Latin America

Monday, May 18th 2015 - 04:55 UTC
Granger swears as Guyana's new president with a one seat majority in legislature

Former army brigadier David Granger was sworn in as Guyana's new president on Saturday after his multiracial opposition coalition narrowly won a national election, heralding a new chapter in the ethnically-divided.
Monday, May 18th 2015 - 04:32 UTC
Massive turnout in Guatemala demanding president Perez Molina steps down

Thousands of Guatemalans took to the streets on Saturday, demanding the nation's President Otto Perez Molina leave office in the wake of a scandal that claimed his former Vice President Roxana Baldetti.
Saturday, May 16th 2015 - 08:03 UTC
Opposition wins in Guyana defeating party in power for 23 years

A retired army general is poised to become Guyana’s new president after a multi-ethnic opposition ¬coalition defeated a party that has been in power for 23 years, officials said. Preliminary results show David Granger and his Partnership for National Unity-Alliance for Change Coalition got nearly 207,000 votes in Monday’s ¬general elections.
Friday, May 15th 2015 - 07:38 UTC
The project of a trans-continental railway, Atlantic to Pacific, with Chinese funds

Peru, Brazil and China are moving forward on a transcontinental railway that will cut across the continent, climb the Andes and connect port cities in the Pacific and Atlantic coasts.
Friday, May 15th 2015 - 04:41 UTC
Exxon discovers oil off Guyana coast, in territory claimed by Venezuela

Exxon Mobil Corp has discovered oil off the coast of Guyana, the company and the South American nation's government said on Thursday, potentially inflaming a long-running territorial dispute with neighboring Venezuela.
Thursday, May 14th 2015 - 01:45 UTC
Partial recount of Guyana's May 11 general elections votes delays results

The release of official results from Guyana’s May 11 general elections has been delayed for at least another 48 hours to allow for a partial recount, the Guyana Elections Commission, known as GECOM, said on Wednesday.
Wednesday, May 13th 2015 - 08:37 UTC
IDB 216m dollars loan for Uruguay to support construction of wind farms

The Inter-American Development Bank (IDB) continues to support the expansion of renewable energy in Uruguay through two financial packages, totaling 216 million dollars, which were approved for the private sector to finance part of the construction of the Colonia Airas and Valentines wind farms and their related works.
Wednesday, May 13th 2015 - 08:29 UTC
Petrobras still Latam's top company but fell to second-worst performer because of corruption losses

Brazil's state oil giant Petrobras remains Latin America's top company in revenues, but has lost its position as the profit leader after posting record losses last year due to a growing corruption scandal and administrative inefficiencies, according to a new ranking of the region's 500 largest companies from digital publication Latinvex.
Wednesday, May 13th 2015 - 08:21 UTC
Latam to debate controversial issue: 'post Washington Consensus' industrial policies

The Inter American Development Bank, IDB, has organized a seminar to discuss industrial policies in Latin America and the Caribbean in a post Washington-Consensus framework. Anemic economic growth in the region is in need of policy shot in the arm.
Wednesday, May 13th 2015 - 08:14 UTC
Remittances to Latin America and Caribbean beat the 2008 pre-crisis record

Remittances to Latin America and the Caribbean set a new record high in 2014 with 65bn dollars basically supported by the recovery of the economy and labor market in the United States, according to the latest release from the Inter American Development Bank.