Brazil’s currency Real declined from its highest level in two weeks after Moody’s Investors Service cited rising debt and weak growth in lowering its outlook on the country’s credit rating to stable from positive.
Bolivian President Evo Morales and the chairman and CEO of Spanish energy major Repsol, Antonio Brufau, inaugurated the newly expanded Margarita natural gas processing plant, with a capacity increased of nearly 70%.
Foreign Minister Héctor Timerman has confirmed that Argentina will go before the international court of justice at The Hague over the decision of Uruguayan president José Mujica, who on Wednesday authorised increased production at the UPM (ex-Botnia) paper plant.
Spain has proposed sharing embassies, consulates and trade offices with its Latinamerican associate-members of the Pacific Alliance, Chile, Peru, Colombia and Mexico. Foreign minister Jose Manuel García Margallo said that the idea of sharing some embassies and consulates already is operational in the European Union.
Colombia, Peru and Chile announced on Wednesday the integration of their foreign exchange markets in the framework of MILA to facilitate money exchange operations between the three associates which add to a daily average turnover of 2,798bn. So far the Latinamerican Integrated Market, MILA, is operating with a combined stock market for the three nations.
Brazilian president Dilma Rousseff received her peer from Paraguay, Horacio Cartes with full head of state honours but at the same time reminded him that Paraguay is a full member of Mercosur and “bilateral relations are in the context of multilateral relations with all countries of the hemisphere”.
Chilean residents of the Falkland Islands celebrated at Government House in Stanley their national day and the strong connections between the Islands and Chile.
Argentine President Cristina Fernández met on Monday with her Uruguayan counterpart José Mujica after the pair inaugurated a new vessel belonging to the ferry company Buquebús, (which joins Montevideo with Buenos Aires), in order to discuss matters related to the controversial UPM pulp plant formerly known as Botnia.
Last week Brazil’s Dilma Rousseff reopened her official twitter, closed since January 2011 when she was inaugurated, but now a year ahead of elections has reappeared with the character “Dilma Bolada”, full of music, colour and satire. “Sou Linda, sou diva, sou Presidenta, Sou Dilma” is the slogan of her Facebook with over half a million fans in just a few days
With less than a month for Argentina’s mid term elections the opposition to President Cristina Fernandez in the province of Buenos Aires, the largest and crucial electoral circuit clearly leads in public opinion polls and continues to advance over the primary results of August.