Latin America

• Friday, July 29th 2011 - 07:21 UTC

  “Deep changes since 2006” should pave the way for Venezuela’s return to CAN

  

  The Venezuelan-Colombian Chamber for Economic Integration (Cavecol) has formally requested national authorities that Venezuela re-joins the Andean Community of Nations, CAN, from which it pulled out three months ago following the original decision dating back to 2006.

• Friday, July 29th 2011 - 07:02 UTC

  Latam and Caribbean hold 727bn dollars in US government debt assets

  

  The UN Economic Commission for Latin America and the Caribbean, ECLAC, expressed public concern about the ongoing discussions between the White House and Congress regarding the governments’ borrowing limit and the August 2 deadline to reach an agreement.

• Friday, July 29th 2011 - 06:47 UTC

  Peruvian president Humala promises economic growth with social inclusion

  

  Peru's incoming President Ollanta Humala promised on Thursday the poor would take part in the country's economic boom, investors and their contracts would be respected and changes will be moderate and gradual.

• Thursday, July 28th 2011 - 11:42 UTC

  Argentina-Brazil summit in Brasilia to discuss trade and political coordination

  

  Brazilian Foreign Affairs minister Antonio Patriota said that trade talks is one of several points in the bilateral agenda, ‘but not the most important’, next Friday when Argentine president Cristina Fernandez de Kirchner visits her Brazilian peer Dilma Rousseff.

• Thursday, July 28th 2011 - 11:34 UTC

  Volcanic ash cloud dissipates and Buenos Aires airports return to normal activity

  

  Activity in Buenos Aires Metropolitan airport slowly resumed its normal pace on Wednesday as Aerolíneas Argentinas, Austral and Lan airlines announced they resumed their operations, after cancelling them due to volcanic ash cloud.

• Thursday, July 28th 2011 - 11:32 UTC

  Venezuela remains committed to compensate oil companies, says minister

  

  Venezuela said it remains committed to compensating Exxon-Mobil and Conoco-Phillips for nationalized oil assets, as long as the amount is reasonable and either settle by mutual agreement or set by the World Bank’s arbitration panel.

• Thursday, July 28th 2011 - 11:21 UTC

  Santander Latam’s profits insufficient to compensate EU poor performance

  

  Spain's Banco Santander CEO Alfredo Saenz announced Wednesday its second-quarter net profit fell 38% as growth in Latin America was offset by weaker results in crisis-hit Europe and a one-time charge in Britain

• Thursday, July 28th 2011 - 11:14 UTC

  Humala takes office in Peru with a balancing act on promises and the cabinet

  

  Former nationalist military officer Ollanta Humala will take office next Thursday as the next president of Peru, one of the fastest growing economies in the world but with almost half the population living in poverty.

• Thursday, July 28th 2011 - 11:04 UTC

  Peruvian president counts with the support of 68 out of 130 benches in Congress

  

  A working alliance of 68 members in the one-chamber Congress of 130 benches will be supporting the government of Peruvian president-elect Ollanta Humala who is to be sworn in on Thursday 28 July.

• Thursday, July 28th 2011 - 11:00 UTC

  All South American presidents, except Chavez and Lugo, present in Lima

  

  All South American presidents with the exception of Venezuela’s Hugo Chavez under chemotherapy treatment, and Paraguay’s Fernando Lugo, who cancelled at last moment following medical instructions, will be present at Thursday swearing in ceremony of Peruvian president-elect Ollanta Humala.