Latest Latin America
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Brazil may use accounting gimmick to boost revenue-report
SAO PAULO | Tue May 21, 2013 8:35am EDT SAO PAULO May 21 (Reuters) - The Brazilian government could use an accounting gimmick to boost revenue and meet fiscal targets for this year, O Estado de S. Paulo reported on Tuesday, citing an executive decree. The decree, which was published this week in the government gazette, authorizes the government to bring forward about $15 billion from ...
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GP Investments Buys Stake in Switzerland’s Apen
emerging markets . The deal makes GP the biggest shareholder in Zug, Switzerland-based Apen and gives it control of the firm's management, the fund said today in an e-mailed statement. Newbury Partners LLC ...
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No Argentina is not a cautionary tale for the eurozone | Nikos Chrysoloras
A true giant of modern thought, Ludwig Wittgenstein believed that all problems in philosophy arise from the misguided use of language. Although this opinion, put forward in his early writings, seems far-fetched nowadays, Wittgenstein had a point.Since the start of the sovereign debt crisis, two false analogies have prevailed in the public dialogue regarding Europe: the first draws parallels ...
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Brazils CSN could see Asian partners exit Namisa unit -report
Tue May 21, 2013 8:06am EDT * Asian partners could exercise put option this July * JFE, Kobe, Posco-led group paid $3.1 bln for stake * CSN declines to comment on Valor report on Namisa SAO PAULO, May 21 (Reuters) - A group of Asian steelmakers that owns 40 percent of Brazilian iron ore producer Namisa could exercise an option to sell their stake to majority shareholder CSN as early as July, ...
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Telefonica MasterCard to launch first mobile money service in Brazil
Online journal MobilePaymentsToday reports that Telefonica (Vivo), the fixed and mobile operator owned by Telefonica of Spain, has established a Brazilian joint venture with MasterCard Worldwide to launch Brazil’s first mobile payment service. Dubbed 'Zuum', the new service will launch in five cities in the state of Sao Paulo and in Belo Horizonte, Minas Gerais. It will be ...
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Twins conjoined at the liver separated in Peru – video
Two baby girls who shared a liver have been separated by doctors in Lima, Peru. The three-month-olds are recovering a month after the surgery, which took more than 30 medical staff eight hours to complete. Orfelinda Vasquez Sanchez and Segundo Vargas Fuentes are expected to recover fully but will need monitoring throughout their ...
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Guatemala overturns historic genocide conviction
Guatemala's Constitutional Court on Monday overturned the recent conviction and sentencing of former military ruler Efrain Rios Montt for genocide and crimes against humanity. "This ruling is a devastating blow for the victims of the serious human rights violations committed during the conflict," said Sebastian Elgueta, Amnesty International's researcher on Guatemala. ...
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DHX Media Announces Broadcast Digital and Home Entertainment Deals in Latin America
May 21, 2013 /CNW/ - DHX Media Ltd. (TSX: DHX), a leading independent creator, producer, distributor and licensor of mainly children's entertainment content has signed key broadcast, digital and home entertainment deals in Latin America, highlighting the appeal of DHX Media's children's entertainment content across viewing platforms, cultures and over ...
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Guatemalan generals war crime conviction sentence overturned
Constitutional Court , the highest court in Guatemala, voided the genocide conviction and prison term of former dictator Gen. Efrain Rios Montt. Observers said the decision Monday was a major defeat for human rights advocates who had called Rios Montt's conviction earlier this month evidence that the courts would no longer allow Guatemala's powerful to act with impunity, The New York ...
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Five funds for Latin American exposure
for the reasons specified here ) you need to be able to be prepared to take on a serious level of risk and be patient with your portfolio. But if, to an extent, you want to reduce these risks - and the associated costs - there are some good options in the market. The least risky way to do it (although it's still pretty high risk) is by investing in a broader emerging markets fund with a ...
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GDP growth in Chile came out at 4.1 for 1Q13
GDP growth in Chile came out at 4.1% for 1Q13, below expectations, but domestic demand is still growing very strongly. Meanwhile, the trade balance in Colombia for 1Q13 deteriorated sharply YoY, to a great extent due to the temporary negative supply shock in the mining sector. Today will be a quiet day in Latam, with no major indicators expected to be ...
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Seven Muslims Charged for Killing Buddhist Monk in Burma
A court in Burma has convicted seven Muslims for the killing of a Buddhist monk during deadly sectarian riots in a central town earlier this ...
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Wave of Violence Continues in Iraq
New attacks in three Iraqi cities have killed at least seven people and wounded more than 60 others. Officials say a suicide bombing followed by clashes between militants and Iraqi troops left three soldiers dead Tuesday in Tarmiyah, north of the capital, Baghdad. Farther north, two car bombs exploded in Tuz Khormato, killing three people, while car bombs in Kirkuk killed at least one ...
