Latin America

Latin America
Friday, December 5th 2014 - 06:19 UTC

Latin America 'unfortunately' has a very low participation in global trade

Rodriguez said that “south-south” trade had increased from less that 5% in 1990 to almost 18% last year, on the back of the integration process

Latin America 'unfortunately' has a very low participation in world trade which is a major challenge for the region, according to Gonzalo Rodriguez, member of Mercosur technical staff, who was one of several speakers at the preamble of Unasur summit.

Thursday, December 4th 2014 - 06:06 UTC

Ecuador to combat IUU fishing as part of trade agreement with the EU

EU is the main market for Ecuadorian tuna, accounting for 65% of exports. The country is also the leading supplier of canned and pre-cooked tuna.

Ecuador's Deputy Minister of Aquaculture and Fisheries organized a workshop with representatives from various government institutions related to port and maritime fisheries control in the country in order to develop a National Action Plan to prevent, deter and eliminate illegal, unreported and unregulated (IUU) fishing.

Thursday, December 4th 2014 - 04:54 UTC

Pacific Alliance integrated stock markets, MILA, begins operations from Mexico

MILA said the transaction was the purchase by Mexican brokerage Grupo Bursatil Mexicano (GBM) of 200 shares in Chile-based retailer Falabella

Mexico's stock exchange on Tuesday carried out its first operation as a member of the Latin American Integrated Market, or MILA, which connects it to bourses in Chile, Colombia and Peru, MILA said in a statement. The four countries are members of the Pacific Alliance an open market, pro business and foreign investment group created in 2012.

Wednesday, December 3rd 2014 - 09:31 UTC

Analysts anticipate 'painful adjustment' for Uruguay if there is a continuity of current policies

Vazquez promise of continuity and more social spending with the economy at full capacity, “most likely will generate more inflation and more strains”

High inflation, relatively weak economic growth and an exhausted growth model are forecasted for Uruguayan president-elect Tabare Vazquez second administration as of next March, according to the latest report from two Capital Economics analysts.

Wednesday, December 3rd 2014 - 07:48 UTC

Latam forecasted to grow 2,2% in 2015, but this year will only average 1.1%

Countries leading regional expansion next year will be Panama, 7% of GDP growth; Bolivia 5.5%, and Peru, the Dominican Republic and Nicaragua 5.0% said Barcena<br />

Economic growth in Latin America and the Caribbean will recover in 2015 and reach 2.2% on average, according to new estimates unveiled on Tuesday by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).

Saturday, November 29th 2014 - 07:45 UTC

Vazquez and Mujica disputing the leadership of Uruguay's ruling Broad Front

Vazquez victory on Sunday would confirm a third consecutive administration for the Broad Front coalition, in all cases with legislative majority

On Sunday Uruguayan voters will confirm in a runoff the country's next president, which according to all forecasts will be Tabare Vazquez. An oncologist by training, former president (2005/2009) and former mayor of the City of Montevideo, Vazquez and the Broad Front coalition was just less than three percentage points short of the needed 50% in the first round on October 26.

Saturday, November 29th 2014 - 07:30 UTC

Health professionals from Latam and Caribbean train for management of Ebola

”The goal of the workshops is to strengthen the clinical response capacity of doctors and nurses assigned to treat Ebola patients,” said Dr. Marcos Espinal

Health professionals from more than 30 countries in Latin America and the Caribbean will receive training in clinical management of Ebola in three upcoming workshops sponsored by the Pan American Health Organization/World Health Organization (PAHO/WHO). The workshops are part of a series of PAHO/WHO actions intended to help countries strengthen their preparedness for potential cases of Ebola.

Saturday, November 29th 2014 - 07:11 UTC

IDB loan for Uruguay to promote quality investments and exports

The program will support Uruguay's efforts to consolidate a series of wide-ranging sector reforms aimed at boosting policies to attract investment.

The Inter-American Development Bank (IDB) has approved a 120 million dollars loan to finance the second phase of Uruguay's Strategic International Positioning Program. Its goal is to consolidate the country's international positioning, contributing to an increase in investments—mainly those aimed at high value-added sectors— and exports.

Saturday, November 29th 2014 - 04:47 UTC

Argentine swimmer crosses the Falklands' sound in 2 hours and 7 minutes

Argentine amateur distance swimmer Agustin Barletti (53) swam across Falklands Sound on November 9 in 2 hours and 7 minutes. The Argentine, who has also swum the Strait of Gibraltar between Europe and Africa hit it lucky with calm weather and the swell only increasing as he finished.

Friday, November 28th 2014 - 06:46 UTC

New Brazilian minister pledges realistic fiscal targets and balanced economic growth

“We are not in a moment of crisis, so it is important to lay the basis for the next few years,” Levy told reporters in a first attempt to transmit confidence

Brazilian President Dilma Rousseff finally announced on Thursday the appointment of Joaquim Levy, as her next Finance minister who is also known as the 'scissors man', who pledged more realistic fiscal targets and promised more balanced economic growth.

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