Mercosur

• Friday, October 10th 2014 - 05:01 UTC

  Latam headed for a third year of foreign trade stagnation, reports ECLAC

  

  Latin America and the Caribbean's foreign trade will experience its third year of stagnation in 2014, because of minimal growth in exports and a slight decline in imports, the Economic Commission for Latin America and the Caribbean (ECLAC) reported on Thursday.

• Thursday, October 9th 2014 - 06:08 UTC

  Mercosur finally agrees: unified number plates for new cars beginning 2016

  

  The five full members of the Mercosur trade bloc will use unified number plates for their 0km vehicles starting in 2016, Argentine Foreign Minister Hector Timerman announced on Wednesday from San Martín Palace in Buenos Aires city.

• Wednesday, October 8th 2014 - 08:24 UTC

  Uruguay presidential race to be decided in runoff in November seems confirmed by latest poll

  

  A run off in November to elect Uruguay's president seems most certain because none of the two leading candidates will manage a majority in the first round on 26 October, according to the latest public opinion poll.

• Monday, October 6th 2014 - 05:56 UTC

  Dilma (40%) and Neves (34%) to the runoff; mathematically the opposition can win

  

  Brazil's unpredictable election took another twist Sunday, with populist President Dilma Rousseff forced into a runoff race as expected, but against a center-right challenger who only surged in the final week of the campaign.

• Saturday, October 4th 2014 - 08:25 UTC

  Pacific Alliance and Mercosur will attempt convergence, sponsored by Chile

  

  A first meeting to assess opportunities for accords between the Alliance of the Pacific and Mercosur will take place next November in Santiago de Chile confirmed, confirmed Chilean foreign minister Heraldo Muñoz.

• Monday, September 29th 2014 - 21:16 UTC

  Judge Griesa declares Argentina in contempt of court, but deferred financial penalties

  

  New York district judge Thomas Griesa declared on Monday Argentina in contempt of court, due to the country's actions in attempting to change debt jurisdictions as a result of the ongoing judicial conflict with holdout investors presided over by the US magistrate.

• Monday, September 29th 2014 - 09:22 UTC

  Venezuela's Bolivar hits a record low of 100 to the US dollar

  

  Venezuela's Bolivar currency hit a record low 100 to the U.S. dollar on the black market on Friday, making the dollar 16 times more expensive than the strongest official rate, according to a website that tracks it.

• Thursday, September 25th 2014 - 06:44 UTC

  Brazil calls for 'true reform' of Security Council and the 're-launching' of global economy

  

  Following the opening remarks by UN Secretary General Ban Ki-moon, Brazil’s president Dilma Rousseff was the first head of state to address the General Assembly on Wednesday. She called for a “re-launching of global economy” and a “true reform” of the UN Security Council.

• Thursday, September 25th 2014 - 06:34 UTC

  Cristina Fernandez claims holdouts are committing “economic and financial terrorism”

  

  Argentine President Cristina Fernández accused holdout investors of committing “economic terrorism” and reiterated her wish for a multi-lateral framework to regulate sovereign debt, during her speech before the United Nations 69th General Assembly on Wednesday.

• Thursday, September 25th 2014 - 05:17 UTC

  Argentina must explain to Judge Griesa why it is not in contempt of court

  

  New York district judge Thomas Griesa has asked Argentina to show cause and explain why the country should not be declared in contempt, following its decision not to pay holdout investors full amount for their defaulted bonds as the judge’s ruling ordered on August 8.