Latin America

Thursday, November 4th 2010 - 18:19 UTC
Overseas investment cap for Chilean pension funds increased from 60% to 80%

Chile's central bank said on Thursday it would gradually raise foreign investment limits for pension funds to 80% from 60% as it seeks to counter the recent sharp appreciation of the Chilean Peso.
Thursday, November 4th 2010 - 17:51 UTC
Uruguay the most prosperous country in Latinamerica says Legatum Institute

Uruguay is the highest positioned Latinamerican country in the 2010 list ranking the prosperity of 110 of the world’s nations by the London analytical centre Legatum Institute and its Legatum Prosperity Index.
Thursday, November 4th 2010 - 15:50 UTC
Uruguay leads the region in direct foreign investment percentage increase: 35.4%

Uruguay is the country in Latin America and the Caribbean which experienced the highest percentage increase in direct foreign investment during the first half of the year, according to the latest report from the United Nations Economic Commission for Latin America and the Caribbean, Cepal.
Thursday, November 4th 2010 - 15:00 UTC
Chile and Uruguay the less corrupt and most transparent in Latinamerica

Chile and Uruguay are among the less corrupt and most transparent countries of the region while Venezuela stands at the opposite end, among the worst cases in the world, according to the latest annual report from Transparency International officially released in Berlin.
Thursday, November 4th 2010 - 02:09 UTC
Colombia takes measures to stem appreciation of the local currency

Colombia’s government and central bank announced new measures to stem a rally in the peso after President Juan Manuel Santos expressed concern its appreciation is hurting exporters and job growth.
Wednesday, November 3rd 2010 - 23:55 UTC
Peruvian ruling party nominates woman candidate for presidential election

Peru’s former Finance Minister Mercedes Araoz said she will run for president next year as a candidate for President Alan Garcia’s Apra party. The independent candidate was proclaimed this week as presidential candidate by Apra’s Executive Committee and thus joins the growing rank of women presidents and candidates in the region.
Wednesday, November 3rd 2010 - 23:50 UTC
More than 25 million gays live in Latin America and spend billions travelling

There is a largely untapped lesbian, gay, bisexual and transgender (LGBT) market in Latin America, according to a recent survey.
Wednesday, November 3rd 2010 - 23:41 UTC
Chavez nationalization addiction intensifies: steel, glass, real estate developers

Venezuelan President Hugo Chavez announced the nationalization of steelmaker Sidetur and of several real estate developers that failed to complete housing projects.
Wednesday, November 3rd 2010 - 23:40 UTC
Spanish newspaper El Pais launched this week its Chilean edition

The Spanish newspaper El Pais is strengthening its presence in Latin America after starting this week with an edition in Chile that will be distributed together with the Santiago daily La Tercera.
Wednesday, November 3rd 2010 - 08:04 UTC
Rescue of trapped miners increases support for President Piñera

Support for Chilean President Sebastian Piñera rose to new highs in October after the dramatic rescue of 33 trapped miners, a poll showed Tuesday, strengthening his hand as he pushes his first budget through Congress.