Stories for December 2012

Tuesday, December 4th 2012 - 05:49 UTC
Spending galore: Argentine central bank financing Treasury outlay shortcomings

The Argentine central bank has been financing the Treasury with so called ‘transitory advances’ to the tune of 101 billion Pesos (approx 20bn dollars), a sum which is expected to increase given the additional outlays of the end of the year particularly with the Christmas bonus.
Tuesday, December 4th 2012 - 05:44 UTC
Paraguay economy poised to expand 11.3% in 2013 propped by agriculture

The Paraguayan economy is poised to expand 11.3% next year propped by the strong recovery from agriculture according to Pricewaterhouse Coopers, an estimate far more optimist than the 9.5% of the government budget.
Tuesday, December 4th 2012 - 05:41 UTC
Brazil pays tribute to sexiest female bottom and crowns Miss Bumbum 2012

Carine Felizardo, a curvy exuberant model from the northern state of Para was crowned Miss Bumbum 2012, a title rewarding Brazil’s sexiest female derriere. A jury of six women and five men picked the 25-year-old Felizardo among 15 finalists in the second annual edition of the contest, held in a Sao Paulo hotel.
Tuesday, December 4th 2012 - 03:12 UTC
Bolivia confirms willingness to become Mercosur full member at Friday’s summit

Bolivia will announce to its peers at the Mercosur summit in Brasilia, later this week that it is willing to adhere to the trade block as a full member, reported Amanda Dávila, Communications minister.
Tuesday, December 4th 2012 - 03:07 UTC
Brazil says Venezuela leader Chavez will attend the Mercosur summit Friday

Venezuela's President Hugo Chávez will travel to Brazil for the Mercosur summit next Friday despite cancer-related medical treatment in Cuba, Brazil's ambassador revealed on Monday.
Tuesday, December 4th 2012 - 02:57 UTC
Collector’s coin to mark the 100th anniversary of the Falklands ‘Governor’s Cup’

The Falkland Islands Government have released a collector’s coin which marks the 100th meeting of the Stanley Sports Association, the annual Horse racing event of the season that has taken place since 1908 on Boxing Day, the day after Christmas.
Monday, December 3rd 2012 - 23:08 UTC
Argentina rejects complaint, accuses UK of illegal appropriation of Malvinas resources

Argentina energetically rejected the UK complaint about alleged intimidation of vessels linked to Falklands/Malvinas activities as well as the awarding of squid licences in waters close to the South Atlantic archipelago.
Monday, December 3rd 2012 - 22:23 UTC
Peru makes its case before the International Court; Chile: no surprises

Peru asked the International Court of Justice Monday to set a maritime border with Chile in a case that could greatly expand the amount of rich seas under Peruvian control off the two Pacific neighbours’ coasts.
Monday, December 3rd 2012 - 21:17 UTC
Argentine ambassador summoned over ‘intimidation’ to cruise lines calling in Falklands

Britain summoned Argentina's ambassador to London on Monday after masked men ransacked the offices of a shipping company in Buenos Aires, a move the Foreign Office alleged was aimed at deterring ships from visiting the disputed Falkland Islands.
Monday, December 3rd 2012 - 20:49 UTC
Uruguay budget deficit trebles in twelve months and soars to 3% of GDP

Uruguay’s budget deficit soared to 3% of GDP in the twelve months to the end of October, the highest since November 2003, (3.1%) when the country was recovering from the financial crisis which spilt over from Argentina. The deficit also exposes Uruguay’s precarious power generating situation.