Latest Latin America
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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 ...
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Latin Americas Second Biggest Economy Posts Slim Growth in Q1
MEXICO CITY -- Amid a drop in industrial activity, Mexico's economy grew 0.8% in the first quarter compared to a year earlier, official figures showed Friday. The government had predicted a rise of 1% in the first three months of the year compared to the first quarter of 2012. Latin America's second biggest economy after Brazil also posted growth of 0.45% in the first three months of ...
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Pakistans MQM denounces Imran Khan in Karachi protest
1 of 2. Imran Khan, Pakistani cricketer-turned-politician and chairman of political party Pakistan Tehreek-e-Insaf (PTI), addresses his supporters after his visit to the mausoleum of Mohammad Ali Jinnah, founder and first governor-general of Pakistan, during an election campaign in Karachi May 7, ...
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Lopez unit Canadian firm to develop geothermal areas in Chile Peru
Energy Development Corp. (EDC), the country's largest geothermal resources firm, signed a joint-venture agreement with Canada-based Alterra Power Corp. for the joint development of four geothermal concession areas in Chile and Peru. In a disclosure to the Philippine Stock Exchange Monday, EDC said the joint-venture agreement covered the Mariposa project in Chile and three other prospective ...
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The Latest Images from Syria
This citizen journalism image provided by Qusair Lens shows Syrian rebels preparing to repel an attack by government forces, in Qusair, Homs province, Syria, May 19, ...
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Rebels Army Clash in Eastern DRC
Fresh fighting has erupted in the eastern Democratic Republic of Congo between the army and rebel group M23 -- the first clash between the sides in nearly six ...
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India China Pledge to Overcome Border Tensions
NEW DELHI -- The leaders of Asian giants India and China say they will take steps to build greater mutual trust a month after a tense dispute over their shared border. With words like friendship, peace and consensus, Indian Prime Minister Manmohan Singh and his Chinese counterpart, Li Keqiang, meeting in New Delhi, set out to move past the standoff that dominated headlines just weeks ago. ...
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Brazils da Silva wins Zambia Golf Open title
Brazilian Adilson da Silva claimed the Zambia Golf Open title with an overall 11-under-par score to become only the sixth golfer in the history of the championship to win the crown twice, the Times of Zambia reported on Monday.The Brazilian, winner of the Zambia Open in 2010, scored a modest 73-par but this was enough to win the title by one stroke after his two main competitors faltered as they ...
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6.8-magnitude quake strikes off Chile USGS
A 6.8-magnitude earthquake struck off the coast of Chile on Monday, the US Geological Survey said, with no immediate tsunami warning issued or reports of casualties or significant ...
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Nigeria says switching to foreign debt to lower costs
Nigeria will increase the amount it borrows overseas to around 40 percent of all debt over the next three to five years, from 12 percent currently, to lower its cost of funds, the head of the debt office said on Monday. DMO Director ...
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Iran electoral watchdog hints at Rafsanjani rejection
Iran 's electoral watchdog said on Monday it would bar physically feeble candidates from running for president, in an apparent hint that it could disqualify 78-year-old former ...
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Antonio Banderas to star in film about trapped Chilean miners
Band aid Antonio Banderas at a photocall in Cannes, where funding for a new film about the Chilean mining accident is being sought. Photograph: Eric ...
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Kerry to Mideast to press Syria peace talks
Secretary of State John Kerry is heading back to the Middle East this week to press his case for peace talks between Syrian rebels and President Bashar Assad's regime amid increasing signs the new U.S. strategy to halt the war is being undermined by Russia. Kerry departs Monday for discussions with the sultan of Oman. He then goes to Jordan to gather with 10 of America's closest ...
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Corinthians holds Santos to win Sao Paulo title
SAO PAULO - Corinthians won the Sao Paulo state championship for the 27th time and kept Santos from lifting the trophy for the fourth straight year after a 1-1 draw in the second leg on Sunday.Corinthians won 3-2 on aggregate to claim its first title since 2009. Led by young Brazil striker Neymar, Santos needed a victory at its Vila Belmiro Stadium to have a chance of retaining the title.Cicero ...
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South Korea North Korea fires short-range projectiles for 3rd day launch considered routine
South Korean men watch a TV news program reporting missile launch conducted by North Korea, at a Seoul train station in Seoul, South Korea, Monday, May 20, 2013. North Korea fired two more short-range projectiles into its own eastern waters Monday for a third straight day of such launches, Seoul officials said, as Pyongyang threatened to retaliate against what it calls South Korean and U.S. ...
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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