Economy

• Monday, February 13th 2012 - 19:53 UTC

  EU/Mercosur hope to resume talks following French presidential election

  

  European and Latin American personalities underlined the peril of falling prey to short term results and forget the long term relation between the two regions which is expected to be re-launched following the French presidential election next April.

• Monday, February 13th 2012 - 07:11 UTC

  The Euro edges up as Greece votes austerity plan: Germany not convinced

  

  The Euro edged up on Monday after Greece's parliament approved an austerity bill that put the country a step closer to securing much-needed funds, though market players worried about more hurdles before lenders seal a bailout deal.

• Monday, February 13th 2012 - 06:01 UTC

  It is official: Uruguay’s UPM-Botnia pulp mill does not contaminate, never has

  

  A huge pulp mill, UPM, which has been at the heart of a several years’ controversy between Uruguay and Argentina, does not contaminate revealed Uruguay’s Foreign Affairs minister Luis Almagro before the Uruguayan parliament.

• Saturday, February 11th 2012 - 07:46 UTC

  Argentina says Uruguay should be grateful for all the investments and jobs created

  

  Relations with the Uruguayan government couldn’t be better, with no obstacles ahead, and much of the success of the Uruguayan economy is influenced by Argentina, said ambassador in Montevideo Dante Dovena.

• Saturday, February 11th 2012 - 07:42 UTC

  Brazilean consumer prices increase 0.56% in January, fastest in nine months

  

  Brazilian consumer prices rose at the fastest pace in nine months in January on higher transport, food and drink costs. Prices increased 0.56% from December, the national statistics agency said in a report distributed in Rio de Janeiro.

• Saturday, February 11th 2012 - 02:15 UTC

  Argentine government and private sector coincide inflation is climbing, and fast

  

  Argentina’s consumer prices inflation reached 0.9% in January, accumulating 9.7% in the last twelve months according to the official Indec national statistics bureau. The index is less than half the private estimate or “Congress index”, 1.9%.

• Friday, February 10th 2012 - 18:03 UTC

  Argentina backs Uruguay trade delegation to Falklands: “we’re not for the blockade”

  

  The Argentine government sees with good eyes that a Uruguayan trade delegation travelled to the Falklands/Malvinas in spite of the ‘dialectic conflict’ with the UK over the sovereignty of the Islands, said the Argentine ambassador in Montevideo, Dante Dovena.

• Friday, February 10th 2012 - 00:47 UTC

  Spanish government to unveil drastic reforms to rigid labour legislation

  

  Spain's government will unveil reforms to rigid labour laws on Friday that it hopes will be radical enough to get to grips with sky-high unemployment while not severing links altogether with unions ahead of key regional elections.

• Thursday, February 9th 2012 - 23:43 UTC

  Obama/banks mortgage-deal to rescue US doomed and struggling homeowners

  

  President Barack Obama administration and top US mortgage lenders unveiled a landmark 25 billion dollars deal Thursday to help struggling homeowners get back on their feet and to reignite the moribund housing market.

• Thursday, February 9th 2012 - 23:17 UTC

  Mujica says Mercosur is “a chewing gum”; promises trade deals with third countries

  

  Mercosur from a real point of view exits, but institutionally it’s a “chewing gum” claimed Uruguayan president Jose Mujica who anticipated he would demand from the block’s partners that Uruguay be allowed to sign bilateral trade agreements with third parties.