Latin America

Latin America
Thursday, August 7th 2014 - 07:41 UTC

Putin retaliates US/EU sanctions: plans to redirect food purchases from Latam

Russians are by far the biggest buyers of EU fruit and vegetables, having bought 21.5% of EU vegetable exports and 28% of the bloc's fruit exports in 2011

Russia will ban all imports of US food products as well as fruit and vegetables from the European Union after President Vladimir Putin ordered retaliation for Western sanctions against Moscow, a state news agency reported today.

Thursday, August 7th 2014 - 07:34 UTC

Carnival Cruise Lines to build a 70m tourism port at La Tortue, in Haiti

“It is worth it to know that the money that you are spending while having fun is helping someone to get out of poverty”, said PM Lamothe

Haiti announced it has signed a multi-million dollar agreement with the US-based Carnival Cruise Lines to build a tourism port on the island of Latortue, north of the island. Prime Minister Laurent Lamothe said the 70 million dollars project will help improve the lives of the estimated 36,000 people residing in the area.

Thursday, August 7th 2014 - 06:32 UTC

Mercosur trade deal is a priority for the EU under Italian presidency

Ms Mogherini said it was essential for Europe to have closer trade and political links with other regions of the world.

Foreign minister Federica Mogherini pledged that under the current Italian presidency of the European Union, top priority will be given to signing the pending trade agreements, among which that with Mercosur still under discussion.

Wednesday, August 6th 2014 - 21:21 UTC

Latam food prices at slow growth rate for third month running, says FAO

The lower rate of food inflation in the region in June largely responds to the change in inflation in Brazil and Mexico

FAO’s Monthly Food Price Report notes that food prices in Latin America and the Caribbean reduced their growth rate for the third consecutive month. Regional food inflation increased only 0.5% in June, down from 1% in May and 1.2% in April, which is particularly relevant for the poorest, who spend a larger proportion of their income on food.

Wednesday, August 6th 2014 - 08:47 UTC

Caribbean Chikungunya cases over half a million, says PA health organization

PAHO said that the total figure for the mosquito-borne disease had reached 513,393 cases compared with 473,523 cases a week earlier.

The Pan American Health Organization (PAHO) says the number of new cases of the Chikungunya in the Caribbean increased by nearly 38,000 last week with the Dominican Republic having the most cases.

Wednesday, August 6th 2014 - 00:12 UTC

Paraguay sells 1 billion dollars in 30-year sovereign bonds

“Demand was three times the issue offered” revealed Cartes, who also called on public opinion to ensure “funds are effectively used for what they are meant”

Paraguay sold 1bn (one billion) dollars in 30-year bonds on Monday in New York, its second international debt issue in less than two years. President Horacio Cartes said in a statement that the issue's 6.1% yield is unprecedented for the country, and that the proceeds will be used for highway, building and energy infrastructure, as well as agricultural production.

Tuesday, August 5th 2014 - 06:42 UTC

Food loss and waste in Latam could feed the region's 47 million hungry

 “Addressing this issue is essential for progress in the fight against hunger and must become a priority for governments in the region” said Benitez

In Latin America and the Caribbean more food is lost and wasted than is needed to meet the nutritional needs of the 47 million people who still suffer from hunger in the region, according to FAO. The report Losses and waste of food in Latin America and the Caribbean of the FAO Regional Office says that 6% of global food losses occur in the region.

Thursday, July 31st 2014 - 07:39 UTC

Mercosur divided on the Gaza Strip statement; Paraguay dissented

“Paraguay favors dialogue and rejects all forms of violence”, said Foreign minister Eladio Loizaga

Paraguay strongly objected a draft Mercosur declaration on Gaza which wanted to openly support Palestine and unilaterally condemn Israel's bombings and incursions, according to sources at the group's summit which took place Tuesday in Caracas.

Thursday, July 31st 2014 - 01:15 UTC

“Argentina will imminently be in default: no agreement was reached”, said Pollack

Special Master said default is not a mere “technical” condition, but rather a real and painful event that will hurt real people

“Unfortunately no agreement was reached and Argentina will imminently be in default”, admitted Daniel A. Pollack, the Special Master appointed by Judge Thomas P. Griesa to conduct and preside over settlement negotiations between Argentina and its holdout bondholders. Pollack emphasized that with default “the ordinary Argentine citizen will be the real and ultimate victim”.

Wednesday, July 30th 2014 - 08:01 UTC

Japan's PM Abe at CARICOM summit pledges development support

 Tokyo's policy of “Proactive Contributor to Peace” would see Japan “engaged more proactively in strengthening our UN diplomacy”, said Abe.

Heads of Government of the fourteen Caribbean Community (CARICOM) “were heartened” by their Japanese counterpart’s Shinzo Abe positive response to a number of issues raised during their one-day summit in Guyana.

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