Latin America

• Monday, September 29th 2014 - 08:54 UTC

  Uruguay needs to improve infrastructure, “especially roads and port facilities”

  

  Finland's UPM, one of the largest forestry groups in the world, does not intend for the moment to build any new pulp mills in Uruguay, said Jaakko Sarantola, vice president of the cellulose division of the company, who also pointed out that Uruguay needs to improve infrastructure to facilitate logistics.

• Saturday, September 27th 2014 - 08:13 UTC

  Guest post: the UN is not the solution for a rogue debtor

  

  By Arturo Porzecanski of American University (*) - Jose Antonio Ocampo, a former United Nations official and co-president with Prof. Joseph Stiglitz of Columbia University’s Initiative for Policy Dialogue, which promotes the adoption of heterodox economic policies in developing countries, recently wrote a guest post welcoming a UN General Assembly resolution calling for the launch of negotiations on a multilateral framework for sovereign debt restructuring.

• Friday, September 26th 2014 - 06:56 UTC

  Colombian court orders mining companies to return land to aboriginal tribe

  

  Colombian legal tribunal has ordered 11 companies to halt gold-mining operations in a 50,000-hectare reserve in the northwest of the country and return the land to the native tribe that previously lived there.

• Friday, September 26th 2014 - 06:34 UTC

  Colombia and FARC disclose copies of agreements reached at peace talks

  

  Colombia's government and Marxist inspired FARC rebels have released copies of previously unpublished agreements reached at peace talks to end five decades of war, providing a glimpse of accords that could make up a final deal.

• Friday, September 26th 2014 - 06:26 UTC

  Argentina tightens security on all air flights: requested info must be delivered 72 hours before take off

  

  The Argentine government announced that airlines for both commercial and non commercial flights will be required to deliver further information of its passengers to the National Migrations Office, the AFIP tax bureau, Airport Police and Civil Aviation National Administration (ANAC).

• Thursday, September 25th 2014 - 06:34 UTC

  Cristina Fernandez claims holdouts are committing “economic and financial terrorism”

  

  Argentine President Cristina Fernández accused holdout investors of committing “economic terrorism” and reiterated her wish for a multi-lateral framework to regulate sovereign debt, during her speech before the United Nations 69th General Assembly on Wednesday.

• Thursday, September 25th 2014 - 05:17 UTC

  Argentina must explain to Judge Griesa why it is not in contempt of court

  

  New York district judge Thomas Griesa has asked Argentina to show cause and explain why the country should not be declared in contempt, following its decision not to pay holdout investors full amount for their defaulted bonds as the judge’s ruling ordered on August 8.

• Thursday, September 25th 2014 - 05:06 UTC

  Argentina publicly adds Germany to its list of 'hostile countries'

  

  Argentine Cabinet Chief Jorge Capitanich on Wednesday lashed out at Germany's finance minister, denouncing Berlin's “hostile attitude” toward Argentina's debt restructuring effort. He added that Germany had always had a hostile attitude toward Argentina from an economic and financial point of view.

• Thursday, September 25th 2014 - 03:14 UTC

  Brazil scrambles to support the Real; as Dilma recovers in the polls the currency falls

  

  Brazil’s Real advanced from a seven-month low as the central bank signaled it will maintain support for the currency when it increased the number of foreign-exchange swap contracts offered in a rollover.

• Thursday, September 25th 2014 - 03:12 UTC

  Uruguay presidential campaign: government distributes 10 US dollars for each valid ballot

  

  The Uruguayan government released this week the equivalent of 22.9 million dollars for the financing of political parties campaigning for 26 October when presidential and legislative elections are scheduled. In Uruguay political parties receive government support for electoral activities and private donations are closely scrutinized.