Latin America

Thursday, September 20th 2012 - 01:40 UTC
Brazil announces auctioning of new oil concessions for next May

Brazil's Dilma Roussef has approved the auctioning of new oil concessions next year, subject to congressional approval of a new royalties law, authorities said. The 11th auction outside the pre-salt next May would involve 74 oil blocks, half at sea and half on land.
Wednesday, September 19th 2012 - 21:15 UTC
Don’t wait for the end of the EU crisis: boost trade among emerging economies, recommends Brazil

Brazilian finance minister Guido Mantega said that resolving Europe’s economic problems are likely to drag out over coming years due to a complex and slow process of decision-making in the region and recommended emerging economies to promote domestic consumption and trade among them.
Wednesday, September 19th 2012 - 21:07 UTC
Spain has not invited Paraguay to the Ibero-American summit confirms Asunción

Spain has not invited Paraguay to the Ibero-American summit in Cadiz scheduled for next November confirmed Paraguayan Foreign minister Jose Felix Fernandez Estigarribia, who also admitted that the number of countries ‘disgusted’ with the new administration of President Federico Franco has diminished considerably.
Wednesday, September 19th 2012 - 06:12 UTC
Bad debts held by Spanish banks reach 169bn Euros or 10% of total loans

The value of bad debts held by Spain's banks in July rose to 169.3bn Euros, according to latest figures from the central bank. The Bank of Spain said 9.9% of banks' total loans were in arrears, up from 9.4% a month before.
Wednesday, September 19th 2012 - 06:10 UTC
Leading political figure of Spain’s contemporary history dies

Veteran Communist leader Santiago Carrillo, Spain's last surviving public figure to have taken an active part in the civil war and the reinstatement of democracy has died at age 97, sources close to the family said.
Wednesday, September 19th 2012 - 05:55 UTC
IMF, World Bank annual meetings return to South America after 48 years

The 2015 Annual Meetings of the World Bank Group and the International Monetary Fund will take place in Lima, Peru, in October 2015, following a vote by the Boards of Governors of the two institutions.
Wednesday, September 19th 2012 - 02:00 UTC
UN calls on Argentina to stop eviction of indigenous peoples from their lands

United Nations Special Rapporteur on Indigenous Peoples, James Anaya called on Argentina to cease the eviction of indigenous communities from their lands, during the presentation of the annual report of his office before the UN Human Rights council in Geneva.
Wednesday, September 19th 2012 - 01:50 UTC
Eleven leaders missed the previous 2011 Ibero-American summit in Paraguay

As Spain doubles efforts to ensure full attendance to the coming Ibero-American summit in Cadiz, next 16/17 November diplomatic sources recalled what happened in the previous event which took place in Asuncion, with Fernando Lugo president and which was considered a failure since eleven leaders missed the event including Mercosur full members, Argentina, Brazil and Uruguay.
Tuesday, September 18th 2012 - 23:33 UTC
Rajoy and Franco will address Paraguay’s attendance to Ibero-American summit

President Federico Franco and the head of the Spanish government Mariano Rajoy will address the participation of Paraguay in the coming Ibero-American summit scheduled for November in Cadiz, taking advantage of their presence in New York next week for the UN General Assembly.
Tuesday, September 18th 2012 - 16:24 UTC
Rousseff to meet Obama in New York and receive PM Cameron in Brasilia

Brazilian president Dilma Rousseff is scheduled to meet with her US peer Barack Obama next week in the framework of the annual opening of the UN General Assembly and at the end of the month will be hosting British PM David Cameron in Brasilia, according to Sao Paulo media reports.