Latin America

• Monday, June 9th 2014 - 06:01 UTC

  FARC declares a cease fire for the Colombian residential election runoff

  

  Colombia's FARC rebels declared a ceasefire on Sunday from June 9 to 30, a period that will cover a run-off presidential election being contested mainly over how to end five decades of war with the guerrillas.

• Friday, June 6th 2014 - 08:16 UTC

  Argentina announces auto industry accord with Brazil; May sales collapsed 40%

  

  Argentina agreed to sign a one-year deal with Brazil to regulate vehicle trade between both countries, after a meeting held between Industry Minister Débora Giorgi and her Brazilian counterpart, Mauro Borges. The agreement will be signed on June 11 in Buenos Aires.

• Friday, June 6th 2014 - 07:40 UTC

  Malvinas OAS resolution calls for resumption of UK/Argentina negotiations on sovereignty

  

  The Organization of American States, OAS, annual assembly unanimously approved on Thursday a resolution on the Malvinas Islands calling on Argentina and the UK to resume negotiations regarding the sovereignty dispute.

• Thursday, June 5th 2014 - 07:15 UTC

  Dilma claims FIFA had pledged that stadiums would be built with private funds

  

  As Brazil rushes to finish stadiums and deal with a wave of protests ahead of the June 12 kick-off, president Dilma Rousseff partly blamed FIFA for the spiraling World Cup bill but said the money spent would leave a positive legacy.

• Wednesday, June 4th 2014 - 09:03 UTC

  Timid S&P ignores Moody's and leaves Uruguay' risk rating unchanged

  

  Standard & Poor's (S&P) decided on Tuesday to maintain Uruguay's sovereign debt risk rating unchanged at the lowest investment grade BBB-, because although it has solid growth prospects, predictable policies and a favorable debt profile, the country still has limited fiscal and monetary flexibility and lives in a neighborhood experimenting 'economic stress'.

• Wednesday, June 4th 2014 - 08:58 UTC

  Mexico's Pemex sells its majority stake in Repsol over management disputes

  

  Mexico's state-owned oil giant Pemex has sold the majority of its stake in Spanish energy firm Repsol for approximately 2.2bn Euros with the intervention of Citigroup and Deutsche Bank. Pemex has been a shareholder in Repsol for more than 25 years.

• Tuesday, June 3rd 2014 - 05:51 UTC

  Uruguay's primaries give birth to a new young leader in the ruling coalition

  

  Yet more surprises from last Sunday's primaries in Uruguay to choose candidates for the October presidential election. Not only did the main opposition vote overwhelmingly for renewal, but now it has emerged that in the ruling coalition, which suffers from a generation of Jurassic leaders, a young challenger has emerged as the most voted and is now demanding a place in the presidential ticket.

• Tuesday, June 3rd 2014 - 05:44 UTC

  Good news from Brazil: trade surplus in May and primary surplus in April

  

  Some good news for the beleaguered Brazilian economy and President Dilma Rousseff's bid for re-election next October. According to the latest data supplies by the government, Brazil posted a trade surplus of 712 million dollars in May, recovering from a weak start to the year but still below historical levels.

• Tuesday, June 3rd 2014 - 05:34 UTC

  Argentina and Brazil closer to an auto industry agreement

  

  Argentina and Brazil have 'cut differences' and advanced significantly in negotiations for an auto integration understanding that could be ready to be signed next week, according to industry sources in Buenos Aires.

• Tuesday, June 3rd 2014 - 05:26 UTC

  Latin America losing its competitive edge as demand for commodities slows down

  

  The United States ranks as the most competitive country in the world in a survey of 60 countries by IMD, a leading global business school in Switzerland. The survey finds Europe is recovering some of its competitive edge, while emerging economies, particularly in Latin America are struggling to hold their own.