Latin America

• Friday, October 28th 2011 - 17:24 UTC

  Pele says Brazil “is not ready” to host the 2014 World Cup

  

  Brazil is not yet ready to host the 2014 World Cup, football great Pele told the ESPN Soccernet website in an interview posted on Friday. According to Pele, chaotic organization and communication difficulties are the biggest problems facing Brazil as it prepares for the World Cup.

• Friday, October 28th 2011 - 16:27 UTC

  Mount Hudson has Chile and Argentina on full alert, recalling 1991 eruption

  

  The Mount Hudson volcano, located in southern Chile, maintained its activity on Friday following the eruption earlier in the week. A 1991 eruption of the Hudson send volcanic ash spewing over thousands of kilometres and as far east as the Falkland Islands.

• Thursday, October 27th 2011 - 16:24 UTC

  FDI in Argentina falls 30%; in Brazil and Colombia soars 157% and 91%

  

  Foreign direct investment, FDI, in Argentina fell 30% in the first six months of this year, while the whole of Latin America and the Caribbean received 54% more, the United Nations Economic Commission for Latin America said in a report on its website.

• Thursday, October 27th 2011 - 06:14 UTC

  South Chile Hudson volcano erupts: fears it could repeat events of 1991

  

  Chile said on Wednesday it was evacuating residents from around the Hudson volcano in the country far south after it spewed a jet of steam a kilometre into the air and seismic activity triggered an avalanche.

• Thursday, October 27th 2011 - 05:58 UTC

  World Bank forecasts Latam growth of 3.5% to 4% this year and 4% in 2012

  

  Latin America’s economy is forecasted to grow between 3.5% and 4% this year, which is less than previous estimates before the current global financial crisis, said World Bank representative for the region, Pamela Cox.

• Thursday, October 27th 2011 - 05:37 UTC

  Praise and dollars from the World Bank to Peruvian president Humala

  

  The World Bank has offered a 3 billion dollars line of credit to Peru, backing President Ollanta Humala's plans for anti-poverty initiatives and sustained economic growth, a regional vice president said this week.

• Wednesday, October 26th 2011 - 13:49 UTC

  Top bankers praise Latam’s performance but beware effects of Euro crisis

  

  Latin America is in a good financial situation, but the problems currently being suffered by the US and Europe poses a threat, according to the region’s banks federation, FELEBAN.

• Wednesday, October 26th 2011 - 02:53 UTC

  UN assembly calls on the US (for the 20th time) to lift trade embargo against Cuba

  

  The UN General Assembly called on Tuesday for the 20th straight year on the United States to lift its trade embargo against Cuba, as the communist-run island dismissed as fraudulent US moves to ease some restrictions.

• Tuesday, October 25th 2011 - 21:32 UTC

  FDI in Latam expands 41% in 2011 first half; strong support from ‘trans-Latins’

  

  In spite of global financial volatility during the first half of 2011, foreign direct investment (FDI) in Latin America and the Caribbean continued to grow maintaining the 2010 trend, according to a Tuesday release from the UN Economic Commission for Latin America and the Caribbean, ECLAC, in Santiago de Chile.

• Tuesday, October 25th 2011 - 19:45 UTC

  Crises in the US and Spain have Uruguayans returning in growing numbers

  

  Uruguayan expatriates are returning at an average of 350 per month which is three times the 2010 rate, but his only refers to those that have formally requested advice and assistance from the country’s Foreign Affairs ‘Return and Welcome Office’.