Argentine presidential couple Nestor and Cristina Kirchner's former Transport Secretary Ricardo Jaime was indicted last week for unlawful enrichment and impounded for 40 million Argentine Pesos (approx 5 million dollars) He's the first of very close former aides of the powerful couple to face a jail sentence.
China's Foreign minister Wang Yi will be travelling to Cuba, Venezuela, Argentina and Brazil from 18 to 27 April. The round comes two months ahead of Chinese president Xi-Jinping visit to Brazil for the BRICS summit next July in the northeastern city of Fortaleza. BRICS stands for Brazil, Russia, India, China and South Africa.
Peruvian President Ollanta Humala at the end of his three day visit to Canada was honoured in Toronto by the Canadian Council of the Americas with the Statesman of the Year annual award. On thanking the award President Humala said that Peru during this year is expected to expand over 5.5% while investment is set to increase by 8%.
The Economist has a piece on Argentina's president Cristina Fernández, an X-ray on her character, reactions, but also strong points, and what can be expected of what is left of her mandate that ends in December 2015. Even with her clout dwindling Cristina Fernández remains the most powerful politician of Argentina.
Argentina and Chile defense ministers Agustín Rossi and Jorge Burgos Varela met in Buenos Aires 'to continue advancing and deepening' the bilateral relation, which this year will have a special celebration motive: the 30th anniversary of the Peace and Friendship treaty which definitively put an end to the Beagle Channel longstanding dispute.
Argentina will witness on Thursday a new test of political clout and influence between the administration of Argentine president Cristina Fernandez and dissident organized labor, headed by teamster Hugo Moyano who has called for a national strike, anticipating it will have a resounding massive support and turnout from the Argentine people.
China loaned 102 billion dollars to Latin America between 2005 and 2013, mainly to Venezuela and Argentina, while Mexico seems to be going the same way, according to a release from the Global Economic Governance Initiative which depends from the University of Boston.
The International Monetary Fund reported on Monday a steep deceleration of Argentina’s economic activity for 2014, in a context of “high uncertainty”, according to its latest World Economic Outlook released in Washington.
Ranchers in southern Chile say a series of lightning strikes has killed more than 60 of their dairy cows, costing the cattle owners thousands of dollars. Torrential storms and lightning on Sunday spawned the strikes in south-central Chile.
While Uruguay's current financial position is significantly stronger than in the early 2000s when its economy suffered from the effects of the Argentine crisis, a severe downturn in Argentina could still have an important impact on Uruguay's economy through a variety of transmission channels, according to a new special report published by Fitch Ratings.