Stories for 2012

Friday, October 26th 2012 - 07:06 UTC
Falklands to build a new deep-water port to cater for the oil and gas industry

The Falkland Islands will have a new deep-water port facility capable of meeting the demands of all incumbent industries it was announced following this week's meeting of Executive Council (ExCo).
Friday, October 26th 2012 - 06:53 UTC
Mercosur and Unasur ‘need’ Paraguay; ‘other interests’ created current situation

The Organization of American States, OAS special envoy said on Thursday that Mercosur and Unasur ‘need’ Paraguay and the suspension of the country from the two organizations can be tracked to other interests unrelated to those events.
Friday, October 26th 2012 - 06:48 UTC
First voluntary vote at municipal elections in Chile; fears of a low turnout

The Chilean municipal elections scheduled for Sunday 28 October are considered ‘important’ by 55% of interviews according to the primary result of a joint public opinion poll done by Mori and the Chilean Association of municipalities.
Friday, October 26th 2012 - 06:40 UTC
Argentina admits Libertad is the 29th asset impound case by ‘vulture’ funds

Argentina finally admitted that the retaining of the training frigate ARA Libertad in Ghana is not an isolated case since the so called ‘vulture’ funds have managed to impound a total of 28 assets including the presidential aircraft Tango 01, bank accounts, property and even a satellite.
Friday, October 26th 2012 - 06:38 UTC
Moody’s lowers Argentina’s foreign currency bonds’ ceiling to b3 from b2

Moody's lowered on Thursday Argentina's foreign-currency bond ceiling to b3 from b2 in line with bonds in local currency on growing concerns of market access for the private sector and local governments.
Friday, October 26th 2012 - 00:57 UTC
Brazil renews tax cuts for local carmakers until 2013 to help industry and jobs

Brazil will renew tax cuts for local carmakers through the end of the year, President Dilma Rousseff announced this week, extending a key economic stimulus measure to help recovery in Latin America's largest economy.
Friday, October 26th 2012 - 00:14 UTC
Brazil central bank says ‘recovery in underway’ and inflation in ‘under control’

Brazil Central Bank President Alexandre Tombini Tuesday said “there are consistent signs that the recovery of economic growth is underway” and insisted despite some market skepticism, that inflation is “under control.”
Friday, October 26th 2012 - 00:10 UTC
Lula da Silva’s magic ensures Sao Paulo City in Sunday’s municipal run-off

The electoral magic of former Brazilian president Lula da Silva did it again: the country’s major financial and industrial hub, the city of Sao Paulo only a few weeks ago was turning its back on the ruling Workers party at the municipal elections, but is now to his feet probably with a landslide victory.
Thursday, October 25th 2012 - 23:51 UTC
GM to invest 450m in Argentina to manufacture a global Chevy vehicle

General Motors (GM) will invest 450m dollars to manufacture a new global Chevy vehicle at its Rosario Automotive Complex in Argentina. The investment will be made between 2013 and 2015 at the Rosario facility, which produced more than 136,000 vehicles in 2011.
Thursday, October 25th 2012 - 23:48 UTC
Antarctic ozone hole in 2012, the second smallest in the last 20 years, says NASA

The average area covered by the Antarctic ozone hole this year was the second smallest in the last 20 years, according to data from NASA and National Oceanic and Atmospheric Administration (NOAA) satellites. Scientists attribute the change to warmer temperatures in the Antarctic lower stratosphere.