The governments of Venezuela and Colombia are making progress in a legal framework to lay the institutional foundations for bilateral trade in view of looming Venezuela’s withdrawal from the Andean Community (CAN). Read Article
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Peru’s benchmark stock index .IGRA fell more than 3 percent on Monday after left-wing nationalist Ollanta Humala won the first round of Peru’s presidential election. The currency only weakened slightly. Read Article
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Codisa and Radiográfica Costarricense (Racsa) signed a partnership to create the first private cloud in the country. That is, a space reserved within the world cloud where public and private entities can store information with a greater degree of security and access to specialized computer systems. Read Article
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Executives at state-owned Efe Thursday ANCAP Told That Had the company discovered the first traces of oil in Uruguay, a country That depends on imported crude for 60 Percent of ITS energy. “For the first time in Uruguay’s history, free oil has-been found in small Proportions, emanating from the bedrock,” Juan Gomez, member of ANCAP’s […]
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Mexico’s giant Cananea copper mine production increased to 90% capacity after three years of paralysis due to a strike that ended in 2010, said Wednesday the Southern Copper mining. The advance left the mine, renamed Buenavista del Cobre, near its goal of achieving full production in April. Read Article
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The House of Representatives approved Tuesday a bill that authorizes the federal government, through the Banco Nacional de Desenvolvimento Economico e Social (BNDES) to finance up to $ 20 billion high-speed rail linking Rio de Janeiro and Sao Paul. The bill passed with votes from the ruling group, which imposed most of the opposition and […]
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The plan for a new 306 kilometer road between Chaparé’s Villa Tunari (Cochabamba) and San Ignacio de Moxos (Beni) near Trinidad has been approved. The new road will be financed by a $332 million dollar, 15 year loan from Brazil’s National Development Bank (BNDES) and Bolivia will provide $83 million dollars of financing. Read Article
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Ecuador’s prospective tenth licensing round that will tender oil blocks in the southeast Amazon jungle is shaping up to be a battle between the government and local indigenous peoples, NGO Amazon Watch’s Ecuador program coordinator, Kevin Koenig, told BNamericas. Read Article
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State Fisheries Act is so important to the state of Oaxaca and the development of this activity, for which there was a town hall forum where they touch the critical points of this law that must govern the state of Oaxaca. Barenca Rubén Hernández, a fisheries technician, said one of the objectives of the Fisheries […]
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A 31 old man was apparently decapitated while working at the Maxima factory in Surquillo. The accident is under investigation According to initial reports, the subject was driving a forklift at the time of accident. Read Article
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“The pipeline will carry gas to Bolivia and seven provinces in Argentina, but we who live in Campo Durán, where the pipeline starts, will not have gas,” Julio Palavecino told IPS. Read Article
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The Department of the Navy Navy Mexico informed through a statement that was seized nine tons of marijuana in the border town of Puerto Peñasco, in northwestern Sonora.The report states that they were elements of Marines who claimed the drug on Thursday night at a home in the town of that name of the municipality. […]
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To act against pork producers who are making poor management in the disposal of dead animals on farm, causing heavy pollution, a report is required to act accordingly. Crimes against nature are not prosecuted ex officio. A spokesman for the Committee on Ecology and Sustainable Development of the State of Sonora (CEDES), reported that they […]
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The two dairy giants formed their Dairy Partners Americas venture in 2002, to processes and market milk and consumer dairy products in Brazil, Ecuador, Venezuela, Colombia and Argentina. Read Article
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Belarus won in 2010 from 4 to $ 6 per ton of Venezuelan oil processing in its refineries, the parliamentarians said today the vice president of the consortium Belneftejim Belarus Vladimir Volkov. “In 2010 we earned from the processing of Venezuelan oil: 4 to 6 dollars per ton,” he said. Read Article
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Ambassador of the Islamic Republic of Iran, Adbolessa Mesri, recalled that three years have been opening several dairy processing plants and corn flour in various states, under the agreement signed between Iran and Venezuela. Read Article
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The Venezuelan caloric consumption rose 55.5% from 1,800 kilocalories (kcal) per capita in the year of 1,998 to 2,800 in 2008, stressed the Minister of Popular Power for Agriculture and Land (MAT), Juan Carlos Loyo. Read Article
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Chile’s central bank said Tuesday that commerce led the growth, especially exports in fruit, timber, fishing and transport services. February also saw the world’s top copper exporter benefit from record high prices of about $10,000 a ton. Read Article
