Stories for March 2012

Tuesday, March 20th 2012 - 21:51 UTC
Peru denies President Humala coming UK visit; confirms May trip to Argentina

Peruvian Foreign Affairs minister Rafael Roncagliolo denied President Ollanta Humala had accepted an invitation to visit London next month, Lima’s El Comercio reported Tuesday in the front page.
Tuesday, March 20th 2012 - 21:49 UTC
Moody’s: Spain needs to implement more austerity; 4.000 town councils financially ‘non viable’

Rating agency Moody's said on Tuesday that Spain's fiscal outlook remained challenging despite recently softened deficit targets. The announcement comes when the Secretary for Public administration admitted that 4.000 ‘ayuntamientos’ town councils in Spain are not financially viable.
Tuesday, March 20th 2012 - 17:21 UTC
Falkland Oil and Gas in farmout agreement involving license areas and cash

The exploration company Falkland Oil and Gas Ltd. (FOGL) has entered a farmout agreement with an unnamed party for its licenses south and east of the Falkland Islands.
Tuesday, March 20th 2012 - 17:03 UTC
After 30th anniversary of Falklands’ war, “things will calm down”, estimates cruise industry

Key players from the Falkland Islands cruise industry attended the Seatrade Cruise Shipping Convention in Miami last week, when they were also delighted to receive an award from Cruise Insight Magazine for Best Destination Experience.
Tuesday, March 20th 2012 - 14:54 UTC
Falklands’ marathon: Brits’ win in men’s and Argentine ladies unbeatable

Gradients, wind and the threat of bad weather make the Falklands Islands, the world’s most southerly certified marathon also one of the toughest courses runners are ever likely to tackle. This year’s edition attracted the highest number of entries ever for the event, 64 with a significant participation from Argentina.
Tuesday, March 20th 2012 - 05:05 UTC
Mujica promises to “fight to the death” for the future of Mercosur

Uruguayan president Jose Mujica promised on Monday to ‘fight to the death’ for the future of Mercosur in spite of the fact that the group’s junior members Uruguay and Paraguay are suffering the most as Argentina and Brazil implement growing hurdles to trade.
Tuesday, March 20th 2012 - 05:02 UTC
WB backs selective use of capital controls when faced with massive inflows

The World Bank’s new Latin America chief backed selective use of capital controls when inflows were creating asset bubbles or distorting foreign exchange markets. Hasan Tuluy, the Bank’s new vice-president for Latin America and the Caribbean, said while trade protectionism should be avoided, there was space for macro prudential measures.
Tuesday, March 20th 2012 - 04:55 UTC
Brazil is fastest growing travel and tourism economy in Latam; 7.8% in 2012

Brazil is Latin America’s fastest-growing travel and tourism economy and direct contribution to GDP is forecast to grow at 7.8% in 2012.
Tuesday, March 20th 2012 - 04:51 UTC
Peru cancels HMS Montrose visit in support of Argentina’s Falklands claim

In a display of “Latin American support for Argentina’s legitimate rights,” the Peruvian government announced on Monday its decision to render void the protocol visit of a British frigate scheduled to dock in a Peruvian port this week.
Tuesday, March 20th 2012 - 04:46 UTC
Australian Senate approves law to tax 30% iron ore and coal mining companies

The Australian Senate has pushed through into law a 30% tax on iron ore and coal mining companies. The tax will raise A$10.6bn (11.2bn dollars) over three years from major companies including BHP Billiton, Rio Tinto and Xtrata.