Latin America

• Wednesday, May 23rd 2012 - 03:56 UTC

  Spain, on the edge of a financial cliff, cancels all development aid to Latin America

  

  The Spanish government announced this week it was cancelling all development aid to Latin American countries as a direct consequence of the financial strains the EU member is suffering, which is the worst in decades with record unemployment of 24%.

• Wednesday, May 23rd 2012 - 01:53 UTC

  Chile not interested in joining G20 at the expense of Argentina’s membership

  

  Chile is not interested in joining the G-20 of leading advanced and emerging economies if that means sacking Argentina, said President Sebastián Piñera administration’s spokesperson, Andres Chadwick.

• Wednesday, May 23rd 2012 - 01:48 UTC

  Dominican president doctors succession: his top aide and the First Lady

  

  The election of Danilo Medina as president of the Dominican Republic signals a continuation of the policies that many experts say have helped the country grow during the past eight years.

• Wednesday, May 23rd 2012 - 01:41 UTC

  Peru says dolphins died of natural causes; environmental groups unconvinced

  

  Nearly 900 dolphins that washed up along Peru's northern coast since the start of the year died of natural causes, a top official said Tuesday, citing a government report.

• Tuesday, May 22nd 2012 - 19:08 UTC

  Piñera admits mistakes in presidential speech but falls short of expectations on education

  

  Chilean leader Sebastián Piñera delivered on Monday his “Presidential Message” at the National Congress in Valparaiso amidst the lowest approval ratings of his presidential career and the shouts of an estimated 8.000 protesters gathering just blocks away.

• Monday, May 21st 2012 - 06:39 UTC

  Taiwan demands from Latam allies “fair, legal and effective” cooperation relation

  

  Taiwan will continue to cooperate with Latin America as long as the relation is fair, legal and effective, said re-elected president Ma Ying Jeou who also described that links with Beijing will continue to be: “no unification, no independence and no arms”.

• Monday, May 21st 2012 - 06:36 UTC

  Chavez admits he is currently working 8 hours a day or less and resting to recover

  

  Venezuelan President Hugo Chavez broke his weeklong silence to say that “unfortunately” he will not continue being that “runaway” horse that never slept, and said he now works only eight hours a day and sometimes less.

• Monday, May 21st 2012 - 06:33 UTC

  Guerrillas’ outbreak eroding Peruvian president’s approval rating

  

  Peruvian President Ollanta Humala's approval rating fell to 5% in May due to public outrage over deadly clashes between security forces and Shining Path rebels, an Ipsos Apoyo poll showed on Sunday.

• Monday, May 21st 2012 - 06:28 UTC

  Peruvian Air Force upgrading its 12 Mirage 2000 and 18 MIG-29

  

  The Peruvian Air Force revealed the upgrading of its Mirage 2000 and MIG-29 combat aircraft demanding an investment of 266 million dollars, reported the Sunday edition of Diario Correo.

• Friday, May 18th 2012 - 16:43 UTC

  JPMorgan admits billions of losses from flawed trading strategy with derivatives

  

  The US mega-bank JPMorgan Chase & Co loss from derivatives trading may widen to 5 billion dollars, the Wall Street Journal reported on Friday. CEO Jamie Dimon personally approved the strategy that led to the trades, without monitoring how they were executed, the newspaper said.