Latin America

Wednesday, August 28th 2013 - 01:07 UTC
Argentina's international reserves at a six year record low, and sliding ….

Argentina’s central bank international reserves pierced the psychological barrier of 37bn dollars and ended Tuesday at 36.9bn dollars, which is the lowest in over six years and will continue to drain since next month the country must repay in full 2bn of a 2007 sovereign bond.
Wednesday, August 28th 2013 - 00:43 UTC
Wide political support in Argentina for Cristina Fernandez new debt swap proposal

The opening of a new sovereign debt swap announced by Argentine President Cristina Fernández on national television on Monday has received strong support from allies, pledges of neutrality from the main opposition party but also criticisms.
Wednesday, August 28th 2013 - 00:24 UTC
Argentine bonds lose ground following the debt swap announcement

Argentina bonds in dollars, protected by local legislation fell the most in four months after President Cristina Fernandez announced she’s sending a bill to Congress to reopen the debt swap so that holders of the 7% of pending non restructured debt can normalize their situation in similar conditions.
Wednesday, August 28th 2013 - 00:18 UTC
Cuba reports cholera outbreak with 163 cases, mostly in Havana

Cuba has reported a new cholera outbreak with 163 cases, 12 of whom are tourists, though no deaths were mentioned, according to a bulletin from the Pan American Health Organization, PAHO. The update from 23 August is based on information provided by epidemiological authorities on the island.
Tuesday, August 27th 2013 - 22:06 UTC
Brazil’s Mantega admits ‘mini-crisis’; blames the US Fed confusing messages

Brazil's economy is going through a “mini crisis” stemming from global markets turbulence made worse by confusing messages from the US Federal Reserve, complained Finance Minister Guido Mantega.
Tuesday, August 27th 2013 - 21:59 UTC
Cristina Fernandez calls for reciprocity from foreign airlines operating in Argentina’s domestic market

Argentine President Cristina Fernandez got involved in the Lan Chile hangar conflict at the Buenos Aires metropolitan air terminal by praising the performance of re-nationalized Aerolíneas Argentinas and claiming that while foreign carriers can exploit the Argentine domestic market, “there is no reciprocity from other countries”.
Tuesday, August 27th 2013 - 02:41 UTC
Falklands’ lawmaker arrives in Brasilia for round of contacts to promote the Islands

Falkland Islands lawmaker Dick Sawle is expected on Tuesday in Brasília, capital of Brazil where he will explain the Islanders’ decision to remain a British Overseas Territory and give an idea of life in the South Atlantic archipelago, its economy and social achievements as a prosperous, democratic community.
Tuesday, August 27th 2013 - 02:19 UTC
LAN appeals hangar eviction in Buenos Aires airport; unions pledge strike in support of Chilean carrier

Lan Chile went to court in Argentina on Monday to appeal its eviction from a hangar at the metropolitan Buenos Aires Aeroparque airport, which is a crucial element of its national and regional operations. Several unions have anticipated that if the eviction is not stopped they will go on strike and interrupt domestic flights.
Tuesday, August 27th 2013 - 01:39 UTC
Paraguayan president plans round of visits to Mercosur neighbours

Paraguayan president Horacio Cartes will be making a round of visits to neighbouring countries beginning with Argentina, which will be followed by Brazil, Uruguay and Chile before the end of the year, revealed foreign ministry sources.
Tuesday, August 27th 2013 - 01:19 UTC
Brazilian foreign minister removed following diplomatic incident with Bolivia

Brazilian foreign minister Antonio Patriota has stepped down and will be replaced by the current representative before United Nations Ambassador Luis Alberto Figueiredo Machado, it was confirmed Monday evening by the spokesperson from President Dilma Rousseff’s office.