Latin America

• Monday, February 25th 2013 - 21:31 UTC

  Promising gas discovery in southern Chile Magallanes Region

  

  GeoPark Holdings has revealed the discovery of the new Palos Quemados gas field on the Tranquilo block in Chile in the southern region of Magallanes. The Palos Quemados field is the first gas discovery in the Tranquilo Block by GeoPark and the first hydrocarbon discovery in the Magallanes Fold and Thrust Belt in more than 40 years.

• Monday, February 25th 2013 - 06:57 UTC

  Brazilian 2014 presidential campaign takes off with Rousseff bidding re-election

  

  Brazil's 2014 election season got off last week with the unofficial launch of President Dilma Rousseff's re-election campaign by her mentor and predecessor Lula da Silva during the celebration of the ruling Workers Party tenth year in power.

• Monday, February 25th 2013 - 06:43 UTC

  For second time in a decade India/Latam trade in 2012 was down

  

  India's trade with Latin America has gone down in 2012 in comparison to 2011. This is the second time the trade went down in the last decade when it was steadily growing. The earlier decline was in 2009 at the height of global crisis. Trade with the top seven countries of the region declined 15% from 25.274bn dollars in 2011 to 21.302bn in 2012.

• Monday, February 25th 2013 - 06:36 UTC

  Argentina celebrates Africa’s 54 countries support for Malvinas sovereignty

  

  Africa’s fifty four countries joined South America “in recognizing the legitimate sovereignty rights of Argentina over the Malvinas, South Georgia and South Sandwich Islands and the adjoining maritime spaces”, announced the Argentine Ministry of Foreign Affairs in a communiqué in reference to the so called Declaration of Malabo, capital of Equatorial Guinea.

• Monday, February 25th 2013 - 06:27 UTC

  Santos denies any cease-fire: if peace talks don’t advance, “we get up from the table”

  

  Colombia's government will not hold back militarily or politically in its offensive against Marxist-oriented drugs-funded rebels, President Juan Manuel Santos said on Sunday, after FARC guerrillas said his hostile attitude was threatening peace negotiations.

• Monday, February 25th 2013 - 05:48 UTC

  Cuba re-elects Raul Castro and unveils his de facto political heir: Diaz-Canel

  

  Raul Castro was re-elected as Cuba's president Sunday, officially to his last five-year term, with a new regime number two, Council of State Vice President Miguel Diaz-Canel, official media said.

• Saturday, February 23rd 2013 - 06:34 UTC

  “Uruguayan government in deep crisis”, admits Mujica with a split cabinet and two economic teams

  

  “The Uruguayan government is in deep crisis” admitted President Jose Mujica following an open clash between ministers that called for an urgent meeting of the cabinet and half way had to be adjourned on fears that recriminations could get out of control. A recess was ordered but the squabbling through the press continued and the exposed deep rift remains more than a challenge.

• Saturday, February 23rd 2013 - 06:31 UTC

  OAS mission promotes political dialogue in Paraguay ahead of the April 21 general election

  

  The head of the Electoral Observation and Political Accompaniment Mission of the Organization of American States (OAS) in Paraguay, the former President of Costa Rica and Nobel Peace Prize Winner, Óscar Arias begins this weekend a visit to Asuncion to promote dialogue between the different Paraguayan political and social actors, and to prepare the deployment of the Mission that will monitor the general elections of April 21.

• Friday, February 22nd 2013 - 05:11 UTC

  Colombia with enough oil for eight years at current rate of consumption

  

  Colombia only has enough oil to last another eight years and must urgently step up exploration efforts to locate more reserves, Finance Minister Mauricio Cardenas said.

• Friday, February 22nd 2013 - 04:16 UTC

  Colombia signs free trade agreement with South Korea eliminating 96% of tariffs

  

  Colombia on Thursday signed a Free Trade Agreement (FTA) with South Korea in Seoul. The FTA includes a wide range of elements to boost bilateral trade and investment, according to the trade ministry.