Economy

Friday, August 15th 2014 - 06:40 UTC
Chilean lawmakers approve initiative to ban trawling in territorial waters

The House of Representatives approved this week a draft agreement to ban trawling in Chile. With 55 votes in support, six against and five abstentions, the deputies voted in favor of the Draft Resolution No. 100, which requests the Executive to submit a legislative initiative to amend Article 49 of Act No. 18,892 in order to ban fish catching by trawling.
Friday, August 15th 2014 - 06:34 UTC
Mujica, Latin America's most original leader according to The Economist

Under the heading of “The sage of Montevideo”, The Economist visited the Uruguayan president at his farmhouse in the outskirts of Montevideo where they had a long chat.
Friday, August 15th 2014 - 02:26 UTC
All phone calls inside Chile become local; Punta Arenas code area is 61

Chile has become a single territory for telecommunications and long distance calls with different rates for fixed lines will no longer exist beginning Saturday. This in practical terms will also means a 50% reduction on normal phone calls.
Friday, August 15th 2014 - 02:24 UTC
YPF announces new shale oil find in Neuquen-Mendoza area

Argentine state-controlled energy company YPF on Thursday announced a shale oil find in the southwestern province of Neuquen in Patagonia. The discovery was made at the Agrio formation, according to CEO Miguel Galuccio, who said at a press conference that production operations will be carried from the neighboring province of Mendoza.
Friday, August 15th 2014 - 02:21 UTC
Last minute decision saved Marina Silva from travelling with Campos

Environmental activist and politician Marina Silva could have been on the plane that crashed on Wednesday and killed presidential candidate Eduardo Campos and six other occupants.
Friday, August 15th 2014 - 02:18 UTC
WHO downplays panic: air travel is low-risk for Ebola transmission

The World Health Organization reiterated its position that the risk of transmission of Ebola virus disease during air travel remains low. “Unlike infections such as influenza or tuberculosis, Ebola is not airborne,” says Dr Isabelle Nuttall, Director of WHO Global Capacity Alert and Response. “It can only be transmitted by direct contact with the body fluids of a person who is sick with the disease.”
Friday, August 15th 2014 - 02:15 UTC
Unasur Montevideo summit planned for next week, suspended until October

A planned presidential summit between the heads of state of the Union of South American Nations (Unasur) has been suspended due to scheduling conflicts amongst member countries, according to the Uruguayan Foreign Ministry.
Thursday, August 14th 2014 - 06:44 UTC
Aurelius Capital confirms no deal with banks on Argentina's bonds

Argentine holdout creditor Aurelius Capital Management has said that after talks with many financial institutions, the prospects for finding a private-settlement solution to the Argentine sovereign debt dispute had garnered no realistic proposals.
Thursday, August 14th 2014 - 06:34 UTC
Talks between global banks and Argentine creditor hedge fund “collapsed”

Talks between a group of global banks and at least one major hedge fund about buying a portion of the fund's exposure to Argentine debt have collapsed, a person familiar with the matter told sources in Buenos Aires, amid concerns that the Argentine government has dug in to its refusal to pay certain creditors what they are owed and may not relent for months to come.
Thursday, August 14th 2014 - 06:11 UTC
Argentina: US dollar reaches a new record of 13.15 Pesos in Buenos Aires 'blue' market

The US dollars climbed to a record 13.15 Pesos on the black or 'blue' market on Wednesday trading as fears mount regarding the outcome of the holdout bonds conflict with the New York court. The official dollar rate closed at 8.2750 Pesos.