Stories for 2012

Monday, August 6th 2012 - 08:23 UTC
Mercosur economic performance expected to lag behind Andean countries in 2012

Argentina and Brazil will experience an economic slowdown this year compared to 2011, while Paraguay, punished by drought and an outbreak of foot and mouth disease, will have the worst performance in Latin America, and Peru the best, according to the Argentine consultants Ecolatina
Monday, August 6th 2012 - 08:20 UTC
Venezuela will abandon the Inter American justice system because it is “awful and rotten”

Venezuelan president Hugo Chavez reiterated that organisms such as the “awful, rotten and degenerate” Human Rights Inter American Court (CIDH) and the Inter American Court should disappear since they are “not worthy of the new world” ratifying his country will pull out from the two.
Monday, August 6th 2012 - 08:14 UTC
Lugo going to appeal before the Inter American Court his removal from office

Fernando Lugo said he would appeal to the Inter American Court the whole political impeachment process in the Senate that ended with his removal from the Paraguayan presidency in less than 48 hours and with little chance of a defence.
Monday, August 6th 2012 - 08:07 UTC
Ex-president says inclusion of Venezuela in Mercosur is “favourable for Uruguay”

Former president Jorge Batlle (2000/2005) said that the inclusion of Venezuela in Mercosur “is favourable for Uruguay” but at the same time insisted it was “wrongly done” for not having taken into account Paraguay’s opposition currently suspended as member of the regional block.
Monday, August 6th 2012 - 07:56 UTC
Ecuador negotiation to join Mercosur as full member begin next month

Mercosur will officially begin negotiation with Mercosur for its inclusion as full member in September announced the Brazilian news agency, ABR on Sunday. The meeting is scheduled for September 15 when the incorporation preliminaries will be addressed.
Monday, August 6th 2012 - 07:54 UTC
Venezuela will help YPF explore for hydrocarbons in fields next to the Falklands

Venezuela’s government oil corporation, PDVSA, in considering with Argentina’s YPF exploring for oil and gas in the area next to Falkland/Malvinas waters, revealed the president of the corporation and Minister of Petroleum and Mining.
Monday, August 6th 2012 - 07:47 UTC
Argentine industry lobby blast devaluation but demand more competitiveness

Argentine Industrial Union head José Ignacio de Mendiguren says he wholeheartedly agrees with President Cristina Fernández criticism to those who back a devaluation of the Peso, in an interview with Ambito.com.
Monday, August 6th 2012 - 07:40 UTC
Chile’s discredited Piñera revamps tax reform bill ahead of municipal elections

Chile's government re-drafted a sweeping tax reform bill aimed at helping fund an education overhaul, removing criticized benefits for higher earners as it seeks to help its passage through Congress ahead of key local elections.
Monday, August 6th 2012 - 07:34 UTC
Sean Penn joins Venezuela’s Chavez presidential electoral campaign wagon

Actor Sean Penn joined President Hugo Chavez at an election rally in Venezuela on Sunday, bringing a dash of Hollywood to the campaign as he rode with him atop a truck past cheering supporters.
Monday, August 6th 2012 - 07:29 UTC
Petrobras posts loss in second quarter; blames depreciation of the Real

Brazil state-controlled oil company Petrobras reported a net loss of 1.35 billion Reais (some 633 million dollars at the current exchange rate) in the second quarter, attributing the result to the depreciation of the Real relative to the dollar.