The second pulp mill in Uruguay, Montes del Plata is not expected to begin operations until the first half of next year, according to the latest reports from the same corporation which is an association of Chile’s Copec and Finland’s Stora Enso.
Spanish Foreign minister Jose Manuel Garcia-Margallo said that the ‘best solution’ for Spain and Argentina on the dispute over the seizure of a majority stake of YPF from Repsol is “negotiations” and emphasized that Madrid will back Spanish corporations in what it ‘considers convenient’.
The government of President Cristina Fernandez thanked Paraguay for granting political asylum to Juan Domingo Peron, three times elected president of Argentina, at their embassy in Buenos Aires, when he was ousted by a military coup in September 1955
Argentina’s long-term sovereign foreign currency credit rating was cut one level by Standard & Poor’s, which cited a US Appeals Court ruling that prevents the country from honouring its debt without also paying holders of defaulted bonds in full.
Inflation in Argentina during August climbed 2.11% and 25.2% in the last twelve months according to the release from the Congress Freedom of expression commission. The so called Congressional index is an average of private consultants that have been intimidated from making public their estimates by the government of President Cristina Fernandez.
The foreign trade performance of Latin America and the Caribbean reflects the weak global economy. Regional export values are expected to grow by just 1.5% in 2013 (3% in volumes and -1.5% in prices) - which is similar to the 1.4% growth observed in 2012.
Former Chilean president and current front-runner in the November election Michelle Bachelet headed a ceremony at former detention centre Villa Grimaldi as part of the country’s commemoration of the coup led by General Augusto Pinochet against Socialist president Salvador Allende on 11 September 40 years ago.
Hundreds of thousands of Catalans held hands in a 400-km human chain across their region to press the Spanish government to let them vote on breaking away and forming their own country.
Tourism New Zealand will open a new office in Sao Paulo, Brazil to serve as the base of its new Latin American activity. The announcement was made by Prime Minister John Key and the Minister of Tourism, at the Latin American Business Council lunch this week.
Chilean delegates are attending a regional forum to discuss techniques for tackling corruption and collusion in Latin American procurement taking place in Panama City. The conference is a joint initiative of the UK Foreign Office, several Panama government offices and a regional Central America body established by the UN Office on Drugs and Crime.