Latin America

Friday, August 21st 2009 - 10:52 UTC
Venezuela admits contraction; preparing package to re-launch growth

Venezuela's GDP contracted 2.4% in the second quarter of 2009 from the same period a year earlier, the central bank reported Thursday. In the first half of the year, the economy has contracted 1% against the same period a year earlier.
Friday, August 21st 2009 - 10:49 UTC
Mexican economy shrinks a record 10.3% in second quarter

Mexico's economy plunged 10.3% in the second quarter its deepest contraction on record as shrinking exports forced factories to slash production and cut jobs and the tourism industry was knocked out by the A/H1N1 virus flu.
Thursday, August 20th 2009 - 16:17 UTC
US does not have or seeks bases inside Colombia, said Hillary Clinton

United States Secretary of State Hillary Clinton said the US-Colombia defence cooperation agreement would not create US bases in Colombia or significantly increase US military presence in the region.
Thursday, August 20th 2009 - 16:04 UTC
Krugman anticipates strong Latam recovery, but behind Asia

Economics Nobel Prize Paul Krugman warned Wednesday that global real recovery will take time and that he’d be surprised to see within that scenario an improvement in the labour market. However he was upbeat about Latinamerica which he anticipated will recover faster that developed countries, although behind Asia.
Thursday, August 20th 2009 - 15:57 UTC
Buenos Aires and Santiago among cheapest cities in the world

Oslo, Zurich, Copenhagen, Geneva, Tokyo and New York are considered the world's most expensive cities based on a standardized basket of 122 goods and services from the UBS “Prices and Earnings” survey.
Thursday, August 20th 2009 - 07:17 UTC
Chile in recession: economy sinks 4.5% in the second quarter

Chile’s economy shrank by 4.5% in the second quarter of this year, faring just slightly worse than the 4.4% GDP drop anticipated by economists, the Central Bank reported this week.
Thursday, August 20th 2009 - 05:21 UTC
Brazil, Chile, Peru and Colombia recovering from the global crisis

Brazil, Chile, Colombia and Peru are in the process of economic recovery, while Argentina, Bolivia, Ecuador, Paraguay, Uruguay and Venezuela are in a recessive phase according to a report released Wednesday and jointly drafted by Brazil’s Getulio Vargas Foundation and the University of Munich.
Thursday, August 20th 2009 - 05:06 UTC
Arbitrary arrests and beatings in Honduras, claims Amnesty report

In the seven weeks since the military-backed bloodless coup in Honduras, several hundred people protesting against the de facto government have been arbitrarily arrested and beaten by government forces, a new Amnesty International report says.
Wednesday, August 19th 2009 - 12:44 UTC
Mujica meets President Bachelet and expresses admiration for Chile

Uruguay’s ruling coalition presidential candidate Senator Jose Mujica met on Tuesday with Chilean president Michelle Bachelet as part of a regional campaign to boost the Broad Front ticket. Last week Mujica and his ticket partner economist Danilo Astori met with Brazil’s Lula da Silva.
Wednesday, August 19th 2009 - 12:20 UTC
Honduras breaks diplomatic relations with Argentina

Honduras suspended diplomatic relations with Argentina on Tuesday in retaliation for having its ambassador expelled from Argentina last week. The move stems from tensions between the two countries over the June 28 coup in which Honduran President Jose Manuel Zelaya was replaced by congressional leader Roberto Micheletti.