Latin America

Tuesday, March 31st 2009 - 11:19 UTC
Venezuela benefited 14 “allies” with 220 billion USD in four years

Venezuela is estimated to have spent 220 billion US dollars from its oil and gas revenue in investments, subsidies and donations to 14 “allied” countries between 2005 and 2009, according to Centro de Investigaciones Economicas, a Caribbean think-tank.
Tuesday, March 31st 2009 - 10:32 UTC
Arab League, South America summit looks for political common ground

Arab League and South American countries will open Tuesday their second summit with the purpose of boosting trade and cooperation. The idea of regular meetings between the 22 members of the Arab League and 12 South American countries was born in Brasilia in 2005, sponsored by Brazilian president Lula da Silva.
Tuesday, March 31st 2009 - 10:00 UTC
Bolivian government airline takes off in stormy atmosphere

Bolivian government owned air carrier Boliviana de Aviación (BoA) took off last weekend with a first flight La Paz-Cochabamaba and 40 passengers, including President Evo Morales. However private operators are claiming the airline begins with a significant deficit and doubt it will be able to break even.
Tuesday, March 31st 2009 - 07:09 UTC
China interested in Latam bonds and Yuan swaps to ensure trade

China is likely to buy more Latin American bonds and promote Yuan swaps to support increased public spending in the region to combat the global financial crisis, revealed a Beijing think tank researcher.
Tuesday, March 31st 2009 - 05:23 UTC
Lethal red tide threatens south shores of Chile

Region V health authorities have prohibited the harvest, consumption and sale of all shellfish found between Queilén and Quellon in the Aysén region. The decision was made after water samples showed a concentration of “red tide,” the deadly micro algae Alexandrium catenella, which was ten times the level tolerated by the human system.
Tuesday, March 31st 2009 - 05:11 UTC
Hundreds of dead Magellanic penguins in southern Chile

Hundreds of dead Magellanic penguins (Spheniscus Magellanicus) have washed ashore in Chile’s Region XI the past several days, the Santiago daily La Tercera reported Sunday. So far experts are in the dark about what’s killing the sea birds, more than 800 of which have been found on the beaches of Las Niñas and Los Piojos near Queule.
Monday, March 30th 2009 - 15:29 UTC
UN economic office calls for risk and market regulation in Latam

The United Nations Economic Commission for Latinamerica and the Caribbean, UNECLC warns that the current global situation is “far more severe” than the depression of the thirties and calls for urgent action in dealing with “risk and market regulation”.
Monday, March 30th 2009 - 15:24 UTC
US will no longer “dictate unilaterally”, but Cuban embargo remains

United States Vice President Joe Biden said that Washington would no longer “dictate unilaterally” to Latin America, and that it had entered a new era in the historically troubled relationship.
Sunday, March 29th 2009 - 16:32 UTC
First time Chilean pavilion at the Miami Sea Trade Cruise convention

Chile participated this year in the last edition of the annual Miami Sea Trade Cruise Shipping convention for the first time with a full stand shared by government, municipal and private interests.
Saturday, March 28th 2009 - 15:49 UTC
Unexpected embarrassment for PM Brown from Chilean president

British Primer Minister Gordon Brown was left embarrassed Friday when host Chilean Michelle Bachelet inadvertently echoed the Conservatives' attack on his command of the economy.