Latin America

Monday, March 10th 2014 - 06:44 UTC
A 1765 Spanish merchant shipwreck located off the coast of Tierra del Fuego

A team of archaeologists in Argentina has pinpointed the location of the 1765 shipwreck of a Spanish merchant ship off the southern coast, officials said over the weekend. It is the oldest wrecked ship of twelve that were identified along 200 kilometers of the windswept Tierra del Fuego coast.
Monday, March 10th 2014 - 06:30 UTC
Chilean navy helicopter rescues British yachtsman west of Cape Horn

British yachtsman who was trying to sail by himself non-stop around the world has been rescued by Chile’s navy and is currently in Punta Arenas. The 54-year-old Andrew Halcrow was forced to give up his second attempt to circumnavigate the globe after the mast on his yacht broke in a storm west of Cape Horn.
Saturday, March 8th 2014 - 06:53 UTC
US Vice-president Biden expected to address Venezuelan situation while in Chile

US Vice President Joe Biden will hold talks with Latin American leaders about protest-hit Venezuela during his trip to Chile from Sunday for the inauguration of President Michelle Bachelet scheduled for Tuesday and which is expected to convene regional leaders.
Saturday, March 8th 2014 - 06:47 UTC
Brazil's trade deficit soars in February: 6.3bn dollars if first two months of 2014

Brazil recorded its largest February trade deficit ever, deepening a trade gap this year that underscores the lack of competitiveness from local industry. The deficit reached 2.125 billion dollars the trade ministry announced.
Saturday, March 8th 2014 - 06:32 UTC
Unasur meets to address the Venezuelan situation next Tuesday in Chile

Latin American foreign ministers and most probably presidents, will meet next week to discuss the unrest in Venezuela that has left at least 21 dead and hundreds injured and arrested following weeks of protests and clashes, according to the Ecuadorean president Rafael Correa.
Saturday, March 8th 2014 - 05:54 UTC
OAS agrees on declaration calling for peace and an end to violence in Venezuela

The Organization of American States (OAS) Permanent Council approved late Friday night after a whole day of discussions and by an ample majority, a statement in support of peace and an end to violence in Venezuela, where street protests and clashes have left at least 22 dead and hundreds injured and arrested.
Friday, March 7th 2014 - 05:10 UTC
With an eye on Argentina and Venezuela, Brazil private sector wants Mercosur trade in local currencies

Brazil's private sector concerned with harsh times ahead, particularly with exports to Argentina and Venezuela are proposing that Mercosur trade should be done with local currencies leaving aside the US dollar. The initiative was launched by the president of the Brazil-Argentina Commerce Chamber.
Friday, March 7th 2014 - 05:02 UTC
OAS leader compares the 'dynamic imbalance' in trade talks EU/US and EU with Mercosur

The dynamic imbalance in trade negotiations is clearly evident in the case of trade negotiations of Canada and the US with the European Union, and what happens with EU/Mercosur trade talks that have been going for seventeen years, with no clear results yet, according to OAS Secretary General Miguel Insulza.
Thursday, March 6th 2014 - 21:45 UTC
Foreign Office minister Swire will visit Uruguay on Wednesday 12 March

Hugo Swire MP, FCO Minister for Latin America, will be visiting Uruguay on Wednesday 12 March where he is scheduled to hold several political and trade meetings. The minister will be returning from Santiago de Chile where he will attend the inauguration ceremony of Chilean president Michelle Bachelet.
Thursday, March 6th 2014 - 05:53 UTC
February confirmed that inflation remains Uruguay's main challenge

Inflation in Uruguay during February reached 1.66% which is equivalent to 9.82% in the last twelve months, the third highest in South America behind Venezuela and Argentina.