Latin America

• Tuesday, March 5th 2013 - 05:29 UTC

  February inflation in Uruguay again above target: 8.89% in the last twelve months

  

  The Consumer Price Index, CPI, in Uruguay climbed 0.99% during February, accumulating 2.91% in the first two months of the year, and 8.89% in the last twelve months, far above the government’s target of 4% to 6%, according to the National Institute of Statistics, INE Monday release.

• Tuesday, March 5th 2013 - 05:18 UTC

  Brazil’s “competitiveness cliff” and commodities dependency exposed in World Bank report

  

  Brazil is not only the biggest country in Latinamerica but also has the largest economy and expects to play a leading role in the global economy in the near future, however a report from the World Bank is not so enthusiastic and points out to a series of challenges the country must address if it wishes to effectively become a super star.

• Monday, March 4th 2013 - 06:48 UTC

  Brazil opens naval shipyard to build conventional submarines and eventually a nuclear powered one

  

  Brazil advanced toward its target of joining the small club of nations that have nuclear-powered submarines with the opening of a naval shipyard installation that will build French-designed submarines.

• Monday, March 4th 2013 - 06:18 UTC

  Mexico’s Peña Nieto trying to change the reputation of the powerful PRI

  

  Mexican President Enrique Peña Nieto sounded a warning shot to his ruling party over corruption, saying no one is above the law as he tries to tackle the graft that has blighted its reputation in the past.

• Monday, March 4th 2013 - 06:15 UTC

  Bolivian president Morales confirms Chavez suffering from relapses

  

  Bolivian president, Evo Morales, says his Venezuelan counterpart, Hugo Rafael Chávez Frías, is in stable conditions but still suffering from relapses in his recovery from a fourth round of surgery for cancer. Morales couldn't meet with Chavez but said doctors and relatives of Chávez informed him about his current condition.

• Monday, March 4th 2013 - 05:34 UTC

  C24 president insists Falklands dispute is over sovereignty, not self determination

  

  The UN Decolonisation Committee has not received any further requests on the Falklands/Malvinas issue, and “there is no such procedure as self-determination regarding the Islands dispute”, according to the C24 president Diego Morejón Pazmiño, standing Ecuadorean ambassador before the UN.

• Saturday, March 2nd 2013 - 08:18 UTC

  Opposition accuses Venezuelan government of lying about President Chavez condition

  

  Opposition leader Henrique Capriles accused Venezuela’s government on Friday of repeatedly lying about President Hugo Chavez’s condition, and said the truth will be known within days.

• Saturday, March 2nd 2013 - 08:12 UTC

  Brazilian economy worst performance in three years; in 2012 growth was 0.9%

  

  The Brazilian economy grew a mere 0.9% in 2012 despite government stimulus measures, its worst performance in three years, official statistics showed Friday. But prospects for the coming years are considered encouraging given the international events to be hosted by Brazil and the electoral calendar.

• Friday, March 1st 2013 - 00:17 UTC

  Relations with Cristina Fernandez are “an impossible mission”, admits Mujica

  

  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”.

• Friday, March 1st 2013 - 00:11 UTC

  World's richest man says Argentina is great and predictable: “you can never get hold of dollars”

  

  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.