Latin America

Tuesday, September 30th 2008 - 21:00 UTC
Chilean peso looses 22% value in dollar terms in 6 months

Chile's Central Bank on Monday called an early halt to the 8 billion US dollars foreign-exchange intervention plan that has seen the peso depreciate 22% against the US dollar since April arguing the impact of international financial markets.
Tuesday, September 30th 2008 - 21:00 UTC
Chile debates re-nationalization of fresh water resources

A broad coalition of Chilean politicians, Church leaders, environmentalists, indigenous groups and labor unions is calling on Chilean authorities to renationalize the country's fresh water resources.
Tuesday, September 30th 2008 - 21:00 UTC
Richest Latinamerican warns of financial crisis impact

Mexican billionaire Carlos Slim and Latinamerica's richest man is calling the current financial crisis the worst he has ever seen and anticipated it is going “to impact everybody”. It's a very difficult situation and it will affect all economies he added.
Tuesday, September 30th 2008 - 21:00 UTC
Brazil and Argentina markets suffer record day losses

Stock markets in Latinamerica crashed on black Monday 29, following the US House of Representatives rejection of the bi partisan bail out package which had been painfully stitched over the weekend.
Sunday, September 28th 2008 - 21:00 UTC
US/Bolivia clash over trade and drugs; OAS good offices

Organization of American States Secretary General Miguel Insulza said on Sunday he would request the United States to reconsider the decision to begin the process of suspending tariff benefits to Bolivia.
Sunday, September 28th 2008 - 21:00 UTC
Rice meets Latam ministers to address political diversity

United States Secretary of State Condoleezza Rice met on Saturday with Foreign Affairs ministers from several Latinamerican countries to address the political and economic relation between the US and the region.
Sunday, September 28th 2008 - 21:00 UTC
The impact of transport costs on Latinamerican trade

Latin American exports' growth depends more on lower transport costs than on reduction of tariffs. This warning is in research “Unclogging the Arteries: A Report on the Impact of Transport Costs on Latin American and Caribbean Trade.”
Sunday, September 28th 2008 - 21:00 UTC
ENAP exploring for coal methane gas in Magallanes

Chile is exploring for methane gas from the abundant coal reserves in the extreme south region of Magallanes, more precisely 80 kilometers to the north of Punta Arenas.
Sunday, September 28th 2008 - 21:00 UTC
Pte. Correa claims “overwhelming” referendum victory

Ecuador's President Rafael Correa claimed on Sunday evening a “historic victory” in a referendum to give him new powers after exit polls said he easily won with 63 to 66% of the vote. Speaking from Guayaquil, an opposition stronghold, a jubilant Mr Correa said his constitutional reform proposals had been approved across the country.
Sunday, September 28th 2008 - 21:00 UTC
Chilean vessel completes first Arctic cruise season

The Chilean cruise vessel “Antarctic Dream” is expected back in Punta Arenas next October 12 after having completed her first northern hemisphere summer season sailing in the Arctic.