Latin America

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.
Monday, June 2nd 2014 - 08:21 UTC
Moody's upgrades Uruguay's rating to Baa3, based on reduced 'vulnerabilities'

Moody's Investors Service last Friday announced it had upgraded Uruguay's government bond rating to Baa2 from Baa3, and assigned a stable outlook to the Baa2 rating. The upgrade was driven by the strengthening of Uruguay's sovereign credit profile, as reflected by the convergence of fiscal and debt metric, an overall government debt profile that is currently associated with moderate credit risks, and the country's reduced vulnerabilities to regional and commodity shocks.
Monday, June 2nd 2014 - 07:55 UTC
Former guerrilla commander sworn in as El Salvador president

Former guerrilla commander Salvador Sanchez Ceren on Sunday was sworn in as president of El Salvador for the second consecutive five-year mandate of the FMLN, an ex-guerrilla movement and current political party.