2016 - 04:56 UTC

Uruguayan government insists in transferring Mercosur presidency to Venezuela

A release from Uruguay's foreign ministry, which was not signed by Nin Novoa, reiterates its decision to transfer the Mercosur chair to Venezuela

Uruguay ratified on Thursday its willingness to transfer the Mercosur presidency to Venezuela despite objections from the other members, Brazil, Paraguay and Argentina. In a brief statement in its official site, the Ministry of Foreign Affairs said that Uruguay, currently holding the Mercosur pro tempore chair “reiterates its position to proceed to transfer the presidency, in abidance with what is established by the current Mercosur rules”.

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