Latest Latin America
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NEMA to begin official flood assessments today
Full assessment teams will today begin the official inspection of the areas adversely impacted by the weather system that dumped record rain in New Providence, National Emergency Management Agency (NEMA) Director Stephen Russell said yesterday. Russell said NEMA has developed a coordinated approach to provide relief to the thousands of homeowners who were impacted by the severe thunderstorm ...
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Minnis criticizes PM over flood response
Free National Movement (FNM) Leader Dr. Hubert Minnis criticized Prime Minister Perry Christie and his government yesterday for not having a more proactive response to flood victims in New Providence. Minnis urged Christie to sign an exigency order to allow affected residents to import furniture and other items duty free. The Killarney MP said flood victims should also receive financial help ...
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Chipman questions reported delay in Rahming’s confirmation
Opposition Shadow Minister for Foreign Affairs Hubert Chipman yesterday called on the government to "come clean" over reports that the confirmation of Dr. Elliston Rahming as Bahamas Ambassador to the United States has stalled. "For weeks speculation has raged that [his] appointment was not acceptable to the United States," Chipman said in a statement. "In the ...
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Court denies bail after man ‘lied’ in affidavit
A court yesterday refused to give bail to a man who "lied" about his criminal history in an affidavit. Kenyon Ferguson was seeking bail pending appeal of his conviction for a drug possession offense. In the affidavit prepared by his lawyer, Geoffrey Farquharson, Ferguson claimed that he had no previous convictions. However, prosecutor Aaron Johnson debunked this assertion by ...
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Decision deferred in attempted robbery trial
The appellate court yesterday deferred its decision in the case of a man convicted of a failed hold-up. Jeremy Kemp, 25, was sentenced to 17 years and eight months for the December 13, 2010 attempted robbery of the Oakes Field branch of Kentucky Fried Chicken. Kemp's lawyer, Murrio Ducille, asked the court to quash the verdict and sentence. In contrast, Franklyn Williams, the deputy ...
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Entel looking at opportunities in Colombia
USD400 million, though the acquisition is not expected to be completed until Q3 this year. Buchi added that Entel would expand Nextel's offerings, which are currently focused primarily ...
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Third term begins for Ecuadors President Correa
FILE - In this Feb. 16, 2013 file photo, Ecuador's President Rafael Correa gives a thumbs up to supporters as he stands with the Emir of Qatar Sheikh Hamad bin Khalifa al-Thani, not in picture, on a balcony at the government palace in Quito, Ecuador. On Friday, May 24, 2013, Correa will begin his second presidential term after winning the Feb. 17 election. (AP Photo/Dolores Ochoa, ...
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Social Program Contributes to Reduced Infant Mortality in Brazil
Brasilia, May 24 (Prensa Latina) Research to review the impact of the Bolsa Familia program in Brazil reveals that this helped reduce the mortality rate among children under the age of five by 17 percent between 2004 and 2009. Data provided by the Minister of Social Development and the Fight aganinst Hunger, Tereza Campello, confirms that Bolsa Familia, which delivers 70 reales (33 dollars) to ...
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Marsh to Acquire Peru Insurance Advisor Rehder y Asociados
Global broker Marsh Inc. announced that it has reached a definitive agreement to acquire the Rehder y Asociados Group, an insurance advisor in Peru. Marsh said the "business includes the insurance broker Rehder y Asociados and employee health and benefits specialist Humanasalud." Terms of the transaction were not disclosed. Marsh said the acquisition, which is anticipated to close in ...
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Giant fuel depot blaze on northern outskirts of Rio de Janeiro kills one
RIO DE JANEIRO - One person was killed in a spectacular fire that broke out in a fuel depot on the northern edge of Rio de Janeiro and spread to nearby homes Thursday. Six giant fuel containers at the storage site caught fire, sending giant flames up to 50 meters high leaping into the air and columns of thick smoke far into the sky that could be seen kilometers away. The victim was a ...
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Emerging market flows update – Brazil=“Have Not”
PLND , quote ) a large underperformer in Global Emerging Markets (GEM) this year is seeing fresh allocation interest.The "have nots" continue to be laggards:Brazil ...
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Panamas indigenous people see Redd over UN forest conservation scheme | Jo Tuckman
A few years ago, Mario Degaiza worked in construction in City, where he learned Spanish and, for a while, was excited by the hustle and the bustle of urban life. But the 36-year-old Embera Indian says he is far happier now he has returned to his home village of Marraganti and the tropical forest that surrounds it."The forest is our mother," he says while tucking into a bowl of rice and ...
