Uruguayan president Jose Mujica admits that relations between Uruguay and Argentina’s Cristina Fernandez can be “an impossible mission”, but at the same time praised Venezuela’s Hugo Chavez “as the most generous head of state he has ever met”.
Mexico’s Carlos Slim, probably the world’s richest man according to Forbes has referred to Argentina with certain irony when he was asked about the current foreign currency restrictions and changing regulatory framework implemented by the government of President Cristina Fernandez.
Brazil’s Bovespa-index futures declined with the equity gauge poised for its biggest monthly drop since May, after iron-ore producer Vale SA posted a record loss in the fourth quarter.
The head of Mexico's teachers' union and one of the country's most powerful women has been charged with embezzling up to 200 million dollars to fund a lavish lifestyle of shopping sprees and plastic surgery, officials said. The action is seen as a major coup for the three-month old administration of Enrique President Peña Nieto.
Argentina's defence urged a US appeals court on Wednesday to come up with a workable solution to its long-running fight with so-called holdout bondholders, and assured the country will not pay an amount exceeding the one set in the debt-swaps.
President Dilma Rousseff said on Wednesday that Brazil must cut its high business costs to become more competitive and vowed to keep inflation in check. The leader anticipated that 2013 will be a year of major infrastructure investments in roads, railways, ports and airports to try to stop bottlenecks from holding the economy back.
Two-digit inflation in Argentina has reached 90 consecutive months, according to economist Carlos Melconian who added that since 2001 the prices’ increase in the country has averaged 500%.
Brazil’s inflation will slow in the second half of the year as the country produces a bumper crop of grains and the Real doesn’t weaken as it did last year, central bank President Alexandre Tombini said.
In an advance of the coming 43rd OAS General Assembly to be held in Antigua, Guatemala next June the country’s Foreign Affairs minister Luis Fernando Carrera Castro presented before the OAS Permanent Council an issue that is gaining support in the continent, “Alternative Strategies for Combating Drugs”.
World stock markets and southern European government bonds sank on Tuesday on fears that political stalemate in Italy would leave its economic reforms in tatters and reignite the Euro zone's broader debt crisis.