
The Argentine foreign exchange clamp has reached the outgoing tourism industry which to have access to Central bank US dollars for the trip, must now report each ticket or package sale plus the overseas services contracted according to the latest resolution.

Official inflation in Argentina reached 0.9% in September against August, accumulating 7.8% in the first nine months of this year and 10% in the year, according to the Indec national statistics bureau.

The European Union won the Nobel Peace Prize on Friday for promoting peace, democracy and human rights over six decades in an award seen as a morale boost as the bloc struggles to resolve its economic crisis.

By an overwhelming majority, 36 to 1 and eight absences, the Paraguayan Senate rejected the Unasur Commitment with Democracy Additional Protocol considering it contrary to the sovereign interests of the country and which was the argument used by the regional organization to sanction and suspend Paraguay.

Paraguay is involved in low key negotiations with the region to find a way for the quick return of the country to Unasur and Mercosur, and Chile and Colombia are playing crucial roles in such discussions, according to media reports from Asuncion.

A socio-economic impact study on the effects of an oil development project on the Falkland Islands did not reveal any, “major new concerns which had previously escaped attention Director of Mineral Resources Stephen Luxton told Penguin News this week.

In a well illustrated piece the Daily Mail writes about the Falklands’ tourism industry and future prospects, including air links to the South Atlantic Islands, over which Argentina claims sovereignty.

The Uruguayan government has signed offshore exploration and production deals with British oil firms BG Group, BP plc, Ireland’s Tullow Oil and France's Total. The companies awarded 30-year concession contracts in April for the eight oil blocks - three each for BG and BP and one each for Tullow and Total - have committed to investing a total of roughly 1.56 billion dollars.

The Global Editors Network (GEN) called on the world’s media to focus attention on a press freedom crisis in Argentina where independent journalism is facing a major threat on 7 December 2012, the day announced by the government for the break-up of the Clarin Group, the country’s main independent media organization.

Prominent Chinese dissident Wei Jingsheng on Thursday criticized the awarding of the Nobel literature prize to officially tolerated author Mo Yan, saying the move was meant to please Beijing.