Latin America

Tuesday, November 6th 2012 - 06:43 UTC
Chilean presidential campaign virtually takes off with reshuffle of cabinet

Chilean President Sebastian Piñera shuffled his cabinet to allow ministers with presidential aspirations to leave, as his embattled conservative coalition seeks support before presidential elections in November 2013.
Tuesday, November 6th 2012 - 06:28 UTC
Latam labour market ‘fairly resilient’ to the slowdown of the regional economy in 2012

According to the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO), labour markets in Latin America and the Caribbean were fairly resilient to the slowdown in the regional economy in the first half of 2012, which bodes well for a positive outcome in this year's employment and unemployment indicators.
Tuesday, November 6th 2012 - 06:20 UTC
US group prepares to take over debt-laden Spanish chain NH Hotels

Spain's NH Hoteles has received a preliminary offer from US private equity firm KKR to buy bonds that can be converted into shares of the debt-laden hotel chain. NH Hoteles, Europe's third largest business hotel operator based on rooms, has long been tipped as a private equity target given its large debt and that of its savings bank shareholders, which together own nearly a third of the firm.
Monday, November 5th 2012 - 15:43 UTC
Hispanics growing influence in US elections could be decisive for Obama

US Hispanics are over 50 million according to the 2010 census and as the most important minority their influence could be decisive on Tuesday 6 November when the presidential and legislative election. Between the two censuses (2000/2010) Hispanics’ growth rate was four times the overall population rate.
Monday, November 5th 2012 - 12:53 UTC
Peruvian ambassador in Argentina resigns after meeting with ‘terrorist group’

Peruvian Ambassador to Buenos Aires, Nicolás Lynch, resigned to his post after he met with members of an organization suspected to be linked with guerrilla group Shining Path, the Peruvian Foreign Ministry informed.
Sunday, November 4th 2012 - 06:31 UTC
Peru slashes anchovy quota by 68%; fish meal prices forecasted to soar

Peru slashed its commercial fishing quota as warmer water temperatures and controversial practices deplete stocks of anchovy in one of the world’s richest fisheries. The government cut its quota for this summer’s anchovy season by 68% to 810.000 tons, the smallest allowance in 25 years.
Saturday, November 3rd 2012 - 03:49 UTC
Peru reminds Argentina Shinning Path terrorists are an illegal group

Peru slammed reports that Movadef, the nascent political wing of the Shining Path armed group, had met with representatives of human rights groups in Argentina, including the Mothers of Plaza de Mayo Association, with the aim of gaining political credibility.
Saturday, November 3rd 2012 - 03:44 UTC
Peru considers rescuing debt to cool inflow of capital and currency appreciation

Peru is considering the anticipated cancelling of public debt to drain ‘dollars’ from the market and impede the sustained appreciation of the local currency, Sol, said Economy minister Luis Castilla. This would be the first step for a new liabilities management approach to extend in time the maturing of Peruvian bonds and other debt papers.
Thursday, November 1st 2012 - 07:00 UTC
Mexican president-elect pledges a tax reform bill in his first year in office

Mexico's president-elect, Enrique Peña Nieto, will present a tax reform bill during his first year in office, his top aide said on Tuesday, without providing any details on the plan.
Wednesday, October 31st 2012 - 20:12 UTC
Mercosur members, except Paraguay, de-listed from EU import preference scheme

The European Union issued on Wednesday its revised import preference scheme - known as the Generalised Scheme of Preferences (GSP) - for developing countries most in need which will take effect from 1 January 2014, revealing that all Mercosur full members, except for Paraguay, will no longer benefit.