Latin AmericaLatin America
Argentina and Brazil have again clashed not over football but over trade and Mercosur according to the Sao Paulo media. Brazil believes there is a lack of ambition from Argentina to finish polishing the proposal to be exchanged with the European Union for a much delayed cooperation and trade agreement.
Mexico's stock exchange plans to be connected to bourses in Chile, Colombia and Peru by year-end through the Latin American Integrated Market, or MILA, nearly doubling the size of the bloc, it was announced in Mexico City.
Chilean President Michelle Bachelet on Friday proposed a September gathering between officials and business leaders from Mercosur and the Pacific Alliance in hopes of creating a tie-up between the two Latin American trade groups.
Uruguay has released a draft map of four ultra-deepwater and seven shallow-water blocks in the Punta del Este-Atlantic basin that will be on offer in the country’s third oil and gas bid round next year, officials said in Moscow this week, according to the oil and gas site Upstream.
Colombia and Brazil's presidents Juan Manuel Santos and Dilma Rousseff met in Brasilia to address regional and bilateral affairs and the possibility of closer links between the Pacific Alliance and Mercosur, which are naturally complementary and do not compete among themselves.
Uruguay's president Jose Mujica delivered a message from Barak Obama to Cuba's Raul Castro proposing the opening of dialogue to discuss the blockade, reported the Montevideo media on Thursday. The occasion was the recent G77 summit held in Bolivia.
Payment of bond service due on June 30 in New York has been made impossible by Wednesday's lifting of a stay by a U.S. federal court, Argentina's economy ministry said on Wednesday, in a move that appeared to push the country closer to default.
At least 85 hooligans mostly Chileans were given 72 hours to abandon Brazil following their arrests for having broken into the Maracaná stadium and destroyed most of the press centre. The incidents happened minutes before the Chile-Spain match in Rio do Janeiro on Wednesday when the South American team knocked out the reigning Cup kings.
Her Majesty the Queen´s 88th birthday was celebrated at the British Embassy in Uruguay when Ambassador Ben Lyster- Binns and his wife Belinda hosted a reception for 300 invited guests.
Uruguay's economy expanded 2.4% in the first quarter compared with the same 2013 period, but contracted 0.4% compared with the fourth quarter of last year, the central bank said this week. However deceleration is a fact since growth of the first quarter in 2013 has gone up 4.6% over 2012.