Latin America

• Saturday, May 15th 2010 - 04:04 UTC

  Russia Ratifies Interest in Latam; Plans for Nuclear Power and Military Sales

  

  Russia is planning to strengthen its relations with 61 countries worldwide, including Chile. It is exploring options in Latin America for the development of nuclear power and military sales, a document from its ministry of foreign affairs stated this week.

• Saturday, May 15th 2010 - 03:09 UTC

  NZ oil company operating in Chilean Tierra del Fuego strikes gas

  

  An affiliate of New Zealand’s Greymouth oil company, PetroMagallaes announced this week the discovery of hydrocarbons in two prospects in Chilean Tierra del Fuego. The prospects are in Caupolican blocks, belonging to what are known as the Springhill formation.

• Saturday, May 15th 2010 - 03:03 UTC

  Brazilian tourists captivated by Chile’s ski slopes and vineyards

  

  A new tourism review shows that Brazilians love Chile’s ski slopes and vineyards, but say that national flights are expensive and inflexible.

• Saturday, May 15th 2010 - 02:57 UTC

  Bolivian parliament en route to approved cooperation treaty with Iran

  

  Bolivia’s Lower House approved a cooperation agreement with Iran in spite of strong protests from opposition congress-women claiming that the Teheran regime systematically violates the rights of women.

• Friday, May 14th 2010 - 02:43 UTC

  Chilean Household Debt Increases with a Larger Portion of Non-Bank Personal Loans

  

  A recent study from the Central Bank of Chile written by economists José Miguel Matus, Nancy Silva, Alejandra Marinovic y Karla Flores found that Chilean household debt increased from 23% of GDP in 2000 to 39.1% in 2009.

• Friday, May 14th 2010 - 01:51 UTC

  Violence and Lack of Guarantees for Latam Journalists Exposed at OAS

  

  The Inter American Special Rapporteur for Freedom of Expression said that increasing violence against journalists and the impunity associated with these crimes are one of the main challenges of the Latin America and Caribbean region.

• Friday, May 14th 2010 - 01:46 UTC

  Outbreak of Tropical Parasite Disease Threatens Metropolitan Caracas

  

  Venezuelan Health and Social Protection Minister Luis Reyes confirmed 15 cases of Chagas disease in the capital Caracas, following an outbreak in the popular quarters of the city. However Minister Reyes flatly discarded the word “epidemics”.

• Friday, May 14th 2010 - 01:22 UTC

  Indian Sub-Submersible Gas Rig Sinks off the Coast of Venezuela

  

  Aban Offshore (BOM:523204), India’s largest offshore drilling and oil field services provider, suffered a major setback on Thursday, when its gas platform Pearl sunk off the coast of Venezuela. This was one of Aban’s biggest money spinning rig earning 358,000 US dollars a day.

• Thursday, May 13th 2010 - 21:09 UTC

  Korean Jigger Operating in Falklands’ Waters to be Broken Up in Punta Arenas

  

  Chilean authorities in the extreme south of the country have decided to deny port access in Punta Arenas to a Korean flagged jigger which arrived from the Falkland Islands having suffered extensive damage following a fire in the engine room. Her fate seems to be breaking her up.

• Thursday, May 13th 2010 - 10:58 UTC

  Bolivian Presidency Buys Manchester United Dassault Falcon Craft

  

  The Bolivian government confirmed this week that it has bought a luxury airplane model Dassault Falcon 900Ex Easy that originally belonged to Manchester United. The admission came in the midst of growing social unrest to protest for a higher national minimum wage.