Latin America
Latin AmericaMercosur expects to exchange tariff-reduction proposals with EU next June
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.
Brazil/Argentina agree on deal to promote bilateral trade by guaranteeing 'dollar liquidity'
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.
Latam forecasted to grow 3% this year, but fiscal deterioration is serious
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.
‘Kelpers’, helping Argentine to understand the Falklands growing nation
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.
Support for Rousseff faltering, but still the strongest candidate for October's election
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.
Brazil's 2,3% growth in 2013 came as a surprise, even for Minister Mantega
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.
Venezuela opposition leader Leopoldo Lopez will remain in a military prison
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.
Venezuela’s Failing State
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.
Repsol infighting reveals disappointment with CEO Brufau
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.
Latam divided on UN Crimea vote; Mercosur, except for Venezuela abstains
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.
