Tag: Latin America

Thursday, May 16th 2019 - 09:59 UTC
Norway, the seat for discussions between Venezuelan officials and opposition?

Representatives of Venezuela's government and the opposition have traveled to Norway to discuss potential options following a failed uprising against President Nicolas Maduro, according to four opposition sources.
Wednesday, May 15th 2019 - 09:59 UTC
Ex Brazilian president Temer released from jail with conditions

A Brazilian court ordered former president Michel Temer's release from jail with conditions on Tuesday, less than a week after he was detained for a second time in a case related to a corruption scandal that has ensnared several high-profile South American politicians.
Wednesday, May 15th 2019 - 09:53 UTC
Brazil's government cuts economic growth forecast, insists Congress must approve pensions' reform

Brazil’s government will cut its 2019 economic growth forecast to below 2% and seek supplementary funding from state-run BNDES development bank to meet current expenditure and avoid breaking its fiscal rules, Economy Ministry officials said on Tuesday.
Wednesday, May 15th 2019 - 09:52 UTC
Ex Lima mayor jailed after admitting benefiting from the Odebrecht corruption network in Peru

A Peruvian judge on Tuesday sentenced former Lima mayor Susana Villaran to 18 months' preventive detention for accepting illegal campaign funds from Brazilian construction firms Odebrecht and OAS. The Odebrecht bribery scandal, which has washed through Latin America, runs deep in Peru, where the country's last four presidents are accused of receiving illegal payoffs.
Tuesday, May 14th 2019 - 09:45 UTC
Brazil's Real slides past 4.00 to the US dollar as China/US trade dispute escalates

Brazil’s Real weakened past 4.00 per dollar for the first time in three weeks on Monday as an escalation in the U.S.-China trade war sent emerging markets reeling and a weekly snapshot of domestic growth forecasts fell to a new 2019 low.
Monday, May 13th 2019 - 09:36 UTC
Venezuelan general calls on forces to rise against Maduro, controlled by the Cuban “communist dictatorship”

A Venezuelan general called on the country's armed forces on Sunday to rise up against President Nicolas Maduro, who has relied on the backing of the military to hold on to power despite an economic collapse.
Saturday, May 4th 2019 - 09:56 UTC
Brazil and Argentine currencies recover against a weaker US dollar

Latin American currencies ended on a high note on Friday against a weaker dollar after robust U.S. jobs data painted a brighter picture for global growth and gave the U.S. central bank more reason to stay on its dovish path.
Friday, May 3rd 2019 - 09:00 UTC
Huawei launches its Smartphone line in Brazil targeting the premium segment

China’s Huawei Technologies Co Ltd launched two high-end smartphone handsets in Brazil, making its second attempt to penetrate the world’s fourth-largest smartphone market, broadening its footprint in Latin America.
Thursday, April 25th 2019 - 08:09 UTC
Closer ties between China and the Development Bank of Latin America

The head of a top Latin American financial institution believes China's Belt and Road Initiative, or BRI, could help inject new dynamism into the world economy, as well as generate new ideas to foster more connectivity between Asia and Latin America. Luis Carranza Ugarte, executive president and CEO of CAF－Development Bank of Latin America－is attending the second Belt and Road Forum for International Cooperation in Beijing this week.
Saturday, April 20th 2019 - 09:21 UTC
Argentina's think tank CARI underlines the significance of China's Belt and Road forum

Argentine experts have expressed the belief that the upcoming Belt and Road Forum for International Cooperation can yield more concrete steps for collaboration between China and Latin America. Members of the Asian Affairs Committee at Argentina's Council on International Relations (CARI), a leading think tank, spoke to China's government news agency Xinhua in the lead-up to the forum.