Latin America

Friday, October 17th 2008 - 20:00 UTC
Chilean unofficial hopeful presidential candidates line up

Though ostensibly keeping a low profile until this month's municipal elections are over, Chile's main political parties are showing unmistakable signs of intra-party conflict regarding the 2009 presidential race
Friday, October 17th 2008 - 20:00 UTC
Latam estimated to grow 3% in 2009, says IDB

Latinamerica will grow 3% in 2009, below the 4 to 4.5% forecasted for this year said on Friday the president of the Inter-American Development Bank (IDB) Luis Alberto Moreno.

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Friday, October 17th 2008 - 20:00 UTC
Mexico returns to UN Security Council next January

The General Assembly elected Austria, Japan, Mexico, Turkey and Uganda to serve as non-permanent members of the Security Council for two-year terms starting on 1 January next year.
Friday, October 17th 2008 - 20:00 UTC
Czechs helping to reforest Torres del Paine devastated area

Chile's Forestry Corporation, Conaf is reforesting the 15.000 hectares from the world famous Torres del Paine national park in Chilean Pataogonia which were devastated by fire in February 2005, according to Punta Arenas La Prensa Austral.
Friday, October 17th 2008 - 20:00 UTC
Miami trial reveals “rampant corruption” in Venezuela deals

The partner of a wealthy Venezuelan businessman on trial for his alleged involvement in a Latin American political cash scandal said Friday they were both deeply involved in rampant government corruption in their home country.
Thursday, October 16th 2008 - 20:00 UTC
Mexico lost 10% of international reserves to prop the Peso

The Mexican peso closed trading Wednesday at 12.74 to the US dollar, compared to 12.50 on Tuesday, with a depreciation of 1.8% having oscillated up to 12.82. The central bank on Wednesday morning auctioned 400 million US dollars as had been anticipated by government officials.
Thursday, October 16th 2008 - 20:00 UTC
Chilean Navy confirms killing of British priest in 1973

Despite decades of denial surrounding the kidnapping, torture and death of British-Chilean priest Michael Woodward, a retired Chilean Navy official has admitted that the priest died aboard the school ship “Esmeralda”.
Thursday, October 16th 2008 - 20:00 UTC
Latam: 15 million risk falling back into poverty says Cepal

Almost fifteen million people from Latinamerica and the Caribbean will fall back into poverty in the coming years because of the increase in food prices and a slower economic growth in the region, forecasted the United Nations Latinamerica and Caribbean Economic Commission, Cepal.
Thursday, October 16th 2008 - 20:00 UTC
Swiss government rescues top UBS bank with 65 bn USD

Switzerland is taking steps to strengthen its largest bank, UBS, becoming the latest European government to unveil a banking rescue plan. UBS is raising 6bn Swiss francs (5.3 billion US dollars) from the government.
Wednesday, October 15th 2008 - 20:00 UTC
Fighting corruption and poverty, agenda of new Peruvian cabinet

Peruvian President Alan Garcia swore in a new Cabinet headed by a leftist governor as Prime Minister following a scandal over possible corruption in the awarding of oil concessions which prompted all of his ministers to resign last week.