Latin America

Latin America
Thursday, July 7th 2016 - 06:46 UTC

Cristina Fernandez back in court: Judge decides inhibition on her properties

Judge Bonadio decided an inhibition on Cristina Fernandez properties after she rejected a 15-million Peso embargo on her assets.

Former Argentine President Cristina Fernandez on Wednesday filed a complaint against the judge who recently opened an investigation into allegations she defrauded the state as part of her government's handling of the dollar futures market. Fernandez, who governed Argentina from 2007 to 2015, filed the complaint against judge Claudio Bonadio after appearing in his court in connection with the case.

Wednesday, July 6th 2016 - 04:02 UTC

Temer extends a Rio Olympic Games open arms message to the world

The Olympic Village, housing more than 17,000 participating athletes in one of Rio de Janeiro’s most beautiful settings, has just been inaugurated.

With just a month to go to the Olympic Games, Michel Temer Brazil’s interim president, invites the world to experience the beauty of Rio de Janeiro. The following is his welcome message to the world’s athletes, officials and fans:

Monday, July 4th 2016 - 09:56 UTC

Exxon-Mobil-Hess confirm that off Guyana coast oil discovery is largest in two years

The Liza field could turn out to be the largest oil discovery reported in two years and the companies say that it could cost US$18 billion to develop.

ExxonMobil and its partner Hess Corp. have announced that the major discovery off the coast of Guyana, in the north of South America and bordering with Venezuela, is a discovery that is much larger than previously expected.

Friday, July 1st 2016 - 08:45 UTC

Pacific Alliance after stronger integration and closer links with the EU

Michelle Bachelet urged the bloc to expand integration efforts to Mercosur, the other Latin American alliance, to obtain greater benefits.

The presidents of Chile, Colombia, Mexico and Peru, the four member states of the Pacific Alliance, met on Thursday in the Chilean town of Puerto Varas to strengthen their economic integration in order to deal with the ravages of global finance. They also called for closer links with the European Union to bolster education for development.

Monday, June 27th 2016 - 08:01 UTC

Temer will be absent from Mercosur summit; displeasure with Venezuela

Temer ”does not wish to participate in the solemnity of the event when Venezuela takes over the Mercosur presidency “according to sources in Folha de Sao Paulo.

Brazilian interim president Michel Temer will be absent from the next Mercosur summit scheduled to take place in Montevideo, and this decision is considered a strong message to the Venezuelan government of president Nicolas Maduro that will be taking the group's chair for the next six months.

Monday, June 27th 2016 - 07:15 UTC

Brazil's recession greater risk than Brexit for Argentina: could chip 1.5 percentage points from GDP

“Brazil is the difference between growing and not growing for the first year of our administration. It’s really critical,” said Minister Prat Gay

Argentina’s annual rate of inflation was likely to have reached an annualized 42% through May, but should begin to slow in June with a return to growth also on the horizon, Finance Minister Alfonso Prat-Gay said in an address to investors in New York. The minister also said that for Argentina, Brazil's recession had a greater impact than Brexit.

Monday, June 27th 2016 - 06:53 UTC

Panama opens long-delayed US$ 4.5bn canal expansion: massive litigations looming

At 1250 GMT, Chinese container ship “Cosco Shipping Panama” entered the Agua Clara lock on the Atlantic to begin the first crossing of the 80.45-km-long waterway

Panama opened the long-delayed US$5.4 billion expansion of its shipping canal amid cheering crowds on Sunday, despite looming economic uncertainty in the shipping industry and a heated battle over billions in cost overruns.

Friday, June 24th 2016 - 08:28 UTC

Colombia-FARC, “a historic event and exemplary implementation of peace”

UN Secretary-General  Ban ki Moon

United Nations Secretary General Ban Ki-moon attended in Cuba the signing of a bilateral ceasefire agreement and laying down of weapons between the Government of Colombia and the Revolutionary Armed Forces of Colombia-People’s Army (FARC-EP) and described the historic event as an exemplary implementation of peace.

Friday, June 24th 2016 - 04:12 UTC

Colombia signs historic cease fire to end half a century armed conflict

Castro handed the document to Colombian President Juan Manuel Santos and FARC chief Rodrigo Londoño, who shook hands amid applause.

An agreement aimed at ending more than five decades of conflict between the Colombian government and the FARC guerrilla group was signed in Havana on Thursday at a ceremony presided over by Cuban head of state Raul Castro.

Thursday, June 23rd 2016 - 08:09 UTC

Colombia and FARC are to sign bilateral and definitive ceasefire 23 June in Havana

”So that the horrible night ends and the path to peace and hope opens, we will announce (the deal) on Thursday 23 June. The last day of conflict,” said Lozada

Colombia and the Revolutionary Armed Forces of Colombia (FARC) reached an agreement on a bilateral and definitive ceasefire that will pave the way for a referendum on a peace deal between the warring parties, a senior FARC negotiator said on Wednesday.

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