Stories for November 23rd 2012

Friday, November 23rd 2012 - 23:41 UTC
‘Business climate’ up in Latam; lack of competitiveness and skilled labour remain challenges

Brazil, Bolivia and Chile had the best ‘business climate’ in Latin America during October according to the Economic Climate Index, ICE from the Brazilian think-tank Getulio Vargas Foundation, FGV.
Friday, November 23rd 2012 - 23:20 UTC
Mujica calls for prudence with salaries: “look at what is happening on the other side (Argentina)”

Uruguayan president Jose Mujica appealed to workers and entrepreneurs to avoid an escalation of salaries and prices which leads “to all sort of fiddling” as is happening in Argentina.
Friday, November 23rd 2012 - 21:15 UTC
Brazil steering its currency to competitive ground for manufacturing

Brazil's exchange rate is at a reasonable level though not totally satisfactory said Finance Minister Guido Mantega on Friday, in an indication that the government is prepared to further weaken the Real to boost a still weak economy.
Friday, November 23rd 2012 - 20:15 UTC
Brazil has its first ever black head of the Supreme Court

Brazil judge Joaquim Barbosa took the oath of office as Brazil's first ever Afro descendant head of the Federal Supreme Tribunal (Supreme Court) on Thursday, in a historic ceremony attended by President Dilma Rousseff and other top leaders.
Friday, November 23rd 2012 - 20:06 UTC
CPR confirms potential of Desire Petroleum discoveries in the Falklands

Falklands’ oil explorer Desire Petroleum announced on Friday that the findings of a Competent Person’s Report, CPR, have confirmed the potential of its discoveries offshore the Islands in the North Falkland Basin.
Friday, November 23rd 2012 - 13:10 UTC
Argentina wheat forecast down because of flooding in key parts of farm belt

Argentina's government cut this season's wheat output forecast, citing three months of heavy rains that started in August and flooded key parts of the Pampas farm belt, the Agriculture Ministry said on Thursday.
Friday, November 23rd 2012 - 13:06 UTC
Bolivia accepts invitation to become a full member of Mercosur

Bolivia accepted the official invitation to become full member of Mercosur and hopes to sign the first accords during the coming summit of the block in early December in Brasilia, said President Evo Morales.
Friday, November 23rd 2012 - 09:54 UTC
Australian scientists ‘discover’ the island that never was in the mid-Pacific

A South Pacific island identified on Google Earth and world maps does not exist, according to Australian scientists who went searching for the mystery landmass during a geological expedition.
Friday, November 23rd 2012 - 09:27 UTC
Unasur delegate in non-official fact finding mission in Paraguay

The head of the Unasur High Level Group for Paraguay, former Peruvian Prime Minister Salomon Lerner is currently in the country where he arrived as a simple tourist with plans to meet local political leaders, members of the country’s Electoral Tribunal and get a feeling of the atmosphere in the run to presidential elections next April 2013.
Friday, November 23rd 2012 - 05:24 UTC
Argentina to request on Monday a review of US Judge Griesa latest ruling

Argentine Economy Minister Hernán Lorenzino assured during a press conference on Thursday that “paying off the vulture funds is illegal,” and said that the ruling by US District Judge Thomas Griesa against Argentina is “unfair”.