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The Brazilian government started on Monday to monitor food products imported from Japan in order to prevent radiation-contaminated goods from entering the country. Read Article
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The elimination of taxes on cigarettes, soft drinks, spirits, beers and wines, by legislators of three political parties, will leave under-funded the Instituto de Desarrollo Rural (INDER), known as the Institute of Agrarian Development. Read Article
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Yesterday, Bolivian foreign minister David Choquehuanca accused Chile of not only failing to keep to the spirit of the 1904 Peace and Friendship Treat, but also of obstructing it by not allowing the free movement of passengers and freight from El Alto to the port of Arica, on the Chilean coast. Bolivian president Evo Morales […]
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Mining Minister Jose Pimentel, began yesterday at the National Customs responsibility to respond by leaving the country in September 2010 of a container loaded with 10.5 tonnes of zinc and shipped to Miami, United States, through Coz Igreda company Roberto Orlando and, according to the U.S. Drug Enforcement Agency (DEA), containing 144 kilos of cocaine […]
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ContiLifeCycle is expanding. Continental Tire Andina has opened a new retreading plant in Guayaquil, Ecuador, the country’s main port. The move is the latest step in Continental Tire the Americas LLC’s plan to expand its ContiTread distribution network in North and South America. Read Article
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After two years mired in recession, Venezuelan economy has been favored by soaring oil prices and has started to grow. However, structural problems and deterioration of the power generation system may lead to a moderate, slow recovery. Minister of Electric Power Alí Rodríguez Araque acknowledged last week that electricity demand has increased. He attributed the […]
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The inspection body referred to ongoing reviews of producers indicating that the whey is a product equivalent to milk. Read Article
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Work has resumed at Bolivia’s largest silver mine, San Cristobal, following a 12-day strike, the union and operating company said on Monday. San Cristobal, which also produces zinc and lead, is the world’s third-largest producer of silver and the sixth-largest producer of zinc, according to Japan’s Sumitomo Corp (8053.T), which owns the mine. Read Article
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As the violence spread, billions of dollars of cartel cash began to seep into the global financial system. But a special investigation by the Observer reveals how the increasingly frantic warnings of one London whistleblower were ignored. Read Article
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While coffee prices have increased to record levels in international markets, coffee growers in Venezuela have been hit by the official price policy that in the last few years has led to a decline in domestic production. Read Article.
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GIA announces the release of a comprehensive global report on Chloroprene Rubber. Global market for chloroprene rubber is forecast to reach 445.3 thousand metric tons by the year 2017, driven by increasing demand from end-use industries such as industrial rubber products, adhesives and automobiles. Developing markets such as Asia-Pacific and Latin America are slated to […]
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The first time Adela Navarro saw her longtime mentor cry was when a top editor at their muckraking newspaper was murdered leaving a health clinic with his two young children. “How many more deaths do I need to understand that we can’t do this?” asked Jesus Blancornelas, who narrowly escaped an attempt on his own […]
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Mexico’s top broadcaster Televisa (TV.N) is in advanced negotiations over a possible tie-up with Grupo Salinas’ cell phone operator Iusacell, a local newspaper columnist wrote on Monday. Televisa wants to buy a large chunk of Iusacell’s outstanding debt — currently held by secretive Mexican financier David Martinez — according to columnist Alberto Aguilar from daily […]
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Thai exporters eye Costa Rica and Panama markets for their products with the development of a new logistics route from Asia that could reduce shipping costs. Ten memoranda of understanding with Costa Rican counterparts were signed by the private companies and the Thai Chamber of Commerce, while a total of 15 agreements were signed with […]
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Although gasoline prices keeping rising, one thing that is evident to owners of gasoline stations in Costa Rica, is that for some years the business has become less profitable. Gasoline stations owners have a fixed mark up – ¢35 colones per litre – since 2008, which, among other factors is the cause for a crisis […]
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The project would be located on 50 square meters and the final product would be sold as a tea infusion. Appealing to the measure. That’s what made the agronomist Alvaro Gomez, owner of Agrofuturo, a company that on 31 January had been empowered by the SAG for marijuana plants in his farm in Los Angeles. […]
