Latin America

• Monday, September 17th 2012 - 05:37 UTC

  Venezuela and Argentina sign 24 agreements in the oil-food industries

  

  Venezuela and Argentina signed three institutional agreements and 24 among corporations during the two-day First Meeting for the Venezuela-Argentina Petro-industrial development with the purpose of intensifying trade, investment and cooperation between the two countries.

• Monday, September 17th 2012 - 02:54 UTC

  Brazil trusts the Venezuelan electoral process will be “credible and transparent”

  

  Brazil said it is confident that the electoral process in Venezuela, where Chavez is bidding for another six years will be “credible and transparent”. Foreign Minister Antonio Patriota made the statement in an interview published on Sunday by O Estado de Sao Paulo.

• Monday, September 17th 2012 - 02:37 UTC

  Paraguay could demand “moral and economic” compensation from Mercosur members

  

  Paraguay is considering demanding “moral and economic” compensation from Argentina, Brazil and Uruguay for having been suspended from Mercosur as full member and at the same reiterated its rejection to Venezuela’s admission, according to the country Foreign Ministry.

• Saturday, September 15th 2012 - 07:01 UTC

  Mud slinging and insults become personal in Venezuelan presidential campaign

  

  Venezuela's opposition challenger Henrique Capriles sought to deflect attention from a corruption row by throwing the accusation back at President Hugo Chávez on Friday in an escalating political brawl ahead of the Oct. 7 vote.

• Saturday, September 15th 2012 - 06:54 UTC

  Growing number of Spanish companies looking to make business in Latin America

  

  An ever growing number of Spanish companies are setting their eyes on Latin America, a region with an expanding economy, abundant natural resources and much to be done as reported by Spain’s trade offices and Spanish chambers of commerce.

• Friday, September 14th 2012 - 05:18 UTC

  Auction of Pluna’s Bombardier aircraft collapses: terms “non attractive” and “non viable”

  

  Uruguay’s attempt to auction the bankrupt national airline Pluna aircraft collapsed because none of the groups that showed an initial interest turned up arguing that the 136 million dollars for the seven Bombardier CRJ900 NextGen was “not attractive” and considered the whole business deal “non viable”.

• Friday, September 14th 2012 - 03:40 UTC

  Thousands across Argentina take to the streets to protest against re-re-election

  

  Appealing to social networks thousands of Argentines Thursday evening took to the streets of the country’s major cities to protest some of the latest measures from the government of President Cristina Fernandez including the re-re-election plans and the increasing restrictions to the purchase of dollars.

• Friday, September 14th 2012 - 00:51 UTC

  Brazilian extends tax breaks to two dozen industries to stimulate economy

  

  Brazil rolled out additional stimulus measures to bolster its sluggish economy on Thursday, extending tax breaks to more than two dozen industries and reducing the cost of acquiring capital goods in a bid to help struggling local businesses.

• Friday, September 14th 2012 - 00:48 UTC

  Half a million dollars reward for information regarding fate of Raoul Wallenberg

  

  The International Raoul Wallenberg Foundation is increasing to 500.000 dollars the reward it is offering to any person or entity who can provide solid and provable information on the whereabouts of Wallenberg and his chauffeur, Vilmos Langfelder, Baruch Tenembaum and Eduardo Eurnekian, Founder and Chairman of the Foundation, announced last week.

• Thursday, September 13th 2012 - 18:42 UTC

  Fed announces further financial stimuli for the US economy to help employment

  

  The US central bank announced on Thursday it will resume its policy of pumping more money into the economy via so-called quantitative easing which consists of buying “additional agency mortgage-backed securities at a pace of 40 billion dollars per month”.