Latest Latin America
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Egyptian Political Leader Expresses Support for Bolivarian Venezuela
Cairo, May 20 (Prensa Latina) The leader of the Popular Egyptian Current Party (Nasserist), Hamdeen Sabahi, expressed his support for the Bolivarian Government of President Nicolas Maduro, during an interview with the Venezuelan ambassador here, Juan Antonio Hernandez. Former presidential candidate Sabahi said he was satisfied with the meeting and expressed his solidarity with the Government and ...
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Canadian missing for nearly two weeks in Mexico
PUERTO VALLARTA, Mexico -- Mexican media are reporting that a Canadian and an American have gone missing from the resort city of Puerto Vallarta. The online newspaper Noticias PV says Diego Hernandez, a Canadian martial arts instructor, and his friend Craig Silva vanished on May 8. The paper says Puerto Vallarta's director of public safety, Silvestre Chavez, didn't learn of the ...
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China Still Hurting Caterpillar As Sales In Asia Fall Hard Latin America Thrives
Caterpillar sales came in weak over the past few months - Photo credit: Wikipedia Despite an improvement in the U.S., the global economy is still trying to get off the ground, ...
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REUTERS SUMMIT-Colombia pins energy hopes on shale oil discoveries
Mon May 20, 2013 12:26pm EDT * For other news from Reuters Latin America Investment Summit, click here * Oil reserves at 6.9 years, but increasing slightly * End of war with FARC would help oil industry * Foreign investment falling from record By Helen Murphy and Luis Jaime Acosta BOGOTA, May 20 (Reuters) - With Colombia's oil reserves stretching to less than seven years, its biggest ...
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Panel Solicits Applicants For New Mexico Insurance Regulator
Former State Insurance Superintendent Chris Krahling has been named to a panel that will select New Mexico’s top insurance regulator. A nine-member committee will select the next superintendent of insurance, who starting in July will be in charge of an independent office regulating insurance rates and policies. The committee meets Tuesday in Albuquerque, and is accepting applications for ...
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Former Pakistani Ruler Musharraf Granted Bail
ISLAMABAD, PAKISTAN -- A Pakistani court on Monday granted bail to former army chief and president Pervez Musharraf who has been under house arrest on charges of failing to provide adequate security for former prime minister Benazir Bhutto before her 2007 assassination. Musharraf, who took power in a 1999 coup, returned to Pakistan in March to contest a May 11 general election after nearly ...
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Chinese Incinerators Spark Public Protests
Protests against incinerators have taken place in China over the past few years. This 2009 protest was against a planned large garbage incinerator in Guangzhou, ...
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Chinese Premier in India Discusses Borders Trade
Indian Prime Minister Manmohan Singh and his visiting Chinese counterpart have agreed to resolve a border dispute and other tensions, as Premier Li Keqiang continues his first trip abroad since taking ...
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Shakespeares sonnets come to life in new app
By Natasha BakerTORONTO (Reuters) - A new app launched on Monday aims to bring William Shakespeare's sonnets to the masses with the help of short films starring stage actors performing them in front of New York landmarks.The Sonnet Project is a free app for the iPhone and iPad that showcases the bard's poetry through films of up to two minutes and performances by Tony-Award winning ...
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Venezuela taking steps to revive diplomatic ties
CARACAS // Venezuela has made a rare diplomatic overture to the United States, suggesting it could be time for better ties. The designation of an acting head of Venezuela's diplomatic mission in the US shows the Opec nation's desire to restore full diplomatic relations, the foreign minister said on Sunday. Disputes between Caracas and Washington were common during the 14-year rule of ...
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Mexico stocks fall to 6-month low growth worries weigh
MEXICO CITY | Mon May 20, 2013 11:44am EDT MEXICO CITY May 20 (Reuters) - Mexican stocks fell to a six month low on Monday, hurt by concerns about slower than expected growth in Latin America's second biggest economy. The IPC stock index slumped 1.24 percent to trade at 41,286 points, its lowest since ...
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The Historic Conviction of US-Supported Guatemalan Strongman Rios Montt And What Comes Next
Allan Nairn , on the historic conviction of US supported Guatemalan Strongman, Rios Montt, for Crimes Against Humanity and Genocide, and the continuing legal battle to sustain the verdict, and expand the genocide investigation for indigenous justice in Guatemala. In a historic decision, Guatemalan strongman, and close US ally, General Efrain Rios Montt, was convicted by a Guatemalan court, ...
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Mexicos Urbi defaults on interest payment
MEXICO CITY | Mon May 20, 2013 11:41am EDT MEXICO CITY May 20 (Reuters) - Mexico's third-largest homebuilder, Urbi Desarrollos, on Monday said it will not meet a $6.4 million interest payment due since last month. The company had previously sought a 30-day grace period to make the payment on its 2016 bonds, but that expired on May 19. Urbi, which is already facing lawsuits for ...
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CORRECTED-REUTERS SUMMIT-Mexico will see bank reform impact in 2-3 years Banortes Ortiz
Mon May 20, 2013 11:40am EDT (Corrects attribution of quote in 8th paragraph to President Enrique Pena Nieto Mexican, not Guillermo Ortiz) By Tomas Sarmiento and Krista Hughes MEXICO CITY May 20 (Reuters) - Mexico's banking reform will take two or three years to have an impact on credit and access to financial services, said the chairman of Mexico's largest locally-owned bank, Grupo ...
