Stories for December 7th 2011

Wednesday, December 7th 2011 - 22:17 UTC

Canada launches Ministerial Dialogue for greater engagement with the Americas

Diane Ablonczy interested in economic trends in the region

The Canadian government launched on Wednesday the First Ministerial Dialogue on the Americas with more than a hundred representatives from the private sector, academia, think tanks, civil society organizations and government.

Wednesday, December 7th 2011 - 22:14 UTC

China will target trade with Latam in 2012 to compensate drop with EU and US

The Chinese economy is highly dependent on exports

China will attempt to counterbalance the drop in exports to the European Union and the United States concentrating in emerging markets such as Latin America and Asia, said on Wednesday Wang Shouwen, head of International Trade from the Beijing Ministry of Trade.

Wednesday, December 7th 2011 - 22:11 UTC

China and Bolivia agree on closer military cooperation and high level exchanges

Pacheco and Xu Caihou during their meeting in Beijing

China and Bolivia have agreed to strengthen military relations which are a continuation of the “excellent links in other fields”, according to an official press release in Beijing

Wednesday, December 7th 2011 - 22:06 UTC

Economics Nobel Prize winner predicted ten years ago Euro lack of “clear fiscal backing”

Christopher Sims 2002 paper was “The precarious fiscal foundations of EMU”

The winner of the Nobel Prize in economics says that a decade ago he feared the Euro would face problems because there wasn't enough fiscal coordination between countries to support it.

Wednesday, December 7th 2011 - 22:03 UTC

Wing of Peru’s terrorist group Shinning Path admits defeat and wants peace talks

Abimael Guzman, leader of the group has been sentenced to life and is locked up in a high security compound

”Comrade Artemio” head of one of the two remnant groups of the Peruvian armed terrorist Shinning Path movement admitted defeat and called on the government in Lima to begin a dialogue process to reach a peace accord.

Wednesday, December 7th 2011 - 18:57 UTC

UK plans a huge South Atlantic marine protection zone in South Georgia

Grytviken, the old whaling station and where British polar explorer Shackleton is buried

The UK is planning a huge marine protection zone near the Falkland Islands in the South Atlantic Ocean, in an area that is also claimed by Argentina, a British official said on Wednesday.

Wednesday, December 7th 2011 - 17:51 UTC

EU cuts Argentina, Brazil, Chile and Uruguay from development aid

Commissioner Andris Piebalgs, “we must focus on the poorest countries”

The European Commission decided to cut aid from its 2014-2020 budget to 19 emerging economies including Brazil, Argentina, Uruguay and seven other Latin American countries, the EU development commissioner Andris Piebalgs said on Wednesday.

Wednesday, December 7th 2011 - 08:30 UTC

Santander sells Colombia’s affiliate to a Chilean bank

 The Spanish group needs the funds to counter European operations

Banco Santander SA said late Tuesday it has agreed to sell all of its units in Colombia, including Banco Santander Colombia, to Chilean CorpBanca as part of its efforts to collect fund to comply with European regulators.

Wednesday, December 7th 2011 - 06:00 UTC

Colombia takes to the streets to demand “Freedom and NO more FARC”

Marchers calling for an end to violence and kidnapping

Thousands of Colombians on Tuesday joined demonstrations demanding that the country's oldest guerrilla group, the FARC, free all its hostages, ten days after rebels murdered four men who had been held for more than a decade.The FARC responded with a promise, posted on its webpage, to release hostages.

Wednesday, December 7th 2011 - 05:54 UTC

In the best Kirchner style: the new cabinet is more continuity than change

Cristina Fernandez keeps to the rules experience has shown her they work

Under the heading of “More continuity than change”, Argentine political analyst Rosendo Fraga describes the incoming cabinet of re-elected president Cristina Fernandez as something very much in the style of the Kirchner.

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