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The provinces of Loja, Los Rios, Guayas, Manabi and El Oro, were declared emergency due to lack of rain since February. The Ministry of Agriculture, along with the secretariats of Risk Management and Water within a Contingency Plan, adopted new preventive measures in those provinces. This is because, according to forecasts from the National Institute […]
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DPNG suspended construction of hotel At first the work was reported as a home and had permission from the municipality for its construction. Promoters Mauricio Ponce and Antonio Noboa Cartwight Ycaza, began construction of a work in Punta Estrada, Puerto Ayora, Santa Cruz Island Report as a home for what had municipal permits for this […]
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With the desire for a recovery in domestic auto market, Chrysler de Venezuela said yesterday that this year total sales estimates in the order of 120,000 new units in Venezuela. Elias Levy, new president of the assembly with a plant in Valencia, said the company’s participation in the market will be around 10%, with “Made […]
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Shell is going to leave Chile. Anglo-Dutch oil company sold its refining and distribution to the local group Quiñenco. The transaction closed on $ 614 million. Read Article
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In Brazil’s federal highway, a truck can drive a distance equivalent to Brasilia to Belo Horizonte, or of St. Louis to Bethlehem without passing through any post despite its load. With 57,000 kilometers of federal roads under the responsibility of the Ministry of Transport, today the country has 70 weigh stations – one station every […]
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Potosi – A group of Indians made a vigil at the mine Amayapampa demanding labor sources to benefit from financial resources generated by the gold deposit. The vigil began Tuesday morning and the top leaders moved to the seat of government in order to talk to the Mining Minister Jose Pimentel. Read Article
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Chilean research consortium aims to create Thompson Seedless table grapes that are resistant to fungal disease, but the product is not yet near the commercialization stage. The project has been undertaken by the Agricultural Investigation Institute (INIA), Fundación Chile, Agrícola Brown and Biofrutales. Read Article
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A Peruvian agricultural consortium has told Agraria.pe the country’s average agricultural wage could rise from US$15 to US$30 per day in 10 years, with continued labor shortages expected as the industry expands. Peruvian Agro Consortium (COPERAGRO) manager Ángel Manero said as the agricultural industry grows it will reach a stage where wages are the same […]
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The Association of Mayors of the Northern Sector of Santa Rosa is against mining activities in the department, because it considers not only harmful to people, but to nature. Read Article
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Eliminate immigration visas in Chiapas, asks J. Sabines, the governor of Chiapas. The governor of Chiapas, Juan José Sabines Guerrero, yesterday asked the Federation to address comprehensively the issue of migration in the southern border, including visas which is a central issue, with the possibility of elimination in the state, in order to they achieve […]
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Colombian exports in 2010 totaled 8.9 million bags, while for domestic consumption is imported 579,733 bags (34,784 tonnes). And although this is only 6.9 percent of export volume accounts for 44.5 percent of domestic consumption, according to the manager of the Federation of Coffee Growers, Luis Genaro Muñoz, was 1.3 million bags ( 78,000 tons) […]
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exico’s top airline, Aeromexico, will likely launch an initial public offering before Easter of this year, Chief Executive Officer Andres Conesa told Reuters on Wednesday. Asked if the IPO would come before Easter, Conesa said: “Yes, (that is) very likely.” Easter falls on April 24 this year. Read Article
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China is rapidly expanding its presence in Brazil, surpassing the United States as the South American giant’s biggest biggest investor and trade partner, a report released Wednesday said. Read Article
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Brazil’s central bank Wednesday raised its inflation forecast and cut its growth outlook for this year but said the situation is improving and that it may be able to scale back efforts to tame rising prices. Read Article
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An ongoing labor strike has forced Bolivia’s San Cristobal mine to halt output and exports of silver, zinc and lead, and the conflict will likely persist since company managers and union leaders have not begun formal talks. Read Article
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Mexico’s proven oil and gas reserves have fallen 1.4 percent to about 13.8 billion barrels of crude equivalent, as production continues to outstrip discoveries. Read Article
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HIT Entertainment announced three new publishing deals for Barney, Thomas & Friends, and Angelina Ballerina in Latin America. Publications will start hitting shelves this spring. New partners include Editora Fundamento, which will publish picture storybooks for Thomas & Friends in Portuguese available for Brazil; Editora Vale das Letras in Brazil, which will publish Thomas & […]
