Latin America

Latin America
Wednesday, April 13th 2016 - 21:33 UTC

Falklands receives visit from Central American journalists

The group of journalists with MLA Barry Elsby and MLA Michael Poole at Gilbert House

A group of five Central American journalists, including one from Honduras, visited the Falkland Islands to learn more about the politics, economy and life in the Islands. The invitation was made by the Falkland Islands Government (FIG) and the Foreign and Commonwealth Office (FCO) to media representatives from Panama (Diario La Prensa), Costa Rica (Diario El Extra), El Salvador (El Diario de Hoy), Belize (The Reporter Press), and Honduras (El Heraldo).

Wednesday, April 13th 2016 - 05:56 UTC

Rousseff brands vice president Temer “a traitor” and ''coup plotter'' with no respect for democracy

“If there were any doubts about my denunciation that a coup is underway, there can't be now. The coup plotters have a leader and a deputy leader,” Rousseff said

Brazilian President Dilma Rousseff branded her vice president a traitor Tuesday, saying that he was a conspirator in a “coup” that aimed to use impeachment proceedings to bring down a popularly elected government.“If there were any doubts about my denunciation that a coup is underway, there can't be now. The coup plotters have a leader and a deputy leader,” Rousseff said in a blistering attack in Brasilia.

Wednesday, April 13th 2016 - 05:03 UTC

Ecuador signs US$ 1 billion investment deals to boost oil production in existing fields

Petroamazonas signed a contract with Pañaturi consortium, made up of China’s Sinopec International and Sinopec Service Ecuador

Ecuadorian state-owned energy firm Petroamazonas EP, which is looking to boost production at nine of its existing oil fields and on Monday signed a series of investment deals amounting to US$ 1 billion for those areas, enlisting the help of both domestic and foreign companies.

Tuesday, April 12th 2016 - 09:00 UTC

Don’t Blame Panama. Tax Evasion Is a Global Problem.

View of Panama City financial district: Panama does not deserve to be singled out on an issue that plagues many countries

By Juan Carlos Varela (*) - The following was published by The New York Times in The Opinion Pages. DESPITE their name, the Panama Papers are not mainly about Panama. They are not even primarily concerned with Panamanian companies. The more than 11 million documents, illegally hacked and released last week relating to previously undisclosed “offshore” corporations, is roiling the world with revelations of the vulnerability for rampant abuse of legal financial structures by the wealthy.

Tuesday, April 12th 2016 - 07:25 UTC

OAS calls for deep reforms in Peruvian electoral system, following Sundays vote

EOM said the current system does not provide guarantees: it transmits legal and political insecurity to citizens and can put at risk the political rights of voters

The OAS Electoral Observation Mission (EOM/OAS) to the general elections in Peru presented on Monday its preliminary technical report on Sunday’s general election, in which it recommends a deep electoral reform, including the system of disqualification of candidates.

Monday, April 11th 2016 - 06:31 UTC

Keiko Fujimori wins first presidential round in Peru, but polls anticipate she could lose the run-off

A quick count by polling firm Ipsos said Fujimori had 39.6% of the vote with Kuczynski on 21.5% and leftist lawmaker Veronika Mendoza on 18.7%.

Fujimori, the conservative daughter of jailed former president Alberto Fujimori, won the first round of Peru's presidential election on Sunday but she will likely face center-right economist Pedro Pablo Kuczynski in a tight run-off. Exit polls and early official results showed Fujimori with close to 40% support, falling well short of the 50% needed for an outright victory.

Monday, April 11th 2016 - 06:05 UTC

ECLAC anticipates minus 1.9% contraction in economic activity this year in South America

The economies of South America—which are specialized in the production of commodities, especially oil and minerals, and have a growing degree of trade integration with China will record a contraction

Latin America and the Caribbean are forecast to have an average economic activity contraction of -0.6% during 2016, according to the latest release from the Economic Commission for Latin America and the Caribbean (ECLAC). This new estimate reflects that the contraction experienced by regional Gross Domestic Product (GDP) in 2015 (-0.5%) will extend to the current year.

Saturday, April 9th 2016 - 21:42 UTC

Keiko Fujimori poised to win Peru's first round presidential election, but opposition to her has climbed to 51%

The latest survey shows Keiko with 37.7% vote intention followed by Mendoza with 20.1% of valid votes in the first-round, while Kuczynski would get 20.3%.

Keiko Fujimori is poised to win the first round of Peru's presidential election on Sunday, but with insufficient votes to avoid a second round on June 5, according to the latest survey with data collected on April 6. The Ipso poll showed Keiko with 37.7% of valid votes, and a double digit lead over each of her nine rivals.

Friday, April 8th 2016 - 07:28 UTC

Uruguay in Brussels to begin a crucial round of Mercosur/EU negotiations

Nin Novoa has a meeting scheduled with EU Trade Commissioner Cecilia Malmström and is expected to agree on dates for the formal exchange of proposals

Uruguay Foreign Minister Rodolfo Nin Novoa is scheduled to begin this Friday in Brussels what is believed to be the last round of talks with the European Union to reach a wide ranging cooperation and trade agreement between Mercosur and the European Union.

Saturday, April 2nd 2016 - 08:47 UTC

Peru presidential election next 10 April with no clear winner

Veronika Mendoza, a 35-year-old leftist presidential contender in Peru who is promising a new constitution to weaken the country's business elite jumped 5 percentage points in a poll and was seen as statistically tied at second with investor-favourite Pedro Pablo Kuczynski.

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