Latin America

Latin America
Monday, April 6th 2015 - 16:43 UTC

Mexican oil production drops following deadly fire on offshore rig

 Production fell from 650,000 barrels per day to 430,000 in the Campeche Sound region of the Gulf of Mexico after Wednesday's blast and blaze (Pic AFP)

Mexico's oil production dropped following a deadly fire at an offshore platform, while authorities are still searching for three missing workers, state-run energy firm Pemex said.

Friday, April 3rd 2015 - 07:49 UTC

Caribbean countries hold for fifth consecutive time OAS Permanent Council chair

Ambassador Parsan expressed the honor he felt at leading the Permanent Council and reiterated the “commitment of Trinidad and Tobago to the values and principles of the OAS”

The Permanent Representative of Trinidad and Tobago to the Organization of American States (OAS), Neil Parsan DVM, MBA, CACM, RFC, was inaugurated on Thursday as Chair of the Permanent Council of the hemispheric institution, a position he will hold for the next three months and in which he follows the Ambassador of Suriname, Niermala Badrising.

Friday, April 3rd 2015 - 06:52 UTC

Cable & Wireless consolidates in the Caribbean and targets Latin America

Bentley said CWC, which operates in the Caribbean under the name LIME expects significant operating synergies and an improved customer experience

British telecommunication company, Cable and Wireless Communications, Plc (CWC) Tuesday announced it had completed its US$1.85 billion acquisition Columbus International Inc (CII).

Wednesday, April 1st 2015 - 08:14 UTC

Latam countries the happiest, according to Gallup's Positive Experience Index

The ten ranked countries are from Latin America beginning with Paraguay

People in Latin America are the most likely in the world to experience a lot of positive emotions on a daily basis, according to Gallup's Positive Experience Index. In fact, for the first time in Gallup's 10-year history of global tracking, all of the top 10 countries with the highest Positive Experience Index scores are in Latin America.

Wednesday, April 1st 2015 - 06:35 UTC

Peruvian president after new prime minister: seven in less than four years

Seventy-two lawmakers voted to remove Prime Minister Ana Jara from office after less than a year in the job, while 42 opposed the move and two abstained.

Peru's prime minister was ousted by Congress in a vote of no confidence late on Monday following allegations of spying on her opponents, delivering a blow to President Ollanta Humala who will now have to form another new government. The new PM will be Humala's seventh in less than four years.

Wednesday, April 1st 2015 - 06:21 UTC

Fiscal imbalances and higher financial risks ahead for Latin America warns IDB

”Countries will need to find ways to enhance revenues and the efficiency of spending while they protect social gains” said JJ Ruiz IDB chief economist

Most Latin American and Caribbean countries need to make budget adjustments in the face of rising fiscal imbalances and higher financial risks, according to the Inter-American Development Bank’s annual macroeconomic report issued this week.

Tuesday, March 31st 2015 - 11:47 UTC

OAS General Assembly to be held in Washington following Haiti's declination

Haiti declined to organize the Assembly for domestic reasons, as the Haitian Foreign minister Duly Brutus, expressed in a letter to José Miguel Insulza.

The Permanent Council of the Organization of American States (OAS) decided on Monday to hold the 45th meeting of its General Assembly on June 15/16 at its headquarters in Washington, DC, after Haiti declined to host the event.

Monday, March 30th 2015 - 06:20 UTC

Cruise lines are preparing for the Cuban rush of US tourists

European and Canadian-owned cruise lines often make stops in Havana. Tourism is already a major part of the Cuban economy

Although U.S. tourists are still technically banned from visiting the Caribbean country, one of the world's last remaining authoritarian regimes, the process of normalizing relations between the U.S. and Cuba has the cruise industry ready to pounce, according to Maritime Link.

Saturday, March 28th 2015 - 11:29 UTC

British experts in sports security visited Uruguay to exchange experiences

 Ms. Storey and Mr. Galilee had the opportunity to attend a football match and to visit the Centenario Stadium, as well as other sports grounds.

British experts in sports security visited Uruguay and shared experiences in sports security management with their counterparts. The UK delegation was made up of Sue Storey, Director of Sports and International Development, and Geoff Galilee, Sports Football Clubs Inspector of the Sports Ground Safety Authorization, SGSA.

Friday, March 27th 2015 - 08:57 UTC

Uruguay's economy expanded 3.5% in 2014, completing over a decade of sustained growth

With the exception of construction, most of other sectors, manufacturing, communications and transport expanded strongly

Uruguay's GDP expanded a strong 3.5% during 2014 over the previous year, with positive activity in most sectors of the Mercosur member economy, according to the latest report from the Central bank. The result was in line with government officials expectations of 3% growth last year.

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