Latin America

• Tuesday, December 21st 2010 - 19:40 UTC

  Chile’s government determined to make oil company ENAP “economically viable”

  

  Chile's government wants to make state-owned oil and gas company Empresa Nacional del Petroleo SA, (ENAP) “economically viable” through a management overhaul and streamlining of production.

• Tuesday, December 21st 2010 - 18:11 UTC

  Chile’s state oil company looking for associates to drill in Tierra del Fuego

  

  Chile's state oil firm ENAP is seeking joint ventures with foreign companies to explore for crude and gas at five blocks in the country's extreme south region and has invited over twenty corporations to participate, announced the company.

• Tuesday, December 21st 2010 - 05:43 UTC

  Unemployment is going down in Latam but job-quality has become the challenge

  

  Latin America and the Caribbean experienced rapid employment recovery in 2010 to pre-crisis levels, according to data provided by the International Labour Organisation (ILO). However, the quality of jobs now being offered to those made jobless in the contracted worldwide recession over the past two years is fast becoming a problem in itself.

• Tuesday, December 21st 2010 - 05:34 UTC

  Five world’s biggest airlines come from Asia and Latin America, says IATA

  

  The world's five biggest airlines now come from Asia and Latin America, highlighting the industry's shift away from the US and Europe to higher-growth countries, according to recent reports from the International Air Transport Association, IATA.

• Tuesday, December 21st 2010 - 05:07 UTC

  Another attempt at locating treasure buried in Robinson Crusoe Island

  

  Always an optimist, U.S. treasure hunter Bernard Keiser is requesting permission from Chilean government authorities for a fifth try at locating the gold and jewels supposedly buried on Robinson Crusoe Island during the 18th century by British pirates

• Tuesday, December 21st 2010 - 04:54 UTC

  Australia committed to Latin America and Chile the door to the region

  

  Australia’s Minister for Foreign Affairs and former Prime Minister, Kevin Rudd, was in Santiago on Saturday, meeting with Chilean Foreign Minister Alfredo Moreno and President Sebastián Piñera.

• Monday, December 20th 2010 - 18:40 UTC

  Full powers for Venezuelan president Chavez for the next 18 months

  

  Venezuelan President Hugo Chavez was granted decree powers to pass laws without congressional authorization for the next 18 months, after pro- government lawmakers extended the period from the originally proposed 12 months at the last minute. This means he will have special powers until six months before the next presidential election in 2012 when he anticipated he expects to run.

• Monday, December 20th 2010 - 06:19 UTC

  Canada’s Nova Scotia bank takes over RBS in Chile

  

  Chilean regulators approved last week the acquisition by Canada’s Bank of Nova Scotia (BNS) of the The Royal Bank of Scotland, and associate companies following on the agreement signed last September.

• Monday, December 20th 2010 - 06:09 UTC

  Which are the countries most effective in reducing poverty and inequality?

  

  Argentina, Brazil, Bolivia and Venezuela are the countries which most reduced inequality and poverty during the last decade in Latinamerica, according to Alicia Bárcena, executive secretary from the United Nations Economic Commission for Latin America and the Caribbean, Cepal.

• Monday, December 20th 2010 - 05:45 UTC

  “Too much secrecy, too many lies” have taken the revolution to a critical situation

  

  In a dramatic speech to the National Assembly Cuba’s Raul Castro said he wasn’t elected to restore capitalism nor to surrender Socialism but admitted that “too much secrecy and too many lies” had taken the revolution to a critical situation: “either we rectify or we will plunge from the cliff and the efforts of entire generations would be lost”.