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Chile worlds third largest mining investment destination report
Chile is the world's third largest mining investment destination, said a report.Chile trails only Canada and Australia in attracting mining investment, according to a report release by the state-owned Chilean Copper Commission on Monday.Mining Minister Hernan de Solminihac said he was aware of the challenges from developed mining countries in areas of skilled laborers and business ...
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PMs South America trip turns focus from turmoil to trade
Prime Minister Stephen Harper heads to Peru and then to Colombia for trade talks this week - after he speaks to his caucus about a growing Senate expense scandal that claimed his chief of staff over the weekend. (Adrian Wyld/Canadian ...
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Guatemalan court overturns Montts genocide conviction
A genocide conviction against former Guatemalan military leader Efrain Rios Montt has been overturned by the country’s highest court. The 86-year-old was found guilty earlier this month of overseeing the killings of at least 1,771 members of the Ixil Maya ethnic group during his rule in the early 1980s. He was given an 80 year jail sentence. Now the Constitutional Court has ordered that ...
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Attacks Kill 7 in Iraq
Officials say a suicide bombing followed by clashes between militants and Iraqi troops left three soldiers dead Tuesday in Tarmiyah, north of the capital, Baghdad. Farther north, two car bombs exploded in Tuz Khormato, killing three people, while car bombs in Kirkuk killed at least one person. Both cities are in an area that Iraq's Kurds want to incorporate into their autonomous ...
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Guatemala ex-ruler conviction overturned
The genocide conviction against former dictator Jose Efrain Rios Montt has been overturned by Guatemala's Constitutional Court, which ordered the case to be retried.The high court said the trial should be rewound to where it stood on April 19, when the case was temporarily suspended by a dispute in the judicial branch over which judges had jurisdiction.Rios Montt was convicted on May 10 of ...
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Chinese Premier Seeks Stronger Economic Ties with India
In a speech to business leaders on a visit to New Delhi Tuesday, Chinese Premier Li Keqiang said that strengthening economic cooperation will lead to growth in both countries. On Monday, Indian Prime Minister Manmohan Singh and Mr. Li agreed to resolve a border dispute and other tensions. Mr. Singh said both sides must work to strengthen trust and confidence to create better cooperation. ...
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Guatemala court strikes down ex-dictators genocide conviction
Martn Guzmn, secretary general of Guatemala's Constitutional Court, announces the annulment of a genocide conviction against former dictator Efran Ros Montt during a press conference in Guatemala City on Monday. Johan ...
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Chile GDP grows less as mining investments slows
The country's' economy grew less than analysts expected in Q1 as an investment boom in the world's largest copper producer began to ...
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Fla. Gov. visit to Chile marks 8th overseas trip
TALLAHASSEE, Fla. -- Florida Gov. Rick Scott is leaving the country for his eighth overseas trade-related trip in the last two-and-half years.The governor left late Monday for a trip to Chile in South America. He has previously visited far-flung places such as Brazil, Spain, Israel, and England. He heads to Paris next month.Scott has already taken more trips than former Gov. Charlie Crist. ...
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Small and Large Steps towards Equality for Gays in Cuba
CIEGO DE VILA, Cuba , May 20 2013 (IPS) - The lesbian, gay, bisexual, and transgender community in Cuba has won advances on issues like the change of name of pre-operative transgender persons, while they continue to fight for the right to same-sex civil ...
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Brazil Lagging in Fight against Human Trafficking
RIO DE JANEIRO, May 20 2013 (IPS) - In contravention of international law, in Brazil trafficking in human beings remains invisible and unpunished, which encourages the practice of trafficking for sexual exploitation, forced labour, illegal adoption and the trade in human organs, according to ...
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Give Colombias Long-Overdue Peace a Chance
Continued dissatisfaction with the Colombian peace process may impact the final outcome of next year's presidential elections. The stumbling talks may also come to represent yet another missed opportunity to end decades of conflict between the state and FARC rebels, or so warns Robert Valencia. By Robert Valencia for World Policy ...
Brazil Focus
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Brazil fighting the good fight?
Brazil’s recent victory in a trade dispute with the US, which was resolved through the WTO is a victory, not just for the biggest economy in South America, but also for developing nations around the world, showing that the mechanisms of the WTO can be used to further their interests – although it will take years of fighting and unrelenting effort…
Brazil’s ongoing dispute with the United States over the subsidizing of cotton for producers in the US, looks like it may soon be resolved, as Brazil recently indicated it would hold off on slapping a range of 102 US goods with sanctions, if the US agreed to certain measures put forth by the South American country. Read more
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