Latin America

Latin America
Wednesday, May 20th 2015 - 22:45 UTC

Cruise ship freed off the coast of Bermuda with the arrival of high tide

 Norwegian Dawn was carrying 2,443 passengers and 1,059 crew members were on board at the time of the incident. No one was injured

A cruise ship with thousands of passengers headed to Boston in the US east coast was freed late Tuesday night after running aground off the coast of Bermuda. With the arrival of high tide, the ship was able to be freed and was moved to a nearby anchorage position, officials reported.

Wednesday, May 20th 2015 - 05:44 UTC

Beijing to the rescue of sliding Brazil: 53bn dollars in trade, finance and investment

Li and Rousseff announced the Industrial and Commercial Bank of China, will set up a 50bn fund with Caixa Econômica Federal, for infrastructure projects

Beijing has come to the rescue of Brazil's slumping economy with trade, finance and investment deals worth at least 53 billion dollars in energy, mining, aviation and upgrading of dilapidated infrastructure.

Tuesday, May 19th 2015 - 07:33 UTC

Chinese PM in Brasilia; Beijing prepared to invest 100bn in transport and energy

PM Li Keqiang will be meeting with President Rousseff Tuesday in Brasilia and sign a raft of agreements before flying to Rio do Janeiro  (Pic Xinhua)

China's Premier Li Keqiang arrived in Brasilia on Monday to sign agreements on infrastructure, energy and aviation that experts say could reach 100 billion dollars. The South American tour also includes Colombia, Peru and Chile and aims to restructure China's resource-driven trade with Latin American countries by including more value-added products.

Tuesday, May 19th 2015 - 02:16 UTC

UK commends Guyana's elections and pledges support for President Granger

UK welcomes successful conclusion of Guyana’s elections “and I congratulate David Granger on his election as president of Guyana” said Minister Duddridge.

The United Kingdom congratulated Guyana for last week's general election and promised to continue working with the new government of David Granger to build on the strong and long-standing relationship between the two countries.

Tuesday, May 19th 2015 - 02:05 UTC

Latam unemployment expected to increase as economic activity weakens

“The labor market situation in 2015 is not expected to be particularly conducive to progress in reducing poverty and inequality” said Alicia Bárcena

The non encouraging economic outlook for the current year will likely prompt a mild increase in the regional unemployment rate to 6.2% from the 6.0% registered in 2014, according to estimates released by the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labor Organization (ILO).

Monday, May 18th 2015 - 04:55 UTC

Granger swears as Guyana's new president with a one seat majority in legislature

“I shall be a good president for all the people of Guyana,” Afro-Guyanese Granger said after taking the oath of office for his five-year term.

Former army brigadier David Granger was sworn in as Guyana's new president on Saturday after his multiracial opposition coalition narrowly won a national election, heralding a new chapter in the ethnically-divided.

Monday, May 18th 2015 - 04:32 UTC

Massive turnout in Guatemala demanding president Perez Molina steps down

Despite the rain, demonstrators in 13 cities across the Central American nation banged drums and blew whistles in the peaceful protests.

Thousands of Guatemalans took to the streets on Saturday, demanding the nation's President Otto Perez Molina leave office in the wake of a scandal that claimed his former Vice President Roxana Baldetti.

Saturday, May 16th 2015 - 08:03 UTC

Opposition wins in Guyana defeating party in power for 23 years

David Granger and his Partnership for National Unity-Alliance for Change Coalition got nearly 207,000 votes in Monday’s ¬general elections.

A retired army general is poised to become Guyana’s new president after a multi-ethnic opposition ¬coalition defeated a party that has been in power for 23 years, officials said. Preliminary results show David Granger and his Partnership for National Unity-Alliance for Change Coalition got nearly 207,000 votes in Monday’s ¬general elections.

Friday, May 15th 2015 - 07:38 UTC

The project of a trans-continental railway, Atlantic to Pacific, with Chinese funds

The 10bn dollar mega project is expected to be formalized during a four-country Latin American tour by Chinese Premier Li Keqiang

Peru, Brazil and China are moving forward on a transcontinental railway that will cut across the continent, climb the Andes and connect port cities in the Pacific and Atlantic coasts.

Friday, May 15th 2015 - 04:41 UTC

Exxon discovers oil off Guyana coast, in territory claimed by Venezuela

The discovery is located in the Stabroek Block off a border region that is claimed by Venezuela in a territorial controversy dating back over a century

Exxon Mobil Corp has discovered oil off the coast of Guyana, the company and the South American nation's government said on Thursday, potentially inflaming a long-running territorial dispute with neighboring Venezuela.

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