Stories for May 28th 2011

Saturday, May 28th 2011 - 08:21 UTC
Latam has “unprecedented opportunity” to double GDP in next 14 years

The nations of Latin America and the Caribbean have an unprecedented opportunity to attain human development standards comparable to the industrialized world by 2025, Inter-American Development Bank President Luis Alberto Moreno said on Friday.
Saturday, May 28th 2011 - 08:12 UTC
IADB credits to Argentina this year will total 1.3 billion USD

The Inter-American Development Bank, IADB, will lend Argentina 1.3 billion US dollars this year, the bulk of which will be used for infrastructure projects, such as expanded roadways and sewage systems as well as a plan to improve neighbourhood conditions, announced president Luis Alberto Moreno.
Saturday, May 28th 2011 - 08:07 UTC
Uruguay has the most expensive cattle in the world, says British abattoir

Uruguay has the most expensive cattle in the world in moments when international beef prices tend to slide which makes it very difficult to have a reasonable operation forcing abattoirs to leave workers redundant.
Saturday, May 28th 2011 - 08:02 UTC
Mercosur tourism ministers address ‘border crossings” and overseas promotion

Mercosur tourism ministers agreed to facilitate border crossings for citizens from country members and to draft a homogeneous system for keeping the industry’s statistics, during their XI meeting held in Asuncion, Paraguay.
Saturday, May 28th 2011 - 07:48 UTC
Weak sterling more significant than VAT for UK inbound tourists, says WTM Vision

Overseas visitors to the UK will not be deterred by high VAT, providing sterling remains weak against key inbound currencies, reveals a report released this week at the World Travel Market (WTM) Vision Conference-London.
Saturday, May 28th 2011 - 07:45 UTC
Moyano cools down, says publicly he’s “tamer than Lassie on a leash”

Argentina’s organized labour leader Hugo Moyano described his relation with the administration of President Cristina Fernandez de Kirchner as “excellent” and blamed the press for all the stories of alleged clashes over political differences with the government.
Saturday, May 28th 2011 - 07:35 UTC
Cooperation agreement to develop sustainable tourism in the Americas

The United Nations World Tourism Organization, UNWTO and the Organization of American States, OAS, have signed a cooperation agreement aimed at developing sustainable tourism policies and enhancing the productivity and competitiveness of the tourism sector in the Americas.
Saturday, May 28th 2011 - 07:32 UTC
IMF-head hopefuls visit next week Brazil as part of their global campaign for support

The two leading candidates for the position of IMF Managing director will be visiting Brazil next week. French Finance Minister Christine Lagarde plans to travel to Brasilia on Monday to seek support for her candidacy, the French embassy said Friday.
Saturday, May 28th 2011 - 07:24 UTC
Even if US tightens liquidity, hot money to emerging economies will continue

Capital flows to emerging markets won’t significantly slow when the US Federal Reserve ends its bond-purchasing program known as quantitative easing, said Olivier Blanchard, chief economist at the IMF.
Saturday, May 28th 2011 - 07:21 UTC
Over 100 injured in Barcelona as police takes protestors with rubber bullets and tear gas

Over 100 people were injured on Friday when police forcibly evicted protesters who have been camped out for two weeks in the main square of Barcelona as part of a nationwide mobilization against youth unemployment, austerity, corruption and the country’s political class