Spain’s Banco Santander said that 2011 net profits reveal the growing importance of its Latin America operations which contributed with 51% of the bulk. Last year net profits totalled 5.4 billion Euros, down from 8.2 billion Euros in 2010.
Brazilian President Dilma Rousseff met with Fidel Castro, the revolutionary hero of her youth, and held talks with his younger brother, President Raul Castro, on Tuesday in a visit to strengthen financial and economic ties with Cuba. On Wednesday Rousseff left for Haiti.
Two news sources, New York Post and New York One report that the Hispanic media group ImpreMedia is in talks with Argentine newspaper group La Nacion which is interested in the US Spanish publications.
Brazil reiterated its support for Argentina’s Malvinas Islands sovereignty claim and insisted that solving the controversy with the UK is ‘most important’ for South America’s stability. It also pointed out that it’s not correct to talk about “a blockade”.
Visiting Brazilian President Dilma Rousseff refused to criticize Cuba’s human rights record on Tuesday, saying the issue should not be used to score ideological points.
Police were investigating a criminal gang that allegedly stole blocks of ice from the Jorge Montt Glacier in southern Chile.
A team of Brazilian and Chilean scientists set out to investigate the effects of global climate change deep in the Antarctic continent say they have discovered a surprising system of rivers beneath the frozen surface.
Chile’s unemployment rate unexpectedly declined in the three months through December to 6.6% from 7.1% as the retail, mining and construction industries expanded, the National Statistics Institute said on Tuesday. The situation according to economists is close to “full employment”.
Brazil's President Dilma Rousseff arrived Monday to Cuba for a two-day visit to discuss bilateral economic cooperation and human rights. From Cuba Rousseff will travel on to Haiti as she aims to continue the regional diplomatic outreach of her popular predecessor, Lula da Silva.
Brazilian builder Odebrecht plans to produce sugar in Cuba, the company said on Monday as incentives for foreign investment in the Castro family’s regime raise hopes of a recovery in the once-booming sector after decades of decline.