Latin America

Latin America
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.

Monday, September 8th 2014 - 07:25 UTC

Belize supports Uruguay's Almagro for OAS Secretary General next year

Uruguay's Foreign minister Luis Almagro is a strong candidate to succeed Jose Miguel Insulza at the OAS helm

Belize says it will support Uruguay for the position of secretary general of the Organization of American States (OAS) and downplayed any suggestion that its non-support for the Guatemalan candidate was linked to the ongoing territorial dispute between the two countries.

Saturday, September 6th 2014 - 06:23 UTC

Latin America has the worst homicide and abuse stats in children and teenagers

Brazil had in 2012 the second largest number of young murder victims, 11.000, only behind the 13,000 deaths in Nigeria, exposed to Islamic fundamentalism

Latin America and the Caribbean have the largest share of homicides among children and adolescents in the world, revealed a UNICEF report released yesterday. According to the study, in 2012 alone, “more than 25,000 homicide victims in the region were below the age of 20 — representing about one quarter of all homicide victims worldwide.”

Saturday, September 6th 2014 - 03:04 UTC

Marina Silva's lead turns Dilma more aggressive in her re-election bid

Rousseff has seen her approval ratings plummet, leading many to wonder whether the Workers Party will be swept aside after 12 years in power.

Brazilian President Dilma Rousseff has adopted a more combative re-election campaign strategy after opinion polls showed her trailing popular environmentalist candidate Marina Silva. Two election surveys this week showed Rousseff was the frontrunner in the first round ballot scheduled for October 5, but would lose to Silva, a former environment minister, in a likely runoff.

Friday, September 5th 2014 - 07:47 UTC

Argentine Senate approves bill changing debt payment jurisdiction; next step Lower House

“Sometimes there are court decisions that cannot be followed,” said Miguel Angel Pichetto, head of the government's coalition in the Senate.

Argentina's Senate on Thursday passed a bill aimed at circumventing U.S. court decisions regarding its defaulted debt by changing payment jurisdiction, sending the proposal to the lower house Chamber of Deputies for final approval. The chamber, like the Senate, is controlled by government allies who are expected to vote the bill into law.

Friday, September 5th 2014 - 07:33 UTC

NML Capital subpoenaed 18 banks in search of embezzled Argentine funds

Lead attorney for NML, Robert Cohen of Dechert, said  that the list of banks all have at least a presence in the United States

NML Capital Ltd, a creditor suing Argentina in the U.S. courts for full payment on defaulted debt, subpoenaed 18 banks last week in an effort to track down 65 million dollars in what it says is embezzled Argentine money laundered through the United States.

Friday, September 5th 2014 - 03:28 UTC

Falklands' GDP 'volatile' because of fisheries and oil and gas exploration

Oil industry activities input to the Falklands economy in 2012 meant the per capita GDP soared to £77.4 thousand for 2012.

Recently released data shows that the Falkland Islands Gross Domestic Product (GDP) continues to be volatile: expanding considerably during some years and shrinking in others. For example, 2012, a year of intense hydrocarbons activity the per capita for a population of 2.562, in the books soared to £77.400.

Friday, September 5th 2014 - 02:14 UTC

Brazil leaves basic interest rate unchanged at 11%, given 'inflation prospects'

“Assessing the evolution of macroeconomic scenario and the inflation prospects”, Copom unanimously decided to maintain the Selic rate at 11%

With Brazil battling recession and inflation a month away from the presidential election, the Central bank kept its key interest rate on hold at 11%. Traders and analysts had forecast no change and the central bank's monetary policy commission (Copom) duly decided to leave all quiet following its monthly two-day meeting.

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