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Russia Peru to Sign MiG-29 Jet Upgrade Deal
Russia and Peru will sign a contract to upgrade Lima's fleet of Mikoyan MiG-29 Fulcrum fighters by the end of May, Konstantin Biryulin, deputy head of Russia’s Federal Military-Technical Cooperation Service, said on Monday. Belarus sold around twenty of the fighter jets to Peru in 1997. According to defenseindustrydaily.com, Peru signed a contract in 2008 for Russia's UAC MiG to ...
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A.M. Best Special Report Latin America Insurance Regulators Evolve With Growing Changing Markets
OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has released a special report on the Latin American insurance market. This report briefly describes the insurance and reinsurance markets in Latin America, and some of the reasons for recent growth in these markets. The report also summarizes governmental oversight of insurance and reinsurance in each Latin American country. Latin America, ...
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Chile Flows CLP under pressure after soft GDP print
Despite a globally weaker dollar, CLP is under pressure and re-testing the 481/2 zone as the weaker Chile GDP figure (+4.1% y/y vs 4.5% y/y) provided evidence of a faster than expected activity slowdown and prompted the market to cement views about a 25bps rate cut in the next 3 months. IRS rates are 4-5bps tighter in the 9m-2yr zone, with 1yr @ 4.59%. With locals on holiday tomorrow, CLP bias ...
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EMERGING MARKETS-Brazil stocks sink following weak earnings
* Brazilian companies posted avg 12.3 pct drop in Q1 income * Expiration of share options leaves Bovespa volatile * Brazil Bovespa falls 0.76 pct, Mexico IPC down 0.38 pct By Danielle Assalve SAO PAULO, May 20 (Reuters) - Brazilian stocks dropped on Monday as investors reevaluated their positions in local shares following a disappointing first-quarter earnings season. Mexico's IPC index ...
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Edouard Glissants Work to be Discussed in Cuba
Havana, May 20 (Prensa Latina) The work of Martinican writer Edouard Glissant (1928-2012) will be discussed today at the International Colloquium "Cultural Diversity in the Caribbean", attended by a large delegation of intellectuals from the region. The meeting, sponsored by the Casa de las Americas, is being attended by artists, writers and intellectuals from Aruba, Haiti, Dominican ...
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Missing B.C. man feared kidnapped in Mexico
METRO VANCOUVER -- The family of a Coquitlam man who went missing in Mexico is desperately seeking information about what they now believe is a ...
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Costa Rican paper alleges Canadian was victim of a hit
Brad Deering (Facebook photo) A Costa Rican newspaper says a Canadian man who was killed in that country last week was the victim of a targeted attack. The Costa Rican Times says Brad Deering, a 42-year-old native of Vancouver, B.C. and a Costa Rican resident, was killed Thursday by three gunmen who police believe were attempting to rob his home in a gated community in San Jose. The paper says ...
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Lens Blog Vlad Sokhins Photos of Haitis Child Servants
Twelve-year-old Judeline crouches at the feet of a much younger girl, lifting high a makeup kit so the little girl, Boubou, can apply a colored pencil to her brow. Boubou studies herself intently in the kit's mirror; Judeline, hidden to her, stares at us with a look that seems both humiliated and beseeching. Taken by the photographer Vlad Sokhin for a series called "Restavek: Child ...
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Want to retire on the beach Mexico talks of liberalizing land sales
Supporters say the change could help Mexico compete with Central America for US retirees seeking spots in the sun. But could it hurt Mexican access to prime real ...
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China Resumes Cyber Attacks on US Firm Says
A U.S. computer security firm says the Chinese military has resumed cyber attacks on American companies after a hiatus. Mandiant, which accused China of cyber attacks in a February report, says a Chinese army unit recently broke into the computer systems of more than 100 companies to steal trade secrets. It says the attacks started again just days after Chinese officials told Secretary of ...
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Rumors Spark Bank Run Break-Ins in Brazil
Rumors that Brazil's social security fund called Bolsa Familia was to be cancelled led thousands of people to rush to withdraw money from a Brazilian bank over the weekend. Customers lined up at ATMs at dozens of bank branches of Caixa Economica Federal, a government-owned bank, which pays the social security subsidy on Saturday and Sunday. "The bank branches themselves aren't ...
Latin America Focus
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Latin American unity plagued by tensions
Division and suspicion seem the order of the day in Latin America at present, negating any optimism that the countries of the region may one day move toward a regional integration model based on that of the EU.
Latin America has seen itself become heavily divided over the issue of whether to readmit Honduras to the Organization of American States (OAS) after the 2009 coup, with all the Central American states accepting the new government while big regional players like Brazil and Mexico insist that more must be done before they’ll recognize it. Meanwhile, President Alan Garcia of Peru has told Latin America news providers that there is a quiet arms race occurring in the region. In all, it seems that regional integration along the same lines as the EU remains a long way off at present. Read more
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