Latin America

• Thursday, June 23rd 2011 - 13:23 UTC

  Chile’s fourth retail chain collapses under 1bn USD debt; super manager contracted

  

  La Polar, Chile’s fourth largest retail chain is in deep water. Company stock has fallen 80% in the last two weeks and the entire board of directors has offered to resign.

• Thursday, June 23rd 2011 - 09:10 UTC

  “Cork” of lava threatens new explosion at Puyehue volcano warns Chile

  

  Chilean experts warned Wednesday that a “cork” of lava could lead to another explosion at the Puyehue volcano, which has caused major flight disruptions from Argentina to Australia.

• Thursday, June 23rd 2011 - 08:52 UTC

  “Problematic” accounting practices in 37% of Cuban state companies audited

  

  “Deficient” or “problematic” accounting practices have been exposed in 37% of Cuban government companies according to the latest report from the Comptroller General, Gladys Bejerano.

• Thursday, June 23rd 2011 - 08:48 UTC

  LAN becomes best Airbus client in Latam: it ordered 20 Airbus A320neos

  

  Chile’s LAN Airlines has placed a firm order at the 49th Le Bourget Airshow for 20 eco-efficient Airbus A320neos as part of its expansion strategy and fleet-renewal program. The aircraft are expected for delivery 2017/2018.

• Wednesday, June 22nd 2011 - 23:54 UTC

  Solar energy conference in Chile brings together world experts

  

  Chile, a country where the demand for energy has skyrocketed over the past decade, experts are gathering to discuss another answer to Latin America’s increasing energy needs: solar power.

• Wednesday, June 22nd 2011 - 23:47 UTC

  Humala invites Morales to consider the re-unification of Peru and Bolivia

  

  Peruvian president elect Ollanta Humala invited his Bolivian peer Evo Morales to consider bilateral integration, in which both countries would unite into a confederation as happened between 1836 and 1839.

• Wednesday, June 22nd 2011 - 23:08 UTC

  Latam millionaires ‘smarter’ than Asia-Pacific peers during 2007/10 recession

  

  Millionaires in Latin America fared better than their compatriots in other regions during the global recession. A combination of a conservative investing streak and Latin America's brisk recovery helped millionaires in the region minimize losses in the last four years, according to the latest annual Merrill Lynch-Capgemini World Wealth Report.

• Tuesday, June 21st 2011 - 16:49 UTC

  Bolivia legalizes 76.000 cars smuggled or stolen from neighbouring countries

  

  Owners of 70.000 cars that were smuggled into Bolivia, most of them stolen in neighbouring countries have presented their cases in the Customs office taking advantage of an amnesty to legalize their situation decreed by the administration of President Evo Morales.

• Tuesday, June 21st 2011 - 16:04 UTC

  Chile’s volcanic ash cloud again visits Australasia forcing grounding of air traffic

  

  A volcanic ash cloud, which originated in Chile on 4 June and has caused significant disruption to air travel around Australia and New Zealand since 12 June returned on Tuesday to Australasia forcing further cancellations for at the least the next 48 hours.

• Tuesday, June 21st 2011 - 07:52 UTC

  Andean Aymará people celebrate the coming of New Year 5519

  

  Accompanied by Andean highlands rituals in the citadel of Tiwanacu, to the north of Bolivia’s capital La Paz the indigenous Aymará will celebrate on Tuesday the coming of the Aymará New Year, 5519.