Latin America

Friday, August 15th 2014 - 06:51 UTC
Auction 21 August to settle (and possible payout) of Argentina's defaulted swaps

The International Swaps and Derivatives Association (ISDA) will hold an auction on August 21 to settle Argentina’s default swaps. The auction, run by Creditex and Markit, will determine the payout that holders of protection on Argentine debt (CDS) will receive as a result of the default on July 30.
Friday, August 15th 2014 - 06:47 UTC
New record for the US dollar in Argentina's 'blue market', 13.20 Pesos

The US dollar in Argentine money markets continued its rising path on Thursday with a new record climb to close at 13.20 Pesos. This so-called “blue” dollar had jumped 20 cents to 13.15 pesos on Wednesday, breaking its 13.06 Pesos record from 23 January.
Friday, August 15th 2014 - 06:44 UTC
Argentine July inflation 2.47% and 39.71% in twelve months, according to Congress index

July consumer prices index in Argentina according to the so called Congressional index, climbed 2,47% and 39.71% in the last twelve months. The same index marked 2.2% in June indicating a growing tendency.
Friday, August 15th 2014 - 06:40 UTC
Chilean lawmakers approve initiative to ban trawling in territorial waters

The House of Representatives approved this week a draft agreement to ban trawling in Chile. With 55 votes in support, six against and five abstentions, the deputies voted in favor of the Draft Resolution No. 100, which requests the Executive to submit a legislative initiative to amend Article 49 of Act No. 18,892 in order to ban fish catching by trawling.
Friday, August 15th 2014 - 06:34 UTC
Mujica, Latin America's most original leader according to The Economist

Under the heading of “The sage of Montevideo”, The Economist visited the Uruguayan president at his farmhouse in the outskirts of Montevideo where they had a long chat.
Friday, August 15th 2014 - 02:26 UTC
All phone calls inside Chile become local; Punta Arenas code area is 61

Chile has become a single territory for telecommunications and long distance calls with different rates for fixed lines will no longer exist beginning Saturday. This in practical terms will also means a 50% reduction on normal phone calls.
Friday, August 15th 2014 - 02:24 UTC
YPF announces new shale oil find in Neuquen-Mendoza area

Argentine state-controlled energy company YPF on Thursday announced a shale oil find in the southwestern province of Neuquen in Patagonia. The discovery was made at the Agrio formation, according to CEO Miguel Galuccio, who said at a press conference that production operations will be carried from the neighboring province of Mendoza.
Friday, August 15th 2014 - 02:21 UTC
Last minute decision saved Marina Silva from travelling with Campos

Environmental activist and politician Marina Silva could have been on the plane that crashed on Wednesday and killed presidential candidate Eduardo Campos and six other occupants.
Friday, August 15th 2014 - 02:18 UTC
WHO downplays panic: air travel is low-risk for Ebola transmission

The World Health Organization reiterated its position that the risk of transmission of Ebola virus disease during air travel remains low. “Unlike infections such as influenza or tuberculosis, Ebola is not airborne,” says Dr Isabelle Nuttall, Director of WHO Global Capacity Alert and Response. “It can only be transmitted by direct contact with the body fluids of a person who is sick with the disease.”
Friday, August 15th 2014 - 02:15 UTC
Unasur Montevideo summit planned for next week, suspended until October

A planned presidential summit between the heads of state of the Union of South American Nations (Unasur) has been suspended due to scheduling conflicts amongst member countries, according to the Uruguayan Foreign Ministry.