Stories for April 2014

Wednesday, April 30th 2014 - 09:27 UTC

Rio's Olympics preparations “plagued with delays”; city full of “social issues”

Coates described preparations as “the worst I have experienced” and “worse than Athens”

International Olympic Committee (IOC) vice president John Coates has called Brazil's preparations for the 2016 Rio Games “the worst” in his experience and critically behind schedule, but warned there was no “plan B” to find another host.

Wednesday, April 30th 2014 - 09:22 UTC

Argentina and Brazil agree to further integrate and prop their auto industries

Guido Mantega met Axel Kicillof

Argentina and Brazilian officials agreed to continue meeting regularly to solve as soon as possible bilateral trade problems mainly those referred to the auto industry. On Tuesday Argentine Finance minister Axel Kicillof and Industry minister Deborah Giorgi met their Brazilian counterparts, Guido Mantega and Mauro Borges in Brasilia.

Wednesday, April 30th 2014 - 09:18 UTC

Argentina's top auto industry leader calls for new markets and lower costs

“Manufacturing in Argentina depends on Brazil”, said Fiat CEO Cristiano Rattazzi

One of Argentina's main industry leaders Fiat Argentina CEO Cristiano Rattazi denied the existence of a “serious situation” in the automobile industry, “so far” and pointed out the need to “seek new markets” to reverse current downward trends in car manufacturing.

Wednesday, April 30th 2014 - 09:14 UTC

Latam and Caribbean forecasted to expand 2.7% on average this year

China and lower commodities' prices will have an impact

Latin American and Caribbean countries are estimated to grow an average 2.7% in 2014 as the region's main economies have limited dynamism according to ECLAC's Updated Economic Review of Latam and the Caribbean 2013, released on Tuesday.

Wednesday, April 30th 2014 - 09:03 UTC

Malvinas next of kin ceremony to remember the sinking of 'General Belgrano'

The sinking of the old cruiser was Argentina's greatest single loss of lives in the conflict

The Malvinas and South Atlantic Islands next of kin commission and the Cruiser “General Belgrano-last crew” association will be honoring next Friday 2 May the 323 crew members of the Argentine man-of-war sunk during the Falklands/Malvinas conflict in 1982.

Wednesday, April 30th 2014 - 08:57 UTC

Poverty in Argentina stands at 27.5% of population, says Catholic University

The UCA report admits that rates dropped in 2010 and 2011, but have since increased

Poverty and indigence in Argentina in the last quarter of 2013 again increased and reached 27,5% of the population and 17.8% of households, according to the latest report from the Catholic University Social Debt Observatory, UCA.

Wednesday, April 30th 2014 - 03:49 UTC

Holdout hedge funds admit they prefer to negotiate with whoever succeeds Cristina Fernandez

Paul Singer also described the team of Finance minister Kicillof as “inexperienced”

Elliot Management Hedge Fund claimed on Tuesday that President Cristina Fernández administration refuses to negotiate a solution over Argentine debt in default, stating that they would prefer to seek a solution with the head of state's successor in 2015.

Wednesday, April 30th 2014 - 03:22 UTC

Argentina's “Blue Pampa” project to research and develop South Atlantic resources

South Georgia waters is one of the targets as well as Antarctic waters

The recently launched “Blue Pampa” project is a ten-year 'strategic initiative' with the purpose of researching South Atlantic resources in five different areas to ensure conservation and management, plus reinforce Argentine sovereignty with inter-disciplinary campaigns and inter-ministerial support, according to Argentina's Science, Technology and Productive Innovation ministry.

Tuesday, April 29th 2014 - 21:24 UTC

IATA calls on Venezuela to honor payment of airline funds, totaling 3.9bn

“Failure to release airline monies puts at risk the Venezuelan economy sustainable air connectivity”, said CEO Tyler

The International Air Transport Association (IATA) called on the Venezuelan government urgently to honor its commitment made in March to permit the repatriation of 3.9 billion dollars of airline funds at fair exchange rates. The funds are from sales of airline tickets in Venezuela and are being held in contravention of international treaties.

Tuesday, April 29th 2014 - 06:37 UTC

Brazilian coalition members want 'Lula back' for October's election

The former president has said he won't be running for any elective post

At least twenty members of Brazil's Lower House belonging to the ruling coalition have formally asked for the return of former president Lula da Silva as candidate for next October's election given 'the current economic situation of the country', which in practical terms means dumping Dilma Rousseff's re-election pretensions.

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