United States Secretary of State Hillary Clinton called President Cristina Fernández de Kirchner Thursday afternoon to apologize in relation to the WikiLeaks release of confidential diplomatic documents, including one in which the US Embassy in Buenos Aires is requested to gather information on the personality and mental health of the Argentine leader.
Prime Minister Vladimir Putin thanked FIFA President Sepp Blatter for the trust the association deposited in Russia that was chosen to host in 2018 football’s major event, the World Cup.
Uruguay’s exports jumped 23.3% during the first eleven months of 2010, anticipating a new value record for the year. Exports totalled 6.1 billion US dollars between January-November compared to 4.95 billion in the same period a year earlier and are higher than the twelve month previous record of 6.1 billion in 2008, according to Uruguay’s Exporters’ Union.
Several top Mexican officials admitted the government was in danger of losing control of parts of the country to powerful drug cartels, according to U.S. State Department documents made public by WikiLeaks.
Cuba began this week a public debate over landmark plans to lift the island's struggling economy and “preserve the revolution’s victories” by liberalizing some private enterprise, admitting small farmers private property, streamlining the vast state bureaucracy by leaving redundant a half-million workers.
IMF Managing Director Dominique Strauss-Kahn ruled out any possibility of an impending double-dip recession even as he warned against downward risks posing the countries while they were recuperating, albeit languidly.
IMF expects to double its lending capacity to 450 billion US dollars over the next few months, giving it additional firepower to deal with the sovereign-debt crisis engulfing Europe, according to IMF officials and documents.
Spanish bank BBVA Studies Group increased its 2010 growth forecast for Latinamerica to 5.8% (from 5.2%) mainly because of the strong showing of domestic economies boosted by stimuli packages. The report also praised the performance of all four Mercosur full members (Argentina, Brazil, Uruguay and Paraguay) with their economies expanding over 7.5%.
Brazil’s lower house of Congress approved this week new oil regulations that will increase government control over the energy industry and reduce competition against government managed Petrobras.
Brazil’s Vale Doce, the world’s largest iron-ore producer, is aiming to boost copper output more than fivefold by 2015 as it seeks to diversify sales and catch up with rivals, announced top officials from the company during the inauguration of a project in Chile.