Latin America

• 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.

• Wednesday, May 13th 2015 - 08:05 UTC

  Bolivia closer to Mercosur full membership; coming summit in Brasilia decisive

  

  Bolivia is closer to becoming a full member of Mercosur following on Argentina's ratification of the Adhesion Protocol.

• Tuesday, May 12th 2015 - 10:30 UTC

  Ex US president Carter ends Guyana election monitoring trip after falling ill

  

  Former United States President Jimmy Carter ended an election-monitoring trip to Guyana early and flew home on Sunday after falling ill, the Carter Center, his nonprofit organization, said in a statement. The Carter Center provided only sketchy information on Sunday about the condition of the 90-year-old former president.

• Tuesday, May 12th 2015 - 08:51 UTC

  Guyana voting in early election to end Executive/Legislative standoff

  

  Guyana voted Monday in early elections pitting embattled President Donald Ramotar against an upstart opposition alliance seeking to unite voters across racial lines with its calls to end corruption.