Latin America

Latin America
Monday, July 21st 2014 - 07:14 UTC

Mujica recalls Uruguay's participation in the Triple Alliance major genocide

 Francisco Solano Lopez the Paraguayan leader who fought an unwinnable war

President Jose Mujica underlined the strong identity of Uruguay with the Paraguayan people, but also recalled no the “immense debt that we never settled or will we ever be able to settle for having participated in the War of the Triple Alliance”.

Monday, July 21st 2014 - 07:06 UTC

Guyana offshore oil exploration hampered by neighboring Venezuela

 Natural Resources and Environment Minister Robert Persaud

Guyana’s offshore exploration for oil in areas being contested by neighboring Venezuela is being faced with setbacks. Natural Resources and Environment Minister Robert Persaud in making the revelation said this is linked to the expulsion and temporary seizure of the Malaysian seismic research vessel, RV Teknik Perdana, by Venezuela’s Navy last year.

Saturday, July 19th 2014 - 07:36 UTC

A money rich China and Brazil dispute influence in Latam

“Venezuela is currently China's number one debtor in Latin America, and Beijing's top supplier of oil in the region”, says Mijares

After the BRICS summit and a visit to Brazil, China's President Xi Jinping is embarking on a tour of Argentina, Venezuela and Cuba in a bid to boost ties and gain clout in the region, as analyst Victor Mijares tells Deutch Welle.

Friday, July 18th 2014 - 08:39 UTC

China offers 35bn fund to finance infrastructure projects in Latin America

Xi met with 11 Latin American and Caribbean leaders at the end of a three-day visit to Brazil before heading to Argentina

Chinese President Xi Jinping proposed Thursday to create a 20 billion dollars fund to finance infrastructure projects in Latin America and the Caribbean.

Thursday, July 17th 2014 - 07:20 UTC

CFK says BRICS support Argentina in the holdouts dispute, but where’s the document?

Dilma Rousseff will be taking a proposal on sovereign debt restructuring to the G20 summit in Australia, according to the Argentine president

President Cristina Fernandez assured that Argentina received the support from the group of BRICS countries (Brazil, Russia, India, China and South Africa) in its struggle against the holdout speculative funds, during the two summits held in Brazil, in Fortaleza and Brasilia.

Thursday, July 17th 2014 - 07:14 UTC

CFK admits having to pay 300% profit on holdouts’ dollars, but never 1.680% as pretended

In an impassionate 26 minute speech the Argentine leader called for support in the battle with holdouts

Argentine President Cristina Fernández rejected on Wednesday the possibility of a new default during the UNASUR-BRICS meeting in Brasilia, highlighting Argentina is going to “keep on paying and honoring its debt,” while asking for support against the “so called vulture funds,” who are “pretending to collapse the Argentine debt restructuring.”

Thursday, July 17th 2014 - 05:24 UTC

Brazil’s main October presidential battle will take place in Sao Paulo

Challenger Neves and Dilma, who is seeking re-election, believe Sao Paulo’s voters are more up for grabs than they have been in decades

When opposition party Senator Aecio Neves officially kicked off his presidential campaign last week, he posted a video on Facebook calling for a “fairer, more efficient, and more generous Brazil”. However the word ‘efficient’ struck some as an odd rallying cry in a tropical country known for its, well, un-Swiss-like approach to time.

Tuesday, July 15th 2014 - 06:42 UTC

Chinese president Xi arrives in Fortaleza for the BRICS summit

It is the second time Xi attends the BRICS summit and his second time to visit Latin America since he took office last year

Chinese President Xi Jinping arrived on Monday to Fortaleza, Brazil for a summit of the BRICS countries. The sixth summit of the BRICS, which consists of Brazil, Russia, India, China and South Africa, will be held in Brazil from Tuesday to Wednesday.

Monday, July 14th 2014 - 23:26 UTC

Uruguayans believe government is on the right track, but performance is missing

President Mujica governments on course, but results are very poor

A majority of Uruguayan believe the current government is on the right course but its performance is not satisfactory, according to a local public opinion poll from FACTUM. In effect seven out of ten agree with the course but the same percentages believe the performance is bad.

Monday, July 14th 2014 - 23:09 UTC

Paraguay's currency steadily becoming a 'strong' currency based on positive indicators

The Central bank had international reserves equivalent to 20% of GDP

The Paraguayan currency, Guaraní, is expected to revalue 1.4% against the US dollar by the end of the year becoming one Latam's strongest given its positive macroeconomic indicators. This follows a strong performance during the first half of the year when the price of the dollar in the capital Asunción wholesale money exchanges dropped from 4.450 Guaraní to 4.240, according to private consultants “Consensus Economics”.

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!

Advertisement