Latin America

• Thursday, September 5th 2013 - 03:53 UTC

  Argentine politicians warn Uruguay on possible expansion of pulp mill production capacity

  

  The bilateral conflict between Argentina and Uruguay over the UPM/Botnia pulp mill, on the Uruguayan side of the Uruguay River is once again leading to tension between the two neighbours amid reports that the plant’s Finnish owners plan to increase production from 1.1 to 1.3 million tons of cellulose paste per year.

• Thursday, September 5th 2013 - 03:35 UTC

  Falklands’ lawmaker has full round of political and business contacts in Uruguay

  

  “We have come for people-to-people contacts, to talk about business opportunities and for the resumption of the close and historic links between the Falkland Islands and Uruguay”, repeated Falklands’ lawmaker Dick Sawle during one of his many presentations in Montevideo.

• Thursday, September 5th 2013 - 02:20 UTC

  Latam/China trade highly vulnerable: raw materials for manufactured goods

  

  Over the past decade China has become a key partner for Latin America and the Caribbean with bilateral trade increasing 22 fold between 2000 and 2012, albeit with a strong deficit for Latin American countries, according to Alicia Bárcena, Executive Secretary of the UN Economic Commission for Latin America and the Caribbean.

• Thursday, September 5th 2013 - 01:48 UTC

  Chilean economy slowing but still vigorous with growth ranging of 4% to 4.5%

  

  Chile's central bank cut its forecast range for 2013 GDP growth but maintained inflation and domestic demand predictions as the effects of a slowdown hitting copper demand are moderated by consumer spending.

• Thursday, September 5th 2013 - 01:36 UTC

  ”The majority of ministers of Piñera’s government are all children of Pinochet”

  

  A prominent backer of the 1973 military coup against elected President Salvador Allende said that General Augusto Pinochet betrayed those who supported the putsch out of patriotic sentiments. Roberto Thieme, a founder of the nationalist Homeland and Freedom movement, known as PyL, spoke out a week before the 40th anniversary of Allende's bloody ouster in an interview with Radio Cooperativa.

• Thursday, September 5th 2013 - 01:21 UTC

  Chile’s Judges apologize for their passive complicity with the Pinochet regime.

  

  Chile's judges issued a long-awaited apology on Wednesday to relatives of those who sought missing loved ones under the military regime of Dictator Augusto Pinochet only to have courts shrug them off.

• Wednesday, September 4th 2013 - 01:36 UTC

  Mexico’s Pemex oil company expected to join YPF in developing shale resources

  

  YPF Chief Executive Officer Miguel Galuccio said Argentina’s nationalized energy company is willing to form a partnership with Mexico’s state-run Petroleos Mexicanos to develop shale oil and natural gas deposits in the Vaca Muerta formation.

• Wednesday, September 4th 2013 - 01:31 UTC

  Brazilean production in all four industry categories down in July

  

  Brazilian industrial output was down 2% in July from June this year. The information was released this Tuesday in the Monthly Industrial Survey by the Brazilian Institute of Geography and Statistics IBGE.

• Wednesday, September 4th 2013 - 01:26 UTC

  Brazil's inflation tendency again picks up as food and transport prices rebound

  

  Brazil’s twelve-month inflation ended August at its lowest level this year, according to a central bank survey of fourteen economists. This means the 12-month IPCA consumer-price index is likely to weigh in at 6.10% for August, down from 6.27% at the end of July.

• Wednesday, September 4th 2013 - 00:36 UTC

  Food, education and healthcare rising prices keep Uruguay’s inflation out of target

  

  Uruguay’s inflation in August kept climbing and reached 1.04%, totalling 6.74% in the first eight months of the year and 8.86% in the last twelve months, which is well above the Central bank target of 4% to 6%, according to the latest report from the local Statistics Office, INE.