Foreign minister Luis Almagro announced that Uruguay will work for a free trade agreement between Mercosur and Canada during the first half of the year when Uruguay holds the chair of the South American group that also includes Argentina, Brazil, Paraguay and Venezuela.
Colombia announced that it produced an average of 1.01 million barrels of oil per day in January, marking the first time that average crude output for a month surpassed the one million-barrel mark that the government had set as a target for the country's oil industry.
A campaign rally for Ecuador's president Rafael Correa turned deadly Monday night when a man stabbed and killed two people, state media reported. At least four others were injured at the event that President Correa was expected to arrive at moments later, the state news agency ANDES said.
Uruguay’s budget fiscal deficit soared to 1.35 billion dollars or 2.8% of GDP last year, the highest since 2003, propped by energy costs, extraordinary one time payments and support for the recently implemented national health scheme, according to a release from the Ministry of Economy.
The Falkland Islands government said on Friday it deeply regrets that Argentine Foreign Minister Hector Timerman refused to meet with lawmakers from the Islands and Foreign Secretary William Hague, next week when he travels to London.
Peru, Chile, Paraguay and Bolivia area among the South American countries best prepared in the event of another global crisis while Venezuela stands at the opposite end with ‘weakened’ defences, according to the latest report released by the IMF.
The outlook for Southern Cone Banks is mixed in 2013, with a stable outlook for Chile and Uruguay, while Argentina faces a negative outlook and the potential for downgrades, according to a new Fitch Ratings report.
The cost of crimes against property and people in Uruguay in 2010 totaled at least 1.2 billion dollars, which was equivalent to 3.1% of the country’s GDP. This was the conclusion of a new study carried out at the country’s Economic Research Center by researchers Aboal Diego, Jorge Campanella, and Bibiana Lanzilotta, with the collaboration of Magdalena Dominguez and Maren Vairo.
Argentine Foreign Minister Héctor Timerman turned down an invitation by his British counterpart William Hague to take part in a meeting in London with representatives of the Falklands/Malvinas Islands government, assuring that “the international community does not accept the involvement of a third party” in the sovereignty issue.
Two elected members of the Falkland Islands’ Legislative Assembly will be travelling to London this weekend to be available to take part in any discussions regarding the Islands when Argentine Foreign minister Hector Timerman meets with Foreign Secretary William Hague, according to a release from Gilbert House, Stanley.