Latin America

• Monday, July 6th 2009 - 13:00 UTC

  Mexican ruling party battered in mid term election

  

  The conservative National Action Party (PAN) of Mexican President Felipe Calderon has admitted defeat in mid-term congressional elections. It acknowledged that the opposition Institutional Revolutionary Party (PRI) will dominate the Lower House.

• Monday, July 6th 2009 - 12:48 UTC

  Zelaya’s return to Honduras aborted; two people shot dead at airport

  

  Honduras's ousted President, Manuel Zelaya failed on Sunday in a dramatic attempt to fly back to his country. His plane circled the Tegucigalpa airport, but it could not land as the authorities had blocked the runway.

• Monday, July 6th 2009 - 10:00 UTC

  Brazil/Bolivia/Chile inter-oceanic corridor ready for 2011

  

  Bolivia, Brazil and Chile have announced that the inter-oceanic corridor, from the Atlantic to the Pacific will be finished by 2011. The announcement was made following an assessment of the different legs of the corridor during a meeting in La Paz, Bolivia between the Public Works ministers of the three countries.

• Monday, July 6th 2009 - 09:56 UTC

  GM, a respected, innovative, fuel efficient brand in Latinamerica

  

  In spite of its misfortune or long standing mismanagement in the US, General Motors Corp. has built a thriving powerhouse operation in Latin America, where its fuel-efficient vehicles are playing a crucial role in returning the battered company to health.

• Monday, July 6th 2009 - 09:22 UTC

  Venezuela takes over Banco Santander and pays first instalment

  

  Venezuela has taken formal control of its third largest bank, the previously Spanish-owned Banco de Venezuela. The first instalment of a 630 million US dollars price tag was made amid much ceremony in the capital Caracas, with nearly all the shares passing to the government.

• Sunday, July 5th 2009 - 12:00 UTC

  Zelaya insists in returning to Honduras; Catholic Church warns of “bloodbath”

  

  Ousted President Manuel Zelaya has vowed to return to Honduras on Sunday, despite being threatened with arrest. The Honduran Catholic Church called on all parties to avoid a “blood bath”.

• Saturday, July 4th 2009 - 14:04 UTC

  Peruvian PM to step down; opens door for a cabinet reshuffle

  

  Peruvian Prime Minister Yehude Simon said on Friday he planned to “irrevocably” step down next week following heavy criticism of the government's handling of violent Amazon protests in which at least 50 people died last month.

• Saturday, July 4th 2009 - 14:03 UTC

  OAS mission finds “no conditions” for Zelaya’s return to Honduras

  

  The head of the Organisation of American States has said he found no willingness in Honduras' interim government to restore ousted President Manuel Zelaya. Jose Miguel Insulza said that “unfortunately, in Honduras the conditions are not there for Zelaya's return”.

• Friday, July 3rd 2009 - 13:43 UTC

  World Bank praises Latinamerican fiscal and social policies

  

  World Bank group president Robert B. Zoellick underlined that Latinamerican largest countries are better prepared to face the world crisis, based on strong budgets and primary surpluses and the development of effective social policies.

• Thursday, July 2nd 2009 - 12:39 UTC

  Uruguay’s primary election results stun the ruling coalition

  

  Uruguay’s main opposition party performed much better than anticipated according to official results of last Sunday’s primary elections for the nomination of presidential candidates for October’s elections.