Latin America

• Tuesday, November 6th 2012 - 06:59 UTC

  Mujica after in-depth discussion on ‘a real integration of Mercosur” with Chavez

  

  Uruguayan president Jose Mujica has plans to meet two, probably three times before the end of the year with his peer from Venezuela, Hugo Chavez to address “a real integration” of Mercosur, not limited to trade, but at the same time admitting that Venezuela is rapidly becoming one of the main markets for Uruguayan exports.

• Tuesday, November 6th 2012 - 06:56 UTC

  G20 adopts soft approach on deficits fearing risks of worsening the slowdown

  

  The world's leading economies gave themselves a bit more space on Monday to meet targets for cutting budget deficits rather than risk worsening a slowdown in many countries, chief among them the United States.

• 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.