Latin America

Thursday, February 27th 2014 - 00:36 UTC
Total fortune of wealthiest Argentines estimated at 26.85bn dollars

The total fortune of the 15 wealthiest Argentines has been estimated at 26.85 billion dollars, falling just shy of the 27.679 billion dollars currently in the Central Bank’s foreign reserve account, according to a list of the country’s richest people published recently by the local edition of Forbes magazine.
Thursday, February 27th 2014 - 00:31 UTC
IMF lets fresh air in and addresses income inequality and redistribution debate

Income inequality can lead to slower or less sustainable economic growth, while redistribution of income, when measured, does not hurt and can even help an economy, IMF staff found in a research study released on Wednesday. Although the study by IMF economists does not reflect the Fund's official position, it is another sign of a shift in its thinking about income disparity.
Wednesday, February 26th 2014 - 23:13 UTC
OAS Permanente Council special meeting on Venezuelan situation suspended

The meeting of the Organization of American States (OAS), Permanent Council convened to evaluate the possibility of holding a meeting of ambassadors to address the current political situation in Venezuela, has been postponed after pressure from the Venezuelan Government, said Carlos Ponce, coordinator for the Latin American and Caribbean Network for Democracy (Redlad).
Wednesday, February 26th 2014 - 20:33 UTC
Brazil farmers want a Mercosur/EU trade agreement even leaving Argentina out

Brazil would like free-trade talks between the European Union and Mercosur to include Argentina, but would be prepared to proceed without its regional ally if an understanding can't be reached on March 7, according to the head of Brazil's farming confederation.
Wednesday, February 26th 2014 - 07:10 UTC
Paraguay will chair Mercosur in the next six months, says Dilma Rousseff

Paraguay will hold the following rotating chair of Mercosur, (if the group's summit to be hosted by Venezuela and which has been delayed on several occasions really takes place). The announcement was made by Brazilian president Dilma Rousseff during her visit on Monday to Brussels for the Brazil/EU summit, who underlined that Brazil supports dialogue as the way out to the current situation in Venezuela.
Tuesday, February 25th 2014 - 20:35 UTC
US orders three Venezuelan diplomats out of the country in reprisal for similar measure from Maduro

The United States ordered three Venezuelan diplomats to leave in reprisal for President Nicolas Maduro's expulsion of three US embassy staff accused of fomenting unrest that has killed at least 13 people.
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.