Latin America

Latin America
Saturday, June 21st 2014 - 09:04 UTC

Brazil disappointed with Argentina's 'lack of ambition' in reaching trade accord with EU

The administration of Cristina Fernandez wants a seven year grace before reducing some tariffs

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.

Saturday, June 21st 2014 - 08:54 UTC

Pacific Alliance bourses, MILA, planned to be integrated by end of year

“The Pacific Alliance will have in MILA's bourses an effective instrument of economic integration,” said Luis Tellez

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.

Saturday, June 21st 2014 - 08:35 UTC

Bachelet proposes meeting of Mercosur and Pacific Alliance leaders

Bachelet addressing at the Alliance summit

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.

Friday, June 20th 2014 - 06:50 UTC

Uruguay advances details of third oil and gas bid round Punta del Este basin

Four ultra-deepwater (3.000/4.000 meters) and seven shallow-water blocks will be on offer

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.

Friday, June 20th 2014 - 06:34 UTC

Colombia-Brazil consider closer links between Pacific Alliance and Mercosur

Closer links between the Pacific Alliance and Mercosur can make them stronger, said the presidents at the Alvorada Palace

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”.

Friday, June 20th 2014 - 06:19 UTC

Mujica delivers Obama message to Castro: 'let's talk about lifting the trade embargo”

Mujica with Obama at the White House during last month's visit to Washington

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.

Thursday, June 19th 2014 - 18:33 UTC

Argentina says June 30 bond service in New York was made 'impossible' by lifting 'stay' order

Kicillof's ministry made the announcement late Wednesday which means an imminent 'technical default'

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.

Thursday, June 19th 2014 - 06:02 UTC

Brazil gives 85 hooligans 72 hours to leave the country or be deported

Hooligans broke into the press center of the Maracaná stadium minutes before the Chile/Spain match  (Pic BBC)

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.

Wednesday, June 18th 2014 - 23:04 UTC

Queen Elizabeth’s birthday celebrated in Uruguay

British Ambassador to Uruguay Mr. Ben Lyster-Binns delivering his Queen´s birthday speech at the British Embassy in Montevideo.

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.

Wednesday, June 18th 2014 - 08:31 UTC

Uruguay economy growing at a slower pace: imports up; exports stagnant

Manufacturing and construction activity strongly influenced by the pulp industry

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.

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