The ARSAT-1 is Argentina first domestically designed and developed geostationary communications satellite, and its construction and successful launching, on Thursday, was defined by the government as historic.
The Inter-American Development Bank (IDB) has approved a loan of up to 42.2 million dollars to help the private sector in Uruguay finance the development, construction, operation and maintenance of a 48.6 MW wind farm and its associated facilities.
A two day symposium entitled “Self-determination, devolution and independence in the 21st century” was opened on Thursday by Gibraltar's Deputy Chief Minister Dr Joseph Garcia at the Garrison Library in the Rock.
Venezuela celebrated on Thursday as a great diplomatic success and a victory of Hugo Chavez, having been voted by the UN General Assembly to join the Security Council for two years as a non permanent member.
In three rounds of voting on Thursday the United Nations General Assembly elected Angola, Malaysia, New Zealand, Spain and Venezuela to serve as non-permanent members on the Security Council for two-year terms beginning on 1 January 2015.
Brazilian president Dilma Rousseff and her challenger Senator Aecio Neves for the 26 October runoff, are technically tied according to the latest public opinion poll released by Datafolha, which so far has shown to be one of the most reliable pollsters.
Argentina's inflation during September reached 1.4% and accumulates 19.8% in the nine months according to the latest release from the government stats office Indec. However earlier in the week the Freedom of Expression committee from the Lower House which regularly announces the average of private analysts, (identified as the congressional index), said the consumer price index for the ninth month of the year was 2.48% and 41.6% in the last twelve months.
Venezuela will almost certainly default on its foreign debt, according to Harvard economists Carmen Reinhart and Kenneth Rogoff. They add that the beleaguered Latin American economy has already defaulted on every conceivable kind of domestic debt.
Brazilian President Dilma Rousseff and rival presidential candidate Aecio Neves have clashed over corruption and the state of the economy in the first of a series of televised debates ahead of the second round of presidential elections. 26 October.
Brazil will maintain plans to raise domestic fuel prices this year, despite a sharp drop in international crude oil prices, to help debt-laden state-run oil company Petrobras, a government source said this week.