Jindal’s integrated mining and steel project in Bolivia was the largest contract secured by an Indian company in Latin America. The project, which ultimately became a victim of the country's domestic politics, has lessons for Indian companies venturing into Latin America.
The latest round of public opinion polls for the coming mid term elections next October in Argentina don’t fare well for President Cristina Fernandez particularly in the country’s four main electoral circumscriptions, Buenos Aires province, Buenos Aires City, Santa Fe and Cordoba.
Pope Francis will not use bullet-proof ‘Pope-mobiles’ on his visit to Brazil next week to allow him more direct contact with crowds despite the security risks, according to a Vatican release.
Chilean president Sebastián Piñera defended the need for an only candidate in the ruling coalition for the coming presidential election of November and considered it should be a woman, suggesting the name of Labour minister Evelyn Matthei.
Fiona Clouder has been appointed Her Majesty's Ambassador to Chile, announced the Foreign Office. Ms Clouder will succeed Mr Jon Benjamin, who will be transferring to another Diplomatic Service appointment. Ms Clouder will take up her appointment during February 2014.
Paraguayan president elect Horacio Cartes confirmed that his government will insist in its position regarding Mercosur, which expects Paraguay to return as full active member following the inauguration ceremony 15 August.
Chilean conservative presidential candidate Pablo Longueira unexpectedly quit his campaign due to depression, his son said, dealing another blow to an already weakened right-wing bloc four months from the general election.
The Venezuelan parliament approved Bolivia’s protocol of adherence to Mercosur as full member thus clearing the way for the landlocked mostly indigenous populated country to become the sixth member of the South American trade block next to Argentina, Brazil, Paraguay, Uruguay and Venezuela.
The high cost of healthcare has created the lucrative phenomenon of medical tourism. An IPK International survey revealed roughly 3% of the world’s population travels to foreign countries for medical treatment, while Patients Beyond Borders, which publishes international medical travel guidebooks, reported the medical tourism industry is a 40 billion dollars a year business.
Chile’s government oil and gas company, ENAP, confirmed a successful experiment with hydraulic fracturing to extract non conventional tight gas at the Arenal Block in Tierra del Fuego, where the company operates with no partners.