Latest Latin America
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Mexican stocks fall to nearly 8-mo low hit key support
MEXICO CITY | Thu May 23, 2013 9:44am EDT MEXICO CITY May 23 (Reuters) - Mexican stocks fell sharply on Thursday, sinking for the fourth session in a row, hurt by concerns that the U.S. Federal Reserve could scale back its stimulus that has fed demand for riskier assets around the world. The IPC stock index shed as much as 1.62 percent to 39,468 points, hitting near a key support that ...
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SABMiller Warns on U.S. Latin America
LONDON--SABMiller PLC (SAB.LN, SAB.JO) warned weaker demand for lager in the U.S. and volatile markets in Latin America are putting pressure on its beer sales, echoing comments from other major brewers about the industry's prospects. The warning came Thursday as the London and Johannesburg-based brewer reported a rise in sales for the year to March 31, underpinned by its expansion in ...
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Real Media Group Launches Acceso the First Premium Digital Advertising Marketplace for Spain and Latin America
24/7 Media , announced today the launch of their premium marketplace across Spain and Latin America consisting exclusively of hundreds of millions of impressions on well-known websites. The first marketplace to provide advertisers with a unique opportunity to reach Spanish language audiences in these ...
More Latin America
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First-time jobless claims drop by 23000
The U.S. Labor Department said first-time jobless benefits claims dropped by 23,000 to 340,000 in the week that ended Saturday. The department revised last week's estimate from 360,000 to 363,000, meaning the prior week's gain in initial claims filed came to 35,000, not 32,000. The four-week rolling average for the week fell by 500 to 339,500. The largest increases in initial claims ...
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REUTERS SUMMIT-Colombia to tweak tax rules hunt foreign investors
Thu May 23, 2013 9:21am EDT * Foreign participation in TES market is about 4.5 pct * Gov't hopes tax clarification will boost foreign interest * Official hopes Colombia reaches levels closer to Peru, Mexico By Helen Murphy and Nelson Bocanegra BOGOTA, May 23 (Reuters) - Colombia hopes to attract more foreign money to its local bond market when it clarifies the text of a recent tax reform ...
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Argentina to further limit access to dollars-source
BUENOS AIRES | Thu May 23, 2013 9:16am EDT BUENOS AIRES May 23 (Reuters) - Argentines will face a higher barrier to buying dollars under a new government policy limiting the amount of greenbacks they can withdraw using credit cards overseas, a government source with knowledge of the policy told Reuters on Thursday. Double-digit inflation and lack of confidence in the government's ...
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Amnesty Growing Danger for Refugees
Amnesty International says the world is growing more dangerous for refugees and migrants. The organization’s annual report says the rights of millions of people who have escaped conflict and persecution -- or migrated to seek work and a better life -- have been abused. to De Capua report on Amnesty International 2013 findings Amnesty says, "Another year has been lost for ...
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Terror Attack in London
A police officer carries an evidence bag containing a knife near the scene of the killing of a British soldier in Woolwich, London, May 23, ...
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Argentina Repsol struggle to bridge gap over YPF compensation
, there seems little prospect of a quick deal on compensation despite signs that both sides would rather avoid a costly, drawn-out legal battle.The Latin American country's lack of funds and its limits on the control private firms have over their investments - which could deter Repsol from accepting other assets in any settlement - pose major obstacles to a deal, according to ...
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PT Q1 profit down 52 on Brazil forex impact
EUR634 .4 million, down 6.8% year-on-year, reflecting Portugal's challenging economic conditions and pricing pressure, as well as lower interconnection revenues among other factors. Brazilian telco Oi generated turnover ...
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Jamaica branch of Cuba-Venezuela cable goes live
ALBA -1 submarine cable, which connects the island with Venezuela, according to Doug Madory of internet analysis firm Renesys. Madory told The Associated Press that he detected new traffic between state-owned telecoms monopoly Empresa de Telecomunicaciones de Cuba (ETECSA) and Cable & Wireless Jamaica beginning 13 May 2013. 'They’re gaining some physical diversity there, so if ...
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Venezuela Suffers Through Toilet Paper Shortage
Venezuela is rich in oil, but relies on imports for many basic goods -- including toothpaste, soap and toilet paper. For weeks now the country has had a chronic toilet paper shortage. Lawmakers voted to approve a $79 million credit to the government to resolve the ...
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Archaeologists uncover nearly 5000 cave paintings in Burgos Mexico
The 4,926 paintings were discovered in 11 different sites and are thought to have been created by at least three groups of hunter gatherers. In one cave more than 1,550 images were found, including an image of an atlatl, a Hispanic weapon used for hunting that has not been seen before in paintings in the Tamaulipas region. The archaeologists have been unable to date the paintings, but hope to ...
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Five thousand cave paintings discovered in Mexico
The 4,926 paintings were discovered in 11 different sites and are thought to have been created by at least three groups of hunter gatherers. In one cave more than 1,550 images were found, including an image of an atlatl, a Hispanic weapon used for hunting that has not been seen before in paintings in the Tamaulipas region. The archaeologists have been unable to date the paintings, but hope to ...