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The director of the Ministry of Hydrocarbons Conversion, Daniel Tapia, said Tuesday it approved more than 20 workshops in the city of La Paz, to start the conversion process at least 3,000 motor Natural Gas (CNG). Read Article
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Up to two million pesos is the approximate cost to spy and find out if your partner is cheating. Bogota has a record of 144 private detective agencies who promise absolute confidentiality, expertise and evidence through videos, photographs and chat conversations or cell phone. Read Article
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The state-run ALUR Uruguayan company invested 100 million dollars to produce biofuel, animal feed and electric power, today outlined a statistical summary of the entity. Based on sugar cane crops, sorghum, sunflower, canola and soybeans, ethanol and biodiesel produced ALUR with the aim of the Ancap oil, the majority shareholder, to comply with the percentage […]
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The booming ethanol industry is causing a dramatic transformation of the agricultural activity in large parts of southern Iraq. This is especially true in the state of Sao Paulo is experiencing a unique economic and social development while consolidating its position as the most marked regional sugar and ethanol producer in Brazil, Ribeirao Preto being […]
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Peru’s government has secretly admitted that 70-90% of its mahogany exports were illegally felled, according to a US embassy cable revealed by Wikileaks. Furthermore, Peru’s government is aware that the illegal timber is being ‘laundered’ using ‘document falsification, timber extraction outside the concession boundaries and links to bribes’. Read Article
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Hawker Beechcraft announced on February 24 the opening of a new $20 million facility in Chihuahua City, Mexico, that will be employed primarily in sheet metal fabrication. According to Hawker Beechcraft CEO Bill Boisture, the 180,000-sq-foot building is one of two at the Chihuahua site, where a third will be added later this year. By […]
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Today, Interior Minister Rodrigo Hinzpeter will announce the decision of government to postpone the change into winter time until May 7th. Read Article
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Enel Green Power has begun construction on a new hydroelectric plant in Costa Rica, between the provinces of Alajuela and San Jose. The new plant, named Chucas, will have an installed capacity of 50 MW, and once fully up and running, will generate around 219 million Kwh/year, equal to the annual consumption of over 81.000 […]
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The construction works at the airport in Pisco to begin within a month. The works comprise the construction of passenger terminal and cargo terminal. And a platform for aircraft parking and care that will extend over an area of about 24.500 m2. For this project, the consortium of companies GBHI Investments, will invest $ 40 […]
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SN Power – a Norwegian hydroelectric company – faces strong, well-organized indigenous and environmental opposition to four of their projects in Chile, forcing the company to consider putting their projects up for sale. The company has reportedly hired business consultant Celfin Capital for advice on the necessary steps to either sell the projects – valued […]
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Minimum wage, no overtime pay and the Cape of snack time are the main allegations Ekono workers, who meet today 15 day strike. All labor problems that have occurred in the countries where Wal-Mart, which acquired control of D & S in 2009 – the largest retail company in the world, has branches. Read Article
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The guardians of Cuba’s struggling socialist system seem to have decided that their revolution now needs a dose of evolution. As the island prepares for its first Communist Party Congress for 14 years, to be held in April, changes to the centrally planned, state-run economy are beginning to take effect. Read Article
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Arcos Dorados Holdings Inc., the Buenos Aires-based operator of McDonald’s Corp. (MCD) fast food restaurants in Latin American and the Caribbean, filed for an initial public offering in the U.S. of as much as $1.08 billion. Read Article
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French international news channel France 24 has entered the Latin American cable market through an agreement with Uruguayan operator Cableplus, AFP reports. Read Article
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Costa Ricans owe some ¢585 billion colones on their credit cards according to a study by the Ministerio de Economía last October. The average debt per person debt of credit cards is ¢418.000 or double that of the minimum salary in Costa Rica. Read Article
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Living in or thinking of moving to Ecuador – Get this book Anyone who is thinking of purchasing real estate on the coast of Ecuador should considere a report filed in 2010 at the World Conference on Climate Change in Cancun, Mexico. Raul Medina Santamaria(professor of hydraulic engineering-University of Cantabria) reported to the newspaper El […]
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Since last Friday resolved that a complete shutdown of the mining works in the district of Portovelo-Zaruma, the economy of the inhabitants of the country’s main mining center began to falter. The paralysis that is strangling the economy of the Highlands, began to reject the closure of 37 mills in the industry. Read Article
