Brazil will scrap a tax on foreign investments in local debt, a surprise move that could help stop a sharp depreciation of the country's currency which lost 7.6% in the past three months and that threatens to stoke already high inflation in Latin America's largest economy.
Lawmaker Jaime Trobo invited his peers in the Lower House to review the Uruguayan government’s position regarding the Malvinas Islands and without questioning Argentine sovereignty, establish close trade and human links with the Islanders, as in the past, eliminating the ‘sanitary ring’ imposed by the current Argentine government.
The Organization of American States (OAS) hosted its 51st Policy Roundtable on the theme Power Shifts in Latin America: Current Trends at the headquarters of the organization in Washington, DC. Most experts coincided in a new interaction between the US and the region despite ideology still plays a role, but overall the old elites are being eclipse.
Consumer prices in Paraguay dropped 0.3% during May which brings the accumulated five month inflation to 0.2%, reported the Central bank. The percentage is considerably lower than May a year ago when it reached 0.4% and had accumulated 3.2%. Twelve month inflation in May reached 0.9% which compares favourably with the 3.8% of a year ago
In a brief but extremely aggressive release the Iranian Foreign Ministry rejected point blank the report from Argentine Prosecutor Alberto Nisman whom they described as “Zionist” and denied all allegations that Tehran has infiltrated nine South American countries to commit terrorist acts.
After becoming the first cruise operator to implement a brand new social media tracking service on their remote voyages to Antarctica and the Arctic earlier this year, Aurora Expeditions has now taken home an award at the 2013 TRAVEL + LEISURE SMITTY (Social Media in Travel and Tourism) Awards.
Uruguayan president Jose Mujica called on Spain for a more decisive role in the trade and cooperation agreement discussions between Mercosur and the European Union which have been going on for over a decade.
Chilean citizens have been chosen for the US Visa Waiver program, Chilean president Sebastián Piñera announced on Monday in Washington. He is scheduled to meet President Barack Obama at the White House on Tuesday to talk trade and other regional issues.
President Juan Manuel Santos announcement over the weekend that Colombia will look for a cooperation understanding with NATO (North Atlantic Treaty Organization) on their invitation, has irked the so called Latinamerican group of ‘anti-imperialist countries’, at a moment when relations between neighbouring Colombia and Venezuela have hit a new low.
Denmark’s Vestas Wind Systems wind-turbine maker received a 90-megawatt turbine order from Compañia Forestal Uruguaya SA for the Pintado power plant in south centre Uruguay. The 30 3-megawatt turbines project will be serviced by the company for 15 years and the farm is expected to be operational by the second quarter of next year.