Latin America

Latin America
Monday, July 14th 2014 - 05:19 UTC

With the party over and the Cup in Germany, Brazil's focus returns to domestic problems

“The Cup would have been perfect, except for the lack of the sixth championship,” said Dilma Rousseff

Brazil was humiliated when its national team was run over 7-1 at the hands of Germany in the World Cup semifinals and later 3-0 against Holland, but the authorities breathed sighs of relief as the tournament came to a close on Sunday with Germany’s victory over Argentina, amid muted street protests and a display of Brazil’s ability to successfully organize sporting mega-events.

Saturday, July 12th 2014 - 10:13 UTC

CFK invites regional presidents to the official dinner for Russia's Putin

“They say that there is some Russian blood in every sixth Argentine. Many people from our country found their second home in Argentina” said Putin

President Cristina Fernandez, CFK, invited her peers from Bolivia, Uruguay and Venezuela, Evo Morales, Jose Mujica and Nicolas Maduro respectively to participate in a special dinner after her meeting with the Russian head of state, Vladimir Putin on Saturday.

Friday, July 11th 2014 - 06:29 UTC

Prince Charles will be visiting Colombia in October, announced President Santos

The Royal is expected to visit some of Colombia's largest national parks  (Photo file)

President Juan Manuel Santos announced Prince Charles' visit to Colombia during an official ceremony in which he signed an international treaty to protect the marshlands of the Estrella Fluvial de Inirida River, a 700,000-acre site in Colombia’s eastern Guainia state.

Wednesday, July 9th 2014 - 07:42 UTC

Paraguay with record soybean harvest, most of it for exporting

The latest harvest was 9.28 million tons, up 13% over the previous crop and with prospects of further expansion

Landlocked Paraguay has become the new 'soybean king' with a harvest of over 9 million tons, a new record, 13% compared to the previous crop, according to the figures released by the Paraguayan Chamber of Grains and Oilseeds Exporters, Capeco.

Tuesday, July 8th 2014 - 00:08 UTC

IDB loan to help Uruguay with mathematics and English learning at schools

The Plan Ceibal II content supports education in mathematics and English in Primary and Middle Schools

The Inter-American Development Bank (IDB) has approved a 6 million dollars loan to Uruguay to finance the Plan Ceibal II (digital content), which will help to strengthen mathematics learning by 90,000 primary and middle school students and extend English teaching to half of all 4th, 5th and 6th graders in urban public primary schools.

Monday, July 7th 2014 - 23:53 UTC

Sao Paulo metro will have 'ladies only' wagons given sexual harassment complaints

Similar legislation has been effective in Rio do Janeiro since 2006

The Sao Paulo Legislative Assembly has approved a bill making it mandatory for regional train and underground companies of have 'pink' wagons, exclusively for ladies at rush hours.

Monday, July 7th 2014 - 23:09 UTC

ECLAC sides with Argentina; calls for Collective Action Clause for sovereign debts

If Argentina were forced to declare a default, no creditors would get paid. If Argentina opted to pay, it could end in another default, argued Barcena

The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, has sided with Argentina in the holdout hedge funds litigation arguing on the need to establish an international mechanism that would allow for the resolution of conflicts of interest caused by sovereign defaults:

Monday, July 7th 2014 - 07:26 UTC

Uruguay Vice-president and Latam UN ambassadors claim US justice took sides

Astori said that the current situation is a disastrous precedent for countries wishing to comply with debt commitments

Latin American ambassadors to the United Nations (UN) and Uruguay's Vice-president Danilo Astori showed their support to Argentina in its dispute against holdout hedge funds. They agreed that the so-called 'vulture funds' are a risk to debtor nations and that they pose a threat to the region.

Monday, July 7th 2014 - 07:10 UTC

Lagarde cautious about growth momentum; infrastructure investment needed

Lagarde said that the IMF did not expect a “brutal” slowdown in China, a market crucial for Latin America

Global economic activity should strengthen in the second half of the year and accelerate in 2015, although momentum could be weaker than expected, IMF chief Christine Lagarde said, hinting at a slight cut in the Fund's growth forecasts.

Saturday, July 5th 2014 - 09:32 UTC

Moody's confirms Peru as one of South America's strongest economy

Minister Ghezzi pointed out that Peru had become one of the countries with “the lowest credit risk in the world”.

Peru's sustained macroeconomic performance has been recognized through the recently announced upgrade to A3 of its sovereign debt by Moody’s Investors Service. According to the credit rating agency, Peru' government debt was lifted two notches to A3 from Baa2, with a stable outlook for the economy.

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