Stories for 2012

Friday, September 21st 2012 - 06:23 UTC
Brazilian middle class expected to move a trillion dollars this year

Brazil's middle class which now numbers 104 million equivalent to 53% of total population (38% ten years ago), is likely to move 1 trillion Reais this year (approx a trillion dollars), government estimates show.
Friday, September 21st 2012 - 06:20 UTC
Argentina issues 2 Pesos coin to commemorate 30th anniversary of the Malvinas landing

The Argentine Central bank has issued a new 100 Pesos bill to honour the figure of Eva Duarte de Perón, and a 2 Pesos coin commemorating the thirtieth anniversary of the landing of Argentine troops in the Malvinas Islands.
Friday, September 21st 2012 - 06:13 UTC
Argentine industrial production and outlook stable in August

Argentina’s industrial output fell 0.8% last August when compared to the same month last year, according to the country’s stats office Indec. However it improved 0.7% when compared to July but dropped 1.2%, points out Indec Monthly Industrial Estimate
Friday, September 21st 2012 - 06:06 UTC
Brazil approves bill which allows the opening of tax-free shops along border towns

The Brazilian congress approved this week a bill which enables the opening of free shops or tax free shops, along border towns currently suffering from the massive inflow of imported goods purchased at international prices in such stores in Uruguay, Argentina and Paraguay.
Thursday, September 20th 2012 - 23:38 UTC
Peruvian villager killed and four injured in clashes over water with Barrick Gold

Barrick Gold is resuming operations Friday at its Pierina mine in Peru after violent clashes this week between police and nearby villagers left one person dead and four injured.
Thursday, September 20th 2012 - 23:34 UTC
Merkel honours her mentor and Euro architect, Kohl to help discipline the party

Angela Merkel is seeking help from her estranged, former mentor Helmut Kohl, architect of the Euro, to restore voter faith in the European project before next year's election.
Thursday, September 20th 2012 - 23:30 UTC
Cuba prepares for the annual UN General Assembly round clash with the US

Both the United States and Cuba would benefit if Washington would lift its longstanding trade embargo against the island, but US President Barack Obama has toughened the sanctions since taking office in 2009, a top Cuban official said.
Thursday, September 20th 2012 - 22:59 UTC
Finance minister tells Congress world crisis will not affect Argentina

Finance minister Hernan Lorenzino said on Thursday that the international crisis will not affect Argentina and attributed this to the policy of drastically cutting the country’s sovereign debt which now stands at only 40% of GDP.
Thursday, September 20th 2012 - 22:15 UTC
Venezuelan electoral process, “one of the most advanced and reliable”

The mission from Unasur (Union of South American Nations) that will be acting as ‘accompanying observer’ in the coming presidential elections in Venezuela, 7 October, and the only organization allowed to fulfil that task, said that the Venezuelan electoral process is one of the “most trustworthy and reliable”.
Thursday, September 20th 2012 - 22:11 UTC
Uruguay’s economy suffers slight deceleration in 2Q but on track to the 4% target

The Uruguayan economy experienced a slight deceleration in the second quarter of this year, but with an overall positive evolution. GDP increased 0.8% over the previous quarter and 3.8% over the same quarter a year ago, according to the latest release from the Central bank.