Latin America

Saturday, May 5th 2012 - 06:41 UTC
Cristina Fernandez enacts YPF nationalization and oil and gas self-sufficiency law

Argentine President Cristina Fernández enacted the YPF nationalization law, which was approved by the Lower House on Thursday. During a nation-wide televised speech from Government House, the Head of State also introduced the company’s new CEO, oil engineer Miguel Galuccio.
Saturday, May 5th 2012 - 06:35 UTC
Spain says Argentina should follow Bolivia example and pay a ‘fair price’ for YPF

Toning down its initial strong reactions to the nationalization of Spanish controlled YPF Spain’s Foreign minister Jose Manuel Garcia Margallo said that Argentina should pay a “fair price” for the oil company citing a similar case in Bolivia this week.
Saturday, May 5th 2012 - 06:01 UTC
Brazil received 5.4 million tourists in 2011 with Argentina providing 1.6 million

Brazil received more than 5.4 million international visitors in 2011, up 5.35 from 2010, the Tourism Ministry announced Friday. The number of visitors from other South American nations rose from 2.384 million in 2010 to 2.628 million in 2011.
Saturday, May 5th 2012 - 01:38 UTC
IOC criticizes Argentina for involving the Games with politics and Falklands’ dispute

The International Olympic Committee, IOC, criticized on Friday an Argentine television spot that links the London Games to Argentina's sovereignty dispute with Britain over the Falkland Islands, calling it a blatant attempt to use the games for political purposes.
Friday, May 4th 2012 - 07:06 UTC
Chavez under treatment in Cuba names a potential “transition council”

President Hugo Chavez, in Cuba for cancer treatment, named key members of a Council of State Wednesday led by his Vice president, which some analysts see as a potential transitional body.
Thursday, May 3rd 2012 - 23:35 UTC
IMF does not see a ‘nationalization trend’ in South America; Bolivia in compensation talks

The International Monetary Fund (IMF) said it does not see a trend in South America toward state nationalization of private companies despite moves made by Bolivia and Argentina in recent weeks, a spokesman said on Thursday.
Thursday, May 3rd 2012 - 23:23 UTC
FDI in several Latam countries during 2011 marked a historic record

Foreign Direct Investment, FDI, in Latin America and the Caribbean during 2011 reached 153.448 billion dollars, which represents 10% of the global total flows according to a report presented on Thursday by the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile.
Thursday, May 3rd 2012 - 22:01 UTC
UN highlights role of press freedom as catalyst for social and political change

United Nations top officials today May 3 highlighted the power of press freedom to spark social and political change and to hold governments accountable, stressing that this vital right must be ensured across the world by creating the conditions that allow journalists to perform their work safely.
Thursday, May 3rd 2012 - 21:56 UTC
IAPA pays homage to the 24 journalists from Latam killed over the last 12 months

As we near the 70th anniversary of the founding of the Inter American Press Association this month, I’d also like to take this especial date, May 3, World Press Freedom Day, as an opportunity to pay homage to the 24 journalists from Brazil, Colombia, Dominican Republic, Guatemala, Haiti, Honduras, Mexico and Peru that were killed over the last 12 months. Our thoughts are with their families and colleagues, especially because in the majority of these cases, justice has not yet been done.
Thursday, May 3rd 2012 - 07:39 UTC
US and EU concerned with “investment climate” following Bolivia’s seizure of Spanish power company

Bolivian President Evo Morales Government’s decision to nationalize the main power transport company that was in hands of Red Eléctrica Española (REE) generated claims from Spain, while United States and the European Union showed their “concern.”