Latin America

• Tuesday, December 13th 2011 - 23:28 UTC

  Fearing EU banking crisis, IATA downs drastically airline 2012 profits forecast

  

  The International Air Transport Association (IATA) announced revisions to its industry outlook with profitability for 2011 remaining weak but unchanged at 6.9 billion dollars for a net margin of 1.2%.

• Tuesday, December 13th 2011 - 23:21 UTC

  Cristina Fernandez advances visit to Chile from September to January 25/26

  

  Argentine President Cristina Fernández will make an official visit to Santiago to meet with her Chilean counterpart, Sebastián Piñera at the end of January next year, it was announced Tuesday.

• Tuesday, December 13th 2011 - 22:27 UTC

  Chile leaves benchmark interest rate unchanged for sixth straight month: 5.25%

  

  Chile’s central bank kept its benchmark interest rate unchanged for the sixth straight month at 5.25%, as slowing global growth shows little sign of damping inflation and demand in the world’s biggest copper producer.

• Tuesday, December 13th 2011 - 07:09 UTC

  CFK mentioned to Piñera the possibility of cutting the air link MPA-Punta Arenas

  

  Chilean President Sebastián Piñera revealed that his Argentine counterpart Cristina Fernandez, CFK, mentioned the possibility of interrupting regular flights between the Falkland Islands and Chile, but “made no specific demand on the issue”.

• Tuesday, December 13th 2011 - 06:31 UTC

  International environmental audit for mining project, promises Peru government

  

  Peru's new mine and energy minister said on Monday the government would attract private investment to the vast sector while requiring that it bring more social benefits for the fast-growing economy.

• Tuesday, December 13th 2011 - 06:25 UTC

  Latam juvenile unemployment 14%, but most are informal jobs, says ILO

  

  Juvenile unemployment in Latin America and the Caribbean stands at 14% double the urban rate and 60% of young workers hold informal jobs, according to Elizabeth Tinoco from the International Labour Organization.

• Tuesday, December 13th 2011 - 06:03 UTC

  World Economic Forum invites Chilean student leader to annual summit

  

  The World Economic Forum (WEF) has released a self-made video of Giorgio Jackson, current president of Chile’s Universidad Católica student federation and one of the highest profile leaders of Chile’s student movement of 2011, giving a short talk in English.

• Monday, December 12th 2011 - 20:22 UTC

  Peruvian government ally abandons cabinet fearing ‘militarization’

  

  Former president Alejandro Toledo announced Sunday that his party was leaving Peru's ruling coalition after President Ollanta Humala appointed an ex-army officer as the new prime minister.

• Monday, December 12th 2011 - 19:54 UTC

  Mercosur planning to change rules to ensure full incorporation of Venezuela

  

  Uruguayan president Jose Mujica announced Mercosur is considering the modification of legislation so that Venezuela can definitively be incorporated as a full member to the South American trade block, which has been blocked for several years now by the Paraguayan Congress.

• Monday, December 12th 2011 - 04:45 UTC

  Chinese President Hu Jintao special envoy meets with new Argentina authorities

  

  Argentina's new Vice President and Speaker of the Senate Amado Boudou met on Friday with Chinese President Hu Jintao's special envoy Jiang Shusheng to further promote bilateral relations.