Uruguay expects a record cruise season beginning November with over 230 calls split between Montevideo and Punta del Este, 80 miles to the east on the Atlantic coast line, according to Deputy Tourism minister Lilian Kechichián.
The World Bank has offered a 3 billion dollars line of credit to Peru, backing President Ollanta Humala's plans for anti-poverty initiatives and sustained economic growth, a regional vice president said this week.
Uruguay’s oil and gas refining corporation, Ancap, reported it has sold seismic data on the country’s continental shelf hydrocarbons potential for the value of 20 million dollars which more than covers the costs involved in the several surveying operations.
The Argentine Central Bank (BCRA) issued a special decree so that all export revenues generated by both mining and energy sectors remain in Argentina to be negotiated at the local foreign exchange market.
Germany's Bundestag lower house of parliament approved on Wednesday a motion to strengthen the Euro zone rescue fund via leveraging, providing Chancellor Angela Merkel with the mandate she needs to negotiate at a key Euro summit in Brussels.
Economic pressures are tempting G20 governments to resort to protectionism in a misguided bid to shield their domestic markets from problems that are unrelated to trade, the World Trade Organization said in a biannual report Wednesday.
The launch this month by the Falkland Islands Development Corporation (FIDC) of the Import Substitution Programme under the slogan, “Use Spades, Not Ships” bears striking parallels to the Grow More Food campaign established in war-time Britain during the Second World War. A campaign known better by its slogan – “Dig for Victory”.
Latin America is in a good financial situation, but the problems currently being suffered by the US and Europe poses a threat, according to the region’s banks federation, FELEBAN.
Fitch Ratings said it had decided to maintain Brazil's BBB investment grade credit rating and predicted the outlook for the Latin America’s largest economy would remain stable.
Royal Navy frigate HMS Montrose has set sail for a six-and-a-half month deployment to the Falkland Islands and other South Atlantic Islands to maintain a continuous presence protecting British interests.