Latin America

Latin America
Tuesday, September 16th 2014 - 05:20 UTC

Santander new chairwoman confirms full control of the Brazil branch

Ana Botin, told shareholders at an extraordinary meeting she would defend the legacy of her father Emilio Botín at the helm of the Euro zone's biggest bank.

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.

Monday, September 15th 2014 - 05:07 UTC

Free fall for Cristina Fernandez with record negative image and support

The Argentine leader in October 2011 was re-elected with 54% of ballots; now only 26.5% support her

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.

Saturday, September 13th 2014 - 05:13 UTC

Venezuela quietly working to ensure a seat at the UN Security Council

When Chavez last tried for a seat in 2006, the United States succeeded in torpedoing his campaign. This year, Washington has been mum.

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.

Friday, September 12th 2014 - 06:40 UTC

Chile's military coup anniversary exposes a divided country

“In democracy, Chile has not lost its memory and has not forgotten its persecuted, executed and missing arrested children,” said Bachelet

“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.

Friday, September 12th 2014 - 06:28 UTC

Argentina's situation “will not develop into a regional financial crisis”, says UNCTAD

The UN office criticized the legal obstacles Argentina has faced in servicing its restructured debt obligations.

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.”

Friday, September 12th 2014 - 06:19 UTC

OAS recalls tragic events of 09/11 in Chile and United States

In September 1973, Chilean armed forces took over the country in a bloody coup. Under Pinochet the dictatorship lasted until 1990

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.”

Thursday, September 11th 2014 - 04:30 UTC

Despite all the negative economic data, Argentina's stock market has almost doubled this year

Much of the money flowing into Argentina's Merval this year has come from wealthy Latin American investors

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.

Wednesday, September 10th 2014 - 07:35 UTC

Caribbean nations beaches disappearing because o rising sea level and recurring storms

The World Bank said beaches are not the only concern, stating that Caribbean ports and the capital are also at risk from rising sea levels.

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.

Wednesday, September 10th 2014 - 07:22 UTC

Cuba restricts personal importation of foreign goods, “to curb abuses”

According to the list, for example, 22 pounds of detergent will be allowed instead of 44; one set of hand tools instead of two; and 24 bras instead of 48.

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.

Tuesday, September 9th 2014 - 04:57 UTC

Opposition parties five points ahead of Uruguay's ruling coalition for October election

The Broad Front and Vazquez managed to contain erosion and actually recovered a point

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.

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