Economy

Tuesday, September 17th 2013 - 05:03 UTC
Punta Arenas expects 58.000 visitors and 103 calls this coming cruise season

An estimated 58.000 visitors have been confirmed for this coming 2013/14 cruise season at the extreme south Chile cities of Punta Arenas and Puerto Natales, although the overall number is slightly less than the 62.000 of this last season according to Epaustral, the Austral Port Corporation.
Monday, September 16th 2013 - 01:32 UTC
Colombia denies registry of the ‘Escobar’ trademark to family members

Colombia’s government has refused registration as a trademark of the full name “Pablo Emilio Escobar Gaviria” the country most notorious narcotics criminal. According to local news in Bogotá the application was filed by Maria Isabel Santos Cabalerro, Juana Manuela Marroquín Santos and Juan Sebastian Marroquín Santos, Escobar’s widow and children respectively who changed their names after settling in Argentina in the late 1990.
Monday, September 16th 2013 - 01:29 UTC
Leading Spanish bank ready to lend 10bn dollars for infrastructure in Brazil

Following a meeting with President Dilma Rousseff, Banco Santander Chairman Emilio Botin said that the Spanish bank has 10 billion dollars available to finance infrastructure projects in Brazil. He also anticipated that loan book growth at Banco Santander Brasil SA would be up about 10% in 2013.
Monday, September 16th 2013 - 01:26 UTC
Colombia/Nicaragua maritime dispute reignites, despite International Court ruling

President Juan Manuel Santos presented before Colombia’s constitutional court a demand against the Pact of Bogotá arguing that a recent ruling from the International Court of Justice on a maritime dispute with Nicaragua does not comply with the Colombian constitution.
Monday, September 16th 2013 - 01:25 UTC
Argentine official inflation 0.8% and 6.6% in eight months despite price agreements

Argentina's Consumer Price Index (IPC) was of 0.8% in August, according to the INDEC statistics bureau, totalling 6.6% this year. Price hikes were mainly seen in food and beverage, household equipment and maintenance sectors. Meanwhile, entertainment costs went down in August.
Monday, September 16th 2013 - 01:21 UTC
Uruguay’s economy expands 5.6% in second quarter helped by hydroelectric production

Uruguay's economy expanded 5.6% in the second quarter compared with the same period a year earlier and 2.1% compared with the first three months of this year, the central bank said in its quarterly report.
Monday, September 16th 2013 - 01:19 UTC
Cartes on a two-day visit to Pacific Alliance member Chile to promote trade and investments

Paraguayan president Horacio Cartes begins on Monday a two-day visit to Chile where he is scheduled to meet his peer Sebastián Piñera and hold a round of talks with business people inviting them to invest in Paraguay. At the end of the month Cartes will be flying to Brasilia to meet President Dilma Rousseff.
Sunday, September 15th 2013 - 20:22 UTC
Brazil forecasted to become the leading country in soybean production

Brazil is to top the world soybean production league for the first time, thanks to the incentive to farmers provided from resilient prices and a weak Real, overtaking the US, whose hopes have been dented by drought.
Sunday, September 15th 2013 - 20:18 UTC
Summers pulls out of the race to succeed Bernanke at the Federal Reserve

Lawrence “Larry” Summers, the former Treasury Secretary who served Presidents Clinton and Obama, called President Barack Obama on Sunday to say he is pulling out of the race to succeed Ben Bernanke as chairman of the Federal Reserve.
Sunday, September 15th 2013 - 19:18 UTC
RFA Wave Knight in major seizure of drugs in the Caribbean

Royal Fleet Auxiliary support ship Wave Knight has helped seize an estimated £6.5 million worth of drugs from traffickers in the Caribbean. In a multi-agency operation involving UK and US assets, the fishing vessel Miss Tiffany was detected and one of Wave Knight’s boats was launched to investigate.