Latin America

• Friday, July 6th 2018 - 08:12 UTC

  FDI in Latin America falls for the third year running, says ECLAC

  

  Despite an international context characterized by stronger growth in the global economy, abundant international liquidity, high corporate returns and optimism in financial markets, the flows of Foreign Direct Investment (FDI) in Latin America and the Caribbean – on average, and with great heterogeneity within the region – fell for the third year in a row in 2017 to total US$ 161.673 billion dollars, down 3.6% from the previous year and 20% below the level reached in 2011.

• Thursday, July 5th 2018 - 08:48 UTC

  Latam agriculture and fisheries production to expand 17% over the next decade

  

  Agricultural and fisheries production in Latin America and Caribbean is projected to expand by 17% over the next ten years, says a new report from the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO).

• Thursday, July 5th 2018 - 08:41 UTC

  Brazilian stock market up 1%; Electrobras shares soar 18%

  

  Brazil's benchmark Bovespa index jumped more than 1% on Wednesday in low-volume trading on the U.S. Independence Day holiday, while shares of Brazilian power utility Centrais Elétricas Brasileiras SA soared.

• Wednesday, July 4th 2018 - 21:45 UTC

  Despite acts of violence, OAS congratulates Mexico on the success of Sunday's elections

  

  The Electoral Observation Mission of the Organization of American States (OAS) deployed to Mexico to observe the federal and local elections of Sunday July first presented its preliminary report, in which it congratulated the Mexican people for the success of the largest and most complex electoral process in the country's history and for the massive participation in the election of more than 18,000 posts.

• Wednesday, July 4th 2018 - 08:29 UTC

  Bolivia invites India to develop lithium reserves, essential for electric vehicles and smart phones

  

  Bolivia, known to have the largest reserves of lithium, has offered the metal –used in making batteries of electric vehicles, laptops and smart phones– to India. Ambassador to India, Sergio Dario Arispe Barrientos, said Bolivia has the largest deposit of Lithium and India could explore this opportunity.

• Tuesday, July 3rd 2018 - 07:13 UTC

  Mexican peso weakens and stock market sheds 2% after Lopez Obrador sweeping Sunday victory

  

  Mexico's stock market sank on Monday and the peso slid after presidential candidate Andres Manuel Lopez Obrador handily won election while his allies picked up a significant number of congressional seats. Mexico's benchmark stock index shed more than 2%, its steepest one-day drop in nearly five months, after Lopez Obrador on Sunday won with the widest margin in a presidential election since the 1980s

• Monday, July 2nd 2018 - 07:28 UTC

  Landslide win for México's Lopez Obrador who pledged battle the 'mafia of power'; Trump congratulates

  

  Andrés Manuel Lopez Obrador, who rallied voters with his battle cry against corruption and promises to the poor, won a resounding victory Sunday night in Mexico’s presidential election, after the concession of his two top rivals. The victory makes him the first left-oriented president since Mexico began its transition to democracy more than 30 years ago.

• Saturday, June 30th 2018 - 14:54 UTC

  Pence urges Latin America to isolate Venezuela which is falling to “dictatorship, deprivation and despair”

  

  U.S. Vice President Mike Pence urged Latin American countries to help isolate crisis-stricken Venezuela, an ideological adversary of Washington that is struggling under a severe and prolonged economic crisis.

• Friday, June 29th 2018 - 05:11 UTC

  President Vizcarra claims corruption costs Peru US$ 3 billion annually

  

  President Martin Vizcarra said that the Peruvian government will enforce a “zero tolerance” policy against corruption amid a spreading bribery scandal that has involved at least three former presidents.

• Thursday, June 28th 2018 - 13:20 UTC

  Frustration with the political system marks Mexico's Sunday presidential election

  

  Violence hit a record peak in Mexico last year with over 30,000 murders — and it is not slowing down. More than 100 politicians alone have been killed in the lead-up to the country’s election this Sunday.