Stories for 2013

Saturday, January 5th 2013 - 05:59 UTC
Lowering the price of power, Uruguay ends 2012 with an inflation of 7.48%

Consumer prices in Uruguay ended the year at 7.48% after recording the lowest December percentage in forty years: a negative 0.73%. However analysts and consultants anticipate that inflation in the first quarter of 2013 will remain above an annualized 8%.
Saturday, January 5th 2013 - 05:53 UTC
Argentina among select group with the highest inflation in the last fiv-year period

Argentina is among the world’s countries which experienced the highest inflation in the last five years based on average data from the country’s private consultants and the IMF. The double digit inflation was estimated at 21.3%, an approximate average for the 2008/2012 period, and compiled by IERAL an Argentine business think-tank.
Saturday, January 5th 2013 - 05:41 UTC
Blackouts and agriculture collapse forecasted in drought stricken north-east Brazil

North-east Brazil is suffering its worst drought in decades, threatening hydro-power supplies in an area prone to blackouts and potentially slowing economic growth in one of the country's emerging agricultural frontiers.
Saturday, January 5th 2013 - 05:35 UTC
Maduro practically admits Chavez won’t be in Caracas for the January 10 oath

Venezuelan President Hugo Chávez' formal swearing-in for a new six-year term scheduled for January 10 can be postponed if he is unable to attend due to his struggle to recover from cancer surgery, his vice-president said on Friday.
Saturday, January 5th 2013 - 05:28 UTC
“Sovereignty party” for when Libertad and Espora sail in together to Mar del Plata

Argentina’s dredgers union assured a safe passage for when the Navy’s flag ship ARA Libertad arrives to Mar del Plata next 9 January to a big reception party headed by President Cristina Fernandez. There were concerns that the depth of the access channel wouldn’t be enough.
Saturday, January 5th 2013 - 05:13 UTC
Murdoch’s The Sun tells Cristina Fernandez “HANDS OFF” the Falklands

In a full page advert published exclusively in Friday’s Buenos Aires Herald, in English and Spanish, leading British tabloid The Sun admonishes President Cristina Fernández de Kirchner with a “Hands off!” from the Falkland Islands, in response to the Argentine president’s letter to Prime Minister David Cameron, published on Wednesday in several British dailies.
Friday, January 4th 2013 - 23:40 UTC
Brazil appeals to sovereign fund and state companies’ profits to meet 2012 fiscal target

Brazil tapped into its sovereign wealth fund and state companies’ profits in an effort to meet its 2012 fiscal target.
Friday, January 4th 2013 - 23:23 UTC
Pure adrenaline: world’s most extreme 15-day competition takes off in Lima

Competitors are putting the final touches to their motorcycles, quad bikes, cars and trucks ahead of the start of one of the world’s most extreme races. The Dakar Rally returns once again to South America, beginning in Lima, capital of Peru on Saturday January 5, before making its way to Santiago de Chile for a grand finale outside La Moneda on January 20.
Friday, January 4th 2013 - 22:15 UTC
EU expects to advance trade talks with Mercosur late this month in Chile

The European Union expects to advance cooperation and trade discussions with Mercosur late this month in Chile in the sidelines of the EU/Celac (Community of Latin American and Caribbean States), said EU ambassador in Chile, Rafael Dochao Moreno.
Friday, January 4th 2013 - 22:13 UTC
Swiss bank pleads guilty in US court to helping tax evasion and closes definitely

Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin, which was established in 1741, has also agreed to pay 57.8m dollars in fines to US authorities. The bank had admitted to allowing more than 100 American citizens to hide 1.2bn dollars from the Internal Revenue Service for almost 10 years.