Latin America

Tuesday, April 15th 2014 - 06:39 UTC
China buys cash one of Peru's largest copper mines operated by Glencore Xstrata

Chinese consortium is buying Glencore Xstrata's copper mine in Peru in a 6bn dollars all-cash deal, marking one of China's largest mining acquisitions. The consortium is led by MMG Limited and includes China's Citic Metal.
Tuesday, April 15th 2014 - 06:14 UTC
Cristina Fernandez former Transport minister indicted for unlawful enrichment

Argentine presidential couple Nestor and Cristina Kirchner's former Transport Secretary Ricardo Jaime was indicted last week for unlawful enrichment and impounded for 40 million Argentine Pesos (approx 5 million dollars) He's the first of very close former aides of the powerful couple to face a jail sentence.
Tuesday, April 15th 2014 - 06:09 UTC
China's foreign minister on a round of Latin America to prepare president Xi's visit

China's Foreign minister Wang Yi will be travelling to Cuba, Venezuela, Argentina and Brazil from 18 to 27 April. The round comes two months ahead of Chinese president Xi-Jinping visit to Brazil for the BRICS summit next July in the northeastern city of Fortaleza. BRICS stands for Brazil, Russia, India, China and South Africa.
Saturday, April 12th 2014 - 08:06 UTC
Peruvian president Humala honoured as “Statesman of the Year” in Canada

Peruvian President Ollanta Humala at the end of his three day visit to Canada was honoured in Toronto by the Canadian Council of the Americas with the “Statesman of the Year” annual award. On thanking the award President Humala said that Peru during this year is expected to expand over 5.5% while investment is set to increase by 8%.
Friday, April 11th 2014 - 21:54 UTC
The Economist's view of Argentine leader Cristina Fernández

The Economist has a piece on Argentina's president Cristina Fernández, an X-ray on her character, reactions, but also strong points, and what can be expected of what is left of her mandate that ends in December 2015. Even with her clout dwindling Cristina Fernández remains the most powerful politician of Argentina.
Friday, April 11th 2014 - 04:45 UTC
Argentina and Chile prepare to celebrate 1984 peace and friendship treaty

Argentina and Chile defense ministers Agustín Rossi and Jorge Burgos Varela met in Buenos Aires 'to continue advancing and deepening' the bilateral relation, which this year will have a special celebration motive: the 30th anniversary of the Peace and Friendship treaty which definitively put an end to the Beagle Channel longstanding dispute.
Thursday, April 10th 2014 - 05:56 UTC
Argentine unions anticipate massive support and turnout for Thursday's national strike

Argentina will witness on Thursday a new test of political clout and influence between the administration of Argentine president Cristina Fernandez and dissident organized labor, headed by teamster Hugo Moyano who has called for a national strike, anticipating it will have “a resounding massive support and turnout from the Argentine people”.
Thursday, April 10th 2014 - 05:37 UTC
China has become Latam's banker loaning 102bn dollars from 2005 to 2013

China loaned 102 billion dollars to Latin America between 2005 and 2013, mainly to Venezuela and Argentina, while Mexico seems to be going the same way, according to a release from the Global Economic Governance Initiative which depends from the University of Boston.
Wednesday, April 9th 2014 - 07:29 UTC
IMF joins Argentine GDP linked bonds controversy involving potential payment of 3bn dollars

The International Monetary Fund reported on Monday a steep deceleration of Argentina’s economic activity for 2014, in a context of “high uncertainty”, according to its latest World Economic Outlook released in Washington.
Wednesday, April 9th 2014 - 07:13 UTC
Lightning storms kill more than 60 cows in southern Chile

Ranchers in southern Chile say a series of lightning strikes has killed more than 60 of their dairy cows, costing the cattle owners thousands of dollars. Torrential storms and lightning on Sunday spawned the strikes in south-central Chile.