Latin America

• Wednesday, August 7th 2013 - 03:04 UTC

  Chile investment in mining expected to reach 112 billion in eight years

  

  Chile expects mining investment to reach 112 billion US dollars by 2021, Mining Minister Hernan de Solminihac announced this week. This includes the 27bn planned by Chile’s National Copper Corporation, Codelco. Overall the sum is 8% higher than the November forecast.

• Wednesday, August 7th 2013 - 02:39 UTC

  Uruguay floats 2bn dollars in bonds to help spread debt payment

  

  Uruguay priced 2 billion dollars in 10-year benchmark sovereign bond on Tuesday at a spread of 187.5 basis points over US Treasuries as part of the government's bid to improve its debt profile, according to reports from Thomson Reuter’s unit IFR. The bond priced at 99.833 with a 4.5% coupon and 4.521% yield, according to IFR.

• Tuesday, August 6th 2013 - 22:03 UTC

  Falklands: “there are three parties to the debate” UK tells Cristina Fernandez

  

  The United Kingdom reiterated on Tuesday that there can be no Falkland Islands sovereignty discussions with Argentina unless and until the Islanders so wish, because there are three parties to the debate: UK, Argentina and the Falkland Islands people.

• Tuesday, August 6th 2013 - 03:24 UTC

  Tight race for President Cristina Fernandez candidate in Buenos Aires province

  

  Next Sunday the Argentine electorate will be participating in the different parties’ primaries ahead of the mid term October ballot, which could signal the beginning of the end of the Kirchner decade. The event is identified as PASO, open, simultaneous and mandatory primaries.

• Tuesday, August 6th 2013 - 03:19 UTC

  Iran’s activity in the Americas to be re-evaluated, pledges Kerry to Congress

  

  In a recent letter to Republican senator Mark Kirk, the US State Department said that in light of Argentine prosecutor Alberto Nisman's report on Iran, they were now re-evaluating the information in their highly criticized May report on Iranian activity in the Western Hemisphere.

• Tuesday, August 6th 2013 - 03:10 UTC

  Chilean judge closes case into the origin of Pinochet millions

  

  Chilean court decided on Monday not to charge any of late Dictator Augusto Pinochet's family members in a long-running investigation into the origin of the general's fortune and his suspected embezzlement of public funds.

• Tuesday, August 6th 2013 - 03:05 UTC

  Inflation in Uruguay remains ever so far from the Central bank annual target

  

  Consumer prices in Uruguay during July increased 0.77% while twelve-month inflation reached 8.75%, which is the highest since last February, and well ahead of the 8.21% to June, according to the latest release from the country’s National Stats Institute, INE.

• Monday, August 5th 2013 - 23:18 UTC

  Falklands, global espionage and multilateral organizations in CFK dialogue with Ban Ki-moon

  

  Argentine president Cristina Fernandez visited on Monday afternoon United Nations Secretary General Ban Ki-moon and called for a restructuring of multilateral organisations in order to improve performance, using as an example regional body Unasur (Union of South American Nations).

• Monday, August 5th 2013 - 19:51 UTC

  Brazilian farmers blast Mercosur for its ‘bad leadership and worse presidents’

  

  Mercosur has become characterized for “bad leadership and worse presidents” of the countries that make up the block, since there is no incentive for the regional organization and it has become “an ideological battle political field”, said Cesario Ramalho da Silva, president of the Brazilian Rural Society.

• Monday, August 5th 2013 - 18:14 UTC

  Mercosur complains to Ban Ki-moon on US global espionage and EU affront towards Bolivia’s Evo Morales

  

  Mercosur foreign ministers warned UN Secretary General Ban Ki-moon of the serious implications which the United States global espionage system represents for the international community, during a Monday midday meeting at the UN headquarters in New York.