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Chinese vice premier meets Costa Ricas National Liberation Party delegation
Chinese Vice Premier Zhang Gaoli on Thursday met with Bernal Jimenez, president of Costa Rica's National Liberation Party (NLP).Zhang reviewed the rapid growth of China-Costa Rica relations since the two countries forged diplomatic ties in 2007, citing frequent high-level exchanges, strengthened political trust and fruitful cooperation in multiple fields.Zhang said China would like to work ...
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NII Holdings Announces Corporate Governance Changes
NII Holdings , Inc. (NASDAQ: NIHD), a provider of differentiated mobile communications services operating under the Nextel brand in Latin America, announced today that its Board of Directors has approved changes pertaining to its corporate governance at meetings held in conjunction with its annual meeting of stockholders in Mexico City on May 22, 2013. ...
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Dominican Republic busts network possibly linked to foreign terrorists
Santo Domingo.- The National Investigations Department (DNI) arrested members of a people trafficking network with possible links to international terrorist cells, who used Dominican Republic as a bridge from Cuba, France, Spain, Sri Lanka and Haiti. DNI chief operating officer Fidel Paulino identified the Sri Lankan- Canadian Karunanithy Nallathamby as the group's leader, arrested in ...
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Retail sales recover in Mexico
In Brazil, inflation eased slightly in mid-May, although slightly less than we expected, and the current account widened to 3% of GDP. In spite of the moderation in inflation, the hardening tone of the BCB leads us to expect the Selic rate to rise by a total of 125bp by end-August. Meanwhile, in Mexico, retail sales recovered slightly in March. Today markets will focus on unemployment figures in ...
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Venezuela toilet paper shortage sends ordinary lives around the bend
Venezuelans queue in Caracas to buy toilet paper. Last week the government announced an emergency shipment to boost supplies. Photograph: Jorge ...
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UPDATE 1-Brazil to hold oil auction in October one month early
Thu May 23, 2013 7:50am EDT * Production-sharing auction to be 1st under 2010 law * Sale to offer some of most promising offshore areas * Govt to include giant Libra prospect in sale RIO DE JANEIRO, May 23 (Reuters) - Brazil plans to hold an auction for rights to explore some of its most promising offshore oil and natural gas areas in October, one month earlier than expected. The government will ...
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STXNEWS LATAM-Brazils OSX fires 300 in restructuring -report
Thu May 23, 2013 7:48am EDT OSX Brasil SA, the shipyard and ship leasing company controlled by Brazilian billionaire Eike Batista, fired 300 employees as part of an effort to cut costs, O Estado de S. Paulo said on Thursday. According to Estado, which did not cite anyone as the source for the information, the company decided to slow down construction of a shipyard until receiving new orders. The ...
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Northern Ireland healthcare firm lands business in Brazil
Arlene Foster attended South America's largest healthcare exhibition.The company currently employs around 110 people and exports to 55 countries including the ...
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Capstone Companies Expands Eco-i-Lite International Presence in Latin America and Taiwan
DEERFIELD BEACH, Fla., May 23, 2013 (GLOBE NEWSWIRE) -- Capstone Companies, Inc. ( ), a leader in the design and manufacture of specialty power failure lighting solutions and innovator of consumer safety and security products for the Hospitality, Retail and Institutional channels, announced today that it has received a significant Eco-i-Lite order from the Company's Latin American ...
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UAE President and Vice President Congratulate Argentina and Eritrea on National Day
May 23, 2013 - 02:22 - WAM ABU DHABI, May 23th, 2013 (WAM)-- Congratulatory cables were sent today by President His Highness Sheikh Khalifa bin Zayed Al Nahyan to the President of Argentina, Cristina Fernandez de Kirchner, and to the President of Eritrea, Isaias Afewerki, on the occasion of their respective countries' National ...
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British PM Seeks Answers to Terrorist Attack
British Prime Minister David Cameron was meeting Thursday with his top security advisers, one day after a man was butchered to death in broad daylight on a south London street near an army ...
Jamaica Featured
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Jamaica comes under foreign media's microscope
Jamaica is a country used to reductionism, the complex island nation has more often than not been reduced to a stereotype of marijuana-infused surfers that say “chill mun” and listen to reggae. Perhaps this is why the recent drug-related violence in the capital has shocked the western media so much, perhaps this is why it has been glorified and dramatized to the extent it has, or perhaps it’s a reflection of the same forces that shaped the beach-stoner stereotype in the first place.
There is more to Jamaica than beaches, Reggae and a ‘chilled’ island lifestyle. Jamaica is not a little island of just a few hundred people living in huts on a white, sandy beach. It’s an island nation of 2.8 million people and it has a history of brutal slavery and colonialism, the legacy of which is still being redressed, like any developing nation it has a number of social ills and many of the population work hard for little pay and live in less than desirable conditions. Read more
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