Stories for 2012

Thursday, January 19th 2012 - 06:03 UTC
“To all effects” Venezuela is fully integrated to Mercosur, says Uruguay

“In practical terms Venezuela if fully integrated to Mercosur” said Uruguayan Foreign Affairs minister Luis Almagro during a meeting this week with foreign correspondents.
Thursday, January 19th 2012 - 06:00 UTC
Trade balance with Argentina is ‘definitively positive’ says Uruguayan minister

Uruguayan Foreign Minister Luis Almagro said that the trade balance between Uruguay and Argentina is “definitely positive” although admitting some manufacturing sectors face difficulties because of the current Argentine obstructions to imports.
Thursday, January 19th 2012 - 05:57 UTC
Brazil cuts basic rate to 10.5% and signals further reductions in the future

Brazil’s central bank indicated on Wednesday it will keep cutting interest rates at the current pace after it reduced borrowing costs by a half-point to 10.5%, for a fourth straight meeting.
Thursday, January 19th 2012 - 05:55 UTC
FIFA tells Brazil beer must be sold at the 2014 World Cup matches

Beer must be sold at all venues hosting matches in the 2014 World Cup in Brazil, football's world governing body, Fifa, has insisted. Fifa General Secretary, Jerome Valcke, said the right to sell beer must be enshrined in a World Cup law the Brazilian Congress is considering.
Thursday, January 19th 2012 - 04:00 UTC
“Get ready” a big storm is on its way, warns the latest World Bank forecast

The World Bank warned developing countries today to prepare for the “real” risk that an escalation in the Euro area debt crisis could tip the world into a slump on a par with the global downturn in 2008/09.
Thursday, January 19th 2012 - 03:57 UTC
Brazilian government considers Argentina “a permanent problem” in economic issues

Industry and Foreign Trade minister Fernando Pimentel expressed on Wednesday the Brazilian government’s deep disappointment with the latest Argentine legislation to be implemented on trade saying that Argentina is “a permanent problem”.
Thursday, January 19th 2012 - 03:52 UTC
Argentine government calls on unions and businesses to act with “responsibility”

Argentine acting President, Vice-President Amado Boudou called on businessmen and union workers to act with “responsibility” in direct reference to the upcoming round of wage negotiations that will be held later this year and unions have anticipated will have to be referred to workers “pocket” inflation.
Wednesday, January 18th 2012 - 23:38 UTC
IMF anticipating major storms wants to boost war chest by 600 billion dollars

The International Monetary Fund is seeking to boost its war chest by 600 billion dollars to help countries reeling from the Euro zone debt crisis, but some nations insist Europe must first do more to support its ailing members, international financial sources said on Wednesday.
Wednesday, January 18th 2012 - 23:35 UTC
Timerman and Randazzo lash back at Cameron over Falklands’ dispute

Argentine Foreign Minister Héctor Timerman echoed the statements made by UK’s Prime Minister David Cameron in which he accused Argentina of “colonialism,” and counter attacked by saying that “it catches one’s attention to hear such statements when Great Britain and Colonialism are synonymous.”
Wednesday, January 18th 2012 - 21:34 UTC
Busy March for Rousseff: President Obama, Chancellor Merkel and BRICS summit

Brazilian president Dilma Rousseff will be meeting her US peer Barack Obma next March when she is also scheduled to hold talks with Germany’s Chancellor Angela Merkel and attend a BRIC group summit.