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Will new UK tax approach harm the Caribbean
Last week, Britain's Prime Minister, David Cameron, wrote to the leaders of all of the UK's Overseas Territories and Crown Dependencies*. The letter formed a part of the UK Government's attempt to have the leaders of all G8 nations - the grouping that brings together the world's wealthiest countries - agree a concrete action plan to tackle tax evasion and aggressive tax ...
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EMERGING MARKETS-Brazil stocks flat as OGX offsets Vale
* Concerns over Chinese economic growth, Fed stimulus weigh * Brazil Bovespa little changed, Mexico IPC falls 0.65 pct By Asher Levine SAO PAULO, May 24 (Reuters) - Brazilian stocks were little changed on Friday as concerns over weak economic growth in China weighed on shares of mining firm Vale, offsetting a gain in oil producer OGX. Mexico's IPC index edged towards its lowest closing level ...
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Reuters Summit Rating agencies alert to Argentina debt ruling souring economy
Beginning in June, Thomson Reuters News & Insight content will be available exclusively on WestlawNext, as part of its Practitioner Insights offering. On June 21, the Thomson Reuters News & Insight website, iPhone app and newsletters will be discontinued. ...
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Mexican stocks fall more than 1 percent on Fed worries
MEXICO CITY | Fri May 24, 2013 10:07am EDT MEXICO CITY May 24 (Reuters) - Mexico's IPC stock index fell more than 1 percent on Friday on continued worries about a winding down of the U.S. Federal Reserve Bank's bond-buying program. The index fell 1.05 percent to 40,091.41 points, with telecoms giant America Movil and bottler Femsa ...
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Peru funded illegal Amazon rainforest road claims Global Witness | David Hill
The illegal road running towards the Purus National Park which could connect the remote Purus region to the rest of Peru. Photograph: Courtesy of ...
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Whats Behind Venezuelas Toilet Paper Shortage
Venezuela's President Nicolas Maduro greets supporters during a May Day rally in Caracas May 1, 2013. (Carlos Garcia Rawlins/Reuters) Last month, Venezuela elected a president on the recommendation of Hugo Chavez. But as the problems the country faces loom larger, President Nicolas Maduro is finding his predecessor's one-man show a difficult act to follow. It was inevitable that ...
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Brazil bank lending rises 1.1 pct in April defaults stable
BRASILIA/SAO PAULO | Fri May 24, 2013 9:37am EDT BRASILIA/SAO PAULO May 24 (Reuters) - Outstanding loans in Brazil's banking system grew 1.1 percent in April from March, the central bank said on Friday. Loans in arrears for 90 days or more, an industry benchmark for delinquencies, remained unchanged at 5.5 percent of outstanding loans last month, the bank ...
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STXNEWS LATAM-BofA recommends Brazil property shares on uncertain policy
Fri May 24, 2013 8:52am EDT Investors ought to maintain exposure to Brazilian shares that help them hedge against policy uncertainty and inflation or pay high dividends, analysts at Bank of America Merrill Lynch said on Friday. A basket of so-called defensive stocks in sectors such as utilities and commercial property has outperformed the benchmark Bovespa stock index by 14.5 percent, despite ...
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Rosneft PDVSA to work together in Venezuela
Petroleos de Venezuela and Russian energy company Rosneft signed an agreement for a joint venture for Venezuelan operations. Venezuelan Oil ...
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Amazonian Ambition Rosneft signs another joint venture with Venezuela
Russia and the global economy Rosneft, the world's largest publicly traded oil company, is expanding its influence in Venezuela, via a subsidiary of the national oil company PDVSA. The two companies signed a joint venture agreement to develop a river basin in Venezuela. The agreement was signed between Rosneft President Igor Sechin and Venezuelan Oil Minister and President of PDVSA, ...
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Cannes Magic Magic Stars Juno Temple Michael Cera on Culture Shock in Chile
Temple credits Cera's friendship for helping her get through the emotional scenes in Sebastian Silva's psychological thriller, which screened in the Directors' Fortnight ...
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Brazils CPFL Renovveis revives IPO plans as market gains steam
SAO PAULO | Fri May 24, 2013 7:20am EDT SAO PAULO May 24 (Reuters) - CPFL Energias Renovveis SA, the alternative energy unit of Brazilian utility CPFL Energia SA , revived plans for an initial public offering, seven months after scrapping them on concern of growing government meddling in the electricity sector. The Sao Paulo-based company said late on Thursday it asked regulators to ...
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Brazil consumer confidence index falls in May - FGV
SAO PAULO | Fri May 24, 2013 7:17am EDT SAO PAULO May 24 (Reuters) - An index that measures consumer confidence in Brazil fell to a reding of 113.4 in May from 113.9 in April, research group Fundao Getulio Vargas said on ...
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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