Latin America

Latin America
Wednesday, August 12th 2015 - 08:39 UTC

“A step forward for Haitian democracy”, OAS describes Sunday's vote

“(Sunday’s) election was a step forward in strengthening Haitian democracy,” said Castillo, a former foreign minister in Costa Rica.

Despite incidents of violence at some polling stations, the first round of legislative elections in Haiti which took place on Sunday, has been described as “a step forward for Haitian democracy” by the Organization of American States (OAS).

Wednesday, August 12th 2015 - 08:25 UTC

Sargassum bloom are ruining Caribbean beaches and tourism season

The seaweed invasion has hit Caribbean shorelines so severely that some tourists have cancelled summer trips and locals call it a “natural disaster.” (Pic Reuters)

The picture-perfect beaches and turquoise waters that people expect on their visits to the Caribbean are increasingly being fouled by mats of decaying seaweed that attract biting sand fleas and smell like rotten eggs.

Friday, August 7th 2015 - 06:19 UTC

Falklands' claim and sea access for Bolivia in the same package for Evo Morales

Bolivia's Evo Morales with a close friend, Argentine president Cristina Fernandez , during his recent visit to Buenos Aires

The Argentine government should support with 'determination' Bolivia's sea outlet claim to Chile, because if successful it will be so much easier for Argentina to recover the Falklands/Malvinas Islands, said Bolivian president Evo Morales in an interview.

Wednesday, August 5th 2015 - 08:13 UTC

Galapagos penguin numbers recovering with shifts in trade winds and ocean currents

The Galapagos Islands, a chain of islands 1,000 kilometers west of mainland Ecuador, are home to the only penguins in the Northern Hemisphere.

Shifts in trade winds and ocean currents powered a resurgence of endangered Galapagos Penguins over the past 30 years, according to a new study led by researchers at the Woods Hole Oceanographic Institution (WHOI). These changes enlarged a cold pool of water the penguins rely on for food and breeding-an expansion that could continue as the climate changes over the coming decades, according to the study.

Tuesday, August 4th 2015 - 05:49 UTC

ExxonMobil rig concludes exploration offshore Guyana: resumes seismic studies

Minister Trotman said the Deepwater Champion left the disputed area because its exploratory work was done, having found a major deposit of crude oil.

An ExxonMobil rig that re-ignited a maritime boundary dispute between Guyana and Venezuela has now left the area, a Guyanese official said on Monday, but denying it was because of Venezuelan pressure.

Tuesday, August 4th 2015 - 05:35 UTC

Puerto Rico declared on default by Moody's after failing to make debt full payment

“Due to the lack of appropriated funds for this fiscal year the entirety of the PFC payment was not made today” GDB President Acosta-Febo said

Puerto Rico's Government Development Bank announced Monday that it was only able to make a partial payment on its Public Finance Corporation (PFC) debt service due over the weekend. In response to the non-payment of the full service, credit rating agency Moody's said it viewed the situation as a default.

Thursday, July 30th 2015 - 22:31 UTC

UK Overseas Territories agree on a 'unified front' for December's JMC in London

The participants of the meeting in Hamilton pose for the 'family picture' at the end of discussions

Leaders of several British Overseas Territories meeting in Bermuda released a joint statement following a Pre-Joint Ministerial Council two-day meeting held last week in Hamilton. The goal of the international gathering was to discuss matters of common interest in order to present a unified front next December at the JMC in London.

Thursday, July 30th 2015 - 22:28 UTC

For the sixth straight time, Brazil raises interest rate 50 points to 14.25%

Copom said keeping rates at 14.25% level for a sufficiently long period of time was needed for inflation to converge to the target in late 2016.

Brazil's central bank raised interest rates to 14.25% from 13.75% as expected on Wednesday, delivering another hefty increase to stifle inflationary risks from a sharp depreciation of the local currency. This is the highest rate since October 2006.

Thursday, July 30th 2015 - 09:39 UTC

Brazil's agriculture minister optimistic about a Mercosur/EU trade accord by end of the year

“Mercosur is on the right track, countries of the region have virtually agreed on the proposals to exchange with the European Union”, said Ms Abreu

Brazil' minister of agriculture Katia Abreu said she was very optimistic about Mercosur reaching a trade agreement with the European Union, and if there are problems look to Europe, because Mercosur members have almost agreed and finished their proposal.

Wednesday, July 29th 2015 - 06:43 UTC

Maduro formally requests UN mediation in border dispute with Guyana

“We will continue to work through diplomatic means,” Maduro said after the meeting. “We will overcome the provocations and aggressions of Granger.”

Venezuela's president Nicolas Maduro said he asked U.N. Secretary-General Ban Ki-moon for U.N. mediation in his country's century-old border dispute with neighboring Guyana. The controversy was discussed by Maduro and Ban at a meeting Tuesday morning in New York.

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