Latin America

Latin America
Wednesday, October 15th 2014 - 10:17 UTC

Citigroup exiting retail business in 11 markets including 6 in Latin America

Citi said the impact would primarily be smaller countries in Latin America: Costa Rica, El Salvador, Guatemala, Nicaragua, Panama and Peru.

Citigroup said on Tuesday that it will bow out of the retail banking business in 11 markets, part of its ongoing effort since the financial crisis to restructure and slim down. The news came as the bank announced third-quarter earnings.

Wednesday, October 15th 2014 - 08:36 UTC

Latin America with a huge deficit in infrastructure investment, says Eclac

In the last decade, the region has spent 2.7% of its GDP on infrastructure, a figure which shows “the region isn’t investing enough.”

Argentina should double its current investment in infrastructure and spend 6.2% of its Gross Domestic Product to satisfy its demands for the period 2012-2020, according to a report of the UN Economic Commission for Latin America and the Caribbean (ECLAC).

Wednesday, October 15th 2014 - 07:54 UTC

Mujica running for a Senate seat, since he anticipates a weak government

“The next government will need consensuses which are difficult to work out and I am prepared to help”, said Mujica

Uruguay president Jose Mujica believes that the next parliament to emerge from the 26 October general election will have a difficult conformation, complicating the government's performance and that is the reason why he accepted to run for a Senate seat.

Tuesday, October 14th 2014 - 06:54 UTC

Morales pledges orthodox economic policies and respect for private property

“We will continue with the experience that we have had with the business sector. Private property will be respected, the constitution says so”, said Morales

Bolivian President Evo Morales, who easily won a third term in a weekend election, has said he will stick to his brand of pragmatic socialism, respecting private property while expanding the state's role in the economy.

Tuesday, October 14th 2014 - 06:48 UTC

OAS praise for Bolivia's commitment to democracy and Sunday's elections

The electoral process was conducted with sufficient guarantees, but release of were extremely slow “because of technical and procedural difficulties”

The OAS (Organization of American States) Electoral Observation Mission in Bolivia, headed by former Guatemalan President Alvaro Colom, commends Bolivian citizenry for the high level of peaceful participation on Sunday's national elections and underlines the country’s democratic commitment.

Monday, October 13th 2014 - 07:04 UTC

Head of Pentagon underlines military partnership of the US with Chile

Hagel is on a three-countries six-day visit to South America and on Monday will attend the Americas Defense ministers conference in Peru

US Defense Secretary Chuck Hagel met with government leaders in the Chilean capital of Santiago on Sunday to discuss deepening the U.S. military partnership with Chile.

Monday, October 13th 2014 - 06:32 UTC

The manager of orthodox economics dedicates landslide victory to Chavez and Fidel Castro

The first indigenous president of Bolivia managed over 60% of valid votes cast and victory in eight of nine regions

Evo Morales easily won an unprecedented third term as Bolivia’s president Sunday on the strength of the economic and political stability brought by his government, according to unofficial results.

Monday, October 13th 2014 - 00:20 UTC

Neves pledges a deep reform of Mercosur and opening to the world, if he wins

Trade expert Rubens said Neves will propose reforms and will not accept Mercosur members ignoring rules or regulations

Deep reforms and opening Mercosur to the world will be proposed by opposition candidate Aecio Neves to the other full members, if finally he is elected to lead Brazil in the 26 October runoff against president Dilma Rousseff, said Rubens Barbosa a trade expert, former ambassador in the US and currently coordinator of the opposition government program.

Saturday, October 11th 2014 - 09:11 UTC

Argentina claims in can detect the ebola virus in patients in less than 24 hours

Deputy Health minister Jaime Lazovski revealed that at the moment officials have registered five false alarm cases in different parts of the country.

Argentina has developed a molecular biological method to detect the presence of the Ebola virus in a patient in less than 24 hours, the Argentine health ministry has announced.

Saturday, October 11th 2014 - 08:10 UTC

On Columbus Day, “we also pay tribute to the legacy of Native Americans”

President Obama: On Columbus Day, we reflect on the moment the world changed

Proclamation by Barack Obama - When Christopher Columbus -- a son of Genoa, Italy -- set sail across the Atlantic, no one could imagine the profound and lasting impact he would have on the world. In search of a westward route to Asia, he instead spotted the Bahamas. As dawn broke on October 12, 1492, Columbus's crew set foot on a Caribbean island and changed the course of history. For much of Europe, this marked the discovery of the New World, and it set in motion the more than five centuries that have followed.

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