Despite sharp declines in the volume of exported fruits during the 2009-2010 season Chile’s fruit industry managed to offset those losses because of higher prices paid in foreign markets.
Venezuelan president Hugo Chavez office has confirmed he will be participating of the coming Mercosur presidential summit scheduled for next August 3 in San Juan, north of Argentina when the rotating chair of the block will be passing from Buenos Aires to Brasilia.
Brazil is holding military exercises along its Atlantic coast with the deployment of 10.000 troops from the three services to ensure the country can protect its nuclear plants and massive offshore oil industry.
Venezuela’ Foreign Affairs minister Nicolás Maduro revealed to Paraguayan officials that his country would be proposing in the coming Unasur meeting a “political negotiation” to end decades of political violence in Colombia.
Uruguayan president Jose Mujica will be meeting with his peer Cristina Kirchner Wednesday in Buenos Aires in what seems an attempt to unbind differences relative to the joint monitoring of the river Uruguay, particularly the Finnish pulp mill UPM/Botnia which is at the heart of the ongoing dispute between the neighbouring countries.
LAN Airlines, Chile’s flag carrier second-quarter net profit jumped to 60.6 million US dollars in line with market expectations, from 4.2 million USD a year earlier, the flagship carrier reported Tuesday.
Outgoing Colombian president Alvaro Uribe criticized Tuesday the possibilities of a peace proposal with the Colombian guerrilla groups FARC and ELN and emphasized that Colombia will not fall into the trap of “internationalizing dialogue”.
Citing the “increased resilience to external shocks” Fitch upgraded Uruguay to BB from BB-, two levels below investment-grade and in line with Standard & Poor's. Moody's Investors Service rates Uruguay at Ba3, three levels below investment grade. Fitch last increased the country's rating in July 2007, taking it up one level from B+.
Argos Resources with exploration licences in the North Falkland Basin expects its shares to be admitted to trading on AIM on Thursday 29 July. Argos Resources has raised £22 million (£20.6 million net of costs) in a placing of new ordinary shares at 31 pence per share which will give the company a market capitalisation of £67 million.
Argentina's trade surplus narrowed by 19% in June from the same month a year ago, falling short of market expectations as brisk economic growth fuelled demand for imports, according to official data released last week.