Latin America

Monday, July 30th 2012 - 04:31 UTC
Mercosur experts discuss technical aspects of Venezuela’ incorporation

Experts from Argentina, Brazil, Uruguay and Venezuela will begin to define on Monday in Brasilia the technical procedures and timetable for the incorporation of Venezuela to Mercosur which will become official on Tuesday at an extraordinary summit of the block.
Saturday, July 28th 2012 - 03:35 UTC
Cuba says dead dissident’s car ignored signals and was speeding when it crashed

A Spanish politician was to blame for a car crash that killed two Cuban dissidents, including Oswaldo Paya, Cuba said on Friday in a report on an accident that has raised suspicions among opposition activists and some foreign governments.
Saturday, July 28th 2012 - 03:03 UTC
Mexican regulators impose highest fine ever on HSBC for money-laundering

Mexican regulators have imposed a fine of 27.5 million dollars on banking giant HSBC for its failure to comply with money-laundering regulations.
Saturday, July 28th 2012 - 02:35 UTC
Despite profits in Brazil, Santander bank profits halved following write-downs

Profits at Spanish banking giant Santander have halved after it made more write-downs against unrecoverable loans secured against property. The bank, which is the Euro zone biggest, said first-half profits halved to 1.7bn Euros in the six months to the end of June.
Saturday, July 28th 2012 - 01:25 UTC
Rousseff pledges to tackle the “Brazil cost” with new stimulus package

Brazilian President Dilma Rousseff said on Friday her government will unveil more measures to stimulate the economy in the next few months, including investments in ports, airports, railroads and highways.
Saturday, July 28th 2012 - 00:32 UTC
US economy playing against President Obama’s re-election bid

The White House cut its outlook for US growth in 2012 and 2013 on Friday, hours after data showed the economy grew at a tepid pace in the second quarter, raising concerns about a slowdown that could mar President Barack Obama's re-election chances.
Friday, July 27th 2012 - 05:17 UTC
Cuba to end Soviet-style economy and will implement market friendly policies

Cuba adopted a new tax code this week and said it would loosen regulations on some state companies while turning others into cooperatives, as one of the world's last Soviet-style economies moves in a more market-friendly direction.
Friday, July 27th 2012 - 02:52 UTC
IMF Western Hemisphere director Eyzaguirre resigns; takes CEO job in Chilean television channel

IMF western hemisphere director, Chilean national Nicolás Eyzaguirre, resigned to his post Thursday in order to become the CEO of Chilean Canal 13 network. The International Monetary Fund confirmed the news and added that the official will leave his responsibilities immediately.
Friday, July 27th 2012 - 02:44 UTC
Ex British swimmer will carry the Paraguayan flag in London’s Olympic opening

Benjamin Hockin in the 2008 Beijing Olympics was part of the British team, now however he will be the standard-bearer for Paraguay in Friday’s London summer games opening and convinced he will receive an even greater support.
Thursday, July 26th 2012 - 21:17 UTC
UN criticizes as “devastating” Venezuela’s decision to pull out from human rights court

United Nations Office of the High Commissioner for Human Rights (OHCHR) said on Thursday that Venezuela's pullout of the Inter-American Court of Human Rights, Inter-American Commission on Human Rights (IACHR Court) would be “devastating” for the international organization. Spokesperson Rupert Colville said the move “will be not good for Venezuela either.”