Latin America

Friday, October 17th 2008 - 20:00 UTC
Miami trial reveals “rampant corruption” in Venezuela deals

The partner of a wealthy Venezuelan businessman on trial for his alleged involvement in a Latin American political cash scandal said Friday they were both deeply involved in rampant government corruption in their home country.
Thursday, October 16th 2008 - 20:00 UTC
Mexico lost 10% of international reserves to prop the Peso

The Mexican peso closed trading Wednesday at 12.74 to the US dollar, compared to 12.50 on Tuesday, with a depreciation of 1.8% having oscillated up to 12.82. The central bank on Wednesday morning auctioned 400 million US dollars as had been anticipated by government officials.
Thursday, October 16th 2008 - 20:00 UTC
Chilean Navy confirms killing of British priest in 1973

Despite decades of denial surrounding the kidnapping, torture and death of British-Chilean priest Michael Woodward, a retired Chilean Navy official has admitted that the priest died aboard the school ship “Esmeralda”.
Thursday, October 16th 2008 - 20:00 UTC
Latam: 15 million risk falling back into poverty says Cepal

Almost fifteen million people from Latinamerica and the Caribbean will fall back into poverty in the coming years because of the increase in food prices and a slower economic growth in the region, forecasted the United Nations Latinamerica and Caribbean Economic Commission, Cepal.
Thursday, October 16th 2008 - 20:00 UTC
Swiss government rescues top UBS bank with 65 bn USD

Switzerland is taking steps to strengthen its largest bank, UBS, becoming the latest European government to unveil a banking rescue plan. UBS is raising 6bn Swiss francs (5.3 billion US dollars) from the government.
Wednesday, October 15th 2008 - 20:00 UTC
Fighting corruption and poverty, agenda of new Peruvian cabinet

Peruvian President Alan Garcia swore in a new Cabinet headed by a leftist governor as Prime Minister following a scandal over possible corruption in the awarding of oil concessions which prompted all of his ministers to resign last week.
Wednesday, October 15th 2008 - 20:00 UTC
Magallanes has six of Chile's least populated locations

Magallanes Region in the extreme south of Chile has some of the least populated towns and villages of the country according to the latest census.
Tuesday, October 14th 2008 - 20:00 UTC
Positive contagion lifts Latam to one day record-gains

Latinamerican equities staged on Monday a powerful rebound from last week's crash, with Brazil's Bovespa soaring 14% and Mexico's IPA 11.1%, its highest one day gain this year and since 1998.
Tuesday, October 14th 2008 - 20:00 UTC
South Georgia another record year of cruise visits

South Georgia following on from last year's record will once again experience an increase in the number of cruise ship visits to the Island.
Tuesday, October 14th 2008 - 20:00 UTC
Uribe, Lula da Silva and Vazquez, best performing leaders

Colombia's Alvaro Uribe, Brazil's Lula da Silva and Uruguay's Tabare Vazquez figure as the leaders with the best performance record according to the 2008 edition of the Ibero-American Governance Barometer 2008.