Latin America

Wednesday, October 30th 2013 - 07:22 UTC
In a further step to normalize relations Paraguay names new ambassador to Venezuela

Paraguay has named veteran diplomat Enrique Jara as new ambassador in Venezuela, giving a further step towards the full normalization of relations that had been interrupted since July 2012 when the two countries expelled their respective accredited staff.
Wednesday, October 30th 2013 - 07:05 UTC
Peru's Humala reshuffles cabinet and names fourth prime minister

Peru's Prime Minister Juan Jimenez said on Tuesday he is leaving President Ollanta Humala's government and that other cabinet changes will soon be announced by his successor - a local governor and former business manager.
Wednesday, October 30th 2013 - 06:57 UTC
Petrobras negotiating sale of assets in Peru to Chinese company for 2bn dollars

China National Petroleum Corp., the country’s largest oil producer, is nearing an agreement to buy Petrobras assets in Peru for more than 2 billion dollars. The proposed deal may be announced as soon as next month, according to sources quoted by Bloomberg.
Tuesday, October 29th 2013 - 16:37 UTC
Spying on your neighbor: Rousseff demands from congress urgent legislation

The US National Security Agency’s cyber spying on foreign heads of state from Angela Merkel to Dilma Rousseff is poised to produce its first high-profile corporate casualty: Google Inc.’s operations in Brazil.
Monday, October 28th 2013 - 20:30 UTC
Cartes and Rousseff to open vital supply power line for Paraguay's capital built with Mercosur funds

Brazilian president Dilma Rousseff will inaugurate on Tuesday in Paraguay next to his peer Horacio Cartes a high voltage transmission line from the world's largest operational hydroelectric dam Itaipú to metropolitan Asuncion, capital of the landlocked country and which was financed with Mercosur funds.
Monday, October 28th 2013 - 06:41 UTC
Lack of refining capacity and capped fuel prices hit Petrobras profits

Brazil’s state-controlled oil producer Petrobras said third-quarter profit slid 40%, missing analysts’ estimates, on higher fuel imports and refining losses. Net income dropped to 3.39 billion Reais (1.55bn dollars) from 5.66 billion Reais a year earlier, the company said on Friday in a regulatory statement.
Monday, October 28th 2013 - 06:01 UTC
Former Colombian president Uribe challenges Santos peace talks with FARC

Former Colombian President Alvaro Uribe's political movement chose economist Oscar Ivan Zuluaga on Saturday as its candidate for presidential elections in May, a vote which represents Uribe's tough stance against leftist guerrillas.
Monday, October 28th 2013 - 05:37 UTC
Argentine government retains congress; Massa and Macri confirm 2015 presidential ambition

Argentine President Cristina Fernandez's governing bloc held onto control of Congress in Sunday's mid-term elections, but the results also confirmed the emergence of a new group of powerful leaders who with different messages (and non-messages) anticipated on that same night that their target it the presidential chair in 2015.
Monday, October 28th 2013 - 05:33 UTC
Rousseff and Mantega dispute IMF report on Brazil as 'incoherent'

Brazilian President Dilma Rousseff responded to the International Monetary Fund concern over the country's fiscal situation, saying Brazil was fulfilling its responsibilities. IMF claimed that Brazil's competitiveness had eroded in recent months and downgraded the country's growth forecast from 4.25% to 3.5%.
Monday, October 28th 2013 - 05:23 UTC
Candidate Bachelet announces constitutional reform, tax on the rich and more power to unions

Chilean former president and opposition coalition New Majority candidate Michelle Bachelet presented her government's program which is based on a review of the constitution, education and tax reforms, legalizing same sex marriage, government managed pension funds and strengthening unions' bargaining power, among other issues.