Latin America
Latin AmericaSummit supports Argentina in its struggle with bond holders
The two-day summit of Ibero American leaders meeting in Mexico, besides the traditional declaration, also put out a special statement in support of Argentina and its ongoing struggle with speculative funds.
Weaker Latin American currencies against the US dollar next year
Latin American currencies will lose value against the US dollar in 2015 because of the strong US recovery and lower commodities' prices according to Itau-Unibanco, Brazil's largest private bank which also anticipates a strong fiscal adjustment by President Dilma Rousseff's next administration, in an effort to regain investors' 'confidence'.
Mercosur lacks discipline and has become a 'straitjacket' for trade negotiations
Mercosur must discipline and return to its origin as a customs union since it has become a 'straitjacket' for negotiations with other regional blocks, according to Lia Valls, foreign trade coordinator at the Brazilian Economics Institute belonging to the prestigious thinktank Getulio Vargas foundation.
Road ahead for Latin America 'increasingly bumpy' says IMF Lagarde
Latin America faces a rocky road ahead despite social and economic achievements in recent years, according to the head of the International Monetary Fund Christine Lagarde. Among the achievements in the last two decades and in most nations, Ms Lagarde mentioned low inflation, fiscal discipline, and financial stability.
Mujica says Guantanamo inmates in Uruguay can leave whenever they wish
The detainees from Guantanamo Base in Cuba that arrived in Uruguay on Sunday as part of an agreement with the US, “can leave the country whenever they wish”, since they come as 'refugees', announced President Jose Mujica.
UK ambassador underscores shared values and qualities of Royal and Chilean navies
UK ambassador in Chile Fiona Clouder underlined the values and qualities of the Royal Navy and Chilean Navy during a reception on HMS Dragon, which called at Valparaíso for the week long Exponaval 2014, considered the most important naval, maritime and ports' exhibition in the southern hemisphere.
Latin America 'unfortunately' has a very low participation in global trade
Latin America 'unfortunately' has a very low participation in world trade which is a major challenge for the region, according to Gonzalo Rodriguez, member of Mercosur technical staff, who was one of several speakers at the preamble of Unasur summit.
Ecuador to combat IUU fishing as part of trade agreement with the EU
Ecuador's Deputy Minister of Aquaculture and Fisheries organized a workshop with representatives from various government institutions related to port and maritime fisheries control in the country in order to develop a National Action Plan to prevent, deter and eliminate illegal, unreported and unregulated (IUU) fishing.
Pacific Alliance integrated stock markets, MILA, begins operations from Mexico
Mexico's stock exchange on Tuesday carried out its first operation as a member of the Latin American Integrated Market, or MILA, which connects it to bourses in Chile, Colombia and Peru, MILA said in a statement. The four countries are members of the Pacific Alliance an open market, pro business and foreign investment group created in 2012.
Analysts anticipate 'painful adjustment' for Uruguay if there is a continuity of current policies
High inflation, relatively weak economic growth and an exhausted growth model are forecasted for Uruguayan president-elect Tabare Vazquez second administration as of next March, according to the latest report from two Capital Economics analysts.
