Latin America

Wednesday, August 21st 2013 - 18:31 UTC
Argentina media law dispute between Cristina Fernandez and Clarin reaches UK newsstands

The conflict between the administration of President Cristina Fernandez and the powerful Clarín media Group CEO Héctor Magnetto crossed the Atlantic and reached UK newsstands as British daily The Guardian published an article on Argentina’s Media Law.
Wednesday, August 21st 2013 - 01:35 UTC
Uruguay Vice-president concerned Royal Bank of Canada is leaving the country

Vice-president Danilo Astori said he was surprised at the way events unfolded ending with the decision from the Royal Bank of Canada of leaving Uruguay, but also concerned about the international impact of such a move, triggered by a ‘disorderly’ raid in its offices.
Wednesday, August 21st 2013 - 00:23 UTC
“Devaluation of the Argentine Peso is a fact of the market”, says Lavagna

Former minister and ex-presidential hopeful Roberto Lavagna warned that the Argentine economy is going through “the worst scenario possible” since the market has already adapted to the devaluation of the Peso, but the government of President Cristina Fernandez in its fantasy refuses to acknowledge it.
Tuesday, August 20th 2013 - 23:35 UTC
The sliding Brazilian currency has depreciated 18% in the last twelve months

The Brazilian currency Real, which is the region’s reference, is undergoing one of its major depreciations against the US dollar in the last four years because of the poor performance of its economy and the tendency is to continue, at least in the short term, given the uncertainty about US monetary policy.
Monday, August 19th 2013 - 18:24 UTC
Malvinas is a Latinamerican cause underlines Argentine Defence minister

Argentina’s defence minister called on the peoples of Latinamerica to defend their natural resources and particularly the Malvinas Islands, ‘an ignominious colonial situation’ in the XXI century.
Monday, August 19th 2013 - 13:23 UTC
Mercosur ‘remains a fiction’ admits Uruguayan foreign minister

Mercosur as an only market ‘remains a fiction’ since it is missing the effective implementation and ironing out of trade and macroeconomic reforms, said Uruguayan foreign minister Luis Almagro, who went on to promote “double and triple membership” for Mercosur members.
Monday, August 19th 2013 - 13:12 UTC
Uruguay calls on Mercosur to sign a free trade agreement with United States

Uruguayan Vice-President Danilo Astori said Mercosur must decisively address the signing of a free trade agreement with the United States, but also admits that “opportunities must be built”.
Friday, August 16th 2013 - 18:00 UTC
Canadian bank abandons Uruguay following raid on its office on request from Argentine judge

The Royal Bank of Canada, RBC, is abandoning Uruguay following a raid in its offices at Zonamerica ordered by a Uruguayan magistrate on request from Argentina during which computers, documents on clients and even cell phones from staff were seized by the intervening party which included on-watching Argentine treasury police.
Friday, August 16th 2013 - 17:46 UTC
Ecuador ‘forced’ to drill for oil in pristine Amazon rainforest; ‘rich countries have failed us’

Ecuador has abandoned a conservation plan that would have paid the country not to drill for oil in previously untouched parts of Yasuni National Park in the Amazon rainforest. President Rafael Correa said rich nations had failed to back the initiative, leaving Ecuador with no choice but go ahead with drilling.
Friday, August 16th 2013 - 03:27 UTC
South American defense ministers meet to improve monitoring of Amazon region

South American defense ministers gathered in the northern Brazilian city of Manaus on Thursday to discuss how to improve monitoring of the huge Amazon region. Attending the seminar which runs through Friday are Brazil's Celso Amorim, Colombia's Juan Carlos Pinzón and Ecuador's María Fernanda Espinosa.