Latin America

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.
Wednesday, August 19th 2009 - 04:54 UTC
US/Colombia free trade treaty “heading for approval”

The free trade treaty between United States and Colombia, pending US congressional approval, is on route to be confirmed said US ambassador in Bogotá William Brownfield.
Tuesday, August 18th 2009 - 13:14 UTC
Chilean police charged with shooting and killing Mapuche activist

Chilean military authorities have decided to press charges against José Patricio Jara Muñoz, the Carabinero (uniformed police) officer who shot and killed Mapuche activist Jaime Mendoza Collío during a confrontation last week in Region IX. Jara Muñoz is accused of using excessive force resulting in death. Mauches are Chile’s largest indigenous group.
Tuesday, August 18th 2009 - 13:09 UTC
Brazil and Mexico disappointed with their bilateral relations

Presidents of Brazil Lula da Silva and Felipe Calderon from Mexico called for a strategic alliance between the two countries based on free trade and cooperation between state energy companies Petroleos Mexicanos (Pemex) and Petrobras.