Latin America

• Tuesday, April 7th 2009 - 11:34 UTC

  Argentina, Paraguay, Bolivia, Ecuador sign defence accord

  

  Argentina, Paraguay, Bolivia and Ecuador signed Monday in Asuncion an agreement for cooperation in security matters which not only involves “associating” for the procurement of equipment, but defence of sovereignty and territorial integrity and preannouncement of military exercises.

• Tuesday, April 7th 2009 - 09:28 UTC

  Insecurity helping to push farmland prices in Paraguay down

  

  The prize of farmland in Paraguay has fallen significantly because of insecurity and the slide in international prices for oil seeds, mainly soybeans, according to a report from the head of the Agronomy Department at the University of Asunción, Ricardo Garay.

• Monday, April 6th 2009 - 15:16 UTC

  LAN Airline Will Reduce Its CO2 Emissions

  

  Chilean-based LAN Airlines recently announced it will reduce the consumption of combustible fuel by 16.6 million gallons each year with the installation of “winglets” on all 37 of its Boeing 767-300 aircrafts as part of the airline’s endeavor to improve flight efficiency.

• Monday, April 6th 2009 - 10:38 UTC

  Latam positive about G20 results, but implementation is also vital

  

  The G-20 summit decision to inject 1.1 trillion US dollars to the global economy to prop trade and overcome the financial collapse can be beneficial for Latinamerica but measures have to be implemented and proven efficient, according to experts from the region.

• Monday, April 6th 2009 - 10:32 UTC

  Mexico sets up 150 billion US dollars barrier to end market volatility

  

  Mexico asked the International Monetary Fund for a 47 billion US dollars credit line which is to be added to the 30 billion swap line with the Federal Reserve to help shore up the economy and end market volatility.

• Monday, April 6th 2009 - 10:30 UTC

  Best March performance in 15 years for Latam financial markets

  

  Latin American financial markets recorded their best monthly performance during March in more than 15 years, as signs of stabilization in the global financial system encouraged investors to take on risk.

• Monday, April 6th 2009 - 10:14 UTC

  Latam airlines consider airport security costs and standards

  

  Latinamerican countries must standardize security norms in airports but without this meaning an obstacle for staff and passengers, said IATA (International Air Transport Association) regional vice-president Patricio Sepulveda during the Latinamerican Civil Aviation Conference, CLAC, and currently held in Chile.

• Monday, April 6th 2009 - 09:41 UTC

  Tokyo’s plan to ship back 400.000 “nikkeis” to South American

  

  The Japanese government is planning to combat unemployment by sending back to their countries of origin 400.000 South American immigrants of Japanese stock. The idea is to pay them a small subsidy and a one way ticket to South America, an initiative that has generated some controversy in the Japanese press.

• Monday, April 6th 2009 - 08:52 UTC

  Russia and Chile committed to boost trade and defence cooperation

  

  Russian President Dmitri Medvedev and visiting Chilean counterpart Michelle Bachelet said during a meeting at the Kremlin that they were committed to bolster their countries bilateral ties in different areas, including trade and defence cooperation. Both leaders signed a joint declaration and two cooperation accords in culture and defence.

• Sunday, April 5th 2009 - 06:26 UTC

  Colombia demobilization plan working: 773 guerrillas in three months

  

  Colombian guerrillas are turning in by the hundreds according to the latest report from the government. In March 237 guerrillas demobilized and turned in their weapons taking the total for the first quarter of the year to 773.