Mexico will compensate China Railway Construction Corporation (CRCC) $1.31m for cancelling a $3.75bn high-speed rail contract. CRCC was at the head of a consortium that had won the project last year, which was abruptly revoked shortly after being awarded.
Chile and China have enjoyed a positive and fruitful relationship and bilateral ties will further develop very strongly in the future, anticipated Chilean President Michelle Bachelet during an interview with Xinhua prior to Chinese Premier Li Keqiang's upcoming visit
China and Peru have agreed to study the feasibility of a controversial 5,300 km transcontinental railroad that will connect Peru's Pacific coast with Brazil's Atlantic coast, China's official Xinhua News Agency reported.
A strong El Niño is likely to increase prices of staple foods such as rice, coffee, sugar and cocoa, say scientists. Forecasters agree that the El Niño effect, which can drive droughts and flooding, is under way in the tropical Pacific, but they say it is too early to say how severe it will be.
Chinese Premier Li Keqiang vowed to deepen economic ties with Colombia after arriving to Bogotá on Thursday, as part of his four-nation South American tour aimed at boosting trade and investment. Li is the highest-ranking Chinese official to visit Colombia since the two nations established diplomatic ties 35 years ago and his visit was hailed as historic by President Juan Manuel Santos.
Following reports of suspected Zika virus in Brazil, the health ministries of several Caribbean countries have issued advisories for the mosquito borne viral disease.On Thursday, the Jamaica Health Ministry issued an epidemiological alert after the Pan American Health Organization (PAHO) noted the potential spread of this arbovirus across territories where the vectors (Aedes) are present.
President Obama is looking to travel to Cuba’s capitol city of Havana before his tenure ends, White Press Secretary Josh Earnest told reporters Thursday, the same day a Florida bank announced that the State Department has given them permission to make diplomatic transactions between the two nations.
Uruguayan president Tabare Vazquez will be meeting his peer, Dilma Rousseff in Brasilia this Thursday to address a dense bilateral agenda, and more specifically the workings and future of Mercosur, in search for a more flexible group, open to agreements with third parties.
A cruise ship with thousands of passengers headed to Boston in the US east coast was freed late Tuesday night after running aground off the coast of Bermuda. With the arrival of high tide, the ship was able to be freed and was moved to a nearby anchorage position, officials reported.
Beijing has come to the rescue of Brazil's slumping economy with trade, finance and investment deals worth at least 53 billion dollars in energy, mining, aviation and upgrading of dilapidated infrastructure.