Stories for 2013

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).
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.
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.
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.
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.
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.
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).
Tuesday, May 7th 2013 - 09:28 UTC
IMF again warns Argentina about protectionist and foreign currency exchange policies

The International Monetary Fund Director for the Western Hemisphere, Alejandro Werner, warned on Monday about the “negative effect” that the existence of two foreign currency exchange markets and protectionist policies bring to Argentina.
Tuesday, May 7th 2013 - 09:11 UTC
Winning design to replace Brazil’s destroyed Antarctic base was presented in Rio

The Brazilian Navy announced in Rio the winning proposal for the new Antarctic research base Comandante Ferraz which in February last year was destroyed by fire with the loss of two lives and damages in excess of 12 million dollars.
Tuesday, May 7th 2013 - 09:04 UTC
Brazil expects a boom in sales of its unique sugar cane liquor ‘cachaca’

Brazil’s ‘cachaca’ the world's fourth most-produced distilled spirit, but little known abroad, except as an ingredient in popular cocktails like caipirinhas is about to change when the US recognizes the sugar cane liquor as a distinctive Brazilian product.