Brazil's Finance Minister Guido Mantega insisted on Friday that the government is keeping spending under control as he sought to calm anxiety about the deterioration of the government's accounts. The minister said the primary budget surplus, (excess of revenue over expenditure before debt payments) would be above the goal of 73 billion Brazilian Reais for 2013 (30.5bn dollars), equivalent to about 1.5% of gross domestic product.
In a long statement recalling the 181st anniversary of the 'usurpation of our Malvinas, South Georgia, South Sandwich Islands and the adjoining maritime spaces' (almost three million square kilometers) the Argentine Foreign ministry contrasts Buenos Aires peaceful, dialogue attitude with the verbal aggressiveness from British officials when referring to the Malvinas issue.
Argentina's government formally launched on Friday its latest price control program as double-digit inflation sets the stage for tense annual wage talks in coming months. The one-year program sets prices on 194 supermarket items including staples like milk, meat and pasta as well as discretionary items such as beer and ice cream.
British officials thought Spain could “not be trusted” to keep its promises to lift restrictions on Gibraltar prior to joining the European Community, according to declassified documents released to The National Archives.
Brazil has created a special riot force to help police control demonstrations expected during the World Cup later this year. Colonel Alexandre Augusto Aragon, who heads the elite National Security Force, was quoted in local news on Friday as saying that 10,000 riot troops selected from state police forces throughout Brazil will be deployed in the 12 cities hosting World Cup games June 12-July 13.
Brazil posted its lowest trade surplus in 13 years on Thursday, at 2.56 billion dollars for 2013, the trade and commerce ministry said, citing rising imports. The country's foreign trade association AEB had previously warned that 2013 could see the first full-year trade deficit since 2000, which compares with a 19,4bn dollars surplus in 2012
Brazil's oil and natural gas output rose 2.87% in November compared with the same month a year earlier as new oil fields came on line and platforms under maintenance returned to operation, Brazil's oil regulator, the ANP, said on Friday.
Spain stepped in on Friday to try to resolve a cost dispute over the expansion of Panama's canal, which has triggered a sell-off in the shares of Sacyr SA, the Spanish builder leading the project. Spain's Public Works minister, Ana Pastor, and Sacyr Chairman Manuel Manrique are due to travel to Panama on the weekend, Panama's president, Ricardo Martinelli, said.
Uruguayan exports in 2013 increased 4.8% in value and reached a record 9,155 billion dollars with soybean the main item and China the leading trade partner. The data was released by the government export promotion organization Uruguay XXI, which sometimes is over optimistic.
Increased production and consumption of quinoa, coupled with higher visibility of and greater scientific knowledge about the so-called Andean super crop is the legacy left to the world by the International Year of Quinoa 2013, the closing ceremonies of which were held in Bolivia and Peru.