Latin AmericaLatin America
South Korea's Hyundai-Byucksan consortium started construction of a bridge 1,440 meters long in eastern Bolivia, a span that will be the country's longest and will require an investment of 49.9 million dollars, some of which will come from a loan from Seoul.
New York district judge Thomas Griesa declared on Monday Argentina in contempt of court, due to the country's actions in attempting to change debt jurisdictions as a result of the ongoing judicial conflict with holdout investors presided over by the US magistrate.
Finland's UPM, one of the largest forestry groups in the world, does not intend for the moment to build any new pulp mills in Uruguay, said Jaakko Sarantola, vice president of the cellulose division of the company, who also pointed out that Uruguay needs to improve infrastructure to facilitate logistics.
By Arturo Porzecanski of American University (*) - Jose Antonio Ocampo, a former United Nations official and co-president with Prof. Joseph Stiglitz of Columbia University’s Initiative for Policy Dialogue, which promotes the adoption of heterodox economic policies in developing countries, recently wrote a guest post welcoming a UN General Assembly resolution calling for the launch of negotiations on a multilateral framework for sovereign debt restructuring.
Colombian legal tribunal has ordered 11 companies to halt gold-mining operations in a 50,000-hectare reserve in the northwest of the country and return the land to the native tribe that previously lived there.
Colombia's government and Marxist inspired FARC rebels have released copies of previously unpublished agreements reached at peace talks to end five decades of war, providing a glimpse of accords that could make up a final deal.
Argentina tightens security on all air flights: requested info must be delivered 72 hours before take off
The Argentine government announced that airlines for both commercial and non commercial flights will be required to deliver further information of its passengers to the National Migrations Office, the AFIP tax bureau, Airport Police and Civil Aviation National Administration (ANAC).
Argentine President Cristina Fernández accused holdout investors of committing economic terrorism and reiterated her wish for a multi-lateral framework to regulate sovereign debt, during her speech before the United Nations 69th General Assembly on Wednesday.
New York district judge Thomas Griesa has asked Argentina to show cause and explain why the country should not be declared in contempt, following its decision not to pay holdout investors full amount for their defaulted bonds as the judge’s ruling ordered on August 8.
Argentine Cabinet Chief Jorge Capitanich on Wednesday lashed out at Germany's finance minister, denouncing Berlin's hostile attitude toward Argentina's debt restructuring effort. He added that Germany had always had a hostile attitude toward Argentina from an economic and financial point of view.