Latin America

• Thursday, October 16th 2014 - 07:30 UTC

  Venezuela 'ripe' for default on foreign debt forecast Reinhart and Rogoff

  

  Venezuela will almost certainly default on its foreign debt, according to Harvard economists Carmen Reinhart and Kenneth Rogoff. They add that the beleaguered Latin American economy has already defaulted on “every conceivable kind of domestic debt”.

• Wednesday, October 15th 2014 - 10:17 UTC

  Citigroup exiting retail business in 11 markets including 6 in Latin America

  

  Citigroup said on Tuesday that it will bow out of the retail banking business in 11 markets, part of its ongoing effort since the financial crisis to restructure and slim down. The news came as the bank announced third-quarter earnings.

• Wednesday, October 15th 2014 - 08:36 UTC

  Latin America with a huge deficit in infrastructure investment, says Eclac

  

  Argentina should double its current investment in infrastructure and spend 6.2% of its Gross Domestic Product to satisfy its demands for the period 2012-2020, according to a report of the UN Economic Commission for Latin America and the Caribbean (ECLAC).

• Wednesday, October 15th 2014 - 07:54 UTC

  Mujica running for a Senate seat, since he anticipates a weak government

  

  Uruguay president Jose Mujica believes that the next parliament to emerge from the 26 October general election will have a difficult conformation, complicating the government's performance and that is the reason why he accepted to run for a Senate seat.

• Tuesday, October 14th 2014 - 06:54 UTC

  Morales pledges orthodox economic policies and respect for private property

  

  Bolivian President Evo Morales, who easily won a third term in a weekend election, has said he will stick to his brand of pragmatic socialism, respecting private property while expanding the state's role in the economy.

• Tuesday, October 14th 2014 - 06:48 UTC

  OAS praise for Bolivia's commitment to democracy and Sunday's elections

  

  The OAS (Organization of American States) Electoral Observation Mission in Bolivia, headed by former Guatemalan President Alvaro Colom, commends Bolivian citizenry for the high level of peaceful participation on Sunday's national elections and underlines the country’s democratic commitment.

• Monday, October 13th 2014 - 07:04 UTC

  Head of Pentagon underlines military partnership of the US with Chile

  

  US Defense Secretary Chuck Hagel met with government leaders in the Chilean capital of Santiago on Sunday to discuss deepening the U.S. military partnership with Chile.

• Monday, October 13th 2014 - 06:32 UTC

  The manager of orthodox economics dedicates landslide victory to Chavez and Fidel Castro

  

  Evo Morales easily won an unprecedented third term as Bolivia’s president Sunday on the strength of the economic and political stability brought by his government, according to unofficial results.

• Monday, October 13th 2014 - 00:20 UTC

  Neves pledges a deep reform of Mercosur and opening to the world, if he wins

  

  Deep reforms and opening Mercosur to the world will be proposed by opposition candidate Aecio Neves to the other full members, if finally he is elected to lead Brazil in the 26 October runoff against president Dilma Rousseff, said Rubens Barbosa a trade expert, former ambassador in the US and currently coordinator of the opposition government program.

• Saturday, October 11th 2014 - 09:11 UTC

  Argentina claims in can detect the ebola virus in patients in less than 24 hours

  

  Argentina has developed a molecular biological method to detect the presence of the Ebola virus in a patient in less than 24 hours, the Argentine health ministry has announced.