MercoPress. South Atlantic News Agency
Stories for May 8th 2013
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Wednesday, May 8th 2013 - 09:23 UTC
Argentines keep travelling overseas despite the ‘dollar clamp’ and the ‘Coca Cola formula’
Despite the ‘dollar clamp’ and other obstacles to purchase the US currency in Argentina, the number of Argentines travelling abroad increased by 8% last March in comparison to the same period the year before although they spent 6.2% less than in 2012, it was reported by the National Statistics Bureau (INDEC).
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Wednesday, May 8th 2013 - 09:19 UTC
Uruguay’s inflation in April eased for third month running, but remains above target
Inflation in Uruguay during April slowed down for third month running, according to the latest release from the country’s Statistics Office, INE. Consumer prices in the fourth month of the year climbed 0.45% with inflation in the last twelve months reaching 8.14%, compare to 8.54% in March.
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Wednesday, May 8th 2013 - 09:15 UTC
Chilean court finds naval officers guilty of abduction of Anglo-Chilean priest
Chilean court has found two ex-navy officers guilty of the abduction of Anglo-Chilean priest Michael Woodward. The left-wing priest disappeared shortly after the coup that brought Gen Augusto Pinochet to power in 1973 and his body has never been found.
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Wednesday, May 8th 2013 - 09:08 UTC
“Possible submerged continent” found in the Atlantic off the coast of Brazil
A large mass of granite has been found on the seabed off the coast of Rio de Janeiro, suggesting that a continent may have existed in the Atlantic Ocean, a Japanese agency and the Brazilian government announced this week.
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Wednesday, May 8th 2013 - 09:02 UTC
Fiat plans to invest 7bn dollars in next three years to remain main automaker in Brazil
Italy’s carmaker Fiat is upping its stake in Brazil, pouring about 7 billion dollars into local investments by 2016, according to a plan its CEO Sergio Marchionne handed President Dilma Rousseff on Monday.
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Wednesday, May 8th 2013 - 08:57 UTC
Petrobras finds ‘good quality’ oil in the sub-salt area of the Santos Basin
Brazil's state-run oil company Petrobras found “good quality” oil in a sub-salt area of the offshore Santos Basin, one of the world's most promising oil frontiers, according to a securities filing by Petrobras on Tuesday.
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Wednesday, May 8th 2013 - 02:44 UTC
Dollar in Argentina breaks 10 Pesos barrier, despite Cristina Fernandez and her “I want to leave” minister
The ‘blue’ or parallel dollar in Argentina beat a new record on Tuesday by breaking the 10 Pesos milestone and ending trading at 10.08 Pesos. The official rate meantime remained relatively stable and closed at 5.16 and 5.21 Pesos (buying and selling price).
