Latin America

• Friday, August 19th 2011 - 02:05 UTC

  Fears of recession plunge world markets; Latam losses less that in US and EU

  

  Stock markets across Latin America, led by regional heavyweight Brazil, fell sharply Thursday as recession fears sent global markets down. Meanwhile the spot price of gold hit yet another record high of just below 1.829 dollars an ounce.

• Thursday, August 18th 2011 - 23:53 UTC

  Zara accused of accepting Brazilian suppliers with slave-labor work conditions

  

  Spain high-street retailer Zara has been accused of allegedly accepting slave-labor working conditions supplanted by more than 30 of its outsourced plants running in Brazil.

• Thursday, August 18th 2011 - 23:23 UTC

  Korean corporations investing heavily in Latin American markets and resources

  

  Korea’s leading businesses are making their forays into Latin America, which has emerged as a favoured destination among global investors for its growing economy, ample natural resources and robust domestic demand.

• Thursday, August 18th 2011 - 21:24 UTC

  Colombia/Argentina bilateral trade expected to reach 2 billion dollars in 2011

  

  Colombia/Argentina bilateral trade is set to reach 2 billion dollars, eight times its 2003 value, and remains favourable for Argentina, according to Minister of Industry Debora Girogi.

• Thursday, August 18th 2011 - 07:06 UTC

  Colombia/Canada launch FTA promoting agro-trade and mining investment

  

  The Canada-Colombia Free Trade Agreement which took effect on Monday August 15 is Canada's fourth bilateral trade deal with a Latin American country and eliminates tariffs on a range of goods and services in an effort to facilitate trade and investment.

• Thursday, August 18th 2011 - 06:57 UTC

  Fitch ratings sees a decade of opportunities for construction industry in Latam

  

  According to a new report issued by Fitch Ratings, the magnitude of investments in infrastructure during the next decade will provide unprecedented levels of opportunity for Latin American construction companies with the outlook for most companies in the industry being positive.

• Wednesday, August 17th 2011 - 23:15 UTC

  Venezuela: biggest oil reserves, but also record corruption and mismanagement

  

  Venezuela received an enviable honour last month: OPEC said it is sitting on the biggest reserves of crude oil in the world – even more than Saudi Arabia. But the Venezuelan oil industry is also sitting atop a well of trouble.

• Wednesday, August 17th 2011 - 14:40 UTC

  Brazil JBS, world’s largest beef producer, reports losses and mounting debt

  

  Brazil's JBS SA, the world's biggest beef producer, reported a second-quarter net loss of 180.8 million Real (114 million dollars), reversing a year-ago gain as US performance suffered.

• Wednesday, August 17th 2011 - 07:36 UTC

  Sao Paulo, Rio, Caracas and Bogotá most expensive cities in South America

  

  The Brazilian cities of Sao Paulo (19) and Rio do Janeiro (26), together with the Venezuelan capital Caracas (47) and Bogotá (57) Colombia, figure among the most expensive cities in Latin America, according to a bi-annual rating from the Swiss bank, UBS.

• Wednesday, August 17th 2011 - 07:35 UTC

  Only seven Latam universities among the 500 ranking from Shanghai Jiao Tong

  

  US universities continue to dominate the upper echelons of world rankings, taking 17 of the top 20 spots in the Shanghai Jiao Tong top 500 ranking. Five Brazilian, one Mexican and one Argentine figure among the 500 list.