Brazil’s current account deficit surged to a record high in January, outpacing foreign direct investment for the third straight month because of the widening trade gap according to central bank data.
President Rafael Correa said he expects the regional groupings Alba and Unasur to meet urgently and address the “legal aberration” committed by a UN trade law arbitrage tribunal against Ecuador in a case involving US multinational Chevron and decades of environmental damages.
Where disregarding the law is normal rather than an aberration, citizens are more likely to see paying a bribe as in their best interest and where obeying the law is the norm and disobeying it constitutes deviant behaviour, citizens are more likely to reject bribery, is one of the foundations for understanding the phenomenon, according to the Americas Barometer Insights in one of its latest papers titled, “tolerance of bribery and violation of the law”.
Argentina accused the UK of displacement of submarines with nuclear weapons capacity in the Falkland Islands, violating international treaties that established the South Atlantic zone as free of nuclear arms. The claim was made on Monday at the United Nations Disarmament Conference in Geneva.
At least twenty pilot whales stranded in the south of Chile died while another twenty six from the pod were rescued by local fishermen, Coast Guard personnel and the high tide, reports La Prensa Austral from Punta Arenas.
GeoPark Holdings has revealed the discovery of the new Palos Quemados gas field on the Tranquilo block in Chile in the southern region of Magallanes. The Palos Quemados field is the first gas discovery in the Tranquilo Block by GeoPark and the first hydrocarbon discovery in the Magallanes Fold and Thrust Belt in more than 40 years.
Brazil's 2014 election season got off last week with the unofficial launch of President Dilma Rousseff's re-election campaign by her mentor and predecessor Lula da Silva during the celebration of the ruling Workers Party tenth year in power.
India's trade with Latin America has gone down in 2012 in comparison to 2011. This is the second time the trade went down in the last decade when it was steadily growing. The earlier decline was in 2009 at the height of global crisis. Trade with the top seven countries of the region declined 15% from 25.274bn dollars in 2011 to 21.302bn in 2012.
Africa’s fifty four countries joined South America “in recognizing the legitimate sovereignty rights of Argentina over the Malvinas, South Georgia and South Sandwich Islands and the adjoining maritime spaces”, announced the Argentine Ministry of Foreign Affairs in a communiqué in reference to the so called Declaration of Malabo, capital of Equatorial Guinea.
Colombia's government will not hold back militarily or politically in its offensive against Marxist-oriented drugs-funded rebels, President Juan Manuel Santos said on Sunday, after FARC guerrillas said his hostile attitude was threatening peace negotiations.