Latin America

Saturday, February 9th 2013 - 09:16 UTC
India signs ambitious mining agreement with Uruguay

India has shown great interest in mining iron ore, granite, gold and diamond in Uruguay and has entered into a deal for exploring and encouraging investment opportunities in the mining sector, according to Indian sources visiting Uruguay.
Friday, February 8th 2013 - 06:51 UTC
“No big deal with inflation, I grew up in a country with 70%/80% inflation”

Two contrasting views have surfaced in the Uruguayan government regarding inflation which has been steadily climbing and seems so far immune to monetary tools, but is now the second highest in the region behind Argentina.
Friday, February 8th 2013 - 05:13 UTC
Economic activity in Chile expanded 4.7% in December and 5.5% in the twelve months

Economic activity in Chile grew 4.7% in December from the year earlier on gains in the service and retail industries, and ended the twelve months of 2012 with an expansion of 5.5% over the previous year according to Central bank data.
Wednesday, February 6th 2013 - 21:53 UTC
Uruguay promotes a free trade agreement of Mercosur with Canada

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.
Tuesday, February 5th 2013 - 20:51 UTC
Colombia reaches sustained production of over a million barrels of oil per day

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.
Tuesday, February 5th 2013 - 16:51 UTC
Ecuador: two killed in political rally; Correa leads comfortably re-re-election bid

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.
Friday, February 1st 2013 - 23:07 UTC
Uruguay’s budget deficit soars to 2.8% of GDP; Minister pleads for ‘austerity’

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.
Friday, February 1st 2013 - 20:13 UTC
Falklands regret Timerman attitude and calls on Argentina “to respect our rights”

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.
Friday, February 1st 2013 - 07:45 UTC
IMF: Peru, Chile, Paraguay and Bolivia, best prepared in the event of another global crisis

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.
Friday, February 1st 2013 - 07:38 UTC
Chile and Uruguay banks outlook for 2013 stable and negative for Argentina, says Fitch ratings

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.