Latin America

• Saturday, June 26th 2010 - 05:01 UTC

  BP considering sales of assets in Argentina

  

  British Petroleum, BP, is actively considering the sale of its stake in Pan American Energy LLC, Argentina's fastest growing oil and gas company, according to oil industry sources quoted in the Buenos Aires press.

• Friday, June 25th 2010 - 21:59 UTC

  In seven years Asia became Chile’s main trade partner: absorbs 48% of exports

  

  Between January and May of 2010, Chile shipped approximately 12.7 billion US dollars in commodities to Asia; in this five-month span, 83% of Asia-bound exports were sent to China, Japan, and South Korea.

• Friday, June 25th 2010 - 05:38 UTC

  Venezuela plans to nationalize a fleet of oil rigs from US corporation

  

  Venezuela will nationalize a fleet of oil rigs belonging to US Company Helmerich and Payne, the latest takeover in a push to XXI century Socialism announced President Hugo Chávez as he struggles with lower oil output and a recession.

• Friday, June 25th 2010 - 05:33 UTC

  First shipment of Peruvian liquefied natural gas heads for Mexico

  

  Peruvian natural gas was exported for the first time this week from the recently inaugurated Pampa Melchorita plant, to the south of Lima. The LNG was delivered by Spain’s Repsol onto the Barcelona Knutsen Tanker and dispatched to Mexico.

• Friday, June 25th 2010 - 00:29 UTC

  Chile ranks fifth globally in wine exports and eighth in production

  

  Chile has moved up two spots from its 2008 ranking, accounting for 3.7% of wine world production in 2009, according to a report released by the International Organization of Vin and Wine (OIV).

• Thursday, June 24th 2010 - 04:32 UTC

  A majority of Latinamerican children (63%) live in poverty conditions, claims UN

  

  Almost 63% of Latinamerican and Caribbean children and adolescents suffer some kind of poverty determined by the impairments which affect the full exercise of their rights and the income level of their families, according to a joint report from the United Nations Economic Commission for Latinamerica and Caribbean and the UN Children’s Fund, Cepal and Unicef.

• Thursday, June 24th 2010 - 04:02 UTC

  Venezuela’s top ministers step down to run in September congressional election

  

  President Hugo Chavez overhauled his cabinet replacing seven ministers so they can seek legislative seats in Venezuela’s September congressional elections, the government announced Wednesday.

• Wednesday, June 23rd 2010 - 03:32 UTC

  Ex Chilean president says relations with Ecuador and Argentina deteriorating

  

  The foreign policy of Chilean President Sebastian Piñera was criticized last weekend by one of his predecessors.

• Wednesday, June 23rd 2010 - 03:17 UTC

  Chile’s Mapuche community celebrates the winter solstice New Year

  

  The Mapuche community, Chile’s largest indigenous group, officially celebrated its new year on Monday June 21.

• Wednesday, June 23rd 2010 - 03:13 UTC

  General Motors South America is born to cater rising demand in the region

  

  General Motors is setting up a new regional organization in response to rising demand in South America. The new unit, GM South America, will be headquartered in Sao Paulo, Brazil.