In a day of chaotic trading the Argentine Peso on Thursday again plummeted against the US dollar losing 12.4% of its value in the official market, ending the day at just over 8 Pesos. In earlier operations the dollar was selling at 8,31 Pesos until the Central bank decided to intervene helping to cool the market.
January 2014 is becoming the hottest month in 53 years for Argentina with the thermal factor reaching an unbearable 47.6 Celsius mid afternoon before rain poured bringing some relief to most of the country an particularly in cement city Buenos Aires.
Argentina's trade balance during 2013 left of surplus of 9.24 billion dollars, 27% less than in the previous year (12.42bn), according to the latest release from the official stats office, indec. Exports in the past year grew by 3% to reach a value of 83bn dollars, while imports rose by 8% and totaled just over 74bn.
FIFA president Sepp Blatter played down concern about sluggish World Cup preparations on Thursday, even when his deputy warned Curitiba must prove it can finalize work to remain a venue. Blatter met visiting Brazilian President Dilma Rousseff at FIFA headquarters in Zurich and the pair both made positive noises about Brazil's ability to deliver come the big kick-off on June 12.
Argentina is considering the purchase from Israel of 18 multipurpose combat aircraft Kfir Block 60 after negotiations with Spain for 16 Mirage F1 fighter bombers fell through, according to a report from Buenos Aires daily Clarin.
Repairs have begun on Brazil's Christ the Redeemer statue after lightning damaged the 38 meters statue's head, right finger and thumb. The iconic statue of Christ overlooking Rio de Janeiro was struck again last week during a violent storm, damaging its right thumb.
A commuter train in Rio de Janeiro left the tracks and hit a pole supporting power lines early Wednesday, causing no injuries but sowing widespread chaos across the overburdened public transportation system of Brazil's Olympic city which next June/July will host several World Cup matches.
Forty two days after her last public speech, Argentine president Cristina Fernandez was back on stage on Wednesday evening on national television to criticize the media, question the opposition and announce a new social plan to aid young unemployed and encourage them to study.
Uruguayan foreign minister Luis Almagro said it should not come as a surprise if the negotiations for a trade agreement between Mercosur and the European Union does not include all four original full members and leaves one out, although the objective is for all members to be part of the accord.
Uruguayan president Jose Mujica said that Mercosur is seriously impaired but it also has its strong points, and the fact Paraguay resumes full membership is very positive. Mujica was interviewed by a government financed newspaper, La República and again referred to the postponed Mercosur summit and the deteriorated relations with Argentina.