Latin America

Monday, December 20th 2010 - 06:19 UTC
Canada’s Nova Scotia bank takes over RBS in Chile

Chilean regulators approved last week the acquisition by Canada’s Bank of Nova Scotia (BNS) of the The Royal Bank of Scotland, and associate companies following on the agreement signed last September.
Monday, December 20th 2010 - 06:09 UTC
Which are the countries most effective in reducing poverty and inequality?

Argentina, Brazil, Bolivia and Venezuela are the countries which most reduced inequality and poverty during the last decade in Latinamerica, according to Alicia Bárcena, executive secretary from the United Nations Economic Commission for Latin America and the Caribbean, Cepal.
Monday, December 20th 2010 - 05:45 UTC
“Too much secrecy, too many lies” have taken the revolution to a critical situation

In a dramatic speech to the National Assembly Cuba’s Raul Castro said he wasn’t elected to restore capitalism nor to surrender Socialism but admitted that “too much secrecy and too many lies” had taken the revolution to a critical situation: “either we rectify or we will plunge from the cliff and the efforts of entire generations would be lost”.
Monday, December 20th 2010 - 05:39 UTC
Three more Latam countries ‘are ready to recognize’ a Palestine state

Ecuador, Paraguay and Peru are expected to recognize the state of Palestine with its borders prior to 1967, following the recent announcements from Brazil, Argentina, Uruguay and last week Bolivia, according to Palestine sources.
Monday, December 20th 2010 - 05:09 UTC
Uribe willing to accept US military forces fearing an attack from Venezuela

Former Colombian President Alvaro Uribe considered allowing the U.S. military access to Colombian bases as a way to deter possible Venezuelan attacks, a leaked cable from then-Ambassador to Bogotá William Brownfield says.
Saturday, December 18th 2010 - 21:08 UTC
Chilean wine industry booming: sales up 10% and exports 11.7%

Between Jan and Oct 2010, 83 of the top 100 Chilean wineries increased their sales of bottled wine. According to figures from Wines of Chile, 68 of these wineries increased sales by more than 10%. Exports have increased by 11.7% compared to figures during the same period in 2009.
Saturday, December 18th 2010 - 13:24 UTC
Mapuche friendly cardinal named Archbishop of Santiago de Chile

The former archbishop of Concepción, Cardinal Ricardo Ezzati Andrello, has been named as the new archbishop of Chile’s capital Santiago. He will replace cardinal Francisco Javier Errázuriz Ossa.
Saturday, December 18th 2010 - 03:05 UTC
Bolivia recognizes Palestine as an independent state with pre-1967 borders

President Evo Morales announced on Friday that Bolivia would recognize Palestine as an independent sovereign state. The Bolivian leader made the statement during the Mercosur summit in Brazil.
Saturday, December 18th 2010 - 00:22 UTC
Chilean Senators warn about ‘social impact’ of cheap US dollar for farm areas

Senators representing agricultural parts of Chile strongly criticized the Central Bank and President Sebastian Piñera this week for turning a deaf ear to the “social, cultural and economic problems” created by the falling value of the US dollar, now hovering at 470 pesos to the dollar.
Friday, December 17th 2010 - 22:28 UTC
Uruguay, only “full democracy”• in South America; ranks 21 world-wide

Uruguay is South America’s leading democracy and ranks 21 internationally according to The Economist Intelligence Unit, which makes an annual evaluation of democratic conditions.