Latest Latin America
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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 ...
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Syrian Opposition Meets on Proposed Peace Talks
The main Syrian opposition coalition is meeting in Istanbul for three days of talks that will include its potential involvement in proposed peace talks with the Syrian ...
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UN Chief Arrives in Goma After Renewed Fighting
United Nations Secretary General Ban Ki-moon has arrived in the eastern Democratic Republic Congo, where renewed clashes between rebels and army troops broke out this ...
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May 23 The PM’s P-tactics Prorogue and Peru – and other letters to the editor
Prime Minister Stephen Harper inspects an honour guard at Government Palace in Lima, Peru, on Wednesday, May 22, 2013. (Sean Kilpatrick/THE CANADIAN ...
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Brazil president says asylum offer to adulterous Iran woman is humanitarian gesture
The decision to give refuge to a convicted Iranian woman should be seen as a humanitarian act without political motives, said Brazilian President Luiz Inacio Lula da Silva. "I made the offer for humanitarianism, instead of politics," Xinhua quoted da Silva, as saying while referring to the case of Sakineh Mohammadi Ashtiani, 43, who has been convicted of adultery and sentenced to ...
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NU’s Dindin Santiago gets V-League first conference MVP plum
MANILA, Philippines -- National University’s Dindin Santiago was adjudged the Most Valuable Player of the Conference ahead of the best-of-three finals series on Thursdayin the 10th Shakey’s V-League First Conference. Santiago was also this conference’s Best Scorer while three more others from the Lady Bulldogs’ side were given individual awards. NU’s Myla Pablo ...
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Pakistan Blast Targets Security Personnel
Officials in southwest Pakistan say an explosion has ripped through a vehicle used by security forces, killing at least 12 people -- 11 security personnel and a civilian. Nearly two dozen people were wounded in the assault. Police officials say a remote controlled car bomb targeted a vehicle carrying police special forces in Quetta Thursday. Authorities say the bomb contained about 100 ...
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Twin Bomb Attacks in Niger Wound 13
Officials in Niger say a military base and a French-owned uranium mine were hit by separate bomb attacks early Thursday, wounding an unknown number of ...
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Kerry Continues Israeli-Palestinian Peace Push
U.S. Secretary of State John Kerry is holding another round of talks with Israeli and Palestinian leaders aimed at getting the two sides to restart their stalled peace ...
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Japan Shares Plunge 7 Following Negative Chinese Data
Japanese share prices Thursday experienced their worst one-day decline in two years, following the release of unexpectedly negative Chinese manufacturing ...
Buenos Aires Now
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Car manufacturing looking up for Buenos Aires
The financial crisis has been hard on Buenos Aires, but recent announcements by Ford and VW seem to herald a change in the city’s fortunes.
The financial crisis has hit cities and countries hard around the world, Buenos Aires and Argentina included. Unemployment is up by record amounts, the government, like governments across the globe, is struggling to contain a budget deficit, and international trade, on which the country so heavily relies, is down by double-digit amounts. Read more
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