Latin America

Monday, June 16th 2008 - 21:00 UTC
Latam inflation caused by growth “beyond potential”

The International Monetary Fund, IMF has called on Latinamerica's central banks to send clear signals that their main objective is fighting inflation and not to blame exclusively international rising prices.
Monday, June 16th 2008 - 21:00 UTC
Peru admits talks for US air facilities in the highlands

The United States Army and the Peruvian Armed Forces Joint Command are in negotiations for the establishment of US air facilities in Peru, according to press reports from Lima.
Monday, June 16th 2008 - 21:00 UTC
Peru joins the group of fastest growing Latam's economies

AméricaEconomía, a pan regional business magazine in Latin America, has announced the official launch of a new local edition in Peru. This is the fifth local edition of the glossy magazine which has local editions in Brazil (1996), Mexico (2005), Ecuador (2006) and Chile (2007).
Monday, June 16th 2008 - 21:00 UTC
New natural gas discoveries in Magallanes Region

GeoPark Holdings Limited announced the discovery of two new gas fields in the extreme south of Chile, the Magallanes Region. The gas fields are on the Fell Block following the successful drilling and testing of the two new gas wells.
Sunday, June 15th 2008 - 21:00 UTC
Southern Chile volcano erupts with renewed strength

The Chaiten volcano in southern Chile has erupted with renewed strength, belching thick clouds of ash and hurling molten rocks into the air, regional authorities said Friday.
Sunday, June 15th 2008 - 21:00 UTC
Chavez names new Finance minister ahead of by-election

Venezuela's President Hugo Chavez named on Sunday Ali Rodriguez, a trusted ally who has also served as head of state oil company PDVSA, as Minister of Finance. Rodriguez is currently ambassador in Cuba and was once secretary general of OPED and has also held the post of Foreign Affairs minister.
Sunday, June 15th 2008 - 21:00 UTC
US currency gaining lost ground in Chile: 500 pesos per dollar

The US dollar is expected to open with a strong push in the Chilean money market on Monday having closed on Friday above the benchmark of 500 Chilean pesos, the highest so far this year.
Friday, June 13th 2008 - 21:00 UTC
Ecuador's Correa says assassination plot a scam

Police in Ecuador have arrested three Colombians and an Ecuadorian accused of plotting to kill the country's leftist president Rafael Correa, officials say.
Friday, June 13th 2008 - 21:00 UTC
Latam growth prospects slowdown in rest of 08 and 09

Latin American and Caribbean economies will start to slow in the second half of this year and possibly into 2009 because of the rise in oil and food prices, the United Nations Latinamerican Economic Commission, Cepal said on Friday.
Thursday, June 12th 2008 - 21:00 UTC
Cubans who work more will get higher salaries

In what some experts call Raúl Castro's boldest break yet from socialism, Cuban state companies have until August to overhaul their salary structures to one that pays hard-workers more than slackers, the government newspaper reported Wednesday.