Latin America

Tuesday, November 5th 2013 - 07:07 UTC
Clarin group presents plan to divide media assets in six different companies

The Argentine media group Clarin presented a plan Monday to divide its media assets into six different companies to comply with a controversial media antitrust law. The move was announced shortly after the head of the authority set up to enforce the law offered assurances that the group would be allowed to keep its most valuable TV and radio licenses.
Monday, November 4th 2013 - 23:57 UTC
EU lawmaker 'cautiously optimistic' about trade agreement with Mercosur in 2014

A member from the European parliament, Jean Pierre Audy who headed a mission to Brazil last week said he was confident that next year the long standing negotiations for a free trade and cooperation agreement between the European Union and Mercosur “could be concluded”.
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.