The average regional urban unemployment rate could drop by up to 0.2 percentage points to stand between 6.4% and 6.2% in 2013, the lowest rate in recent decades, according to a new report from the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO).
As from 2016 the British Overseas Territory of St Helena in the mid Atlantic will have regular flight connections when the island’s first airport opens which opens a magnificent opportunity for promoting tourism and for Saints living overseas to visit their homeland.
YPF the oil company seized by Argentina’s government last year has lost an arbitration case with a Brazilian company that may cost as much as 1.6 billion dollars in indemnity payments. There was an immediate reaction and YPF shares lost the most among Argentina’s major stocks, 3.6%.
Uruguayan president Jose Mujica currently in Beijing on an official visit, underlined the significance of China in trade and investments fro South America, but also admitted there is some ‘fear’ mainly from Argentina and Brazil about a greater integration and dependency from the Asian giant.
Paraguayan Foreign minister Jose Fernandez Estigarribia said on Monday that so far Asuncion has not received any invitation from Mercosur to attend the coming summit at the end of June, and there haven’t been any talks about the issue. Last week the Argentine ambassador in Uruguay Dante Dovena had anticipated that Paraguay would be attending the Mercosur summit.
Catholic News Agency reports that the serious food shortage in Venezuela could lead to a lack of wine and hosts for the celebration of Mass. Reporter Macky Arenas Arenas explained that the shortage in the country is due to “the lack of raw materials.”
An Argentine investigative journalist program on alleged corruption involving former president Nestor Kirchner and his business cronies had a greater audience than a football match of Boca Juniors, the country’s most popular team disputing the Argentine premier league.
Brazil posted another hefty current account deficit in April as its traditional trade surplus has turned into a deficit this year and foreign companies are repatriating more of their profits, according to central bank data.
Chilean authorities have fined the world's largest gold mining company, Barrick Gold Corp, more than 16 million dollars for environmental offences. Construction at the Pascua-Lama mine, on the border with Argentina, has been suspended until a system to contain contaminated water is put in place.
“The Malvinas Islands are not only Argentine, they are Latinamerica”, said Ecuadorian president Rafael Correa who claimed it was time to put an end to the ‘colonial situation’ of the disputed Islands in the South Atlantic and blasted the Organization of American States, OAS for dragging its feet on this and other crucial issues for the continent.