Latin America

Latin America
Monday, March 31st 2014 - 19:28 UTC

Mercosur expects to exchange tariff-reduction proposals with EU next June

Apparently Cristina Fernandez is now willing to talk about trade with the EU

Mercosur expects to present a joint proposal regarding tariff reductions to the European Union during a meeting next June, according to Brazil's Minister of Development, Trade and Industry, Mauro Borges who apparently convinced a reluctant Argentina to join the group.

Monday, March 31st 2014 - 19:25 UTC

Brazil/Argentina agree on deal to promote bilateral trade by guaranteeing 'dollar liquidity'

Argentine minister Kicillof and Trade minister Borges signed the agreement

Brazil and Argentina signed a deal over the weekend that seeks to guarantee importers will have enough U.S. dollars to pay for exports, a move to increase trade between both nations that has been hit hard by a sharp depreciation of the Argentine peso.

Monday, March 31st 2014 - 16:13 UTC

Latam forecasted to grow 3% this year, but fiscal deterioration is serious

The report from the IDB was released over the weekend at the annual assembly held in Brazil

Latin America and the Caribbean’s economy as a whole will grow by 3% this year and 3.3% in 2015 thanks to “improved economic conditions in the United States and Europe”, the Inter-American Development Bank said in a report released over the weekend.

Saturday, March 29th 2014 - 09:22 UTC

‘Kelpers’, helping Argentine to understand the Falklands growing nation

The cover of the book, which has had a less aggressive reaction than expected, from the Argentine political system

The reaction of the Argentine public to Clarin journalist and author Natasha Niebieskikwiat's recently launched book ‘Kelpers’ has been, “less aggressive,” than she expected Natasha told Penguin News.

Saturday, March 29th 2014 - 06:17 UTC

Support for Rousseff faltering, but still the strongest candidate for October's election

The Brazilian president is well ahead of her potential rivals

Support for Brazilian President Dilma Rousseff has faltered ahead of October's presidential election, a poll showed Thursday, although she remains a favorite to win a second term.

Saturday, March 29th 2014 - 06:11 UTC

Brazil's 2,3% growth in 2013 came as a surprise, even for Minister Mantega

Agriculture and domestic consumption were the driving forces

Brazil's economy expanded 2.3% in 2013, compared with growth of 1% the previous year, the Brazilian Institute of Geography and Statistics, IBGE, said this week. The country's GDP for 2013 was estimated at 4.84 trillion Reais (some 2.05 trillion dollars), the IBGE said.

Saturday, March 29th 2014 - 06:06 UTC

Venezuela opposition leader Leopoldo Lopez will remain in a military prison

The Court of Appeals maintained the charges against Lopez

The Caracas Court of Appeals rejected on Friday the defense attorney's plea for the release of opposition leader Leopoldo Lopez, locked up in a military prison since last Feb. 18, Venezuela's Supreme Court said Friday.

Saturday, March 29th 2014 - 05:50 UTC

Venezuela’s Failing State

The opposition leader at the moment of his arrest; he has been in jail since February 18

By Leopoldo López - Los Teques, Venezuela — As I compose these words from the Ramo Verde military prison outside Caracas, I am struck by how much Venezuelans have suffered.

Saturday, March 29th 2014 - 05:29 UTC

Repsol infighting reveals disappointment with CEO Brufau

Pemex among other stake holders wants Brufau replaced

Shareholders of Spain's Repsol approved the oil major's 5 billion dollars settlement with Argentina over the 2012 seizure of YPF at an annual meeting on Friday. The agreement had already been approved by the Argentine Congress and by the board of the Spanish company.

Friday, March 28th 2014 - 08:21 UTC

Latam divided on UN Crimea vote; Mercosur, except for Venezuela abstains

“Brazil supports all efforts for a peaceful solution to the crisis and invites the sides to an inclusive dialogue”, said ambassador Patriota

The UN resolution condemning the annexation of Crimea by Russia which was voted on Thursday at the general assembly showed Latin America (and Mercosur) divided on the issue. The non binding resolution sponsored by Costa Rica and the western powers received 100 votes, with 11 against and 58 abstentions.

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