Latin America

Latin America
Friday, April 11th 2014 - 04:45 UTC

Argentina and Chile prepare to celebrate 1984 peace and friendship treaty

Ministers Rossi and Burgos Varela made the announcement in Buenos Aires

Argentina and Chile defense ministers Agustín Rossi and Jorge Burgos Varela met in Buenos Aires 'to continue advancing and deepening' the bilateral relation, which this year will have a special celebration motive: the 30th anniversary of the Peace and Friendship treaty which definitively put an end to the Beagle Channel longstanding dispute.

Thursday, April 10th 2014 - 05:56 UTC

Argentine unions anticipate massive support and turnout for Thursday's national strike

“This is not a political strike; people feel abused, we want to talk with the President”, said Moyano

Argentina will witness on Thursday a new test of political clout and influence between the administration of Argentine president Cristina Fernandez and dissident organized labor, headed by teamster Hugo Moyano who has called for a national strike, anticipating it will have “a resounding massive support and turnout from the Argentine people”.

Thursday, April 10th 2014 - 05:37 UTC

China has become Latam's banker loaning 102bn dollars from 2005 to 2013

Venezuela's Maduro is the main debtor but pays with oil

China loaned 102 billion dollars to Latin America between 2005 and 2013, mainly to Venezuela and Argentina, while Mexico seems to be going the same way, according to a release from the Global Economic Governance Initiative which depends from the University of Boston.

Wednesday, April 9th 2014 - 07:29 UTC

IMF joins Argentine GDP linked bonds controversy involving potential payment of 3bn dollars

According to Minister Kicillof, with the new measurement methodology, but subject to future review, 2013 growth was 3%

The International Monetary Fund reported on Monday a steep deceleration of Argentina’s economic activity for 2014, in a context of “high uncertainty”, according to its latest World Economic Outlook released in Washington.

Wednesday, April 9th 2014 - 07:13 UTC

Lightning storms kill more than 60 cows in southern Chile

In one incident nine cows taken cover under a tree were killed and one blinded

Ranchers in southern Chile say a series of lightning strikes has killed more than 60 of their dairy cows, costing the cattle owners thousands of dollars. Torrential storms and lightning on Sunday spawned the strikes in south-central Chile.

Wednesday, April 9th 2014 - 06:30 UTC

Uruguay significantly stronger but still vulnerable to Argentina, says Fitch

Argentine FDI flows into Uruguay since 2007 has somewhat replaced the accumulation of deposits in Uruguayan banks

While Uruguay's current financial position is significantly stronger than in the early 2000s when its economy suffered from the effects of the Argentine crisis, a severe downturn in Argentina could still have an important impact on Uruguay's economy through a variety of transmission channels, according to a new special report published by Fitch Ratings.

Tuesday, April 8th 2014 - 22:20 UTC

Memorial unveiling to commemorate the Battle of the River Plate

HMS Ajax one of the three Royal Navy vessels involved in the battle

Survivors of the first major naval battle of the Second World War will gather at Britain's National Memorial Arboretum to unveil a memorial commemorating the event. The Battle of the River Plate took place 75 years ago (December 1939), and less than a dozen veterans are still alive from this, the only episode of the war to take place in South America.

Tuesday, April 8th 2014 - 18:17 UTC

Airport chaos anticipated for Brazil's World Cup as terminals remain unfinished

A temporary canvas terminal will be used instead of a planned airport expansion to receive fans in Fortaleza

As if problems with the delayed stadiums was not enough, and with less than 10 weeks until the start of the World Cup, work on crucial new airport terminals has fallen behind in most of the dozen Brazilian host cities, heightening the risk of overcrowding and confusion during the tournament.

Tuesday, April 8th 2014 - 00:14 UTC

Brazil will launch massive investment plan next August, two months ahead of election

Rousseff's announcement should help her with her re-election bid

Brazilian President Dilma Rousseff announced that the third stage of an investment plan, Growth Acceleration Program (PAC) will be launched in August, just two months ahead of an October presidential election in which she will seek re-election.

Monday, April 7th 2014 - 21:24 UTC

Latam and Caribbean migrants remittances total over 60bn dollars annually

But channeling remittances into the formal financial system remains a challenge

A new study by the Inter-American Development Bank’s (IDB) Multilateral Investment Fund (MIF) and the Inter-American Dialogue has shed light on the financial behavior of Latin American and Caribbean migrants, finding that there is need for formal savings products for remittance clients.

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