Latin America

• Monday, April 28th 2014 - 07:29 UTC

  Malvinas Islands are Argentine, period, insists Uruguayan government

  

  Uruguay's Deputy Defense minister Jorge Menéndez reaffirmed that the Malvinas Islands are 'Argentine' and insisted that the government's support in defense of Argentine sovereignty over the Islands “is not of an expository character”.

• Saturday, April 26th 2014 - 06:08 UTC

  Argentine Malvinas Solidarity Day, proposed by the Central American parliament

  

  The Central America Parliament (Paralacén) International Relations and Migratory Affairs committee unanimously approved on Thursday an initiative to promote in the region the 10th of June as the “Day of Central American solidarity with Argentine Malvinas Islands”.

• Saturday, April 26th 2014 - 06:05 UTC

  Protestors interrupt Rousseff's speech and pledge to torpedo the World Cup

  

  President Dilma Rousseff was repeatedly interrupted while giving a speech by hecklers protesting the coming World Cup hosted by Brazil and who are demanding more funds should be invested in health care, education and improved transportation.

• Saturday, April 26th 2014 - 06:00 UTC

  Malvinas 'sooner than later' will return to Argentina, forecasts Maduro

  

  Venezuelan president Nicolás Maduro forecasted that “sooner than later, the Malvinas Islands will return to the hands of the Argentine people” and recalled that during the recent Celac summit in Cuba (Community of Latin-American and Caribbean States) Latin-American was declared “a territory of peace and free of colonialism”.

• Friday, April 25th 2014 - 10:33 UTC

  Paraguay's private sector insists in joining the Pacific Alliance

  

  Paraguay has an economy which is complementary to the Pacific Alliance block and has become a very interesting option to increase trade, argued the country's main business organizations, Paraguay's Industrial Union and the Paraguay Rural Association.

• Friday, April 25th 2014 - 10:24 UTC

  Despite all, Mercosur is “working normally”, says Paraguayan foreign minister

  

  Paraguay's foreign minister Eladio Loizaga said that there is no date for the several times suspended Mercosur summit, but a technical meeting is scheduled for next week in Montevideo when the issue, among others will be addressed. Nevertheless he insisted that the different bodies of Mercosur “are working normally”.

• Friday, April 25th 2014 - 06:11 UTC

  Uruguayans don't approve the marihuana bill, but are prepared to give it a chance, says poll

  

  A majority of Uruguayans (64%) are against the bill that legalizes growing and selling marihuana, but 51% are willing to wait and see if the system works before having it rejected, according to the latest public opinion poll released on Thursday. The bill was passed in parliament last December but only with the support from the ruling coalition.

• Friday, April 25th 2014 - 05:41 UTC

  Mantega confident that this year the 'the villain factor' in inflation is contained

  

  Ever-optimistic Brazilian Finance Minister Guido Mantega said a recent rise in consumer prices was expected, ('there's always a villain factor pushing inflation')' anticipating that in May/June the index will be lower. Mantega also denied local news reports that the government was seeking a change in the index methodology as a way to eliminate the impact of volatile food prices.

• Friday, April 25th 2014 - 05:36 UTC

  Latin America's fast growing decade is coming to an end, anticipates IMF report

  

  The IMF’s Regional Economic Outlook for the Western Hemisphere, released on Thursday in Lima, Peru, projects regional growth of 2½ percent in 2014, down from 2¾ percent in 2013. Weak investment and subdued demand for the region’s exports held back activity in 2013, as did increasingly binding supply bottlenecks in a number of economies. For 2015, the IMF projects a modest pickup, to 3%.

• Thursday, April 24th 2014 - 07:59 UTC

  China making inroads into Brazilian trade with Argentina, says CNI

  

  Argentina's economic situation has hit Brazil harder than its other commercial partners, as China has been making inroads into Brazilian trade with Argentina. Chinese exports to Argentina have more than tripled in the last ten years, according to a study carried out by Brazil's National Confederation of Industry, (CNI).