Economy

• Tuesday, April 2nd 2013 - 05:38 UTC

  Brazil reviewing immigration policy and is looking for “brains and human capital”

  

  Brazil is after “brains and human capital” and a special Strategic Actions Secretariat (SAE) which depends directly from the Executive is working on a strategy to attract selective quality immigration according Ricardo Paes de Barros head of SAE interviewed by the Miami Herald.

• Tuesday, April 2nd 2013 - 05:30 UTC

  Uruguayan exports in first quarter down 13% compared to a year ago

  

  Uruguayan exports of goods in March continued falling thus closing a discouraging first quarter, according to Uruguay XXI, the country’s agency responsible for promoting trade and investment in the country.

• Tuesday, April 2nd 2013 - 05:23 UTC

  India/Mexico bilateral trade expected to reach 15bn dollars by 2015

  

  By R. Viswanathan - Yes… steady is the word to describe the growth of India's trade with Mexico, the second largest market of Latin America. The bilateral trade reached 6.29 billion dollars in 2012 from 4.15bn in 2011, 2.9bn in 2008 and 1.03bn in 2003.

• Tuesday, April 2nd 2013 - 02:42 UTC

  Uruguay will go ahead with the re-gasification plant “with or without Argentina”

  

  President Jose Mujica confirmed that the project for the construction of a liquid gas re-gasification plant in the River Plate coast, originally planned with Argentina, “will go ahead with of without the Argentine government”.

• Tuesday, April 2nd 2013 - 02:37 UTC

  Brazil postpones until next year increases in car sales taxes to help the economy

  

  The Brazilian government postponed until next year increases in taxes on the sale of cars and trucks in a bid to stimulate demand for manufactured goods and spur economic growth, announced the Finance Ministry.

• Monday, April 1st 2013 - 19:56 UTC

  Brazil’s power companies report huge losses in 2012 forced by cheaper electricity bills

  

  Latinamerica’s largest power company Eletrobras, managed by the Brazilian government reported losses equivalent to 3.4bn dollars last year which were mostly attributed to a bill promoted by the administration of President Dilma Rousseff ro reduce electricity bills both for industry, agriculture and home consumption.

• Monday, April 1st 2013 - 19:15 UTC

  Chile, Peru, Colombia and Mexico agree to ‘zero tariff’ for 90% of inter-trade

  

  Chile, Peru, Colombia and Mexico plan to sign an accord liberalizing 90% of trade among the group when they meet at the coming Pacific Alliance summit scheduled for May 23 in Colombia announced Chilean Foreign minister Alfredo Moreno.

• Monday, April 1st 2013 - 10:15 UTC

  Argentine central bank says it has enough reserves to contain the run on the US dollar

  

  With insistent rumours of imminent measures to try and control the value of the US dollar in Argentina, Central Bank Governor Mercedes Marcó del Pont, stressed that the country has more than 40 billion dollars in reserves “to manage the foreign exchange market avoiding sharp changes”.

• Monday, April 1st 2013 - 10:03 UTC

  Sao Paulo will host 1.500 political and business leaders from Germany and Brazil

  

  Germany is keen to boost its already substantial investment in Brazil ahead of the 2014 World Cup and the 2016 Rio summer Olympics, the new president of the Brazil-Germany Chamber of Commerce said.

• Monday, April 1st 2013 - 09:55 UTC

  Venezuela auctions dollars; value is estimated at double the official rate

  

  Venezuelan government foreign currency auction for local importers has triggered de-facto currency devaluation, the second in less than 50 days, analysts said. Venezuela has had strict currency exchange controls since 2003 in an attempt to halt capital flight, under which the government sold limited amounts of foreign currency at an official rate.