Latin America

Latin America
Friday, December 18th 2015 - 08:09 UTC

US and Havana deal on regular flights, a boom for tourism, but does Cuba have the infrastructure

The deal opens the way for U.S. airlines to negotiate with Cuba for 20 routes a day to Havana and 10 to each of Cuba's other nine major airports

United States and Cuba have reached a deal to allow as many as 110 regular airline flights a day, allowing a surge of American travel to Cuba that could eventually flood the island with hundreds of thousands more U.S. visitors a year, officials said Thursday on the anniversary of detente between the foes.

Friday, December 18th 2015 - 07:55 UTC

South America to contract 0.8% and Central America will expand 4.6% in 2016, says UN office

“It is necessary to resume growth and reverse the investment contraction cycle in a context of slow global recovery and a decline in trade,” said Alicia Barcena

Latin American and Caribbean economies will contract 0.4% on average in 2015 and will grow just 0.2% next year, as a result of the complex external scenario, according to new projections unveiled on Thursday by the UN Latin America and Caribbean Economic commission, ECLAC. Estimates for next year are that Central America will expand 4.6% while South America will again contract 0.8%.

Tuesday, December 15th 2015 - 07:51 UTC

Latin American exports fall for third year running and 2016 prospects are not encouraging

“This trade contraction, the worst since the 2009 collapse, is a wake-up call on the need to implement export diversification policies,” said Paolo Giordano

Exports from Latin America and the Caribbean will drop about 14% in 2015 due to a steep decline in prices and weak demand for the region’s main exports from key trading partners, according to a new report from the Inter-American Development Bank (IDB).

Tuesday, December 15th 2015 - 07:41 UTC

Moody's raises Cuba's rating to positive as it moves away from Venezuela dependence and is closer to US

'The positive outlook also anticipates that Cuban authorities will maintain the current reform momentum following the Communist Party Congress next April'

International ratings agency Moody’s Investors Service has moved Cuba’s economic from stable to positive, citing its lessening dependence on Venezuela and the possibility of more improved relations with the United States.

Saturday, December 5th 2015 - 07:10 UTC

A range of possible results in Venezuela's Sunday legislative election

A “unified” opposition might need as much as a 71.8% increase in votes over the 2010 elections, with government losing 10.8% of its votes to get a supermajority

By David Rosnick (*) A new paper from the Center for Economic and Policy Research (CEPR) finds that there may be a significant disparity between the popular vote and legislative seats claimed by parties in Venezuela’s December 6 National Assembly elections.

Sunday, November 29th 2015 - 09:10 UTC

South American football association revolving door at full steam

CONMEBOL confirmed on Thursday that Del Nero will be replaced by Fernando Sarney (Pic) who is expected to travel to Zurich for FIFA Exco session

The head of Brazilian football, Marco Polo del Nero, has finally bowed to the pressure and agreed to resign from FIFA's Executive Committee after being a no-show for the last six months amid fears he could be caught up in the burgeoning corruption scandal.

Friday, November 27th 2015 - 06:28 UTC

OAS calls for immediate end to violence in Venezuela

Secretary General of Acción Democrática Guarico, Luis Manuel Diaz, was shot several times from a passing vehicle as he stood in the rally's stage

The Organization of American States (OAS), secretary general Luis Almagro condemned the killing in Venezuela of an opposition leader during a political rally ahead of the 6 December legislative election, and called for an immediate end to violence in the country.

Wednesday, November 25th 2015 - 08:09 UTC

An Anti-incumbency Vote Whose Effects Will be Seen Beyond Argentina

The president elect Mauricio Macri next to Maria Eugenia Vidal governor elect of the most important and decisive electoral district in Argentina

By Rengaraj Viswanathan (*) Mauricio Macri’s win will inspire the centre-right opposition parties that hope to replace leftist governments in Brazil and Venezuela but it is too early to declare, as some observers are doing, that the result marks the end of the Left in the region

Wednesday, November 25th 2015 - 07:35 UTC

Mujica wishes Argentina and Macri 'the best', but has fears about 'institutional stability'

“From the deepest of my heart I wish things in Argentina turn out positive, the best possible for its future government and Mr. Macri”, said Mujica

Two days after Mauricio Macri's victory in Argentina, Uruguay's former president Jose Mujica wished Argentina “the best” with its new government, but also expressed fear about the 'institutional stability' of the country.

Wednesday, November 25th 2015 - 07:03 UTC

Macri names top UN official as Argentina's next Foreign Minister

 In a statement, Ban lauded Malcorra, saying she had been at his side “during one of the busiest and most turbulent periods in the history of the UN”

President-elect Mauricio Macri has tapped a top United Nations official to be Argentina's next foreign minister. Macri announced on his Facebook page on Tuesday that he picked Susana Malcorra, Cabinet chief for U.N. Secretary General Ban Ki-moon since 2012.

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