Latin America

Saturday, July 21st 2012 - 07:38 UTC
Brazilian government cuts 2012 growth forecast from 4.5% to 3%

The Brazilian government said Friday it was cutting its economic growth forecast for this year from 4.5% to 3% due to the impact of the global slowdown. However the figure is still higher than the 2.5% predicted by the Central Bank.
Saturday, July 21st 2012 - 07:28 UTC
EU considering a new round of discussions with Mercosur before end of 2012

The European Union - Mercosur trade negotiations calendar has been delayed and its full resumption is expected to take place in September or soon after, reports the EU press office in Montevideo.
Saturday, July 21st 2012 - 06:59 UTC
Bolivia raids the offices of India’s Jindal alleging “breach of contract”

Bolivian prosecutors with the support from police and military forces on Friday raided the offices of India’s Jindal in La Paz as part of an investigation for an alleged “breach of contract” following the company’s confirmation it was abandoning the huge iron-ore mining project of El Mutún.
Saturday, July 21st 2012 - 06:28 UTC
US members of Congress blame the UN for introducing cholera to Haiti

More than 100 Democrats from the US House of Representatives have called on the UN to take responsibility for introducing cholera to Haiti. It is the latest twist in the allegation that UN peacekeepers unwittingly introduced the disease.
Friday, July 20th 2012 - 07:53 UTC
Repsol sells 540 million dollars in assets in Chile as part of divestment program

Spain’s Repsol said on Thursday it has reached an agreement with a consortium of Chilean investors, led by LarrainVial, for the sale of 100% of its subsidiary Repsol Butano Chile for approximately 540 million dollars.
Friday, July 20th 2012 - 07:37 UTC
Mexican president-elect accused of laundering money in his campaign

Mexico's ruling conservatives lent their support to accusations that President-elect Enrique Peña Nieto benefited from laundered money in his campaign, piling more pressure on the country's next leader.
Thursday, July 19th 2012 - 08:23 UTC
Bolivia agrees to sell more gas to Argentina under an ‘interruptible’ contract

Argentina and Bolivia signed on Wednesday new agreements to increase the sale of Bolivian natural gas to its southern neighbour but the controversial issue of a price review went unnoticed.
Thursday, July 19th 2012 - 08:09 UTC
Cuba suspends carnival festivities to prevent spread of cholera outbreak

Traditional summer carnivals in the eastern Cuban cities of Bayamo and Manzanillo have been suspended due to an outbreak of cholera in the region, authorities said on Wednesday.
Thursday, July 19th 2012 - 07:52 UTC
Mercosur ratifies before review tribunal decision to suspend Paraguay

Mercosur full members Argentina, Brazil and Uruguay are insisting with their decision to sanction the Paraguayan government following the impeachment and removal of former president Fernando Lugo
Thursday, July 19th 2012 - 07:41 UTC
Paraguay claims a Venezuela funded “cruel lobby” is discrediting the country in OAS

The Caribbean countries that depend economically from Venezuela have become a “cruel lobby”, strongly pressing to have Paraguay sanctioned by the Organization of American States claims that country’s representative.