Latin America

• Tuesday, February 25th 2014 - 04:29 UTC

  ENAP Magallanes begins production at new well; company's profits soar in 2013

  

  Chile's state-owned oil and gas company ENAP successfully put into production the well “Paraguaya 2” at Intracampos Block (100% ENAP) in Tierra del Fuego, with an initial flow rate of 160 cubic meters per day of oil, equivalent to 1,006 barrels.

• Tuesday, February 25th 2014 - 04:26 UTC

  Ambassador Castro supports democratic Maduro and blames a “ferocious media attack”

  

  The Argentine ambassador to the United Kingdom, Alicia Castro, openly revealed her support for Venezuelan president Nicolás Maduro as protests in the nation continued, while criticizing what she saw as a “ferocious media attack” carried out by opponents of the head of state.

• Monday, February 24th 2014 - 22:28 UTC

  Brazil and EU agree to lay an undersea cable to avoid US internet surveillance

  

  Brazil and the European Union agreed on Monday to lay an undersea communications cable from Lisbon to Fortaleza to reduce Brazil's reliance on the United States after Washington spied on Brasilia.

• Monday, February 24th 2014 - 22:19 UTC

  Rousseff and Barroso optimistic about Mercosur/EU trade talks scheduled to begin 21 March

  

  Trade negotiations between the European Union and Mercosur could move quickly once a technical meeting next month has taken place, EU Commission President Jose Manuel Barroso said after a meeting on Monday with Brazilian President Dilma Rousseff in Brussels and the European Council president Herman Van Rompuy.

• Monday, February 24th 2014 - 06:49 UTC

  Magallanes the fastest and strongest growing region of Chile last year

  

  Magallanes, in the extreme south of Chile plus Aysén and Tarapacá are the regions which registered the best performance in 2013 according to the country's indicator of regional economic activity, Inacer, which is released by the country's Stats Office, INE.

• Monday, February 24th 2014 - 05:14 UTC

  Rousseff consolidates as favorite to win re-election in October

  

  Brazil's President Dilma Rousseff remains the favorite to win re-election in October with a comfortable lead over possible contenders, according to a poll published Sunday. The Datafolha polling institute said Rousseff has recovered much of the support she had lost in the wake of mass street protests in the middle of last year.

• Monday, February 24th 2014 - 05:00 UTC

  Insulza suggests 'outside players' could help reach an agreement in Venezuela

  

  Organization of American States, OAS, Jose Miguel Insulza has suggested the participation of 'outside players' in Venezuela to try and lower the pressure and consequences of the current situation in the country. Insulza made the suggestion in a letter published by several newspapers from the region, but underlining that it is Venezuelans that must reach an understanding to overcome the situation.

• Saturday, February 22nd 2014 - 07:11 UTC

  Cristina Fernandez ratifies solidarity with Venezuela: opposition should wait for next elections

  

  In a rally at the Buenos Aires province town of Florencio Varela, President Cristina Fernandez ratified Argentina’s “solidarity” with the Venezuelan government of President Nicolas Maduro, as the fifth Mercosur full member continues to be caught up in a wave of violent protests that have claimed the lives of 6 so far.

• Saturday, February 22nd 2014 - 06:28 UTC

  Argentine economy expanded 4.9% last year, according to government data

  

  The Argentine economy expanded 4.9% last year according to the official stats office Indec 'monthly economic growth indicator', EMAE, which is usually a good anticipation of the final figures. If confirmed Argentina will have grown uninterruptedly since the 2002 crisis, when the major default and melting of the economy.

• Saturday, February 22nd 2014 - 05:48 UTC

  Tall ships parade in Punta del Este; Mujica invited to a reception in ARA Libertad

  

  Uruguayan president Jose Mujica is scheduled to attend a reception on Saturday at Argentina's tall ship Libertad, which together with several similar vessels is participating in the '2014 Latin American Sails' tour of thirteen Latin American and Caribbean ports, and on Friday arrived to Punta del Este.