Stories for May 2013

Friday, May 10th 2013 - 07:13 UTC
Moody’s says Uruguay banking system outlook is stable; strong economic growth and domestic demand

The outlook the Uruguayan banking system is stable, based on expectations that continued economic growth and favourable labour market conditions will sustain loan growth and banks' profitability, says Moody's Investors Service in the report “Banking System Outlook: Uruguay.”
Friday, May 10th 2013 - 06:51 UTC
The Economist: Brazil isn’t growing, so why are Brazilians so happy?

In the decade after Jim O’Neill of Goldman Sachs coined the acronym “BRICs” in 2001, grouping together four big countries with the potential for sustained growth, the “B”, Brazil, really put itself on the economic map.
Friday, May 10th 2013 - 06:44 UTC
Brazil reports great interest in the coming 11th bidding hydrocarbons round

The director of Brazil's Agencia Nacional do Petroleo (ANP) reports significant interest from operators in Brazil's upcoming 11th bidding round as the country pursues its plans to double its oil and natural gas production. The bidding round is the first since December 2008 and the first under the nation's new hydrocarbon law.
Friday, May 10th 2013 - 06:37 UTC
Isle of Man and Argentina conclude tax information exchange agreement

The Isle of Man concluded a Tax Information Exchange Agreement with Argentina on 14 December 2012 and on January this year the Embassy in London confirmed that Argentina had completed its ratification procedures in relation to the agreement.
Friday, May 10th 2013 - 06:30 UTC
Stubbornly high inflation in Uruguay for another two years forecasts Capital Economics

Uruguay’s stubbornly high inflation is as much structural in nature as it is due cyclical factors and to bring it down requires changes in fiscal policy, tackling widespread salary indexation and policymakers need to enhance their credibility according to Capital Economics.
Friday, May 10th 2013 - 06:26 UTC
Chinese Vice-president in Argentina to strengthen long-term strategic partnership

China is determined to advance in mutually beneficial cooperation with Argentina visiting Chinese Vice President Li Yuanchao said on his arrival on Thursday to Buenos Aires. He underlined that the new Chinese leadership will continue to perceive and develop bilateral relations from a long-term strategic perspective.
Friday, May 10th 2013 - 06:17 UTC
Brazil and Argentina agree to jointly build two nuclear research reactors

Atomic power agencies from Brazil and Argentina signed an agreement to build two nuclear reactors for research and production of radioisotopes, according to the Ministry of Science and Technology (MCT).
Friday, May 10th 2013 - 06:10 UTC
Repsol first quarter profits jumped 38% on the year mainly on higher production

Spains’s Repsol SA said on Thursday its first-quarter profit jumped 38% on the year, mainly due to higher production and refining margins.
Friday, May 10th 2013 - 06:05 UTC
Peru promoting Unasur summit to address Venezuela’s political situation

Peru which currently holds the chair of Unasur, Union of South American Nations is promoting a new meeting of country members’ heads of state to address the political situation in Venezuela, Foreign minister Rafael Roncagliolo said on Thursday.
Friday, May 10th 2013 - 05:59 UTC
Chile launches ambitious tourism campaign at World Travel Market in Sao Paulo

A new international campaign to promote Chile as a tourism destination was launched by the Under Secretariat for Tourism, the institution responsible for the promotion of Chile in overseas markets. The campaign was presented in parallel in Sao Paulo as part of the events at World Travel Market (WTM) Latin America.