Argentines wishing to spend vacations overseas, edgy farmers, strong demand from business and the government’s hoarding of hard currency are pushing the US dollar to new highs in Argentina, just a few cents away from the threshold 8 Pesos to the greenback, while in the official market trading is climbing closer to 5 Pesos.
Brazil's state-run oil company Petrobras said in a market filing that it would increase refinery prices for gasoline and diesel by 6.6% and 5.4%, respectively, starting on January 31. However the market’s reaction was negative with the Bovespa stock exchange falling to a seven-week low.
Argentine Foreign Minister Héctor Timerman summoned on Wednesday Israeli ambassador to Argentina Dorit Shavit, and expressed the “surprise and irritation” of President Cristina Fernandez government after learning that Tel Aviv had demanded an explanation from Argentine ambassador to Israel with regards to the recent agreement between Argentina and Iran.
The newly appointed ambassadors of the 2014 FIFA World Cup on Wednesday 30 January 2013, unveiled the tournament’s Official Poster at a media briefing in Rio de Janeiro. Four FIFA World Cup winners, Amarildo, Carlos Alberto Torres, Bebeto and Ronaldo, as well as women’s football star Marta, were invited by FIFA Secretary General Jérôme Valcke to end the suspense and help unveil the design.
A frustrating four-day search-and-rescue operation for a small plane that crashed in a remote part of Antarctica has come to an end with the location of the wreckage site and the confirmation that all three crew members perished in the crash.
Royal Dutch Shell, Europe’s biggest oil company, isn’t liable in four out of five claims bought by Nigerian farmers for pollution, a Dutch court ruled. However the company’s local venture must pay compensation in one case.
Argentina says it plans to withdraw from the International Centre for Settlement of Investment Disputes, ICSID, a World Bank body designed to arbitrate between states and foreign investors.
Canada and the United States have agreed to maintain livestock and meat trade during animal disease outbreaks using a new system that targets trade bans more precisely by region, Canadian Agriculture Minister Gerry Ritz said this week.
Argentina dropped seven positions and now ranks 54 in the 2013 World Press Freedom Index of 179 countries elaborated by Reporters Without Frontiers. Uruguay is the best ranked in South America, position 27, while other Mercosur full members standing are not very encouraging: Paraguay, 91; Brazil, 108 and Venezuela, 117.
Reporters Without Borders released a report entitled “Brazil, the country of 30 Berlusconis” that examines all of the shortcomings of the country’s media landscape It is based on fact-finding visits to Rio de Janeiro, São Paulo and Brasilia in November 2012.