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The stolen volume increased from 189 barrels per day in 2009 to 369 barrels per day in 2010. In the Shareholders of Ecopetrol, the company reported a 95.2% increase in the theft of crude to its transport networks. The company said this was due to increase in the eradication of illicit crops, to activities related […]
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This was announced by Minister of Mines and Energy Shot Carlos Noriega, who said that the National Hydrocarbons Agency (ANH) has signed contracts Colombia Round 2010 with different companies. Last year the government awarded 78 blocks in this bidding process to undertake the drilling of fields in different basins of the country. Read Article
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Unilever also announced today that it has entered into a binding agreement to acquire Colgate-Palmolive’s laundry detergent brands in Colombia for US$215m. This transaction is subject to regulatory approval and the completion of the Sanex disposal to Colgate-Palmolive. Michael Polk, Unilever’s President Categories, said: “We are pleased to be divesting Sanex in what we consider […]
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The Agriculture Minister Juan Camilo Restrepo, reiterated that the continuity of the cold wave is affecting crops of bananas, coffee and cocoa by the presence of pests. Read Article
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BOLIVIAN company UNAGRO will build a modern Brazil nut processing plant in Tambopata in Madre de Dios, Peru producing shelled, dehydrated and specially selected products. Investment in the plant, which will begin operating in October 2011, has totalled USD6.0 million. Read Article – Registration Required
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Chile will allow imports of a larger array of US beef products, US officials said Wednesday following US President Barack Obama’s visit to the South American country. “Expanding our market for US beef exports to Chile is an important advance,” US Trade Representative Ron Kirk said, noting US beef and beef product exports to Chile […]
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The Colombian government has opened an international bidding process on a rail project that could facilitate 6mn metric tonnes/yr of coal shipments by 2013. The project includes construction of the Carare railway and rehabilitation of the existing Central railway into one line, the Carare railway’s general manager told Argus today. The government aims to grant […]
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Two of Petroleos de Venezuela’s crude-oil upgrader facilities in the Orinoco Belt will undergo partial shutdowns over the next few weeks to carry out much-needed technical improvements, union officials said Wednesday. Read Article
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With a total revenue forecast around $448 million for 2011, Nicaragua ranks last in Latin America. However, the country is expected to grow at a CAGR of 5.8 percent over the next five years, ahead of the 4.9 percent average expected for Latin America, according to a new report from Pyramid Research (www.pyr.com). Nicaragua: Growing […]
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Skyline Solar today introduced the Skyline X14 System and announced that it has been selected for a 500-kilowatt (kW) concentrated photovoltaic (CPV) plant to be built in Durango, Mexico. DelSol Systems, one of Mexico’s leading solar integrators, will construct the project, which will be the largest CPV plant in Latin America. Read Article
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St Lucia is to play host to a conference focused on luxury tourism in the Caribbean. The Caribbean Hotel and Tourism Association’s (CHTA) Caribbean Boutique and Intimate Hotel Conference will take place on the island from October 13-15. Read Article
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Venezuela is shoring up economic ties with Chinese companies with the signing of new trade and investment agreements, in a bid by President Hugo Chavez to reduce dependence on Washington. Read Article
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Lithium and lithium carbonate markets are set to grow in Latin America with the commissioning of a new lithium carbonate processing plant in Argentina and plans by Bolivia to use Iranian help in exploiting its deposits of the mineral. Read Article
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In a release the company said that its latest appraisal at the Sea Lion well had found “a high quality reservoir”. Shares of the company soared on the news. Rockhopper’s Sea Lion was the first oil strike in Falklands’ waters (May 2010). Read Article
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Brazil’s biggest maker of steel products for the auto and construction industries, Gerdau SA, plans to sell as much as 4.2 billion Real (2.5 billion USD) of stock, boosting speculation that it has plans to buy a stake in a Brazilian rival, most probably Usiminas. Read Article
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United States farmers have called on the US government to approve the free trade agreements with Colombia and Panama because Mercosur countries are taking a bigger share of US agriculture exports to those countries. Read Article
