Stories for 2013

Thursday, October 31st 2013 - 04:05 UTC
Shell aggressively quickening offshore oil exploration pace in Uruguay

Oil exploration in Uruguay picked up strongly with the arrival of Anglo-Dutch Shell which took over Brazil's Petrobras participation in two offshore blocs according to the country's oil company Ancap Exploration and Production manager Hector de Santa Ana.
Thursday, October 31st 2013 - 03:49 UTC
Greater ports congestion forecasted in Brazil with record soy crop and delayed sugar shipments

Brazil’s delays loading soybeans for export may worsen in 2014 due to a bigger crop and as some grain facilities are used for sugar shipments, crop analyst Soybean & Corn Advisor Inc. said.
Thursday, October 31st 2013 - 03:46 UTC
US with the lowest federal budget deficit since 2008: surplus in September

Tax increases, spending cuts and a stronger economy nearly sliced the United States budget deficit in half in fiscal 2013, reducing it to the lowest level since 2008, Treasury Department data showed. The federal government took in 75.1 billion more than it spent last month, leaving the deficit for the fiscal year, which runs from October to September, at 680 billion, down from 1.09 trillion in 2012.
Wednesday, October 30th 2013 - 22:13 UTC
With help from her rival, Chile's Bachelet poised to win presidential election in the first round

Former president Michelle Bachelet holds a huge lead in Chile’s presidential election this year and may attract enough support to win outright in the first round, a key poll showed this week. An estimated 47% of Chileans surveyed by pollster CEP said they would vote for Bachelet if the election were held this Sunday, while 14% backed right-wing candidate Evelyn Matthei and 10% supported independent economist Franco Parisi.
Wednesday, October 30th 2013 - 21:45 UTC
Latam and Caribbean weather global slowdown: unemployment forecasted to end this year at 6.3%

Latin American and the Caribbean are forecasted to end 2013 with an urban unemployment rate of between 6.2% and 6.3%, slightly lower than 6.4% recorded in 2012, according to the latest estimates from the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labor Organization (ILO).
Wednesday, October 30th 2013 - 21:29 UTC
Fed continues with bond purchases: shutdown of US government affected reliable stats

The Federal Reserve decided on Wednesday to press on with the 85 billion dollars in monthly bond purchases, saying it needs to see more evidence that the economy will continue to improve.
Wednesday, October 30th 2013 - 21:26 UTC
Cartes and Rousseff confirm Mercosur with inauguration of 500 KW power plant and transmission line

Paraguayan president Horacio Cartes and his peer from Brazil Dilma Rousseff inaugurated on Tuesday a 500KW power plant and line from the Itaipú hydroelectric dam to the city of Asunción which should help end endemic blackouts and supply a new industrial park.
Wednesday, October 30th 2013 - 07:45 UTC
Clarin loses constitutional battle, but Argentine government ordered to treat all media equally

The Argentine Supreme Court on Tuesday after four years of litigation finally declared the constitutionality of the Broadcast Media Law, effective immediately, and which forces the powerful Clarin media consortium to comply with the antimonopoly legislation and sell off many of its operating licenses.
Wednesday, October 30th 2013 - 07:40 UTC
Pacific Alliance well ahead of Mercosur in the “Doing Business 2014” report

The World Bank's “Doing business 2014” report is not very encouraging for Latin-America with Chile the best ranked in position 34 out of 189 economies surveyed, but the group of countries that make up the Pacific Alliance again figures well ahead of Mercosur.
Wednesday, October 30th 2013 - 07:33 UTC
Botnia/UPM conflict: Argentina retaliates against Uruguay with trade and port measures

Argentina has made public its first retaliation against Uruguay over the Botnia/UPM pulp mill controversy and has banned Argentine exports from being trucked to Montevideo for shipment overseas. The resolution was published Tuesday in the Official Gazette and invokes maritime transport agreements in the framework of Mercosur.