Latin America

Latin America
Wednesday, October 28th 2015 - 09:11 UTC

UN condemns 191-2, US embargo on Cuba, despite restored relations

US deputy ambassador Ronald Godard said before the vote that Cuba is “mistaken” if it thinks the measure will improve efforts to normalize relations.

United States on Tuesday voted against a U.N. resolution condemning its embargo on Cuba, even though President Barack Obama has called on Congress to lift the trade restrictions. The vote was the first since the U.S. and Cuban leaders agreed to restore diplomatic ties last December, and the U.S. had considered taking the unprecedented step of abstaining.

Wednesday, October 28th 2015 - 07:54 UTC

Venezuela warns Canada over mining activities in Guyana: 'infringing on territorial sovereignty'

Venezuela issued a warning letter to Guyana Goldfields Incorporated, informing that its operations are “infringing on the territorial sovereignty of Venezuela”.

Venezuela has objected to a Canadian mining company operating in Guyana, telling the company it is infringing on Caracas’ sovereignty. And the move has not gone down well with Guyana’s president David Granger.

Tuesday, October 27th 2015 - 07:55 UTC

Comedian cowboy who wanted to become president, finally makes it in Guatemala

“With this election you have made me president, I received a mandate and that mandate is to fight the corruption that has consumed us,” said Morales

Comedian Jimmy Morales won a landslide victory in Guatemala's presidential race Sunday despite having no political experience, after a campaign upended by a corruption scandal that felled the outgoing president. Morales, a comic actor and TV personality, declared victory after election officials released the resounding results: 68% of the vote for the conservative candidate to 32% for former first lady Sandra Torres.

Friday, October 23rd 2015 - 07:02 UTC

Cristina Fernandez is falling back, but with great power and plans to return in 2019, says Fraga

Cristina Fernandez made in congress an unprecedented  display of force for an Argentine president, underlining the quality and efficiency of her leadership

President Cristina Fernandez is falling back ahead of Sunday's election, but with great power, and she has the intention of returning to office in the next presidential elections, 2019, said the political analyst and columnist Rosendo Fraga regarding the current political scenario in Argentina. On Sunday Argentines will be electing president, half the Lower House a third of Senate seats, governorships and for the first time Mercosur parliament representatives.

Thursday, October 22nd 2015 - 07:42 UTC

Latin America's 2013/15 exports, worst performance in eight decades says ECLAC

“The region is at a crossroads” warns ECLAC’s Alicia Barcena who underlined more international insertion is needed.

The value of Latin America’s exports will continue to decline through 2015 by 14%, with Argentina faring slightly worse with a reduction of 17%, says the UN Economic Commission for Latin America and the Caribbean (ECLAC) report, which also indicated that the value of imports to Argentina are set to fall by a smaller 10%.

Monday, October 19th 2015 - 09:53 UTC

Guyana beefs up reserves to protect country from Venezuela and Suriname

“All the elements and instruments of national power need constantly to be employed in order to protect our territory” Guyana president David Granger

Against the background of what he said were continued territorial threats from both Venezuela and Suriname, Guyana President David Granger has announced a Total National Defense Policy.

Thursday, October 15th 2015 - 07:18 UTC

Cruise ship industry concerned about escalating crime in the Caribbean

A Carnival Cruise Line executive reportedly warned Bahamas officials about the crime situation in Nassau, and was considering issuing crime warnings

Reports of escalating crime in the Caribbean have renewed the debate about how it affects the millions of cruise ship passengers and other tourists who visit the region each year.

Wednesday, October 14th 2015 - 21:35 UTC

FIH to Travel Mart Latin America

“There was tremendous interest in the Falklands” said Ms. Luxton (Pic L)

Falkland Islands Holidays represented by Jenny Luxton and Sue Smith attended the 39th Annual Travel Mart Latin America Tourism Business Development event in Guatemala this year.

Wednesday, October 14th 2015 - 11:40 UTC

US hedge fund threatens to sue Peru on defaulted bonds from 1980s

Peru  defaulted on $5.1bn in bonds in the 1980s. Gramercy has threatened to bring a claim under a tribunal system established in a US-Peruvian trade deal.

A US hedge fund has threatened to sue Peru over bonds issued by the country's former military regime. Connecticut-based hedge fund Gramercy purchased the defaulted debt at a discount in 2008 after other bondholders failed to reach a deal.

Wednesday, October 14th 2015 - 11:00 UTC

Global banks warn net outflows from emerging markets close to $800 billion

“We have never seen something like this,” said Hung Tran from IIF. “Net  outflows from emerging markets could be around $800bn this year and next”

After a week of discussions at the annual IMF assembly in Peru, bankers and policy makers agreed that stemming the rush of investments from emerging markets was one of the most important challenges facing the global economy. But there was little agreement on how to actually do that.


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