Stories for May 2011

Wednesday, May 4th 2011 - 18:32 UTC
Montevideo apartment prices surged 22% over the year, says Global Property Guide

With Uruguay’s economy growing at 8.5% in 2010 and managing to skip the 2009 slowdown with a 2.86% expansion, the housing market in the capital Montevideo is going through an excellent moment according to Global Property Guide based on info from local appraisers.
Wednesday, May 4th 2011 - 17:01 UTC
EU/Mercosur trade negotiations limited by reciprocal claims of protectionism

The European Union/Mercosur trade talks taking place in Paraguay are attempting to advance with a ‘verbal exchange of proposals’ while negotiators continue ahead with technical aspects of a future agreement, according to Argentine sources.
Wednesday, May 4th 2011 - 15:51 UTC
Argentina promises to review ban on Indian imported pharmaceutical products

Argentina has assured India of reviewing a ban on imported pharmaceutical products and announced the purchase of drugs worth 150-200 million US dollars from Indian firms, a statement said Wednesday.
Tuesday, May 3rd 2011 - 23:04 UTC
Falklands oil company spuds new well and has four more lined up

Rockhopper Exploration has spudded the next appraisal well on the Sea Lion oil discovery in the Falkland Islands’ waters. Drilling began on the 14/10-5 appraisal well on May first 2011.
Tuesday, May 3rd 2011 - 22:56 UTC
Argos confirms it is closer to starting an oil drilling campaign in Falklands’ waters

Argos Resources is a step closer to starting a drill campaign in Falkland Islands waters, where it is targeting a high priority area adjacent to Rockhopper’s Sea Lion discovery.
Tuesday, May 3rd 2011 - 22:52 UTC
Portugal reaches agreement with EU and IMF for 116 billion dollars bail-out

Portugal’s caretaker Prime Minister Jose Socrates announced Tuesday that he has reached agreement on a bail-out from the EU and the International Monetary Fund. He said the three-year loan was a “good agreement that defends Portugal”.
Tuesday, May 3rd 2011 - 18:13 UTC
Air France Flight 447 cockpit voice recorder recovered from the Atlantic

The French aviation safety agency BEA announced on Tuesday the discovery and recovery of Air France Flight 447′s cockpit voice recorder from the bottom of the Atlantic Ocean, nearly two years after the Airbus A330-200 disappeared.
Tuesday, May 3rd 2011 - 18:08 UTC
Tax and investment protection agreements needed to boost India/Mercosur trade

India emphasized the need to deepen trade and investment engagements with Latin America by expanding the existing PTA with Mercosur, during a business seminar in Montevideo, Uruguay. But he added that double tax and investment protections agreements are critical to expansion.
Tuesday, May 3rd 2011 - 17:58 UTC
Beware Mr Slim: Brazil’s Batista says he will become the world’s richest person

Brazil’s billionaire Eike Batista said that he expects to become the world's richest person, speaking in an interview at the Milken Institute's annual global conference in California.
Tuesday, May 3rd 2011 - 17:55 UTC
Boeing forecasts Latam air-carriers will require 2.180 airplanes in next 20 years

Boeing forecasts that air carriers in Latin America will require 2,180 new airplanes worth approximately 210 billion US dollars over the next 20 years as air travel in the region out paces the world average.