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Mexico’s stock exchange listed the country’s first real estate investment trust last week, allowing investors to make big bets on the local property market. The sale of shares in the first real estate investment trust (REIT) in Mexico came after years of frustration that saw the current deal stumble last month before finally reaching investors. […]
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Embraer Brazilian aviation group plans to convert its strong position in sales of civilian aircraft in China, in a strong position in defense aircraft sales, if trade restrictions are relaxed weapons against Beijing. Carlos Camargo, head of communications of Embraer, told Jane’s Defence Weekly that are building strong relations with China, which is crucial for […]
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Santa Clara, March 11, 2011. In earlier days, members of the Association of the Kichwa Nationality Kushillu Urku (ANKAKU) did a tour of the reserve area of the community, suddenly found the presence of mining in the limit of their territory, on the banks of the river Challuayaku, Santa Clara county, province of Pastaza, a […]
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ATM cloning continues to be a challenge for Ecuadorian banks. Banco Pichincha has been working with a new biometrics keypad that actually registers and stores the rhythm and force of the authorized users hand when entering the password for the debit or credit card at an ATM. The three largest banks impacted by cloning are: […]
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The people of Suriname want to foster strong socio-cultural ties with their Indian counterparts to cement the relations between this country and the South American island, its Ambassador, Mr Krishadett Baijnath, said today. Read Article
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Brazil has unveiled plans to toughen rules that govern foreign ownership of land in an attempt to control speculative buying of large tracts of farmland and real estate by foreign investors, including sovereign fund managers. Read Article
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Argentina’s top union boss, Hugo Moyano, late Friday called off a transportation strike set for next week that threatened to disrupt economic activity across the country. “We are suspending this measure we had planned for Monday,” Moyano said in a televised press conference, referring to the strike. Read Article
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Departure of the food company is a fact. En asamblea se acordó la liquidación. In assembly agreed settlement. For the 186 employees working in the Pacific Zone until last December, before the floor was flooded as a result of the cold wave that struck the region, the company offers a voluntary retirement plan, whose term […]
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Argentina’s economy grew by a lightning-quick 9.2 percent last year, but a surge in imports fed by increasing domestic demand is cutting into the current account surplus. Read Article
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Reports suggest that Valdivia’s Celco pulp mill is liable for death of black-necked swans. Preliminary reports from the case against Celulosa Arauco (Celco) indicate that the pulp mill will be held responsible for the environmental disaster in 2004 at the nature sanctuary on Río Cruces. Ximena Rosales, spokesperson for the environmental movement Acción por los […]
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Chilean scientists advised against the construction of nuclear plants in the country due to its high seismicity, as the world focuses on the dangerous emergency in Japan. The experts’ warning comes five days before U.S. President Barrack Obama’s visit to Chile. The two countries expect to sign a cooperation agreement on nuclear energy. Read Article
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After years of decline, the cooperative movement in Mexico is reviving as a relatively safe haven from the shocks of the neoliberal free- market model of production and the financial and food crises that have affected the country. “Cooperatives have had a positive impact on job creation, investment, education and health. They have helped drive […]
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Crowded into precarious mud-floored dorms or sheet-metal trailers or forced to live in tents of plastic sheeting, with neither piped water nor electricity, after working 14-hour days: these are the harsh conditions faced by hundreds of thousands of rural workers in Argentina despite bumper crops and record earnings for agribusiness. Read Article
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Three U.S. senators are asking the Treasury Department to finish long-awaited rules on prepaid gift and credit cards that cross the U.S. border with Mexico bypassing anti-money laundering requirements that anyone transporting more than $10,000 declare his or her holdings. Read Article
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Lighting up the night sky with flames from its chimneys, Curacao’s giant Isla refinery is at the center of an increasingly acrimonious dispute over the island’s economic and environmental future. Run by neighboring Venezuela’s state oil company PDVSA, the smoky, 335,000-barrels-per-day facility is the second-biggest in the Caribbean but has long been plagued by technical […]
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Venezuela is suspending development of a nuclear power programme following the catastrophe at a nuclear complex in Japan, President Hugo Chavez said today. The South American country had hoped that a planned Russian-built nuclear power plant would provide 4,000 megawatts (MW) and be ready in about a decade. Read Article
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