Latin America

• Tuesday, July 31st 2012 - 01:58 UTC

  Increase of non resident deposits in Uruguayan banks

  

  The number of bank accounts of non residents in Uruguay climbed 14% in June compared to a year ago, --6.769 new clients--, which is higher than the increase verified for the whole number of residents and non residents, up 2%, according to Uruguay’s central bank data.

• Tuesday, July 31st 2012 - 01:25 UTC

  Brazil: Violent land disputes between tribes and ranchers on the rise

  

  Violent disputes over indigenous land are on the rise in Brazil, sparking heightened militancy by natives angered by broken promises of compensation and slower government registrations.

• Tuesday, July 31st 2012 - 01:19 UTC

  Chavez after an energy alliance with Argentina and Brazil in the framework of Mercosur

  

  Venezuelan president Hugo Chavez announced he expected to sign an oil/gas alliance between Argentina’s YPF and PDVSA (Venezuelan Petroleum) when he meets with his peer Cristina Fernandez in Brasilia in the framework of the Mercosur extraordinary summit to officially incorporate the country as full member of the trade group.

• Monday, July 30th 2012 - 07:08 UTC

  Punta Arenas largest single industry leaves for Louisiana: insufficient gas supply

  

  The world’s largest supplier of methanol, Canadian-based Methanex, will invest 550 million dollars to relocate a methanol production plant from the extreme south of Chile to a 225-acre site in Geismar, Louisiana.

• Monday, July 30th 2012 - 07:04 UTC

  Soaring costs delay Barrick-Gold Andes mining project delayed a full year

  

  Barrick Gold, the world’s biggest gold miner, says its capital costs to develop a giant mine high in the Andes could reach 8 billion dollars and has delayed production until 2014.

• Monday, July 30th 2012 - 04:52 UTC

  Israel says Mercosur should be “much concerned” with the inclusion of Venezuela

  

  Israeli ambassador in Uruguay Dori Goren said that the incorporation of Venezuela of Mercosur should “concern” the countries of the regional block given what he described as “Venezuelan support to Iranian agents that establish terror webs in the region”.

• Monday, July 30th 2012 - 04:31 UTC

  Mercosur experts discuss technical aspects of Venezuela’ incorporation

  

  Experts from Argentina, Brazil, Uruguay and Venezuela will begin to define on Monday in Brasilia the technical procedures and timetable for the incorporation of Venezuela to Mercosur which will become official on Tuesday at an extraordinary summit of the block.

• Saturday, July 28th 2012 - 03:35 UTC

  Cuba says dead dissident’s car ignored signals and was speeding when it crashed

  

  A Spanish politician was to blame for a car crash that killed two Cuban dissidents, including Oswaldo Paya, Cuba said on Friday in a report on an accident that has raised suspicions among opposition activists and some foreign governments.

• Saturday, July 28th 2012 - 03:03 UTC

  Mexican regulators impose highest fine ever on HSBC for money-laundering

  

  Mexican regulators have imposed a fine of 27.5 million dollars on banking giant HSBC for its failure to comply with money-laundering regulations.

• Saturday, July 28th 2012 - 02:35 UTC

  Despite profits in Brazil, Santander bank profits halved following write-downs

  

  Profits at Spanish banking giant Santander have halved after it made more write-downs against unrecoverable loans secured against property. The bank, which is the Euro zone biggest, said first-half profits halved to 1.7bn Euros in the six months to the end of June.