Brazilian President Dilma Rousseff announced this week a deeper-than-expected cut in electricity rates, hoping to contain a recent spike in inflation, give manufacturers a boost and prop the flat economy.
Research in Brazil has revealed that so-called 'biotic' additives are nutritionally feasible replacements for growth promoters and the animal husbandry indices of animals treated with these additives were similar to those of animals fed the normal rations and the use of additives contributed to improvements in the meat quality.
Brazil’s powerful manufacturers’ lobby openly criticized the “illegal barriers” imposed by the government of President Cristina Fernandez on Brazilian produce, and also lashed at President Dilma Rousseff for her administration’s “permissive attitude” towards Buenos Aires, a position that has “paralyzed Mercosur”.
Banco Santander chairman Emilio Botin denied this week that he is selling his company’s assets in Brazil and said his bank is only interested in “buying” in Latinamerica’s leading economy.
Italy’s AgustaWestland looks set to cash in on an oil-driven Brazilian helicopter sales bonanza through a joint venture with Embraer that could lead to production of its rotorcraft in the country.
The number of tourists arriving to Uruguay in the first weeks of this summer season has dropped 14% compared to the same period a year ago, which represents 20.600 less, mostly Argentines and Brazilians, according to Benjamin Liberoff, Director of Tourism.
Renato Machado Gonçalves, the manager and joint owner of Radio Barra FM in Rio de Janeiro state, has become the first journalist to be killed in the western hemisphere in 2013. He was gunned down as he left his home in the north of the state last week.
Uruguay’s economy is poised to grow 4% this year and in 2014, which is above the region’s average, according to the World Bank’s latest Global Economic Prospects issued this week. However Uruguay will be ranked twelfth in the growth ranking of Latinamerica this year but ahead of Brazil and Argentina with 3.4%.
The Brazilian currency and energy rate cuts will help tame inflation this year, allowing the Brazilian central bank to keep interest rates at a record low even as growth accelerates, said Treasury Secretary Arno Augustin.
Twenty one countries from South America and Africa strongly supported their commitment to keep the South Atlantic free of arms of massive destruction and expressed concern over the British military presence in the Falklands/Malvinas, which are claimed by Argentina.