Latin America

• Monday, December 12th 2011 - 04:40 UTC

  Chile names Harvard-educated economist as new Central bank president

  

  Chile named this week member of the board and Harvard-educated Rodrigo Vergara Montes as the new President of the Central bank replacing outgoing Jose De Gregorio. President Sebastian Piñera still has to name the fifth member of the board.

• Monday, December 12th 2011 - 04:29 UTC

  Humala reshuffles cabinet and names former military officer Prime Minister

  

  Peruvian President Ollanta Humala has picked Jorge Humberto Merino, who worked for the government agency that promotes foreign investment, to be his new mines and energy minister, local media reported on Sunday.

• Monday, December 12th 2011 - 04:27 UTC

  Chile with the worst OECD indexes; income ratio between rich and poor 27 to 1

  

  According to a new study by the Organization for Economic Co-operation and Development, income inequality in most economically developed countries is the worst it has been in nearly 25 years. Ten countries from the OECD report, particularly Chile are identified as having the worst income inequality.

• Saturday, December 10th 2011 - 05:55 UTC

  Argentina and Brazil agree to jointly promote trade and manufacturing

  

  Argentina and Brazil agreed on Friday to “increase” in the “short term” regional trade in a shared strategy to address the consequences of the global crisis. The commitment was endorsed by Argentina’ Industry minister Debora Giorgi and her Brazilian counterpart Fernando Pimentel.

• Saturday, December 10th 2011 - 05:52 UTC

  IMF praise for Uruguay but warns about the need of labour flexibility

  

  The IMF recommended Uruguay greater flexibility in the management of macroeconomic policy, ahead of unexpected changes in the international scenario.

• Saturday, December 10th 2011 - 00:46 UTC

  Five leaders miss CFK inauguration ceremony to be aired live in Youtube

  

  The presidents of Venezuela, Colombia, Peru, Ecuador and Mexico, Hugo Chávez, Juan Manuel Santos, Ollanta Humala, Rafael Correa and Felipe Calderón have cancelled their trips to Buenos Aires and won’t attend President Cristina Fernández inauguration ceremony on Saturday.

• Friday, December 9th 2011 - 07:12 UTC

  Euro rescue deal limited to 17-EU countries and with a March deadline

  

  Attempts to rescue the Euro will focus on a deal among the 17 nations that use the single currency, French President Nicolas Sarkozy said early Friday.

• Friday, December 9th 2011 - 06:05 UTC

  Dakar rally 2012 takes off from the Atlantic and ends in Peru on the Pacific

  

  Dakar Rally chief Etienne Lavigne said that the next edition of the competition which takes off from Mar del Plata, Argentina next January first and ends in Lima, Peru, fifteen days later, is the most renewed and challenging version since the rally moved to South America in 2008.

• Thursday, December 8th 2011 - 22:28 UTC

  Mexico - Rising Natural Gas Superstate?

  

  Americans looking south of the Rio Grande tend to forget, if they ever knew, that Mexico is, according to the U.S. Energy Information Administration, now America's second largest source of imports.

• Thursday, December 8th 2011 - 06:26 UTC

  Mexican intelligence foils plan for one of Gaddafi’s son to enter the country

  

  Mexico prevented the entry of late Libyan leader Muammar Gaddafi's son Saadi to the country, authorities said on Wednesday.