Latin America

Monday, April 22nd 2013 - 06:34 UTC
Paraguay’s Colorados back in office; opposition admits defeat; observers praise election process

Millionaire businessman Horacio Cartes won Paraguay's Sunday presidential election, returning the powerful centre-right Colorado Party to power after a brief spell started in 2008 ended in impeachment last year. Cartes won with a 9 or 10 percentage point lead over Efrain Alegre of the ruling Liberal Party, the head of the country's electoral tribunal said.
Saturday, April 20th 2013 - 09:07 UTC
Uruguay investing hundreds of millions to support the US dollar and exports edge

Uruguay’ financial and political stability is backfiring as the Central bank is forced to buy a massive inflow of foreign capital which in turn creates an abundance of Pesos that need to be absorbed to control inflation and support the competitive edge of the country’s exports.
Saturday, April 20th 2013 - 08:39 UTC
US hedge funds reject Argentina’s offer to settle defaulted sovereign bonds suit

Two US hedge funds suing Argentina for full payment on defaulted bonds rejected on Friday, President Cristina Fernandez government offer to settle the suit with a deal that would give them approximately 25% of what they were seeking.
Saturday, April 20th 2013 - 08:32 UTC
Argentines expecting inflation above 30% for the next twelve months

Argentines are expecting an inflation of 34.2% in the coming twelve months according to the average from a monthly report released by a prestigious private university research centre based on surveys,
Saturday, April 20th 2013 - 08:19 UTC
Maduro takes office as first ‘Chavista’ president; in massive parade military swear allegiance

When the last tanks rumbled past and the massive civil-military parade with display of state of the art missile launchers had come to an end in early Friday night of Caracas, Venezuelan president Nicolas Maduro could sigh in relief because his last twenty four hours had been really hectic.
Saturday, April 20th 2013 - 05:56 UTC
Brazil slams US and Europe for delaying promised reforms in the IMF

Brazil’s Finance Minister Guido Mantega slammed the United States and Europe for repeatedly delaying reforms of their dominated shareholding and voting power in the International Monetary Fund (IMF).
Friday, April 19th 2013 - 13:17 UTC
With the support of Unasur and a vote-audit promise, Maduro takes the oath of office

President-elect Nicolas Maduro was set to be inaugurated in Venezuela Friday as election officials moved to defuse a political crisis by yielding to demands for an audit of the electronic votes of the results in Sunday's bitterly contested elections.
Friday, April 19th 2013 - 06:37 UTC
Electoral council extends auditing to all Sunday votes; Capriles accepts

Venezuela’s National Electoral Council, CNE said on Thursday it would audit votes cast in weekend presidential elections after an opposition challenge to the victory accorded to President-elect Nicolas Maduro.
Friday, April 19th 2013 - 05:03 UTC
Two million Argentines across the country join the biggest anti-government protest in years

Almost two million Argentines marched on Thursday evening across the country’s cities and towns in one of the biggest anti-government protests in years highlighting public anger over a deteriorating economy, corruption, street crime and President Cristina Fernandez efforts to reform the media, the courts and the constitution so she can bid for a third consecutive four year mandate.
Friday, April 19th 2013 - 03:14 UTC
May peace prevail: Cristina and Mujica fly together to Peru on Tango 01

Sooner than expected Argentine President Cristina Fernandez seems to have accepted her Uruguayan peer Jose Mujica’s apologies following his coarse words: “this old lady is worse than the one-eyed man” to refer to the Argentine leader and her late husband Nestor Kirchner.