Britain denounced Argentina for intimidation against the people of the Falkland Islands on Friday, after Buenos Aires announced legal action against companies conducting oil exploration in the disputed South Atlantic protectorate. Tensions between the two countries have increased approaching the thirtieth anniversary of the Argentine invasion in the Falklands, a conflict that killed 650 Argentines and 255 British soldiers. The dispute has been revived by the discovery of [...]
Venezuela’s President Hugo Chavez is sending fuel to Syria, a move that could undermine the impact of international sanctions against Damascus and prop up a government engaged in bloody clashes with civilian demonstrators. A shipment of low-sulfur diesel on board the tanker Black Hippolyta, Venezuelan flagged and operated by a subsidiary of Petroleos de Venezuela [...]
Peru is interested in buying 10 Super Tucano light attack aircraft to patrol its Amazon borders, the Brazilian Minister of Defense said Tuesday, opening a new market for Brazilian manufacturer Embraer in Latin America. The announcement was made by Defense Minister Celso Amorim in Brasilia after meeting with Peruvian counterpart Alberto Otarola to discuss the [...]
2012 Feb 16 | Posted in
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Recent diplomatic tension between Argentina and Britain over the Falkland Islands may affect growing bilateral trade which last year totaled 1.4 billion dollars, a new report indicates. Among Argentina’s 10 export markets under stress, the most significant is that of Great Britain, destination for 7.5 percent of Argentine sales to the European Union, says a [...]
2012 Feb 16 | Posted in
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Venezuela President Hugo Chavez threatened on Sunday to nationalize any private bank that fails to comply with local legislation setting standards for agricultural finance and other projects in the country. The leftist leader, who since 2008 has increased state involvement in the financial sector, has criticized banks repeatedly for their lack of support with agriculture [...]
Brazilian prosecutors are planning to file criminal charges against Chevron Corp within the next several weeks, adding the possibility of prison time to an $11 billion civil lawsuit for a November oil spill offshore. The federal court filing in Campos, Brazil, will probably include a criminal indictment of Chevron Brazil CEO George Buck and other staff, [...]
2012 Jan 28 | Posted in
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“There’s no doubt that with the growth of China, we’ve seen a re-commoditization of Latin America,” said Colombia’s Mining Minister Mauricio Cárdenas, an economist and former Director of the Latin America program at the Brookings Institution in Washington DC. In terms of economic development, Latin America did not take any advantage of the rising prices [...]
2012 Jan 17 | Posted in
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Venezuelan President Hugo Chavez announced on Sunday that his nation will not recognize any decision by a World Bank tribunal in a multibillion-dollar arbitration case against Exxon Mobil Corporation. Exxon has called Venezuela before the World Bank’s International Center for Settlement of Investment Disputes, or ICSID, demanding $12 billion in compensation for nationalization of the Cerro [...]
2012 Jan 10 | Posted in
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Venezuelan President Hugo Chavez claimed this week that China may replace the U.S. as Venezuela’s leading trade partner, thanks to a strategic alliance between those two nations. Chavez said that commerce between Venezuela and China has reached $20 billion this year, up from $600 million a decade ago, and is now growing by $2 billion [...]
Arrests of illegal migrants crossing the US-Mexico border have plunged to levels not seen since the early ’70s, according to tallies released by the US Department of Homeland Security, a major change which could affect the debate over immigration reform. The Border Patrol apprehended 327,577 illegal crossers in fiscal year 2011, numbers not seen since [...]
