Politics

Saturday, August 11th 2012 - 11:45 UTC
Uruguay will continue with Mercosur but is also interested in the Pacific alliance

Uruguay will continue “to look after” Mercosur in spite of the strong diplomatic discrepancies with Argentina, but will also continue with an interest in participating in other trade blocks of the region, said President Jose Mujica.
Saturday, August 11th 2012 - 11:38 UTC
Peru will host leaders’ summit of Arab and South America countries in October

Peru will be hosting next October the III Summit of heads of state and government from South America and Arab nations which is expected to bring together 32 countries, according to Deputy Foreign Affairs minister Jose Beraún.
Saturday, August 11th 2012 - 11:26 UTC
“Two tough years” ahead for Uruguayan construction and real estate

The Uruguayan construction industry faces tough years ahead because of the international crisis and its effects on neighbouring Argentina, forecasted economist Jorge Caumont who is also an advisor of several real estate agents.
Saturday, August 11th 2012 - 10:49 UTC
Argentina applies tax hike on bio-diesel exports and lowers price for local market

Argentina tightened its grip on the country's energy sector on Friday by ordering a tax hike on bio-diesel exports, a move it said was needed to make domestic fuel prices more affordable, but denied market rumours that it will increase a soybean export tax.
Saturday, August 11th 2012 - 10:45 UTC
Official (fantasy) inflation in Argentina 0.8% in July and 9.9% last 12 months

Official consumer inflation in Argentina reached 0.8% in July accumulating 9.9% in the last twelve months and 5.9% in the first seven months of the year, according to the Indec statistics bureau.
Saturday, August 11th 2012 - 10:28 UTC
“Amazonas”, first of three ocean patrol vessels built for Brazil leaves UK

Amazonas, the first of three BAE Systems built Ocean Patrol Vessels being delivered the Brazilian Navy, departed the UK for Rio de Janeiro this week after her crew completed a rigorous program of Flag Officer Sea Training with the Royal Navy off the South coast of England
Saturday, August 11th 2012 - 10:04 UTC
Paraguay sounding the possibility of joining the Pacific Group

Paraguay is sounding the recently created Pacific Block made up of Colombia, Peru, Chile and Mexico with the possibility of considering applying to join it, revealed the country’s Foreign affairs minister Jose Fernandez Estigarribia.
Saturday, August 11th 2012 - 06:52 UTC
Buenos Aires City subway strike enters eighth day; Macri blames Cristina

Buenos Aires subway splinter workers union announced Friday evening that they failed to reach an agreement with licensee company Metrovías and that the strike will continue for another 24 hours.
Friday, August 10th 2012 - 22:42 UTC
Falklands’ Argentine cemetery investigation extends to the UK and Malvinas families

The investigation into the vandalized hermitage at the Argentine Cemetery in the Falklands has seen the local police investigation extend to the UK and Argentina. Forensic material has been sent to Britain and Falklands’ police have requested the Malvinas Families Commission to help identify the origin of a Spanish Bible with a message signed by a “Viviana” found inside the attacked shrine.
Friday, August 10th 2012 - 22:28 UTC
Mexico Ousts Brazil as Investors’ Top Choice in Latin America

Due to increasing economic stability and a growing population, Brazil is now widely considered an economic powerhouse capable of maintaining and attracting foreign direct investments.(1)(2) However, recent corruption schemes, changes in monetary policy, and the ongoing 2008 global financial crisis have undermined Brazil’s shining reputation. In light of Brazil’s governmental intervention, the number of state-controlled enterprises, the growing debt-to-GDP in the private sector, and inflation rates, investors have begun to turn their attention to other economies in Latin America, especially Mexico.(3)