MercoPress. South Atlantic News Agency
Stories for August 2nd 2011
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Tuesday, August 2nd 2011 - 07:23 UTC
Following weeks of strikes, Chile government open to discuss education reform
After two months of school takeovers and strikes, marches and more, there may be some light at the end of the Chilean student protests. Chilean President Sebastián Piñera announced on Sunday his willingness and commitment to exploring constitutional change for national education reform—something long demanded by the students.
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Tuesday, August 2nd 2011 - 07:14 UTC
Salaries in Argentina averaged a 27.6% increase in the last twelve months
Salaries in Argentina averaged an increase of 27.6% in the last twelve months to June, boosted mainly by agreements in the private sector, reported Monday the country’s National Statistics Institute, Indec.
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Tuesday, August 2nd 2011 - 07:10 UTC
Timerman ‘appalled’ by ‘heinous’ killing of French tourists in north Argentina
Argentine Foreign Minister Héctor Timerman sent a letter to his French counterpart, Alain Juppé, in which he expressed being “appalled” over the killing of two French tourists in the Salta province.
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Tuesday, August 2nd 2011 - 07:07 UTC
Brazil’s trade surplus more than doubles in July over a year ago
Brazil’s trade surplus more than doubled in July from a year ago fuelled by higher commodity prices in spite of the over-valued Super Real that is having an impact on manufactured goods exports and promotes the import of ‘cheap’ products.
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Tuesday, August 2nd 2011 - 07:03 UTC
Brazil forecasted to become world’s third largest automobile manufacturer
Brazil’s car production capacity is expected to jump from the current 3.6 million units per year to 6.2 million by 2025 supported by massive investments from the industry estimated in 19 billion dollars by 2017, according to estimated from the Vanzolini Foundation in Sao Paulo.
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Tuesday, August 2nd 2011 - 06:53 UTC
Brazil’s currency the most overvalued: anywhere from 52% to 149% vis-à-vis the US dollar
The Brazilian Real is the world's most expensive currency and is 149% overvalued against the dollar and the Colombian peso, the next most expensive currency is 108% above the US currency, according to British magazine The Economist, which has created a new version of the Big Mac index.
