Latin America

Latin America
Saturday, October 18th 2014 - 08:39 UTC

The Caribbean and Colombia ban entry of travelers from Ebola stricken countries

Colombia's Foreign Ministry issued a statement on travel restrictions

A group of Caribbean countries have announced bans on entry to foreigners who have travelled through the three West African countries most affected by Ebola. Jamaica said it would not accept travelers from Liberia, Guinea and Sierra Leone for the time being.

Saturday, October 18th 2014 - 08:22 UTC

Fallon visits Gibraltar and reaffirms UK support to deal with unlawful Spanish incursions

 “My visit proves once more that the UK takes Spanish incursions very seriously, and will continue to deal robustly with them”, said Fallon.

A package of new measures announced by the Defense Secretary has reaffirmed the UK’s support to Gibraltar. On his first visit since becoming Secretary of State, Michael Fallon paid tribute to those working to support defense activities in Gibraltar and emphasized the strategic importance of the permanent joint operating base there.

Saturday, October 18th 2014 - 08:13 UTC

Ebola scare reaches cruise industry: Carnival vessel barred from Mexico and Belize

The Carnival Magic, which authorities in Mexico and Belize have barred from their ports, is now headed back to Texas.

A laboratory technician from the Dallas hospital where a Liberian died of the Ebola virus, and who handled some of his fluid samples for analysis, has been placed in quarantine aboard a cruise ship, the State Department said on Friday.

Saturday, October 18th 2014 - 07:39 UTC

Uruguay's presidential election too close and 'unpredictable', argue pollsters

Vazquez speech must help him retain activists but also attract independents

The strong economy and the good image of the incumbent presidential candidate Tabare Vazquez are not sufficient for Uruguay's ruling coalition Broad Front to ensure a third consecutive mandate next Sunday 26 October, according to the country's main pollsters, who underlined that the election result at this stage is too close and 'unpredictable'.

Thursday, October 16th 2014 - 07:45 UTC

Brazilian presidential runoff in a neck to neck technical tie

The two candidates have ten exhausting days before Election Day

Brazilian president Dilma Rousseff and her challenger Senator Aecio Neves for the 26 October runoff, are technically tied according to the latest public opinion poll released by Datafolha, which so far has shown to be one of the most reliable pollsters.

Thursday, October 16th 2014 - 07:30 UTC

Venezuela 'ripe' for default on foreign debt forecast Reinhart and Rogoff

The world-renowned economists wrote that the Venezuelan economy had been so badly mismanaged that GDP per capita was two per cent below 1970 levels

Venezuela will almost certainly default on its foreign debt, according to Harvard economists Carmen Reinhart and Kenneth Rogoff. They add that the beleaguered Latin American economy has already defaulted on “every conceivable kind of domestic debt”.

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.

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