Stories for April 2014

Wednesday, April 9th 2014 - 06:30 UTC
Uruguay significantly stronger but still vulnerable to Argentina, says Fitch

While Uruguay's current financial position is significantly stronger than in the early 2000s when its economy suffered from the effects of the Argentine crisis, a severe downturn in Argentina could still have an important impact on Uruguay's economy through a variety of transmission channels, according to a new special report published by Fitch Ratings.
Wednesday, April 9th 2014 - 06:27 UTC
Another case of “lynching” in one of Buenos Aires most posh neighborhoods

A purse snatcher on a motorcycle ended in hospital terribly beaten up by furious neighbors from one of Buenos Aires City most posh boroughs caught him after committing the crime. A woman police on the beat had to rescue the robber from the lynching crowd until other officers arrived.
Tuesday, April 8th 2014 - 22:20 UTC
Memorial unveiling to commemorate the Battle of the River Plate

Survivors of the first major naval battle of the Second World War will gather at Britain's National Memorial Arboretum to unveil a memorial commemorating the event. The Battle of the River Plate took place 75 years ago (December 1939), and less than a dozen veterans are still alive from this, the only episode of the war to take place in South America.
Tuesday, April 8th 2014 - 22:05 UTC
Falklands fiscal regime and stability remain attractive for oil and gas industry

With the Falkland Islands' upstream oil and gas industry still in its infancy, the country's attractive fiscal regime, which boasts a low government take, is expected to remain stable through the short and medium term, says a new report from research and consulting firm GlobalData.
Tuesday, April 8th 2014 - 19:10 UTC
China and East Asia expected to grow at slower pace this year, says World Bank

The World Bank has trimmed its growth forecast slightly for China, citing a “bumpy start to the year”. It now expects the Chinese economy to grow by 7.6% in 2014, down from its earlier projection of 7.7%. A slew of disappointing figures has triggered concerns of a slowdown in the world's second-largest economy.
Tuesday, April 8th 2014 - 18:17 UTC
Airport chaos anticipated for Brazil's World Cup as terminals remain unfinished

As if problems with the delayed stadiums was not enough, and with less than 10 weeks until the start of the World Cup, work on crucial new airport terminals has fallen behind in most of the dozen Brazilian host cities, heightening the risk of overcrowding and confusion during the tournament.
Tuesday, April 8th 2014 - 07:46 UTC
Record breaking downpour causes flashfloods and mudslides in seven Argentine provinces

More than 3.000 people have been forced to abandon their homes in Argentina as torrential rains and flash floods in the last 24 hours hit at least seven provinces. Classes have been suspended, as well as public transport and so have some of the main highways.
Tuesday, April 8th 2014 - 07:38 UTC
UK minister arrives in Brazil to ramp trade with generous export financing

At the start of a three day trade trip to Brazil, the Chancellor of the Exchequer George Osborne announced the next stage in the UK government’s fundamental overhaul of finance for exporters which should move the UK to the top of the global league for export support.
Tuesday, April 8th 2014 - 07:35 UTC
March inflation in Buenos Aires City, 3.6% and 37.5% in the last 12 months

Consumer prices in the City of Buenos Aires increased 3.6% during March compared to February according to the latest release from the economic consultants FIEL. This is the first drop this year following the increases in January and February which were above 5%.
Tuesday, April 8th 2014 - 00:21 UTC
Rolls-Royce marine facility in Rio to support Brazil's oil industry

Chancellor of the Exchequer George Osborne MP on a three-day visit to Brazil announced on Monday that Rolls-Royce is to build a new £ 22 million Marine facility in Duque de Caxias, Rio de Janeiro.