Stories for July 14th 2014

Monday, July 14th 2014 - 23:26 UTC
Uruguayans believe government is on the right track, but performance is missing

A majority of Uruguayan believe the current government is on the right course but its performance is not satisfactory, according to a local public opinion poll from FACTUM. In effect seven out of ten agree with the course but the same percentages believe the performance is bad.
Monday, July 14th 2014 - 23:22 UTC
Uruguayan diplomat's Oxford experience with a Chevening scholarship

Laura Silva has just returned to Uruguay after successfully completing her Diplomacy Master’s degree in Oxford, sponsored by a Chevening scholarship. The following is a piece Ms Silva wrote about her experience at Oxford University.
Monday, July 14th 2014 - 23:09 UTC
Paraguay's currency steadily becoming a 'strong' currency based on positive indicators

The Paraguayan currency, Guaraní, is expected to revalue 1.4% against the US dollar by the end of the year becoming one Latam's strongest given its positive macroeconomic indicators. This follows a strong performance during the first half of the year when the price of the dollar in the capital Asunción wholesale money exchanges dropped from 4.450 Guaraní to 4.240, according to private consultants “Consensus Economics”.
Monday, July 14th 2014 - 23:03 UTC
Mexico rapidly overtaking Brazil as Latam's leading auto producer

Pacific Alliance member Mexico is poised to overtake Brazil, the leading economy in Mercosur, as the top Latin American auto producer for the first time in more than a decade as surging exports to the U.S. spur factory openings and record output.
Monday, July 14th 2014 - 06:26 UTC
Promising scenario for European Union beef production and exports

European Union (EU) meat production is projected to start growing in 2014, according to the European Commission, as Europe’s economic recovery solidifies. This could represent an increase of 0.7% year-on-year for beef, veal, pork, poultry, sheep and goat meat.
Monday, July 14th 2014 - 06:17 UTC
GM to manufacture aluminium engines in Argentina for local and export markets

General Motors plans to invest 740 million dollars through 2016 in Argentina to build a factory to turn out aluminium motors. The announcement comes as the Argentine auto industry saw a more than 20% drop in production in the first quarter compared to the record performance in the same period in a year earlier.
Monday, July 14th 2014 - 06:07 UTC
US consolidating as world's biggest oil and natural gas producer

$Oil extraction is soaring at shale formations in Texas and North Dakota as companies apply fracking$

The US will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs US economic recovery, Bank of America Corp. said in a report.
Monday, July 14th 2014 - 05:49 UTC
Russia interested in Argentina's shale deposits, says Cristina Fernandez

President Cristina Fernandez confirmed Russia’s interest in investing in Argentina's Vaca Muerta shale formation in Patagonia and announced that a Russian delegation will travel soon to the area, which holds one of the largest shale gas and oil reserves of the world.
Monday, July 14th 2014 - 05:39 UTC
Falklands: Putin calls on UK to sit and talk with Argentina to resolve the dispute

Russia's president Vladimir Putin has got involved in the Falkland Islands row, urging Britain it must sit down with Argentina for fresh talks to resolve the dispute, as indicated by the United Nations.
Monday, July 14th 2014 - 05:24 UTC
Russia offers to build (and finance) two new nuclear power plants in Argentina

Russian President Vladimir Putin signed on Saturday a nuclear energy cooperation deal with Argentina on the third stop (Cuba, Nicaragua) of a tour to bolster trade ties and strengthen Russia’s influence in Latin America.