Latin America

Latin America
Saturday, June 20th 2015 - 00:08 UTC

Less millionaires in Latin America because of the fall in commodities' prices

Latin America’s downward trend is largely due to a crash in commodity prices and the resulting 14.8% decline in the Latin American MSCI stock Index.

Latin America posted a decrease in high-net-worth individuals (HNWI) as falling commodity prices affect the continent’s economies, especially Brazil which accounts for more than 50% of Latin America’s HNWI wealth.

Friday, June 19th 2015 - 23:45 UTC

Ecuador's Correa suspends controversial death duties debate until after Pope's visit

“We are aiming for a peaceful, joyful and reflective environment during Pope Francis’ visit; I have decided to temporarily withdraw the bills mentioned”

Ecuador’s President Rafael Correa announced he would temporarily withdraw two controversial tax bills from the legislature, saying he would give the public time to debate them. The bills, which would have raised taxes on inheritances and capital gains, generated uproar that led to mass street protests in recent days.

Thursday, June 18th 2015 - 07:08 UTC

Mercosur/EU hope 'for positive news in third quarter' despite members' domestic problems

Sendic revealed that not only Argentina has 'difficulties' for a Mercosur/EU accord: the same can be said of several European countries

The European Union also has difficulties in completing a draft proposal of goods and services to exchange with Mercosur in the search for a long delayed trade agreement between the two blocks, revealed Uruguayan vice-president Raul Sendic during a report to the Senate on his recent 10/11 June trip to Brussels for the Celac/EU summit. However in “the third quarter of the year there should be positive news”.

Thursday, June 18th 2015 - 06:02 UTC

Falklands' makes its debut among Argentine fans in the America Cup

The Argentine fans share with their English counterparts a history of violence and excesses

The America Copa (Cup) currently being played in Chile, and the region's national teams main football competition, has not been without incidents. The one that has attracted most headlines, so far, was the host's leading squad player, Arturo Vidal who went on public television to apologize for drunk driving after crashing his Ferrari.

Wednesday, June 17th 2015 - 05:06 UTC

OAS and Haiti agree on electoral calendar and an observation mission

Lener Renauld, Minister of Foreign Affairs and Minister of Defense, and Secretary General Luis Almagro

The Organization of American States (OAS) will send an Electoral Observation Mission to the presidential, legislative, municipal and local elections to be held in Haiti in 2015, according to the agreement signed on Tuesday by Secretary General Luis Almagro, and Haiti's Foreign minister, Lener Renauld.

Monday, June 15th 2015 - 04:53 UTC

UK High Commissioner dismisses Venezuela's (oily) claim on Guyana's maritime front

 “UK is clear that the Venezuela-Guyana land border is, and should be, as agreed under the 1899 Arbitration Agreement”, said Commissioner Quinn

British High Commissioner to Guyana, James Gregory Quinn has dismissed Venezuela’s most recent claim on Guyana’s oil rich Essequibo Coast, stating that it lacks solid grounds. Venezuela’s President Nicholas Maduro on May 27 signed a decree that now claims an entire portion of Guyana’s territory into the Atlantic Ocean and includes the Stabroek Block where a significant portion of oil was recently discovered by US oil giant, ExxonMobil.

Friday, June 12th 2015 - 06:14 UTC

Guyana turning to United Nations to address Venezuela's territorial ambition

Besides the UN, Greenidge said Guyana has been in contact with members of the international community, as well as Caribbean and Commonwealth states

Guyana is turning to the United Nations to reach a legal settlement in its border dispute with Venezuela, describing Caracas’ claim of a portion of maritime space where oil was recently discovered as “a baseless and shameless attempt” at usurping Guyana’s territory.

Friday, June 12th 2015 - 05:05 UTC

Rousseff denies being upset with Argentina over Mercosur and trade policies

“It is very important that Mercosur stays together. Argentina is a great partner, and we have definitely not lost patience with Argentina” said Rousseff

Brazilian President Dilma Rousseff stated on Thursday in Brussels she was not upset by differences with Argentina over the trade agreement Mercosur is to sign with the European Union, despite president Cristina Fernandez administration's cold feet on the issue.

Thursday, June 11th 2015 - 08:37 UTC

Cuban novelist receives highest award of the Spanish language

Padura was born in Havana and is best known in the English speaking world for his quartet of detective novels: The Four Seasons with lieutenant Mario Conde.

The Princess of Asturias Award for Literature has gone to the Cuban novelist and journalist Leonardo Padura. There were 27 nominations from around the world for the prestigious award which has been won in the past by people of the stature of writer John Banville, Leonard Cohen and dramatist Arthur Miller.

Thursday, June 11th 2015 - 00:41 UTC

Mercosur ready to deliver its proposal for the trade agreement with EU

“I told PM Michel that Brazil and Mercosur are ready to present their trade proposal to the EU in the coming days or weeks” underlined Rousseff

Mercosur is ready to deliver its proposal on goods, services and tariff reductions as part of the negotiations with the European Union for a trade and cooperation agreement, said Brazilian president Dilma Rousseff on Wednesday, following a meeting in Brussels with Charles Michel, Belgium's Prime minister.


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