Stories for October 2011

Thursday, October 27th 2011 - 05:40 UTC
Uruguay anticipates 230 cruise calls this season from November to May

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.
Thursday, October 27th 2011 - 05:37 UTC
Praise and dollars from the World Bank to Peruvian president Humala

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.
Wednesday, October 26th 2011 - 16:35 UTC
Good reception for Uruguay’s offshore hydrocarbons seismic data

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.
Wednesday, October 26th 2011 - 15:26 UTC
Argentina floods the market with dollars to control money speculation

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.
Wednesday, October 26th 2011 - 15:22 UTC
Strong support for Merkel ahead of the Euro bail out summit

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.
Wednesday, October 26th 2011 - 15:18 UTC
WTO warns protectionism is gaining ground “as a political reaction” to economic difficulties

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.
Wednesday, October 26th 2011 - 13:58 UTC
Can the Falkland Islands achieve economic diversification borne from adversity?

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”.
Wednesday, October 26th 2011 - 13:49 UTC
Top bankers praise Latam’s performance but beware effects of Euro crisis

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.
Wednesday, October 26th 2011 - 13:42 UTC
Fitch ratifies Brazil’s credit rating and medium term growth prospects

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.
Wednesday, October 26th 2011 - 13:40 UTC
HMS Montrose expected to arrive in the Falklands mid November

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.