Latin America

• Thursday, April 21st 2011 - 03:20 UTC

  Chile looking for a new icebreaker to strengthen presence in Antarctica

  

  The Chilean Navy icebreaker is scheduled to be decommissioned in four years time so “we are in the task of considering a replacement” revealed Third Naval Zone Commander Rear Admiral Rafael Gonzalez during a press conference in Punta Arenas to review results of the last Antarctic season.

• Wednesday, April 20th 2011 - 05:14 UTC

  Oil exploration in extreme south of Chile attracts 400 million USD in three years

  

  In the coming three years hydrocarbons exploration and exploitation in the extreme south of Chile will receive investment equivalent to over 400 million US dollars making Punta Arenas a hub for the regional oil industry.

• Wednesday, April 20th 2011 - 05:01 UTC

  Mexican cruise operator takes off with full evacuation of ‘Ocean Star Pacific’

  

  The 1050 passenger MV ‘Ocean Star Pacific’ was stranded six miles off the Mexican coast at Huatulco by a generator fire, forcing the evacuation of 522 passengers and 226 crew members on Saturday.

• Wednesday, April 20th 2011 - 02:49 UTC

  Latin America rapidly becoming a middle-class continent, according to ECLAC

  

  Latin America’s middle class increased by 56 million since 1999 with a direct consequence on consumption patterns and demand for government policies, according to a report in the latest edition of the United Nations Economic Commission for Latin American and the Caribbean, ECLAC Review.

• Tuesday, April 19th 2011 - 04:57 UTC

  Private property returns after 50 years: Cubans allowed to buy and sell their homes

  

  Cuba says it will allow people to buy and sell their homes for the first time since the communist revolution in 1959. For the past 50 years, Cubans have only been allowed to pass on their homes to their children, or to swap them through a complicated and often corrupt system.

• Tuesday, April 19th 2011 - 01:30 UTC

  US concern over growing Chile-China links, revealed by Wikileaks

  

  In 2005, with Chile negotiating a Free Trade Agreement with China, the United States became increasingly worried over China’s influence in the area, according to a confidential cable released last week by Wikileaks.

• Monday, April 18th 2011 - 07:14 UTC

  Investigation on Allende’s death gives hope to relatives of former Brazilian leader

  

  Relatives of former Brazilian president Joao Goulart who have long argued that he was the victim of the Southern Cone military government’s ‘terrorist’ operations in the seventies are encouraged by the Chilean justice decision to exhume and analyze the remains of former president Salvador Allende.

• Monday, April 18th 2011 - 06:38 UTC

  Cuba’s geriatric leadership admits it lacks a reserve of well-trained replacement

  

  Cuba will consider placing term limits on its leaders to assure new blood in the government, President Raul Castro said in a speech kicking off a Communist Party congress on the island he and his brother have led for more than five decades.

• Saturday, April 16th 2011 - 09:41 UTC

  Cuba admits food imports bill is up 25% and “miracles are running out”

  

  Cuba announced Friday that it will have to spend 25% more than its original estimates to pay the cost of food imports due to the international surge in commodity prices.

• Saturday, April 16th 2011 - 00:13 UTC

  Argentine economy forecasted to expand 8% in 2011 with inflation ranging 25%

  

  Argentina’s 2011 economic growth forecast was raised to 8% from 5% by Nomura Securities International based on a strong surge from domestic demand and rising commodity prices. Government primary spending is expected to continue since 2011 is electoral year.