Mercosur

Tuesday, August 27th 2013 - 01:39 UTC
Paraguayan president plans round of visits to Mercosur neighbours

Paraguayan president Horacio Cartes will be making a round of visits to neighbouring countries beginning with Argentina, which will be followed by Brazil, Uruguay and Chile before the end of the year, revealed foreign ministry sources.
Friday, August 23rd 2013 - 23:22 UTC
Falklands reviewing tax returns from oil industry but confident ‘an acceptable outcome can be reached’

The Falkland Islands government is reviewing a tax return submitted by one of the oil companies currently operating off-shore the Islands and is confident a mutually acceptable outcome can be reached.
Friday, August 23rd 2013 - 23:18 UTC
Falklands’ lawmaker begins round of contacts in Brazil’s main cities

Falkland Islands lawmaker Dick Sawle is expected next week in Brazil where he will be meeting representatives from the business community, students’ organizations and share lunch with a group of members of Congress, announced British ambassador in Brasilia Alex Ellis.
Friday, August 23rd 2013 - 23:12 UTC
Falklands’ oil companies banned 20 years from operating in Argentina by Cristina Fernandez

Four London AIM listed oil companies carrying out exploration work in Falkland Islands waters have been barred from operating in Argentina. The measure affects Borders & Southern Petroleum, Desire Petroleum, Argos Resources and Falkland Oil and Gas.
Friday, August 23rd 2013 - 03:47 UTC
Uruguay closer to ALBA than to the Pacific Alliance says foreign minister

Uruguay is closer to joining the Bolivarian alliance for the Americas, (ALBA) than the Pacific Alliance said Uruguayan foreign minister Luis Almagro to a packed audience with government officials, local businesspeople and diplomats. He also argued that the ‘tail wind’ that has been so favourable for Latinamerica ‘was over two years ago”.
Thursday, August 22nd 2013 - 23:45 UTC
Falklands’ lawmakers thank Cristina Fernandez for helping get the Islanders' message to the world

Falkland Islands lawmakers at their final assembly on Thursday thanked Argentine President Cristina Fernandez for her, undoubtedly unintended assistance in getting the Falklands story publicized world-wide and in repeated headlines, reported the latest edition of the Penguin News in its front page.
Thursday, August 22nd 2013 - 23:43 UTC
China will build and finance two dams in Patagonia equivalent to 10% of Argentine power demand

Argentina's government this week awarded a 4 billion dollars contract for the construction of two hydroelectric dams to a consortium led by China Gezhouba (Group) Co. and which includes Argentine firms Electroingenieria SA and Hidrocuyo SA.
Thursday, August 22nd 2013 - 23:40 UTC
Brazil fuel prices remain unchanged for now…despite growing losses of Petrobras

Brazil's President Dilma Rousseff has not yet discussed raising gasoline and diesel prices to support state-run oil producer Petrobras, said her spokesperson in response to local media reports on Thursday.
Thursday, August 22nd 2013 - 23:37 UTC
A ‘sustainable’ exchange rate for Brazil is 2.2 to 2.35 Reais to the US dollar

Brazil's development bank BNDES chief Luciano Coutinho said on Thursday that a “sustainable” exchange rate for the country would be between 2.2 and 2.35 Reais to the US dollar, which is currently trading at around 2.44.
Thursday, August 22nd 2013 - 23:24 UTC
Brazil launches 60bn dollars currency-intervention program to boost the sliding Real

Brazil's central bank announced a currency-intervention program on Thursday that will provide 60 billion dollars worth of cash and insurance to the foreign-exchange market by year-end, a move aimed at bolstering the country's currency, the Real which has slipped to near five-year lows against the dollar.