Latin America

Friday, December 27th 2013 - 04:58 UTC
Argentina makes its case to Forbes: 'commitment has been to treat all bondholders equally'

By Cecilia Nahón (*) - The op-ed published on October 21 entitled “Supreme Court Moves Us Closer To Holding Deadbeat Argentina Accountable” openly distorts Argentina´s recent history and the facts surrounding its debt restructuring.
Friday, December 27th 2013 - 00:16 UTC
Cristina Fernandez determined to decide on the incumbent candidate for 2015

Argentine president Cristina Fernandez denied point blank any prospects of her running for office for a third consecutive period or any other elected post in the 2015 elections. Member of Congress Carlos Kunkel, considered an 'ultra-Kirchnerite' said on Christmas that at the end of her mandate “Cristina will continue in politics”. However Cristina will apparently decide on the incumbent presidential candidate for 2015.
Friday, December 27th 2013 - 00:05 UTC
Over 10m Argentines live in poverty conditions, says Catholic University

Over a quarter of the Argentine population live in poverty conditions, with no formal job, poor quality education, dreadful housing and insufficient healthcare, according to the latest paper from the Buenos Aires Catholic University Social Debt Observatory.
Thursday, December 26th 2013 - 07:43 UTC
Trickle-down economics in one of South America’s poorest countries, Paraguay

The Economist has dedicated an article to the recently inaugurated Paraguayan president Horacio Cartes, and his attempts to improve the living conditions of the majority of a population which is poor in a country rich in agriculture and energy.
Thursday, December 26th 2013 - 06:00 UTC
UK sponsored 'innovation vouchers' for Chilean small and medium sized enterprises

Fifteen “innovation vouchers” were awarded to Chilean (Small and medium enterprises), SMEs who will now begin working with project teams from the Universidad Católica, Universidad de Desarrollo and Universidad de Santiago to improve their company’s products and services.
Monday, December 23rd 2013 - 13:27 UTC
Argentina successfully launches rocket; “program to recover defense capabilities”

Argentina successfully launched a research rocket as part of its space program, the Defense Ministry said on Friday. The launch took place on Wednesday from Chamical, in La Rioja province, 880 km northwest of the capital.
Saturday, December 21st 2013 - 21:22 UTC
Uruguay Economy minister resigns over scandal involving flag air carrier Pluna

Uruguay's economy minister Fernando Lorenzo resigned on Saturday in the face of questions over the alleged irregular sale of government-owned airplanes following the closure of Pluna, the country's flag carrier, President Jose Mujica announced at a brief press conference, with no questions taken, next to Vice president Danilo Astori.
Saturday, December 21st 2013 - 01:59 UTC
Uruguay's ruling coalition ends 2013 with a majority lead in public opinion

Uruguay's ruling coalition, Broad Front, is closing 2013 with a strong 44% electoral support, which is higher than all the opposition put together, according to the latest Mori public opinion poll on vote intention and support for the presidential hopefuls
Friday, December 20th 2013 - 06:48 UTC
Stiglitz says China demand for better diet will keep Mercosur countries busy

The commodities-exporting economies of Latin America will continue expanding in the years ahead, driven by demand from China despite slower growth in its economy, Nobel Prize-winning economist Joseph Stiglitz said during a conference round in Uruguay.
Friday, December 20th 2013 - 06:35 UTC
After fifty years Cubans can now buy and sell cars, but for most non affordable

Cubans will be able to buy new and second-hand cars from state-run retailers without a permit under new rules approved by President Raul Castro's government. The measure, announced Thursday by the official media, is another step in Castro's plan to “modernize” the island's socialist economy and lift decades-old market restrictions.