Latin AmericaLatin America
Venezuela has objected to a Canadian mining company operating in Guyana, telling the company it is infringing on Caracas’ sovereignty. And the move has not gone down well with Guyana’s president David Granger.
Comedian Jimmy Morales won a landslide victory in Guatemala's presidential race Sunday despite having no political experience, after a campaign upended by a corruption scandal that felled the outgoing president. Morales, a comic actor and TV personality, declared victory after election officials released the resounding results: 68% of the vote for the conservative candidate to 32% for former first lady Sandra Torres.
President Cristina Fernandez is falling back ahead of Sunday's election, but with great power, and she has the intention of returning to office in the next presidential elections, 2019, said the political analyst and columnist Rosendo Fraga regarding the current political scenario in Argentina. On Sunday Argentines will be electing president, half the Lower House a third of Senate seats, governorships and for the first time Mercosur parliament representatives.
The value of Latin America’s exports will continue to decline through 2015 by 14%, with Argentina faring slightly worse with a reduction of 17%, says the UN Economic Commission for Latin America and the Caribbean (ECLAC) report, which also indicated that the value of imports to Argentina are set to fall by a smaller 10%.
Against the background of what he said were continued territorial threats from both Venezuela and Suriname, Guyana President David Granger has announced a Total National Defense Policy.
Reports of escalating crime in the Caribbean have renewed the debate about how it affects the millions of cruise ship passengers and other tourists who visit the region each year.
Falkland Islands Holidays represented by Jenny Luxton and Sue Smith attended the 39th Annual Travel Mart Latin America Tourism Business Development event in Guatemala this year.
A US hedge fund has threatened to sue Peru over bonds issued by the country's former military regime. Connecticut-based hedge fund Gramercy purchased the defaulted debt at a discount in 2008 after other bondholders failed to reach a deal.
After a week of discussions at the annual IMF assembly in Peru, bankers and policy makers agreed that stemming the rush of investments from emerging markets was one of the most important challenges facing the global economy. But there was little agreement on how to actually do that.
Brazil is still by far the largest economy in Latin America despite its recession and the impact of the devaluation of the Real, according to the latest report from the International Monetary Fund (IMF), which said Venezuela dropped to the position of the region’s seventh-largest economy with a GDP that’s now half the size of Colombia’s.