Latin America

Latin America
Monday, July 27th 2015 - 06:18 UTC

Peru's Humala begins his last year in office with defeat in congress and 80% disapproval

Luis Iberico of the small Alliance for Progress party won with backing from lawmakers loyal to opposition presidential aspirant Keiko Fujimori

Peruvian lawmakers elected an opposition legislator as head of Congress in a new but hardly unsurprising defeat for the ruling party and increasingly unpopular President Ollanta Humala who this week begins the last year in office. GfK polls indicate the president has a disapproval rating of 80%.

Monday, July 27th 2015 - 05:20 UTC

Guyana warns in Washington about the Venezuelan threat to its territory

“Guyana at the moment is facing a challenge to its survival by a larger state,” Granger said at the William Perry Center of Hemispheric Defense Studies.

Guyana's territorial dispute with neighboring Venezuela represents a threat to its very survival, President David Granger warned Friday in Washington. After a recent offshore oil find, the row between the two countries has escalated, with Venezuela laying claim to a huge swathe of Guyana's territory.

Friday, July 24th 2015 - 09:38 UTC

ExxonMobil find in Guyana's waters could be worth 12 times the country's GDP

Liza-1 was drilled in the Stabroek Block and encountered more than 295 feet of “high-quality oil-bearing sandstone reservoirs.”

The Exxon Mobil oil find in Guyana, which has triggered a strong reaction from neighboring Venezuela could be worth 12 times more than that nation’s GDP. In effect according to a Guyanese minister, the find at Liza-1well in offshore Guyana could be worth about $40 billion at current international crude prices.

Thursday, July 23rd 2015 - 07:24 UTC

Over half of Argentina households belong to the middle class; only second to Uruguay

According to the PEW study, Argentina tops ranking of middle class growth, 17.5% and is among the three leading 'middle classs' countries

Argentina is the Latin American country where the middle class has grown the most in ten years, doubling in size, according to a report released by the Pew Research Center in the United States.

Thursday, July 23rd 2015 - 06:40 UTC

Scioli meets Raul Castro in Havana and praises political and economic opening of Cuba

“I admire and respect Raul's influence for having defended the Cuban people and his ideals, and for the updating of the socialist economic model” said Scioli

Argentina's presidential hopeful and Buenos Aires governor Daniel Scioli was received on Wednesday by President of Cuba Raul Castro for an official audience in Havana, making the incumbent candidate the first foreign politician to meet the head of state since the normalising of relations with the United States.

Thursday, July 23rd 2015 - 05:41 UTC

Falklands/Malvinas special session at Aladi's offices in Montevideo

Aladi founded in 1980, includes Argentina, Bolivia, Brazil, Chile, Colombia, Cuba, Ecuador, Mexico, Panama, Paraguay, Peru, Venezuela and Uruguay.

The Latin American Integration Association, Aladi, with main offices in Montevideo, will be holding on Thursday an extraordinary meeting on the Falklands/Malvinas Islands question in the framework of the recent Day of Affirmation of Argentine rights over the South Atlantic Islands (June 10), and the fiftieth anniversary of UN Assembly Resolution 2065, which called on Argentina and UK to dialogue and find a solution to the dispute.

Tuesday, July 21st 2015 - 04:43 UTC

Cuba and US on a 'new beginning', but 'profound differences' persist

Kerry said the ”interests of both countries are better served by engagement than by estrangement,'' after meeting with Cuban Foreign Minister Rodríguez

U.S. Secretary of State John Kerry on Monday called the restoration of diplomatic relations with Cuba a “new beginning” but said many differences remain between the two nations and warned that the full normalization of ties will be a long process. He spoke hours after ceremonies were held in Havana and Washington to mark the restoration of ties after more than five decades of hostility.

Tuesday, July 21st 2015 - 04:28 UTC

Falklands' oil industry: Mercosur special declaration in support of Argentina's Malvinas dispute

“Aware of the presence of a semi-submersible rig in the Argentine continental shelf involved in hydrocarbons exploration activities non authorized by Argentina...”

The latest Mercosur summit, held last week in Brazil included a special statement, --besides the main regular declaration with 69 articles--, blasting the UK for violating international law and Argentine domestic law over the exploration of hydrocarbons “in the Argentine continental shelf in proximity of the Malvinas Islands”.

Monday, July 20th 2015 - 07:47 UTC

Guyana to 'stoutly resist' Venezuela plans to issue IDs to disputed Essequibo residents

“We will stoutly resist any effort to have our people issued with cards and things like that” said Guyana Minister of State Joseph Harmon

Guyana on Sunday warned it would “stoutly resist” plans by Venezuela to register residents in Essequibo and issue them identification cards for the neighbouring Spanish-speaking nation. Venezuela claims the region and has launched an aggressive campaign at domestic and international level calling president David Granger a 'provocateur”.

Saturday, July 18th 2015 - 09:29 UTC

Mercosur agrees to give intra-trade a new boost eliminating barriers

Dilma Rousseff formally hands the pro tempore presidency of Mercosur for the next six months to Paraguayan president Horacio Cartes

Mercosur agreed at the Brasilia summit that in the second half of the year they will address alternatives for the elimination of tariff and other similar barriers that impede the natural flow of trade of goods and services among its members. The initiative was agreed by Common Market Council, CMC, on the first day of deliberations and confirmed on Friday by the presidents of the group's full members.

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