Latin America

Thursday, January 3rd 2013 - 20:18 UTC
Unprecedented: Ecuador’s Correa on a month’s leave to campaign for re-election

Ecuador's Congress voted overwhelmingly Wednesday to grant President Rafael Correa a month-long leave of absence while he campaigns to be the first Ecuadorean leader in more than a century to hold the presidency for more than a single term.
Thursday, January 3rd 2013 - 17:57 UTC
Argentina “again ignores the rights and wishes of the Falkland Islands people”

The Falkland Islands are an British Overseas Territory by choice, entirely self-governing except for defence and foreign affairs and have been settled for at least nine generations, well before Argentina even claimed what is today Tierra del Fuego, points out the Falklands’ elected government in a release-reply to the open letter from Argentine President Cristina Fernandez published on Thursday in the British press.
Thursday, January 3rd 2013 - 06:16 UTC
Chile becomes the sixth country to ban Brazilian beef because of atypical BSE

Chile joined five other countries that have banned imports of Brazilian beef, since a case of atypical mad cow disease was confirmed last month, Brazil's foreign trade secretary Tatiana Prazeres said on Wednesday.
Thursday, January 3rd 2013 - 00:40 UTC
Uruguayan president believes Argentine economy “can’t remain closed much longer”

President Jose Mujica anticipated that the Argentine economy can’t remain ‘closed for much more time’ (protectionist) and forecasted that 2013 will be a ‘clear year’ for Uruguay regarding economic issues.
Thursday, January 3rd 2013 - 00:03 UTC
Inter-American convention against corruption analyzes six countries

The Organization of American States (OAS) has begun the process of analyzing a new group of countries - Chile, Colombia, Guatemala, Panama, Uruguay, and Venezuela - as part of the Fourth Round of the Mechanism for Follow-Up on the Implementation of the Inter-American Convention against Corruption (MESICIC) of the OAS.
Friday, December 28th 2012 - 08:08 UTC
Defaulted bonds: Argentina makes its case before the New York Appeals court

Argentina will be making a presentation before the US Court of Appeals for the second circuit, in Manhattan on Friday regarding Federal Judge Thomas Griesa recent ruling that Argentine defaulted bondholders must be paid simultaneously with those who accepted the restructured bonds.
Thursday, December 27th 2012 - 19:49 UTC
Maduro with more power on economic affairs; devaluation of the Bolivar in the agenda

Venezuelan president Hugo Chavez delegated certain responsibilities in economic affairs to Vice-President Nicolas Maduro including the right to authorize debt sales and seize assets. The announcement comes at a moment when significant economic decisions must be taken following the profligate spending leading to last October’s election.
Thursday, December 27th 2012 - 05:45 UTC
Venezuela opposition leader says Chavez not obliged to take the oath 10 January

The Venezuelan government and opposition coincide that it is possible to postpone the oath taking ceremony of President Hugo Chavez, which according to the constitution should take place on 10 January, if the re-elected leader is still in Cuba recovering from his fourth cancer operation.
Thursday, December 27th 2012 - 05:31 UTC
Unasur observers will attend Paraguay election scheduled for next April

Representatives from Unasur confirmed that they will be present to follow the April 2013 general elections in Paraguay, reported the spokesperson for the country’s Superior Electoral Justice Tribunal, TSJE.
Wednesday, December 26th 2012 - 07:30 UTC
Good year ahead for Mexico while investors feel frustrated with ‘Brazil cost’

Brazil and Mexico, Latin America’s two largest economies could be facing a 2013 of contrasting performance and prospects. Brazil has been hit by weakening Chinese demand for commodities, while rival Mexico, the new darling of foreign investors, is posting increasingly strong growth. The figures speak for themselves.