Stories for July 21st 2011

Thursday, July 21st 2011 - 23:57 UTC
Peruvian president-elect names orthodox pro-business in key cabinet posts

Peruvian President-elect Ollanta Humala picked more moderates for his Cabinet on Thursday as he tries to reassure investors he will govern as a centrist in one of the world's fastest-growing economies.
Thursday, July 21st 2011 - 23:53 UTC
Chavez proclaims Venezuela was “robbed of victory goal” against Paraguay

President Hugo Chavez proclaimed Venezuela had been “robbed” of their victory goal after his team was beaten on penalties by Paraguay in the Copa America semi-finals.
Thursday, July 21st 2011 - 23:45 UTC
Latam regional integration is “too slow” given the challenges says UN expert

The current regional integration of Latin America is too slow in light of the challenges the region faces, a United Nations economic agency official said on Wednesday, calling for greater efforts to rev up the process.
Thursday, July 21st 2011 - 23:30 UTC
Falklands present at the centennial of the Commonwealth’s Parliamentary Conference

Legislative Assembly Member Dick Sawle will represent the Falkland Islands at the 57th Commonwealth Parliamentary Conference next week in London which on this occasion will have a very special significance: the founding centennial of the Commonwealth’s oldest organization.
Thursday, July 21st 2011 - 10:16 UTC
Uruguay economy expands 6.8% in the first quarter and domestic demand, 8.3%

Following on an 8.5% growth rate in 2010, Uruguay’s real GDP continued to expand 6.8% in the first quarter of this year compared with the same period of 2010, according to the Central bank Debt Management Unit.
Thursday, July 21st 2011 - 10:09 UTC
Brazil raises the basic rate to 12.50%, but confident it can tame inflation

Brazil’s central bank announced late Wednesday the fifth straight increase in its benchmark Selic rate by a quarter points to 12.5%, a decision much anticipated by the market and geared to combat high inflation, which is running at a six-year high, 6.75% above the government’s upper target of 6.5%.
Thursday, July 21st 2011 - 10:04 UTC
Parts of Chilean Patagonia covered by nine feet of snow; 6.500 feared isolated

President Sebastián Piñera declared much of La Araucania in Chilean Patagonia, disaster areas on Wednesday, as four days of non-stop snowfall have isolated the region’s predominantly rural communities and wreaked havoc on basic utilities.
Thursday, July 21st 2011 - 09:58 UTC
Paraguay, after a dramatic finale (scuffle included) makes it to Copa America final

Paraguay beat Venezuela 5-3 on penalties to reach the Copa America final after regulation and extra-time produced a goalless draw. The Wednesday night match played in the Malvinas Argentina stadium of the city of Mendoza ended with a general brawl among some players and assistants.
Thursday, July 21st 2011 - 09:47 UTC
Brazilian cruise industry expects sharp slowdown because of limited port capacity

After growing 20% annually over the past ten years and reaching a level of 800,000 tourists annually, the pace of cruise expansion in Brazil is expected to encounter a sharp slowdown in the 2011-2012 season.
Thursday, July 21st 2011 - 09:43 UTC
HMS Edinburgh arrives in the Falklands after visiting Cape Town

The Portsmouth-based destroyer HMS Edinburgh faced some mountainous seas on the 4,000-mile passage from Cape Town to Mare Harbour in the Falkland Islands, her base for the next five or so months as she patrols Britain’s South Atlantic territories.