Latin America

Latin America
Monday, April 7th 2014 - 21:24 UTC

Latam and Caribbean migrants remittances total over 60bn dollars annually

But channeling remittances into the formal financial system remains a challenge

A new study by the Inter-American Development Bank’s (IDB) Multilateral Investment Fund (MIF) and the Inter-American Dialogue has shed light on the financial behavior of Latin American and Caribbean migrants, finding that there is need for formal savings products for remittance clients.

Monday, April 7th 2014 - 06:26 UTC

Overwhelming majority of Argentines feel insecurity has become the main problem

However 65% are against lynching as has been happening recently

Eight out of ten Argentines feel that insecurity has been on the rise during recent months while 90% believe that it has become the main problem of the country ahead of inflation, unemployment and corruption, according to a public opinion poll published in Clarin's Sunday edition.

Monday, April 7th 2014 - 06:21 UTC

UN 'deep concern' over violence in Venezuela; supports people's right to protest peacefully

For weeks protestors have camped outside UN offices in Caracas

The United Nations office in Venezuela expressed deep concern over the “high human cost” of anti-government protests which have left 39 people dead during two months of unrest. Hundreds more have been detained or injured in clashes with security forces.

Monday, April 7th 2014 - 05:18 UTC

Costa Rica faces serious challenge: new president with scant support in congress

Solis beat the old system but they still have the grip on government

A center-left academic who has never held elected office easily won Costa Rica's presidential election on Sunday, ousting the graft-stained ruling party from power after its candidate quit campaigning a month ago. However he will have quite a job ensuring support in Congress.

Saturday, April 5th 2014 - 04:18 UTC

Antipersonnel mines day: Central America cleared; in Colombia rebels continue planting them

Insulza and Garzón led the ceremony in Medellín next to victims of antipersonnel mines

OAS Secretary General José Miguel Insulza participated on Friday in Colombia in a ceremony commemorating the International Day against Antipersonnel Mines, where he described the effort and commitment of OAS to eradicate the scourge and bring rehabilitation to survivors as a “high priority.”

Saturday, April 5th 2014 - 00:52 UTC

Prince Harry will be visiting Chile and Brazil next June

 The visit is designed to enhance the partnership the UK and South America

Prince Harry will undertake two official overseas visits in May and June this year. He will visit Estonia and Italy in May, followed by a visit to Brazil and Chile in June. Both visits are in support of the UK Government and are being organized by the Foreign and Commonwealth Office.

Friday, April 4th 2014 - 07:53 UTC

Latam leaders discuss improving education and skills to help diversity economy

“It is just not a question of schooling, it is a question of skills” said Ricardo Hausmann

Political, business and academic leaders gathered for the ninth annual World Economic Forum in Latin America in Panama set out strategies for the region to move beyond dependence on commodity exports and face the challenges of a rapidly changing global economy.

Friday, April 4th 2014 - 05:01 UTC

Chile assesses extent of earthquake damage; police and military ensure order

Chilean authorities proved to be well organized to face the telluric episodes in one of the most geological vulnerable areas

Coastal residents of Chile’s far north spent a second sleepless night outside their homes as major aftershocks continued Thursday following a magnitude-8.2 earthquake that damaged several thousand homes and caused six deaths. But no new major damage or casualties were reported, and a heavy police and military presence kept order.

Friday, April 4th 2014 - 04:35 UTC

Uruguayan government feels it can tame inflation based on March's index

Minister Bergara, the outlook is positive for the coming months

Inflation in Uruguay during March reached 0.58% accumulating 4.74% in the first quarter and 9.73% in the last twelve months, which is seen as 'positive' and an indication that recent measures to contain prices are 'being successful', according to Economy minister Mario Bergara.

Thursday, April 3rd 2014 - 07:25 UTC

Argentina's YPF sells one billion dollars in 10-year bonds at 8.75% rate

YPF desperately needs fresh funds to turn the country again into self sufficient in oil and gas

Argentina’s nationalized oil and gas producer, YPF, sold 1 billion dollars in a bond sale on Tuesday, the company said in a statement. The 10-year bonds will pay 8.75% interest and were five times oversubscribed, YPF said. The U.S. dollar-denominated securities were issued under Argentine law and was considered a great success by the company.

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