Latin AmericaLatin America
Spanish banking giant Santander under its new executive chairperson Ana Botin announced on Monday the purchase of the remaining 25% of Banco Santander Brasil which it did not already own.
The negative image of Argentine president Cristina Fernandez climbed this month to 43.8%, the highest since last May, according to the latest release of the Management & Fit public opinion polls, published in the Buenos Aires media.
Venezuela’s populist government has quietly secured the backing of Latin America and the Caribbean to obtain a diplomatic trophy that long eluded the late Hugo Chavez: a seat on the United Nations Security Council.
In Chile there's no room, and there can be no room, for violence or fear, President Michelle Bachelet said Thursday at a ceremony commemorating the 41st anniversary of the 1973 military coup and several days after a bomb blast injured 14 people in this capital. The 17-year military dictatorship remains controversial and a rift in Chilean society.
United Nations Conference on Trade and Development (UNCTAD) said that while Argentina was facing potential financial instability, its solvency and the sound macroeconomic fundamentals in other countries of the region “should prevent the shock from developing into a regional financial crisis.”
The Secretary General of the Organization of American States (OAS), José Miguel Insulza recalled on Thursday the tragic events that occurred on September 11, in Chile and the United States, in 1973 and 2001, and called on the international community “to observe tolerance and to respect diversity at a time when the world is shaken once more by violence.”
Despite all the negative news on government restrictions imposed on the Argentine economy and the shortage of hard currency, the country's Merval Index has skyrocketed almost 100% this year, the highest of any stock market in the world. It includes many of the largest companies in the country such as Telecom Argentina and Energy Petrobras, along with banks and a steel maker.
The World Bank says due to rising sea levels and recurring storms, the beaches in most Caribbean nations have started to disappear. In a new report, the Washington-based financial institution said, in some areas of St. Vincent and the Grenadines, for instance, an estimated 18-30 meters of beach have been lost over the last nine years.
Cuba has implemented new rules that will restrict the personal importation of foreign goods into the country except where locally made items are expensive and scarce.
With less than fifty days to national elections when Uruguayans will vote for president and a new parliament (26 October), public opinion polls indicate that the ruling coalition until a few months ago the undisputed winner, faces a runoff and whoever wins will have to rule with a divided legislative.