Latin America

Latin America
Friday, June 10th 2016 - 09:54 UTC

Brazil and Paraguay 'deeply' concerned with the economic and human rights condition in Venezuela

Paraguay's Loizaga held his first round of talks with Serra, after having been received by Brazilian interim president Michel Temer.

Brazil and Paraguay foreign ministers Jose Serra and Eladio Loizaga expressed “deep concern” with the Venezuela crisis situation, particularly the “economic and human rights continued deterioration”, and reiterated their two countries willingness to cooperate and promote dialogue.

Friday, June 10th 2016 - 08:08 UTC

World Bank slashes global growth forecast to 2.4%, down from 2.9%

WB predicts Brazil will continue into a third consecutive year, while Venezuela was predicted to suffer the world’s deepest contraction in 2016.

The World Bank has slashed its 2016 global growth forecast to 2.4% from the 2.9% estimated in January, due to stubbornly low commodity prices, sluggish demand in advanced economies, weak trade and diminishing capital flows.

Friday, June 10th 2016 - 07:11 UTC

Kuczynski becomes Peru's next president, with minimum support in Congress

Four days after voting, electoral officials said that all ballots had been processed and Kuczynski had won 50.1% compared to 49.9% for Keiko Fujimori.

Former World Bank economist Pedro Pablo Kuczynski won the majority of votes in Peru’s closest presidential contest in five decades, election officials announced Thursday, even as his rival Keiko Fujimori had yet to concede defeat.

Thursday, June 9th 2016 - 09:41 UTC

Peruvian election too close to call, and 1% of votes have been challenged

The Oxford-trained economist known as “PKK” maintained his razor-thin edge over Keiko, daughter of jailed ex-president Alberto Fujimori: 50.12% to 49.88%.

Peruvians waited Wednesday to learn who their next president will be, as ex-Wall Street banker Pedro Pablo Kuczynski's camp called his lead insurmountable and controversial rival Keiko Fujimori insisted she still had a shot. Three days after Sunday's runoff election, the race to lead one of Latin America's fastest-growing economies was still too close to officially call, even though 99.5% of the ballots had been counted.

Tuesday, June 7th 2016 - 08:11 UTC

Almagro accuses Macri of reversing campaign promises in the Venezuelan situation

Almagro implied that Argentine Ambassador to the OAS Juan José Arcuri was stalling a discussion on whether or not to invoke the Charter against Venezuela.

After directing criticism at Venezuelan President Nicolas Maduro and urging that Caracas be considered for suspension from the Organization of American States (OAS), Luis Almagro has accused Argentine President Mauricio Macri of impeding those efforts and of reversing his campaign promises of taking a hard line against Maduro.

Monday, June 6th 2016 - 11:07 UTC

Uruguay will hand the Mercosur rotating chair to Venezuela in July and defies OAS chief proposal

President Tabare Vazquez emphasized that Uruguay's position remains as expressed in the 'dialogue' statement shared with Argentina, Chile and Colombia.

Uruguay will hand over the chair of Mercosur to Venezuela at the end of July, as indicated by the organization's calendar, and does not support the implementation of the Democratic clause against the government of president Nicolas Maduro, as sponsored by OAS secretary general, Luis Almagro a former Uruguayan foreign minister.

Monday, June 6th 2016 - 07:54 UTC

Kuczynski has a slight lead over Keiko in the Peruvian presidential runoff

Earlier, polling firm Ipsos said its quick count of a sample of votes gave Kuczynski, known in Peru as PPK, about 50.5% and Fujimori 49.5%, a technical tie

Economist Pedro Pablo Kuczynski had a slight lead over Keiko Fujimori, the daughter of an imprisoned former president, as early results came in from Peru's presidential election on Sunday. The 77-year-old Kuczynski had 50.59% support while Fujimori had 49.41% with about 52% of votes counted.

Friday, June 3rd 2016 - 09:30 UTC

Peru's next president: no economic surprises with a strong dash of populism

Keiko Fujimori has an insignificant lead (statistical tie) over her rival, Pedro Pablo Kuczynski, ahead of the Sunday run-off vote

Less than a decade after Peru imprisoned former President Alberto Fujimori, voters will decide on Sunday whether to put his 41-year-old daughter back in the presidential palace where she once served as his first lady.

Thursday, June 2nd 2016 - 09:20 UTC

Argentina describes Falklands' governor speech on links as 'positive', but they must be bilateral through UK

Malcorra affirmed she was aware that the Falklands' governor had said the Islands were hopeful of a chance for a productive relationship with Argentina

Argentina believes there is an opportunity to improve the relation with the Falkland Islanders, and 'we are exploring available options', but those links must be channeled through bilateral relations with the United Kingdom, since the Islands dispute is with the UK.

Wednesday, June 1st 2016 - 06:06 UTC

Maduro to Almagro: “stick up the Democratic Charter wherever it fits”

“Venezuela will be respected and nobody’s going to apply any charter of any kind – or whatever they want to call it – to Venezuela,” Maduro blasted.

Venezuelan President Nicolas Maduro said on Tuesday that Organization of American States chief Luis Almagro had called for foreign “intervention” in his country by invoking the body’s Democratic Charter in response to the political crisis in Venezuela.

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