Latin America

• Friday, March 22nd 2013 - 21:23 UTC

  Uruguay’s economic-trade relations with Argentina at ‘their worst moment in a long time’

  

  The economic-trade relations with Argentina are going through ‘their worst moment in a long time’, and the latest measures announced by the government of President Cristina Fernandez have a ‘very harmful effect’ on Uruguay, said Vice-president Danilo Astori on Friday.

• Friday, March 22nd 2013 - 21:16 UTC

  World Bank outstands Uruguay as a success story in economic and social recovery

  

  Under the heading of: “From crisis to opportunity: supporting an effective economic and social recovery with innovation and flexibility”, the World Bank outstands Uruguay as a success story, from the downfall of 2001/02, mainly consequence of the Argentine melting to the sustained recovery since 2004/05.

• Friday, March 22nd 2013 - 07:19 UTC

  Argentina threatens with ‘flexible imports’ to ensure supply of consumer goods

  

  Argentine president Cristina Fernandez announced the government is prepared to make imports more flexible in those areas where a few companies have a quasi-monopoly control, but also warned about windfall profiteering.

• Friday, March 22nd 2013 - 06:43 UTC

  Chilean experts investigate death of millions of dead prawns washed to the coast

  

  Chilean experts and prosecutors are investigating the appearance of millions of dead prawns that washed up on a beach in southern Chile this week carpeting a three-kilometre strand in red.

• Friday, March 22nd 2013 - 06:36 UTC

  Pescanova planning to sell assets in Chile to reorganize finances

  

  The main creditor banks of the Galician multinational firm Pescanova, (which is under a probe from the Spanish stock market regulator), argue that the only way the firm can reorganize its financial situation is through the total or partial sale of its subsidiary in Chile by means of a Preventive Judicial Agreement.

• Friday, March 22nd 2013 - 02:18 UTC

  India, seventh market for Brazilian exports; bilateral trade reaches 10.6bn dollars in 2012

  

  By R. Viswanathan - India's trade with Brazil reached 10.6 billion dollars in 2012 (January to December), increasing by 15% from 9.2bn in 2011. Twenty years back, in 1992 bilateral trade was just 177 million dollars. Ten years back, in 2002, it was 1.2 billion dollars.
  India's exports to Brazil declined in 2012 to 5.04bn from 6bn dollars in 2011.

• Thursday, March 21st 2013 - 06:36 UTC

  Capriles says that with the devaluations Maduro is destroying the 14 years of Chavez achievement

  

  Venezuelan opposition candidate Henrique Capriles claimed that acting president Nicolas Maduro with his latest decision approving a new devaluation of the local currency Bolivar is destroying the country, and he is achieving it in the hundred days he has been running the government.

• Thursday, March 21st 2013 - 06:30 UTC

  Venezuela plays the ‘US interference card’ suspends dialogue with Washington

  

  The Venezuelan government said on Wednesday it has suspended a “channel of communications” with Washington as it escalates tension and polarizes public opinion ahead of elections to replace the late president Hugo Chavez.

• Thursday, March 21st 2013 - 06:14 UTC

  Urgent meeting of Argentine economic team as US dollar jumps 10% to 8.75 Pesos

  

  President Cristina Fernandez called an urgent meeting on Wednesday evening of her economic team following a day of hectic trading in the currency exchange market which had the US dollar climb to 8.75 Pesos in the parallel market, expanding the gap with the official rate to almost 70%.

• Thursday, March 21st 2013 - 02:33 UTC

  Mexico and Brazil approve visa exemption for short stays

  

  The governments of Mexico and Brazil have agreed to the exemption of the short-stay visas in ordinary passports for their citizens. The move is designed to increase the flow of travellrs between the two nations.