SAO PAULO, Oct 23 (Reuters) – Argentina’s stocks, bonds and currency jumped on Monday as investors bet a strong electoral performance from President Mauricio Macri’s coalition could boost his reform agenda. While “Let’s Change” will remain a minority in the lower house of Congress and the Senate, as expected, its defeat of populist former President Cristina Fernandez in the Senate… Read more »
It is interesting to see how South America’s economy while, for the most part the rest of the world is really struggling. South America’s economy has taken a upward turn because of its advances in mining, construction, and fuel distribution. Two countries in South America are doing exceptionally well. Brazil and Argentina have both increased stock in their own countries,… Read more »
HOUSTON/RIO DE JANEIRO, Oct 26 (Reuters) – Brazil and Mexico are competing for a diminishing resource: the investment dollars of oil majors beating a retreat from the big-ticket offshore projects they once coveted. After two waves of resource nationalism that left few openings in Latin America for energy giants such as Exxon Mobil Corp, Royal Dutch Shell Plc and Total… Read more »
BUENOS AIRES, Oct 26 (Reuters) – Investors who bought up Argentine warrants linked to economic growth, hoping to profit from a long-awaited recovery, should not count their winnings just yet. President Mauricio Macri’s debt-laden government has a tough choice to make on how the payout from the bonds is calculated, economists say, and could potentially slash it to practically zero…. Read more »
VENEZUELANS already struggling to find food, medicine and other basic necessities have a new shortage to worry about: cash.Troubling shortfalls of Venezuelan bolivars are forcing many in this distressed South American nation to form long lines outside banks several times a week to withdraw what little cash is available.Others are resorting to bartering goods and services to skirt cash transactions.“As… Read more »
Two top Venezuelan officials struck a somber tone Wednesday when discussing President Hugo Chavez’s cancer surgery. The Venezuelan leader faces a “complex and difficult” recovery, Vice President Nicolas Maduro said on national television. In an emotional address, he asked Venezuelans to remain united and pray for Chavez, who had surgery Tuesday in Cuba. Later, the information minister said Venezuelans “should be prepared to… Read more »
The UN has called for investigation into a prison riot in Mexico that left more than a dozen people dead.The death toll rose to 17 on Wednesday night following clashes inside Cadereyta jail in Nuevo Leon state earlier in the week.The UN cited other recent prison revolts as a reason for a “complete and exhaustive” report . State authorities said… Read more »
The trade talks between Mexico and the United States are coming up, and tensions are rising especially in Mexico. These tensions are derived from the fact that Trump has threatened to scrap the deal of free trade between Mexico and the United States. His claim is that the United States does not benefit from the trade deal, and needs to… Read more »
The Cocaine problem in Colombia has not gone away. Recent threats by President Trump questioning the ability and motivation behind Colombia’s preventive measures to stopping it have caused the country to go into a panic. Colombia has began to offer subsidies of 8,000 dollars for farmers to tear up the coca plant, and promise not to grow Cocaine.However, experts in… Read more »
It is important to note the history before jumping into the conflict in Venezuela. Venezuela is neighboring Colombia, a country that has not always been perfect in the past as well. Colombia had many right wing, and leftist groups rise and had major conflicts. So, when these conflicts were happening many fled to Venezuela because of the boom in economy… Read more »