Stories for November 2012

Tuesday, November 6th 2012 - 20:04 UTC
Argentina reiterates it will use all legal means to defend position against US court ruling

Argentina will use all legal means to defend its position against a US court ruling that would force the country to repay creditors who sued to collect on defaulted Argentine bonds, Economy Minister Hernan Lorenzino reiterated in Mexico.
Tuesday, November 6th 2012 - 18:22 UTC
Uruguay confirms in Argentina incentives for arriving tourists this summer season

The Uruguayan government confirmed on Monday a raft of measures to attract Argentine tourists and compensate the restrictions in Argentina to purchase foreign currency (dollar-clamp) and the 15% retention fund for credit or debit cards operations outside the country.
Tuesday, November 6th 2012 - 07:04 UTC
Mercosur ‘denying Paraguay its legitimate right to the pro-tempore chair”

Mercosur is denying Paraguay its legitimate right to the pro-tempore chair of Mercosur next 7 December at the presidential summit in Brasilia when Uruguay will receive the relay from Brazil. On that same occasion Venezuela will be attending the meeting as full member for the first time, reports the Asuncion media.
Tuesday, November 6th 2012 - 06:59 UTC
Mujica after in-depth discussion on ‘a real integration of Mercosur” with Chavez

Uruguayan president Jose Mujica has plans to meet two, probably three times before the end of the year with his peer from Venezuela, Hugo Chavez to address “a real integration” of Mercosur, not limited to trade, but at the same time admitting that Venezuela is rapidly becoming one of the main markets for Uruguayan exports.
Tuesday, November 6th 2012 - 06:56 UTC
G20 adopts soft approach on deficits fearing risks of worsening the slowdown

The world's leading economies gave themselves a bit more space on Monday to meet targets for cutting budget deficits rather than risk worsening a slowdown in many countries, chief among them the United States.
Tuesday, November 6th 2012 - 06:43 UTC
Chilean presidential campaign virtually takes off with reshuffle of cabinet

Chilean President Sebastian Piñera shuffled his cabinet to allow ministers with presidential aspirations to leave, as his embattled conservative coalition seeks support before presidential elections in November 2013.
Tuesday, November 6th 2012 - 06:38 UTC
Venezuelan leader establishes similarities between the governments of Argentina and Venezuela

Henrique Capriles, the runner-up in Venezuela’s recent presidential elections, commented on comparisons between Argentina’s and Venezuela’s governments in an article published on Sunday in an Argentine provincial newspaper.
Tuesday, November 6th 2012 - 06:33 UTC
Argentina to appeal Ghana court decision to move ‘Libertad’ from commercial port

A Ghanaian court authorized on Monday to have Argentina’s ARA Libertad navy training frigate, impounded over a lawsuit filed by a US based fund, removed from Tema’s commercial port to another local pier in order to liberate space that’s crucial for the in and out of cargo liners.
Tuesday, November 6th 2012 - 06:28 UTC
Latam labour market ‘fairly resilient’ to the slowdown of the regional economy in 2012

According to the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO), labour markets in Latin America and the Caribbean were fairly resilient to the slowdown in the regional economy in the first half of 2012, which bodes well for a positive outcome in this year's employment and unemployment indicators.
Tuesday, November 6th 2012 - 06:25 UTC
Spain breaks another unemployment record in October; 52% for the under 25

The number of job seekers in Spain soared to the highest level in at least 16 years in October, the Labour Ministry reported on Monday. As recession deepens the number of officially unemployed jumped by 128,242 people in October which means about 4.83m people were jobless at the end of last month, an increase of 2.7% on September.