Latin America

Tuesday, May 21st 2013 - 23:48 UTC
Chile ranked third as most attractive country for copper mining investments

Chile is the third most attractive country for copper mining investments behind Canada and Australia according to a report from the Chilean Copper Committee, Cochilco that includes fifteen leading countries in the industry and was released this week by Mining minister Hernan de Solminihac in Santiago.
Tuesday, May 21st 2013 - 06:27 UTC
Massive money easing in rich countries making Latam currencies too strong

Currency strength due to stimulus measures in the developed world is currently Latin America's Achilles' heel, though the region's macroeconomic management is a bright spot, the head of the United Nations' body for the region said on Monday.
Tuesday, May 21st 2013 - 06:25 UTC
OAS General Assembly will hold major debate on the drug problem in the Americas

Secretary General José Miguel Insulza presented on Monday the Report on the Drug Problem in the Americas to the members of the OAS Permanent Council, in a special meeting of the Inter-American Drug Abuse Control Commission (CICAD) in which he expressed his hope that the document is understood “not as a conclusion, but only as the beginning of a long awaited debate.”
Monday, May 20th 2013 - 19:47 UTC
Brazil trapped by Argentina and Venezuela economic mismanagements

Brazil’s main financial newspaper Valor Economico revealed that the recent summit between Presidents Cristina Fernandez and Dilma Rousseff from Argentina and Brazil was far from polite and enlightening, rather the contrary with “strong disagreements in the fields of trade and investment” shaking the foundations of Mercosur.
Monday, May 20th 2013 - 07:03 UTC
Uruguay satisfied with the latest cruise season, but there could be difficulties ahead

The Uruguayan 2012/13 cruise season experienced a 10% increase in the number of calls to the ports of Montevideo and Punta del Este totalling 240 and approximately 400.000 visitors between passengers and crew members.
Saturday, May 18th 2013 - 06:57 UTC
Maduro admits to knowing “the IDs and all” of the 900.000 Chavistas who did not vote for him

Venezuelan president Nicolas Maduro admitted to knowing ‘with IDs and all’ who are the 900.000 Chavistas who crossed lines and did not vote for him in the 14 April election which anointed him as the successor of deceased Hugo Chavez.
Saturday, May 18th 2013 - 03:30 UTC
Argentina forces cancellation of all Lan flights by suspending ground services

LAN Chile halted on Friday all its flights in Argentina until Saturday morning after the state company Intercargo which provides ground support for the airline, unilaterally decided to cancel the service despite court orders to the contrary.
Saturday, May 18th 2013 - 03:04 UTC
Chile confirms its commitment to the cruise industry at the Convention in Valaparaiso

Chilean officials, led by Felix de Vicente Minister of Economy, Development and Tourism, joined senior cruise line executives, port and destination leaders, tour operators, travel agents and suppliers for a robust Seatrade Latin America Cruise Convention in Valparaiso, Chile.
Saturday, May 18th 2013 - 00:56 UTC
Chile investigates alleged case of blast-fishing close to a major Humboldt rookery

The bodies of sea lions, cormorants and penguins were discovered on Sunday littering a seven mile stretch of beach in Punta de Choros, northern Chile, is the proximity of the Humboldt Penguin Nature Reserve. Fisheries officials and police are investigating since there are serious suspicions that the deaths were caused by local fishermen using explosives to increase catches.
Friday, May 17th 2013 - 23:02 UTC
Chile anticipates mild slowdown after years of strong growth

Chile's economy is entering a mild slowdown phase after years of strong growth said Finance Minister Felipe Larrain on Friday. Chile has been expanding at about 5.8% on average for the past three years despite global economic woes while maintaining enviably low inflation and jobless rates.