Latin America

Latin America
Friday, August 22nd 2014 - 23:48 UTC

Don't blame Columbus: TB in the Americas already was present...in seals

Scientists have unearthed ancient Peruvian skeletons that contain DNA from TB strains. The 1,000-year-old remains predate Europeans' arrival about 500 years.

The long-held idea that Europeans were the first to bring tuberculosis to the Americas when they arrived in the 15th Century has been thrown into doubt. Instead, a study suggests that the deadly disease was present in the area hundreds of years before Christopher Columbus made landfall.

Wednesday, August 20th 2014 - 09:50 UTC

Dilma admits many problems plague Brazil but refuses to talk about corruption in her party

“We have had and still have many problems and challenges to take on in health care,” Rousseff said during the broadcast from the Alvorada Palace

Brazilian President Dilma Rousseff acknowledged “many problems and challenges” still plague the country's woeful heath system but defended her record on the economy and education on a live 15-minute interview on the Globo television network's nightly news.

Wednesday, August 20th 2014 - 00:15 UTC

UN accepts extension of Uruguay's continental shelf to 350 miles; first in South America

In practical terms this means Uruguay has an additional sea area of 80.500 sq kilometers equivalent to half its landmass territory

The United Nations accepted the proposition of the Uruguayan government to extend the Uruguayan territorial seabed from 200 to 350 miles. Uruguay thus becomes the first South American nation to receive the approval of the UN for such request.

Monday, August 18th 2014 - 07:19 UTC

US Panama Canal workers recall and celebrate the century old feat

Built by the US in a 10-year construction effort after a failed French dig, the 77-km-long canal opened on Aug. 15 1914, becoming a vital global trade route.

The 100th anniversary of the opening of the Panama Canal, hailed at the time as one of the world's great wonders, has inspired a celebration in central US state Florida to showcase the experience of the US canal workers behind the engineering feat.

Monday, August 18th 2014 - 06:35 UTC

Exodus: a million more Puerto Ricans on mainland US than in the island

“The island’s economic crisis may be driving thousands of Puerto Ricans to seek opportunities on the mainland, or to return there,” the report said

A new study has found that Puerto Rico has undergone such a dramatic population shift that there are now over a million more Puerto Ricans on the US mainland than on the US island territory. The Pew Research Center study showed that between 2010 and 2013, more people left Puerto Rico for mainland US than those who left in the 1980s or 1990s.

Friday, August 15th 2014 - 07:13 UTC

Cristina Fernandez will use anti-terrorism law against US company that closed its Argentine plant

“We are facing a real case of fraudulent behavior and an attempt to intimidate the population,” said Cristina Fernandez in a speech at Government House.

Argentina's government will use an anti-terrorism law for the first time to seek criminal charges against a U.S.-based international printing firm which closed its Argentine plant without warning, president Cristina Fernández said on Thursday. She linked the company to some of the hedge funds in litigation with Argentina over defaulted bonds.

Friday, August 15th 2014 - 06:51 UTC

Auction 21 August to settle (and possible payout) of Argentina's defaulted swaps

Argentina's securities regulator requested information from its US counterpart, regarding potential use of privileged information by Elliott to force the default

The International Swaps and Derivatives Association (ISDA) will hold an auction on August 21 to settle Argentina’s default swaps. The auction, run by Creditex and Markit, will determine the payout that holders of protection on Argentine debt (CDS) will receive as a result of the default on July 30.

Friday, August 15th 2014 - 06:47 UTC

New record for the US dollar in Argentina's 'blue market', 13.20 Pesos

The blue-chip swap rate went up and closed at 11.60 Pesos, while the stock exchange rate dropped to 12.54 Pesos

The US dollar in Argentine money markets continued its rising path on Thursday with a new record climb to close at 13.20 Pesos. This so-called “blue” dollar had jumped 20 cents to 13.15 pesos on Wednesday, breaking its 13.06 Pesos record from 23 January.

Friday, August 15th 2014 - 06:44 UTC

Argentine July inflation 2.47% and 39.71% in twelve months, according to Congress index

“We are under the strong impression that inflation has stabilized at an annualized 40%” said lawmaker Sturzenegger

July consumer prices index in Argentina according to the so called Congressional index, climbed 2,47% and 39.71% in the last twelve months. The same index marked 2.2% in June indicating a growing tendency.

Friday, August 15th 2014 - 06:40 UTC

Chilean lawmakers approve initiative to ban trawling in territorial waters

“Gradually reducing the effort of trawling is a presidential commitment, where marine ecosystems harmed by trawling also benefit,” pointed out Machuca.

The House of Representatives approved this week a draft agreement to ban trawling in Chile. With 55 votes in support, six against and five abstentions, the deputies voted in favor of the Draft Resolution No. 100, which requests the Executive to submit a legislative initiative to amend Article 49 of Act No. 18,892 in order to ban fish catching by trawling.

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