The seventh round of Mercosur/EU trade negotiations held in Montevideo ended with “progress in some areas at regulation and norms levels” and with the commitment of exchanging proposals in mid 2012, according to Joao Aguiar Machado head of the EU team.
A large majority of banks in Latin America and the Caribbean consider small and medium-sized enterprise (SME) as a strategic part of their business and are upbeat about expanding their business to this sector in the next two years, according to the Latin American Banking Federation, Feleban.
Mexican remittances rose at the fastest pace in five years in September as immigrant workers took advantage of the Peso’s decline to send more money to relatives, according to the Mexican Central bank.
Uruguay has become a net creditor of the International Monetary Fund and given this condition has helped in the bailing out of such countries as Ireland and Angola, revealed a top authority of the Central Bank during a hearing before the country’s Senate’s Finance Committee.
The Iguazú Falls located on the border of Argentina and Brazi and consisting of approximately 257 individual falls over 2.7 kilometres were chosen as one of the new natural seven wonders of the world in a contest in which thousands of people voted via text messages, by phone and online. The result will be made official in 2012 with a big celebration.
The Secretary-General of the Ibero-American Secretariat Enrique Iglesias, warned Thursday that the EU crisis could reach as far as Asia and Latin America, and that preventive measures should be taken.
Buenos Aires City two main air terminals, Ezeiza and Aeroparque faced on Thursday disruptions and flight complications because of the presence of the ash cloud from the Chilean Puyehue volcano, affecting particularly Patagonia to the south of Argentina and links with Santiago de Chile.
Uruguay is the best place to live in Latin America according to the Legatum Institute fourth year index on quality of life conditions which ranks 110 countries world wide representing 90% of world population and 97% of the global economy.
The Unasur Defence Council is scheduled to meet Thursday and Friday in Peru to address an action plan for 2012, which once approved will help estimate and compare in a more compatible way military expenditure.
Consumer price inflation in Chile accelerated for the third straight month in October, data released by the National Institute of Statistics showed Tuesday.