Tag: Latin America

• 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.

• Thursday, April 18th 2019 - 09:41 UTC

  Petrobras insists it is completely free of political interference and increases diesel price 10 cents

  

  Brazilian state-run oil firm Petrobras hiked diesel prices on Wednesday, and executives said the firm could expand its already aggressive divestment plan while arguing the company was completely free of political interference.

• Wednesday, April 17th 2019 - 15:36 UTC

  Alan García dies after shooting himself before being arrested

  

  Perú’s former president, Alan García, died in a hospital on Wednesday at noon after shoting himself in the head when he was to be arrested by the police at his home in Lima.

• Tuesday, April 16th 2019 - 09:17 UTC

  Lima Group calls on the UN to prevent an escalation of Venezuela's humanitarian crisis

  

  The Lima Group made up of mostly Latin American countries called on the United Nations on Monday to “take action” to prevent an escalation of Venezuela's humanitarian crisis.