Latin America

• Monday, August 5th 2013 - 02:11 UTC

  Argentine economy conditioned by energy imports and subsidized fuels and power

  

  If the Argentine government does not manage to stabilize its energy balance, which is one of the main drains of US dollars, the ban on hard currency purchases, the barriers to imports and the growing obstacles to spend money overseas for Argentine travellers will continue and could worsen, according to Buenos Aires analysts.

• Monday, August 5th 2013 - 01:51 UTC

  Iran after closer relations with Latinamerica, says new president Rouhani

  

  New Iranian President Hassan Rouhani met in Tehran on Sunday with Cuban Vice President Ricardo Cabrisas and said his country wanted to expand its relations with Latin America, “especially with Cuba,” Iran's Isna news agency reported.<br />
  Cabrisas traveled to Iran for Rouhani's inauguration on Sunday.

• Monday, August 5th 2013 - 01:38 UTC

  Yerba mate price soars but consumers remain faithful to the traditional infusion

  

  Yerba mate, the classical infusion drink in much of southern South America and particularly in Uruguay is making headlines because of a 34% price increase in the last six months and with prospects of further hikes, according to local providers.

• Sunday, August 4th 2013 - 19:58 UTC

  Venezuela not invited to Paraguay-president inauguration; Rousseff confirms attendance

  

  Brazilian president Dilma Rousseff officially confirmed her attendance to the inauguration ceremony of Paraguayan president-elect Horacio Cartes next 15 August, according to the Transmission Committee that is coordinating the event

• Saturday, August 3rd 2013 - 02:49 UTC

  Cristina Fernandez will chair Security Council debate on UN relations with regional organizations

  

  Argentine president Cristina Fernandez will be chairing next Tuesday a meeting of the United Nations Security Council that will be addressing the relations of Latam and Caribbean regional and subregional organizations with UN in helping prevent conflicts and restore peace, was announced by the Argentine ambassador Maria Cristina Perceval.

• Saturday, August 3rd 2013 - 02:25 UTC

  Brazil’s oil and gas output up in June to 2.6 million boepd

  

  Brazil's total output oil and natural gas output rose in June, the first year-on-year increase in 15 months, as fields idled for repairs came back on line and new areas boosted production, Brazil's petroleum agency, the ANP, said on Friday.

• Saturday, August 3rd 2013 - 02:17 UTC

  Mexican government prepares sweeping reform for the energy sector

  

  Mexican President Enrique Peña Nieto has announced a sweeping energy reform, which is expected to include constitutional changes to lure private investment and boost output, will be presented to Congress next week

• Saturday, August 3rd 2013 - 01:53 UTC

  Brazil investment in science, via the ministerial budget reaches ‘an all time high’

  

  Brazil's investment in science has reached an all-time high, with the science ministry's budget increasing from 8.6 billion Real (about 3.8 billion dollars) in 2012 to 12.7 billion Real (around 5.6bn) this year, according to science minister Marco Antonio Raupp.

• Saturday, August 3rd 2013 - 01:41 UTC

  EU FTA agreements with Colombia and Central America became effective August first

  

  Free trade agreements, FTA, signed by the European Union with Colombia, and with Central American countries Honduras, Nicaragua and Panama became effective August first as part of the EU strategy to eliminate tariffs on trade with Central American and the Andean region.

• Saturday, August 3rd 2013 - 01:38 UTC

  Santos describes Colombian economy as the ‘third fastest growing’ in Latam

  

  The Colombian economy is the third fastest growing in Latinamerica with a stable performance in 2012 of 4%; an estimated 4.5% this year and 4.7% in 2014, said President Juan Manuel Santos on making a balance of his three years in office.