Latin America

Monday, October 6th 2014 - 05:56 UTC
Dilma (40%) and Neves (34%) to the runoff; mathematically the opposition can win

Brazil's unpredictable election took another twist Sunday, with populist President Dilma Rousseff forced into a runoff race as expected, but against a center-right challenger who only surged in the final week of the campaign.
Saturday, October 4th 2014 - 10:38 UTC
Investors on edge waiting for the results of Sunday's voting in Brazil

Latin American currencies weakened on Friday after strong U.S. jobs data was seen as increasing the likelihood of higher interest rates in the world's largest economy, while Brazil markets fluttered in the last trading session before Oct. 5 elections.
Saturday, October 4th 2014 - 08:25 UTC
Pacific Alliance and Mercosur will attempt convergence, sponsored by Chile

A first meeting to assess opportunities for accords between the Alliance of the Pacific and Mercosur will take place next November in Santiago de Chile confirmed, confirmed Chilean foreign minister Heraldo Muñoz.
Thursday, October 2nd 2014 - 06:54 UTC
Ecuador apologizes to indigenous community for allowing oil drilling

Ecuador has apologized to an indigenous community for authorizing oil drilling on ancestral land without their permission. The apology to the Sarayaku community came two years after the Inter-American Court of Human Rights ruled that the OPEC nation had violated the tribe's right to be consulted on oil concessions granted for their land.
Thursday, October 2nd 2014 - 06:03 UTC
Kissinger wanted to smash Cuba in 1976 for its intervention in Angola

US Secretary of State Henry Kissinger drew up plans to “smash Cuba” with air strikes nearly 40 years ago, government papers obtained by researchers show. He was angered by Cuba's 1976 military intervention in Angola and was considering retaliation if Cuban forces were deployed elsewhere in Africa.
Tuesday, September 30th 2014 - 04:51 UTC
South Korea constructing Bolivia's longest bridge to be delivered in 35 months

South Korea's Hyundai-Byucksan consortium started construction of a bridge 1,440 meters long in eastern Bolivia, a span that will be the country's longest and will require an investment of 49.9 million dollars, some of which will come from a loan from Seoul.
Monday, September 29th 2014 - 21:16 UTC
Judge Griesa declares Argentina in contempt of court, but deferred financial penalties

New York district judge Thomas Griesa declared on Monday Argentina in contempt of court, due to the country's actions in attempting to change debt jurisdictions as a result of the ongoing judicial conflict with holdout investors presided over by the US magistrate.
Monday, September 29th 2014 - 08:54 UTC
Uruguay needs to improve infrastructure, “especially roads and port facilities”

Finland's UPM, one of the largest forestry groups in the world, does not intend for the moment to build any new pulp mills in Uruguay, said Jaakko Sarantola, vice president of the cellulose division of the company, who also pointed out that Uruguay needs to improve infrastructure to facilitate logistics.
Saturday, September 27th 2014 - 08:13 UTC
Guest post: the UN is not the solution for a rogue debtor

By Arturo Porzecanski of American University (*) - Jose Antonio Ocampo, a former United Nations official and co-president with Prof. Joseph Stiglitz of Columbia University’s Initiative for Policy Dialogue, which promotes the adoption of heterodox economic policies in developing countries, recently wrote a guest post welcoming a UN General Assembly resolution calling for the launch of negotiations on a multilateral framework for sovereign debt restructuring.
Friday, September 26th 2014 - 06:56 UTC
Colombian court orders mining companies to return land to aboriginal tribe

Colombian legal tribunal has ordered 11 companies to halt gold-mining operations in a 50,000-hectare reserve in the northwest of the country and return the land to the native tribe that previously lived there.