Latin America

• Wednesday, October 26th 2011 - 13:49 UTC

  Top bankers praise Latam’s performance but beware effects of Euro crisis

  

  Latin America is in a good financial situation, but the problems currently being suffered by the US and Europe poses a threat, according to the region’s banks federation, FELEBAN.

• Wednesday, October 26th 2011 - 02:53 UTC

  UN assembly calls on the US (for the 20th time) to lift trade embargo against Cuba

  

  The UN General Assembly called on Tuesday for the 20th straight year on the United States to lift its trade embargo against Cuba, as the communist-run island dismissed as fraudulent US moves to ease some restrictions.

• Tuesday, October 25th 2011 - 21:32 UTC

  FDI in Latam expands 41% in 2011 first half; strong support from ‘trans-Latins’

  

  In spite of global financial volatility during the first half of 2011, foreign direct investment (FDI) in Latin America and the Caribbean continued to grow maintaining the 2010 trend, according to a Tuesday release from the UN Economic Commission for Latin America and the Caribbean, ECLAC, in Santiago de Chile.

• Tuesday, October 25th 2011 - 19:45 UTC

  Crises in the US and Spain have Uruguayans returning in growing numbers

  

  Uruguayan expatriates are returning at an average of 350 per month which is three times the 2010 rate, but his only refers to those that have formally requested advice and assistance from the country’s Foreign Affairs ‘Return and Welcome Office’.

• Tuesday, October 25th 2011 - 03:53 UTC

  Latam should turn to Korea for trade and investment, suggests IDB

  

  A new study released by the Inter-American Development Bank (IDB) argues that countries in Latin America and the Caribbean (LAC) should turn their attention to Korea, a fast-growing economy that offers numerous opportunities for bilateral trade and investment.

• Monday, October 24th 2011 - 20:39 UTC

  Rolls Royce to open dealerships in Brazil and Chile to cater the rich and famous

  

  Luxury car company Rolls-Royce is to enter the South American market for the first time. The company, which makes cars at Goodwood in West Sussex, hopes to open dealerships in Brazil and Chile in March.

• Monday, October 24th 2011 - 20:25 UTC

  Unasur readies for summit when Paraguay takes pro-tempore presidency

  

  The Union of South American Nations, UNASUR summit will take place in Paraguay next October 29 in the sidelines of the two-day XXI Ibero-American meeting of heads of government and state, revealed the Paraguayan Foreign Affairs minister Jorge Lara Castro.

• Monday, October 24th 2011 - 06:16 UTC

  Cuba promoting Special development zones with Brazilian financial support

  

  Cuban Foreign Trade and Investment Minister Rodrigo Malmierca underlined the crucial role of foreign investment for the development of Cuban Special Development Zones”.

• Monday, October 24th 2011 - 06:12 UTC

  Ecuador president condemns killing of Gaddafi and family members as ‘homicide’

  

  Ecuadorian president Rafael Correa described the death of former Libyan leader Muammar Gaddafi as a “murder” and strongly rejected foreign in the North African country.

• Monday, October 24th 2011 - 04:13 UTC

  Colombian president claims Gaddafi supported FARC with money

  

  Colombian President Juan Manuel Santos said on Saturday that the death of ousted Libyan dictator Muammar Gaddafi is a moral blow for the FARC that allegedly had ties to the north African leader.