Stories for 2012

Monday, July 9th 2012 - 06:05 UTC
Influential Brazilian banker says further weakening of the Real “would be better”

Luciano Coutinho president of Brazil’s state development bank BNDES, said the country has benefited from the recent weakening of its currency and a further drop would be better, according to newspaper Folha de Sao Paulo.
Monday, July 9th 2012 - 05:59 UTC
Chavez announces trip to Brazil for Venezuela’s formal admission to Mercosur

President Hugo Chavez said he will be attending at the end of July the coming Mercosur meeting in Brasil when Venezuela will officially become the group’s fifth full member, a decision that has proved controversial and exposed differences inside the Common Market of the South.
Monday, July 9th 2012 - 05:51 UTC
Brazilian Air Force delays for another six months bidding for huge contract

Brazilian Air Force has asked bidders to renew their offers on a contract to provide 36 next-generation fighter jets, extending for six months a race between US, French and Swedish contestants.
Monday, July 9th 2012 - 05:35 UTC
Reports of a serious outbreak of cholera in Cuba; Havana says it is under control

According to the BBC a patient has been diagnosed with cholera in the Cuban capital, Havana, days after three people died in a rare outbreak in the south-eastern town of Manzanillo.
Monday, July 9th 2012 - 05:28 UTC
RAF renewing air transport fleet: in 2014 begins incorporation of A400M Atlas

The Royal Air Force next generation military transport aircraft has been officially named as Atlas. The aircraft, which has until now been known as the A400M, will replace the RAF’s existing C130 Hercules fleet and along with the Voyager and C-17 will provide the UK military’s future air transport force.
Monday, July 9th 2012 - 05:23 UTC
The illustrious VC-10, crucial for the Falklands retires from service in early 2013

The illustrious VC-10, flown by 101 Squadron based at RAF Brize Norton, made its final air show appearance at the Royal International Air Tattoo (RIAT) before it retires from Service early in 2013.
Sunday, July 8th 2012 - 21:11 UTC
Chile and Brazil lead the Global Innovation index in the region

An international study released this week ranked Chile first among Latin American countries on the Global Innovation Index (GII), though Chile received mediocre scores in the area of education.
Saturday, July 7th 2012 - 05:27 UTC
Brazil June inflation lowest in two years helped with temporary tax breaks

Brazil’s inflation slowed to its lowest in almost two years on temporary tax breaks for autos, paving the way for more interest rate cuts as the government tries to revive economic growth.
Saturday, July 7th 2012 - 05:18 UTC
Chile sets out its defence strategy targets emphasizing global cooperation

The Chilean government released its new 2012-2024 National Defence and Security Strategy (ENSYD) this week which promises to address “new threats” to Chilean security in an international context.
Saturday, July 7th 2012 - 05:15 UTC
Argentina ends double taxing treaty with Chile which was running since 1976

Chilean Foreign Minister Alfredo Moreno regretted Argentina’s decision to end a double taxing agreement which was running since 1976 and exempts Chileans and Argentines making business in the neighbouring country from paying taxes as long as they are already contributors at home.