Latin America

Tuesday, December 4th 2007 - 20:00 UTC
Praise for Venezuela but Chavez promises “we will prevail”

Latinamerica praised the “democratic maturity” of the Venezuelan people, the European Union expressed satisfaction and the United States welcomed the defeat of Venezuelan President Hugo Chavez's controversial reform plans in Sunday's referendum.
Tuesday, December 4th 2007 - 20:00 UTC
South America ready to launch two major regional projects

Two major regional projects are scheduled to be launched on the second week of December in South America, designed to boost economic integration. Chile, Bolivia and Brazil will formally announce the start of construction work on the bi-oceanic corridor linking the three nations on December 11.
Tuesday, December 4th 2007 - 20:00 UTC
Chilean Central Bank has new president MIT educated

Chilean president Michelle Bachelet on Monday named economist José De Gregorio as the new president of Chile's Central Bank (BC). De Gregorio, currently the BC's vice president, will replace Vittorio Corbo, whose term expires on December 6.
Tuesday, December 4th 2007 - 20:00 UTC
The world's third highest waterfall discovered in Peru

The third highest waterfall in the world is in the Peruvian Amazon rain forest and measures 895.4 meters according to the country's Nacional Geographic Military Institute, IGN. The announcement was made by Foreign Trade and Tourism minister Mercedes Araoz.
Monday, December 3rd 2007 - 20:00 UTC
Punta Arenas methanol plant diversifies gas supply

Canada's Methanex Corporation the world's largest producer of methanol announced it agreed to finance Chilean natural gas explorations by GeoPark holdings in exchange for a share of the gas it finds in the Magallanes basin.
Monday, December 3rd 2007 - 20:00 UTC
Venezuela said NO to Chavez's Referendum new powers

Venezuelan voters narrowly rejected a constitutional referendum that would have bolstered President Hugo Chavez's embrace of socialism and granted an indefinite extension of his eligibility to serve as president, the National Electoral Council reported early Monday.
Monday, December 3rd 2007 - 20:00 UTC
Fidel Castro readies to play the role of elder statesman

Cuban leader Fidel Castro who is recovering from a long illness was nominated Sunday for a seat in the National Assembly opening the way for him to resume governing.
Monday, December 3rd 2007 - 20:00 UTC
Billiton insists in building the world's largest mining group

Mining group Rio Tinto said the takeover approach of about 130 billion US dollars from BHP Billiton is “a couple of ballparks away” from its true value.
Sunday, December 2nd 2007 - 20:00 UTC
Venezuela votes on drastic political and property changes

A referendum is being held in Venezuela today to decide on a constitutional amendments that would give President Hugo Chávez more power. One of the changes would make it possible for the president to be re-elected for an unlimited number of terms.
Sunday, December 2nd 2007 - 20:00 UTC
Spanish investors moderately optimistic about 2008 Latam

Less growth, more inflation, tougher decisions than so far but nothing catastrophic is the 2008 forecast of Spanish businesses that have strong investments in Latinamerica and are planning to further expand their positions.