Latin America

• Tuesday, April 2nd 2013 - 20:28 UTC

  Eleven million Argentines, 26.9% of the population live in poverty conditions

  

  An estimated 11 million Argentines or 26.9% out of a population of 40 million live in poverty according to the Social Observatory from the Argentine Catholic University, (UCA) based on a survey taken at the end of last year. However according to Argentina questioned stats’ office Indec, in the second half of 2012, poverty was down to 5.4% of the population equivalent to 2.2 million poor.

• Tuesday, April 2nd 2013 - 19:42 UTC

  Real estate prices’ increase in Rio and Sao Paulo among the highest in the world

  

  The latest Knight Frank’s Global Real Estate Index released this month has Brazil ranking No. 3 in the world and No. 1 in the Americas for rising home prices. Only ridiculously expensive Hong Kong and Dubai, which are not countries, have seen prices rise more. So in fact, no single country has seen its housing prices increase as much as Brazil.

• 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 - 19:15 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 - 10:08 UTC

  Paraguayan president visits Spain and the OAS where he has ample support

  

  Paraguay’s president Federico Franco has arrived in Madrid, a special guest of his peer Mariano Rajoy with whom he will be holding talks at the Moncloa Palace. Rajoy is particularly interested in showing his support for President Franco and Paraguay that have been suspended from Mercosur and Unasur because of the removal by Congress, following political impeachment of Fernando Lugo.

• 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.