Latin America

• Friday, June 3rd 2011 - 07:53 UTC

  Korean group plans shipyard in south Brazil to cater “Malvinas” fishing fleet

  

  The Korean fishing group Insung signed this week an letter of intent with a Brazilian consortium for the construction of a ship yard in the Rio Grande/Pelotas area , state of Rio Grande do Sul, which could cater to the Korean fishing vessels operating in the “Falklands/Malvinas” area.

• Friday, June 3rd 2011 - 03:14 UTC

  Keiko Fujimori with minimum lead over Humala in Peru presidential run-off

  

  Conservative Keiko Fujimori is two percentage points ahead of nationalist Ollanta Humala in Peru’s presidential runoff next Sunday June 5, according to the latest opinion polls, but the difference is too tight to anticipate a clear winner.

• Friday, June 3rd 2011 - 03:07 UTC

  Chile, Peru and Colombia launch second largest regional stock market

  

  Chile, Peru and Colombia formally combined operations of their stock markets on Monday to form the Latin American Integrated Market (Mercado Integrado Latinoamericano, or Mila).

• Thursday, June 2nd 2011 - 04:36 UTC

  Honduras readmitted to OAS; only country to vote against was Ecuador

  

  The Organization of American States voted Wednesday to readmit Honduras into the regional body. Ecuador was the only country to vote against the measure, which was approved 31-1.

• Thursday, June 2nd 2011 - 03:54 UTC

  President Allende’s death “may not have been a suicide” suggests forensic expert

  

  Chile’s national television station TVN ran an investigative program on Monday night unveiling new evidence that former President Salvador Allende’s death may not have been a suicide, as previously believed

• Wednesday, June 1st 2011 - 17:43 UTC

  Luksic family takes over Shell’s business in Chile for 663 million USD

  

  Chilean conglomerate Quinenco SA announced Tuesday it completed the purchase of Royal Dutch Shell PLC's local business for 633 million US dollars.

• Wednesday, June 1st 2011 - 17:37 UTC

  Brazil lawmakers comply with formality of approving Unasur charter

  

  Brazil’s Lower House passed on Tuesday the charter-treaty marking the foundation of the Union of South American Nations, Unasur, and the half approved bill now goes to consideration of the Senate.

• Wednesday, June 1st 2011 - 09:02 UTC

  LAN will seek another partner to expand globally if merger with Brazil’s TAM falls

  

  Chile's LAN Airlines will seek another partner or explore other options to expand internationally if a local antitrust tribunal rules against a planned merger with Brazil's TAM, according to an interview published by leading daily El Mercurio.

• Wednesday, June 1st 2011 - 08:42 UTC

  Bolivia tells Iranian Defence minister to leave and apologizes to Argentina

  

  The Bolivian Government asked Iranian Defence Minister Ahmad Vahídi, accused by Argentina of masterminding the Buenos Aires AMIA terrorist attack in 1994, to leave the country after an Argentine attorney asked Interpol to arrest him, Foreign Minister Héctor Timerman said.

• Wednesday, June 1st 2011 - 08:37 UTC

  Moody’s joins S&P and lifts Colombia’ credit rating to investment grade

  

  Colombia’s credit rating was raised to investment grade by Moody’s Investors Service, matching a move by Standard & Poor’s two months earlier, as economic growth accelerates and the threat posed by guerrilla groups and organized crime recedes.