Economy

• Wednesday, January 11th 2012 - 06:27 UTC

  Brazil runs the risk of becoming highly dependent on natural-resources exports

  

  A leading Brazilian economist Edmar Bacha, one of the architects behind the 1994 Plan Real to stabilize Latin America’s largest economy said the country was at risk of becoming entirely dependent on natural resources exports and urged greater savings to invest in diversification.

• Wednesday, January 11th 2012 - 06:24 UTC

  Chilean Patagonia in the 2012 top ten travel destinations of the New York Times

  

  Chile has been included in the New York Times’ list of top travel destinations in 2012, with Chilean Patagonia in 8th place, and Chiloé in 37th place out of a total of 45.

• Wednesday, January 11th 2012 - 06:22 UTC

  Argentina says no change in Mercosur decision to bar Falklands’ flagged vessels

  

  Argentina in two brief statements said on Tuesday that there has been no change in Mercosur members’ position to bar Falklands’ flagged vessels from the region’s ports and that the United Kingdom admits that such policy has become effective.

• Tuesday, January 10th 2012 - 21:09 UTC

  Falklands’ “black gold rush” means a decade of big money, with or without oil

  

  Thirty years after the Falkland Islands conflict, the South Atlantic Islands are the focus of a “black gold rush” as a string of exploration companies seek to be the first to find commercially viable reserves in the region, writes the London Express City & Business.

• Tuesday, January 10th 2012 - 15:42 UTC

  UK tells Mercosur it will resist any attempts to coerce the Falklands

  

  The British government said it would resist any attempts to coerce the Falkland Islands through economic or other pressures, and revealed it is holding ‘productive discussions’ with Uruguay, Chile and Brazil to ensure trade and commercial links between the Islands and South America are not compromised by political declarations.

• Tuesday, January 10th 2012 - 06:02 UTC

  Rockhopper ends Faklands’ 2010/11 exploration round with three oil discoveries

  

  Rockhopper Exploration announced Monday that it has completed its successful round of drillings in Falkland Islands waters with the Ocean Guardian rig.

• Tuesday, January 10th 2012 - 06:00 UTC

  Campden Hill Square, UK’s most desirable road with average house price £ 4.9m

  

  Campden Hill Square in Holland Park, West London, has become Britain's most desirable road with an average house price of £4.9m. The square near Kensington Palace has topped a survey of house prices across the country by Lloyds TSB.

• Tuesday, January 10th 2012 - 05:59 UTC

  Chile preparing forest restoration plan for ravaged areas of Torres del Paine Park

  

  As emergency workers finish extinguishing the last traces of fire in Torres del Paine National Park, now the Chilean government is beginning to look at the next critical phase in handling the disaster in Chile’s world-famous adventure destination.

• Tuesday, January 10th 2012 - 05:57 UTC

  Chilean per capita meat consumption has doubled in the last two decades

  

  In the last two decades Chileans consumption of different meats has doubled according to data from the Agriculture Policy and Studies Office, ODEPA, released this week. From the 39.6 kilos of 1991, meats consumption soared in 2011 to 84.2 kilos on average, and not taking into account fish and sea food.

• Tuesday, January 10th 2012 - 05:56 UTC

  Ortega inaugurates consecutive mandate; opposition fear he could follow Chavez example

  

  Nicaragua President Daniel Ortega takes office for a third time on Tuesday with an ample majority in Congress and in the presence of close allies such as Iran’s Mahmud Ahmadinejad and Venezuela’s Hugo Chavez.