Stories for June 2014

Saturday, June 21st 2014 - 09:04 UTC
Brazil disappointed with Argentina's 'lack of ambition' in reaching trade accord with EU

Argentina and Brazil have again clashed not over football but over trade and Mercosur according to the Sao Paulo media. Brazil believes there is “a lack of ambition from Argentina” to finish polishing the proposal to be exchanged with the European Union for a much delayed cooperation and trade agreement.
Saturday, June 21st 2014 - 08:54 UTC
Pacific Alliance bourses, MILA, planned to be integrated by end of year

Mexico's stock exchange plans to be connected to bourses in Chile, Colombia and Peru by year-end through the Latin American Integrated Market, or MILA, nearly doubling the size of the bloc, it was announced in Mexico City.
Saturday, June 21st 2014 - 08:35 UTC
Bachelet proposes meeting of Mercosur and Pacific Alliance leaders

Chilean President Michelle Bachelet on Friday proposed a September gathering between officials and business leaders from Mercosur and the Pacific Alliance in hopes of creating a tie-up between the two Latin American trade groups.
Saturday, June 21st 2014 - 08:19 UTC
Cristina Fernandez took time to pick on the Falklands at her 'dialogue' speech

Cristina Fernandez on her Friday Flag Day speech in which she lowered usual rhetoric and asked US Judge Thomas Griesa for negotiations with the holdout hedge funds, picked on the Falkland Islands sovereignty dispute to channel her fury and forecasted there “is no colonialism that can last so many centuries, eventually they fall”.
Friday, June 20th 2014 - 07:21 UTC
After all: Argentina seems willing to start discussions with Griesa and hedge funds

After a day of fury and discussions with cabinet members, advisors and experts, Argentine president Cristina Fernandez will be sending a government delegation to New York to meet Judge Thomas Griesa and the hedge funds holdouts' solicitors and begin, hopefully, a round of negotiations to reach a settlement on the bonds litigation.
Friday, June 20th 2014 - 07:15 UTC
Striker Suarez admitted having dreamt he would score two goals

Striker Luis Suarez admitted he had dreamt he was going to score two goals, the two that helped Uruguay defeat England 2-1 in the 2014 World Cup and leaves the team led by Gerard in a most uncomfortable position.
Friday, June 20th 2014 - 07:05 UTC
Felipe VI pledged to work for unity and diversity in Spain

Spain's new king, Felipe VI, was sworn on Thursday in a relatively modest ceremony which monarchists hope will usher in a new era of popularity for the troubled royal household.
Friday, June 20th 2014 - 06:50 UTC
Uruguay advances details of third oil and gas bid round Punta del Este basin

Uruguay has released a draft map of four ultra-deepwater and seven shallow-water blocks in the Punta del Este-Atlantic basin that will be on offer in the country’s third oil and gas bid round next year, officials said in Moscow this week, according to the oil and gas site Upstream.
Friday, June 20th 2014 - 06:42 UTC
Argentina's Supreme Court loss may serve as a wake-up call

The following piece by Charles Lane published in the The Washington Post offers an interesting debate about future bailouts and sovereign debt restructuring, following on Argentina's case.
Friday, June 20th 2014 - 06:34 UTC
Colombia-Brazil consider closer links between Pacific Alliance and Mercosur

Colombia and Brazil's presidents Juan Manuel Santos and Dilma Rousseff met in Brasilia to address regional and bilateral affairs and the possibility of closer links between the Pacific Alliance and Mercosur, which “are naturally complementary and do not compete among themselves”.