Latin America

Latin America
Wednesday, March 16th 2016 - 07:18 UTC

OAS observers to the Dominican Republic general elections on 15 May

The Electoral Observation Mission (EOM) to the general elections of May 15 will be headed by the former President of Colombia, Andrés Pastrana.

The Organization of American States (OAS) and the Government of the Dominican Republic signed formal agreements by which the hemispheric institution will send an Electoral Observation Mission (EOM) to the general elections of May 15, which will be headed by the former President of Colombia, Andrés Pastrana.

Saturday, March 12th 2016 - 05:40 UTC

Chile's challenge: disposing 27.700 tons of algae/bloom dead salmon

Sernapesca director José Miguel Burgos reported that the Chilean Navy authorized the dumping of 300 tons dead salmon at sea, 75 miles offshore

More than 27,733 tons, equivalent to 72% of the total salmon mortality caused by algae bloom, have been removed from the farms affected by this contingency, Chile's National Fisheries and Aquaculture Service (Sernapesca) informed. In a new report on the emergency affecting the salmon farming industry in the Chilean southern region of Los Lagos, Sernapesca pointed out that 38 farms have been affected by microalgae bloom in the Concession Groups (ACS) 1, 2, 3A, 6, 7, and 10B, with a total mortality amounting to 23.8 million fish, equivalent to more than 38,500 tons.

Friday, March 11th 2016 - 20:47 UTC

Odebrecht's involvement in Petrobras corruption scandal costing the conglomerate dearly

Creditors are demanding the company's crown jewel as collateral to refinance the group's debt. The company has an annual turnover of US$ 31bn

The Odebrecht group of companies, whose top officials have been sentenced to prison for involvement in the corruption scheme of Brazil's largest company Petrobras, has come under strong pressure from its creditors to use the crown jewel, the petrochemical company Braskem as collateral to avoid filing for bankruptcy.

Friday, March 11th 2016 - 05:22 UTC

Purge in YPF; financial expert chosen as successor of Galuccio

Gutiérrez, formerly head of telecommunications giant Telefónica with 25 years experience in global financial circles, will be proposed at a shareholders meeting

Miguel Ángel Gutiérrez looks is to become the new president of Argentina’s state-controlled energy giant YPF, it was revealed this week after Miguel Galuccio confirmed he will step down as head of the company on April 30.

Friday, March 11th 2016 - 05:18 UTC

Brazil's Odebrecht network of alleged bribery practices investigated in several Latin American countries

“We’re looking to determine whether the cartel maneuvers witnessed in Brazil were replicated here in some form. Odebrecht is one of those implicated” said Rodriguez

Argentina is investigating whether the local unit of Brazil's Odebrecht paid bribes to government officials, an Argentine prosecutor said this week, deepening the regional fallout from the biggest corruption scandal in Brazil’s history.

Thursday, March 10th 2016 - 21:28 UTC

Catches of Peruvian giant squid are showing a slow recovery: shift of oceans winds

 Northern Chimbote giant squid: there are landings of about 80 tons per day and all of it is sent northwards.

Catches of Peruvian giant squid (Dosidicus gigas) are showing a slow recovery, something that has long been awaited not only by local fishermen and industrialists, but also by the largest processors in Europe and Asia.

Thursday, March 10th 2016 - 06:26 UTC

Falklands' sovereignty issues has been solved, says MLA Phyllis Rendell

”We're not going to discuss sovereignty, not with the government of (president Mauricio) Macri, or anybody for that matter ”.(Piic ABC Color)

The member of the Falklands/Malvinas legislative assembly Phyllis Rendell on a private visit to Paraguay openly stated that the South Atlantic archipelago claimed by Argentina is a British Overseas Territory and underlined that the sovereignty issue was settled with a war between the two sides over thirty years ago.

Tuesday, March 8th 2016 - 07:30 UTC

Malcorra in Bolivia holds talks on energy, drug trafficking, science development and South Atlantic Islands

The Argentine minister Susana Malcorra with Bolivian president Evo Morales

Issues related to energy, drug trafficking and border controls, science and technology development, plus support for the South Atlantic Islands and adjoining maritime spaces claim, were among the main issues addressed by Argentina's foreign minister Susana Malcorra during her visit to Bolivia where she met president Evo Morales and her peer David Choquehuanca Cespedes.

Monday, March 7th 2016 - 04:34 UTC

Panama wants to be Home Port for cruises, but companies are 'asking too much'

“We're continuing with the meetings” but demands from the companies are above our estimate of economic return, said Tourism minister Gustavo Him.

Panama is holding tough negotiations with cruise lines hoping they will return to the country, using local facilities as Home Port, but government authorities admit that the demands from the companies are too high.

Saturday, March 5th 2016 - 08:59 UTC

Malcorra sides with Lula da Silva, “hard to believe” what he's going through

“It is hard to believe that a figure with such a record is involved in a criminal case of corruption” Hopefully, this will be settled soon”

Argentine foreign minister Susana Malcorra sided with former president Lula da Silva arguing that it is hard to believe that a leader with such a record is under a criminal investigation, and underlined that all the economic and political scenario of Brazil has a great impact in Argentina.

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