An Argentine company has purchased 500 tons of pulp from the Uruguayan Botnia mill which is at the heart of a serious diplomatic controversy with Argentina that has reached the International Court of The Hague.
The current global crisis will cause the number of poor people in Latin America to rise by nine million to 189 million this year, the UN Economic Commission for Latin America and the Caribbean (CEPAL) said in a report presented in Santiago de Chile.
Giles Paxman, Britain's ambassador to Madrid has apologized after the Royal Navy fired on a buoy bearing the red and yellow of the Spanish flag during target practice off Gibraltar.
Former Chilean president Ricardo Lagos called for a closer dialogue between Latinamerica and Washington while de-mystifying the alleged negative influence of Venezuelan president Hugo Chavez in the region. He also admitted he expected “much more from Mercosur”.
Contentious politics and a lack of political stability are the main factors weighing on the outlook for Argentina's credit ratings, Moody's Investors Services said on Thursday.
A key US House of Representatives committee has voted to give the government the power to take apart banks that are too big to fail. The bill would give a proposed new council of regulators the right to dismantle firms whose scale could hurt the economy - even if they are healthy.
European Union leaders have opted for little-known compromise candidate, Belgium premier Herman Van Rompuy, to become the bloc's first full-time president, diplomats have said.
Chile has been Latin America’s success story since the 1980’s, boasting rapid economic growth, successful integration into the world economy, solid democratic institutions, an effective state bureaucracy, and low levels of crruption. By most standards, the country is far better off than the rest of the region.
Last week’s huge blackout in Brazil which left 18 of the country’s 26 states in the dark is becoming a major embarrassment for the government with opposition Senators summoning a medium to help explain the causes of the outage.
With only ten days for the Uruguayan presidential run-off, incumbent candidate Jose Pepe Mujica leads with 48% vote intention while his rival Luis Alberto Lacalle stands at 42% and the undecided 10%, according to the latest public opinion poll released Thursday by a Montevideo newspaper.