Latin America

• Monday, November 4th 2013 - 23:53 UTC

  Uruguay considers withdrawing troops from Haiti because of the 'political impasse'

  

  Uruguay's President Jose Mujica said he plans to withdraw his country's peacekeeping troops from Haiti because of the lack of democratic progress and pointed to delays in convening Senate elections and a general “political impasse in Haitian society.”

• Monday, November 4th 2013 - 06:01 UTC

  Botnia/UPM controversy: Argentina retaliates delaying Uruguayan exports

  

  Argentina's clash with Uruguay over the Botnia/UPM pulp mill has led to furious retaliations from Buenos Aires severely limiting trade and not allowing Argentine exporters to make use of the port of Montevideo for transshipment.

• Monday, November 4th 2013 - 05:48 UTC

  Argentina will continue with its policy of 'containing' imports, says Moreno

  

  Argentina Secretary of Domestic Trade Guillermo Moreno anticipated that the current policy implementing obstacles to contain foreign trade will continue to promote the domestic market and production, and ”because I follow the orders from the President (Cristina Fernandez)”.

• Monday, November 4th 2013 - 05:43 UTC

  Uruguay extends UPM pulp mill production license for another three years

  

  The Uruguayan government announced it has renewed until 2016 Botnia/UPM pulp mill license so it can continue with production since it complies with the necessary environmental requisites and is committed to the additional standards demanded, said Housing and Environment minister Francisco Beltrame.

• Monday, November 4th 2013 - 05:38 UTC

  Malvinas: Panama reaffirms support for Argentina; disregards links with Falklands

  

  Panama reaffirmed its support for Argentina and its sovereignty claim over the Falklands/Malvinas Islands following on a complaint from Buenos Aires regarding a trip of Panamanian lawmakers to the Islands invited by the local government

• Monday, November 4th 2013 - 00:27 UTC

  Shelving of Pascua-Lama mining project in the Andes conditions Barrick Gold

  

  A massive public share offering from Barrick Gold Corp proved a tough sell, market sources said, as the price of gold dropped and investors digested news that the miner had shelved a key growth project

• Sunday, November 3rd 2013 - 03:18 UTC

  US appeals court rules in favor of Argentina; rejects lift of stay requested by hedge funds

  

  A US appeals court said on Friday it would leave a freeze in place on an order requiring Argentina to pay 1.33 billion dollars to bondholders suing for full face repayment in the wake of the country’s 2002 default.

• Sunday, November 3rd 2013 - 00:42 UTC

  Brazil posted in September its highest primary budget deficit in five years

  

  Brazil posted a primary budget deficit of 9.048 billion Reais (4.1 billion dollars) in September, its biggest in nearly five years and the government reacted announcing a plan of cuts fearing an impact from credit rating agencies.

• Sunday, November 3rd 2013 - 00:16 UTC

  Latam needs to invest 2 trillion dollars in infrastructure in next 20 years

  

  Latin America will need 2 trillion dollars investment in the energy sector during the coming twenty years to sustain its development growth, according to a conference on “Energy: a vision of the challenges and opportunities in Latin-American and the Caribbean” sponsored by Latam Development Bank, CAF.

• Sunday, November 3rd 2013 - 00:03 UTC

  Brazil's golden boy files for bankruptcy; an example of overblown expectations?

  

  Just a few year ago, flashy Brazilian billionaire Eike Batista was bragging that he would soon overpass Carlos Slim as the world's richest man. He even liked to show visitors his Mercedes-Benz McLaren parked right in the living room of his mansion. But his fall has been deep and fast.