Latin America

Latin America
Friday, July 4th 2014 - 06:00 UTC

OAS supports Argentina on hedge funds issue; Timerman regrets “US attitude”

Timerman said he appreciated solidarity and commitment from the region but ”I do not quite understand the US’s position”

The Organization of American States (OAS) voted on Thursday to support Argentina’s position against holdout investors, as well as expressing concern over what the entity called “the behavior of speculative agents that affect global financial stability.”

Wednesday, July 2nd 2014 - 08:00 UTC

Uruguay presents Foreign minister Almagro as OAS Secretary General candidate

Almagro has been foreign minister since Mujica took office in 2010

Uruguay has presented the candidacy of its current Foreign minister Luis Almagro to succeed Jose Miguel Insulza as head of the Organization of American States, OAS Secretary General, it was reported on Tuesday from Montevideo.

Tuesday, July 1st 2014 - 23:16 UTC

Could gang violence end Mexico's shale dream?

Mexican President Enrique Peña Nieto's goal is a production of 3 million barrels of oil per day by 2018

Violence in Mexico could thwart hopes of a budding shale boom, as oil and gas companies operating in Texas may think twice about moving south of the border.
Mexico holds an estimated 545 trillion cubic feet of technically recoverable shale gas and 13 billion barrels of shale oil, but progress in developing those resources has been slow.

Tuesday, July 1st 2014 - 10:16 UTC

Mercosur waking up to the significance and impact of the Pacific Alliance

Uruguay's Vice-president Astori has been most vocal: ”Mercosur mustn’t be a terminal station”; we need trade deals with the Pacific Alliance

Mercosur leaders called for dialogue with the Pacific Alliance over its perception that Mercosur is becoming an obstacle to integration and wider growth in the region. Uruguayan Vice-President Danilo Astori seemingly sparked the debate a few weeks ago when he said that “Mercosur mustn’t be a terminal station,” calling for formal trade deals with the Pacific Alliance.

Tuesday, July 1st 2014 - 08:16 UTC

Obama and 'second favorite Michelle' exchange praise at the White House

“The US is our, I would say, our most important foreign investor. We want to continue that path” said Bachelet

President Barack Obama and Chilean President Michelle Bachelet pledged to work together to strengthen the ties between both nations, including projects on energy, education and free trade. Obama met in the Oval Office on Monday with Bachelet, whom he called his second favorite Michelle.

Tuesday, July 1st 2014 - 07:50 UTC

Uruguay received 237 cruise calls in 2013/14 with 409.367 visitors

A busy day in the port of Montevideo with several cruise vessels

During the 2013/14 season, 237 cruise vessels called in Uruguay's two main ports, Montevideo and Punta del Este, with 409.367 visitors, a 6,3% increase in calls over the previous season, according to a report released by the country's presidential web-site.

Monday, June 30th 2014 - 06:44 UTC

Uruguay ratifies Bolivia's Mercosur incorporation; consolidates Atlantic/Pacific corridor

The Mercosur administrative headquarters building in Montevideo

Uruguay promulgated the bill which incorporates Bolivia as the latest member of Mercosur, the South American group made up of Argentina, Brazil, Paraguay, Uruguay and Venezuela. The incorporation of Bolivia should help with the consolidation of a Mercosur Atlantic-Pacific corridor across South America.

Monday, June 30th 2014 - 05:32 UTC

Falklands becomes launching pad for Argentine presidential hopeful campaign

Cobos at the Argentine memorial in Darwin

The Argentine 2015 presidential campaign has reached the Falkland Islands. Presidential hopeful and former Vice-president Julio Cleto Cobos is currently visiting the Falklands where he arrived on Saturday on the Lan Chile weekly flight and will spend the rest of the week in the Islands.

Saturday, June 28th 2014 - 10:43 UTC

Swire on a five-day visit of Costa Rica, Guatemala and Colombia

Minister Hugo Swire

Foreign Office minister Hugo Swire was on a five day visit to Costa Rica, Guatemala and Colombia this week, following recent elections in both countries and with the purpose of expanding political and trade relations.

Wednesday, June 25th 2014 - 06:22 UTC

Uruguay's second pulp mill begins production: 1.3million tons annually

The complex includes the pulp mill, a harbor and a biomass power plant

Uruguay's second pulp mill Montes del Plata started production this week following an investment of 2 billion dollars, the largest ever in the recent history of the country. The announcement was made by the Chilean-Swedish complex that is running the plant.

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