Latin America
Latin AmericaPenn calls for Dakar rally to cancel Bolivia unless a US citizen is released
Actor and humanitarian Sean Penn called for the Dakar Rally to cancel its debut run in Bolivia unless an ailing American businessman being held under house arrest there is released. Penn, a friend of President Evo Morales has angered Bolivian authorities with his request.
Argentina Judicial Reform: A Farewell to thee Rule of Law and the Separation of Powers.
By Rodolfo Arrate (*) - The Argentine poet Jorge Luis Borges famously declared: “Democracy is an abuse of statistics”. Observing the evolution of the political regime in Argentina nowadays, the poet’s sentence may well have turned into a prophecy.
China/Latam trade expanded 8% in 2012 and region’s deficit jumped to 6.6bn
Latin America's trade deficit with China jumped to 6.6 billion dollars last year from only 150 million in 2011, according to an analysis by online publication Latinvex based on new data from the IMF. Total trade between China and Latin America grew 8% last year to 255.5bn which means the region’s trade with China is growing faster than with the United States, 6.2%.
Uruguay: Mujica on a most ambitious mission to China after investments for ports and railways
Uruguayan President Jose Mujica begins on Wednesday the longest and most ambitious of his overseas trips hoping to convince China to invest in infrastructure projects that are crucial for the development of the country and its foreign trade: a deep water port and recovering the rail cargo network.
Uruguay joins the women’s presidential club: Mujica flies to China and Astori to Colombia
For several days beginning Wednesday Uruguay, as its neighbours, Brazil and Argentina will be ruled by a woman. Lucia Topolansky, Fist Lady but also Senator and third in the succession line will become interim president since her husband is off on an official trip to China and Europe, and Vice-president Danilo Astori will be attending the Alliance of the Pacific summit in Colombia.
Uruguay’s main problem is high inflation but no policy changes planned, says Astori
Uruguay's main economic problem is high inflation, and policymakers will continue to use interest rates and bank reserve requirements to bring it under control, Vice President Danilo Astori said on Tuesday. Consumer prices in Uruguay rose 8.14% in the 12 months through April, far outside the country's official annual target range of 4 to 6%.
Alliance of the Pacific promotes meeting with business and finance global leaders
A meeting of leading world and regional business and finance corporations representatives is scheduled parallel to the Alliance of the Pacific presidential summit scheduled for this week in the Colombia city of Cali. According to the organizers the event has 250 CEO confirmed for the First Business meeting of the alliance.
Venezuelan opposition airs conspiracy recordings against Maduro from his own party
The Venezuelan opposition has released an audio recording that it said contains a prominent member of the ruling party discussing political strategy with a Cuban intelligence officer. Opposition lawmaker Ismael García said the recording captures a phone conversation between state TV personality Mario Silva, a staunch government ally, and a Cuban identified as Lieutenant Colonel Aramis Palacios.
Chile ranked third as most attractive country for copper mining investments
Chile is the third most attractive country for copper mining investments behind Canada and Australia according to a report from the Chilean Copper Committee, Cochilco that includes fifteen leading countries in the industry and was released this week by Mining minister Hernan de Solminihac in Santiago.
Massive money easing in rich countries making Latam currencies too strong
Currency strength due to stimulus measures in the developed world is currently Latin America's Achilles' heel, though the region's macroeconomic management is a bright spot, the head of the United Nations' body for the region said on Monday.
