Latin America

• Tuesday, December 9th 2014 - 23:03 UTC

  Mercosur lacks discipline and has become a 'straitjacket' for trade negotiations

  

  Mercosur must discipline and return to its origin as a customs union since it has become a 'straitjacket' for negotiations with other regional blocks, according to Lia Valls, foreign trade coordinator at the Brazilian Economics Institute belonging to the prestigious thinktank Getulio Vargas foundation.

• Monday, December 8th 2014 - 07:12 UTC

  Road ahead for Latin America 'increasingly bumpy' says IMF Lagarde

  

  Latin America faces a rocky road ahead despite social and economic achievements in recent years, according to the head of the International Monetary Fund Christine Lagarde. Among the achievements in the last two decades and in most nations, Ms Lagarde mentioned low inflation, fiscal discipline, and financial stability.

• Monday, December 8th 2014 - 06:55 UTC

  Mujica says Guantanamo inmates in Uruguay can leave whenever they wish

  

  The detainees from Guantanamo Base in Cuba that arrived in Uruguay on Sunday as part of an agreement with the US, “can leave the country whenever they wish”, since they come as 'refugees', announced President Jose Mujica.

• Friday, December 5th 2014 - 23:56 UTC

  UK ambassador underscores shared values and qualities of Royal and Chilean navies

  

  UK ambassador in Chile Fiona Clouder underlined the values and qualities of the Royal Navy and Chilean Navy during a reception on HMS Dragon, which called at Valparaíso for the week long Exponaval 2014, considered the most important naval, maritime and ports' exhibition in the southern hemisphere.

• Friday, December 5th 2014 - 06:19 UTC

  Latin America 'unfortunately' has a very low participation in global trade

  

  Latin America 'unfortunately' has a very low participation in world trade which is a major challenge for the region, according to Gonzalo Rodriguez, member of Mercosur technical staff, who was one of several speakers at the preamble of Unasur summit.

• Thursday, December 4th 2014 - 06:06 UTC

  Ecuador to combat IUU fishing as part of trade agreement with the EU

  

  Ecuador's Deputy Minister of Aquaculture and Fisheries organized a workshop with representatives from various government institutions related to port and maritime fisheries control in the country in order to develop a National Action Plan to prevent, deter and eliminate illegal, unreported and unregulated (IUU) fishing.

• Thursday, December 4th 2014 - 04:54 UTC

  Pacific Alliance integrated stock markets, MILA, begins operations from Mexico

  

  Mexico's stock exchange on Tuesday carried out its first operation as a member of the Latin American Integrated Market, or MILA, which connects it to bourses in Chile, Colombia and Peru, MILA said in a statement. The four countries are members of the Pacific Alliance an open market, pro business and foreign investment group created in 2012.

• Wednesday, December 3rd 2014 - 09:31 UTC

  Analysts anticipate 'painful adjustment' for Uruguay if there is a continuity of current policies

  

  High inflation, relatively weak economic growth and an exhausted growth model are forecasted for Uruguayan president-elect Tabare Vazquez second administration as of next March, according to the latest report from two Capital Economics analysts.

• Wednesday, December 3rd 2014 - 07:48 UTC

  Latam forecasted to grow 2,2% in 2015, but this year will only average 1.1%

  

  Economic growth in Latin America and the Caribbean will recover in 2015 and reach 2.2% on average, according to new estimates unveiled on Tuesday by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).

• Saturday, November 29th 2014 - 07:45 UTC

  Vazquez and Mujica disputing the leadership of Uruguay's ruling Broad Front

  

  On Sunday Uruguayan voters will confirm in a runoff the country's next president, which according to all forecasts will be Tabare Vazquez. An oncologist by training, former president (2005/2009) and former mayor of the City of Montevideo, Vazquez and the Broad Front coalition was just less than three percentage points short of the needed 50% in the first round on October 26.