Plaintiffs in the Ecuador pollution case against Chevron Corp will get to question the man they call the “ringleader” of a sting operation that is key to Chevron’s efforts to avoid paying a massive judgment. Read Article
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February’s freezing fury has left a path of crumpled crops, pummeled harvests and dashed dreams in the countryside of northern Mexico. Hardest hit was the northwestern state of Sinaloa, known as the”Bread Basket of Mexico,” where about 750,000 acres of corn crops were reported destroyed after unusually cold temperatures blanketed the north of the country […]
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Ecuador’s largest cellphone company, Porta Celular, the local unit of Mexican communications giant America Movil SAB, plans to invest about $180 million during 2011 in the Andean country, the company’s president told Dow Jones Newswires. In an interview on Thursday, Alfredo Escobar said that the investment, which will be 45% higher compared with 2010, will […]
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World yarn inventories rose by 5% in 2010, due primarily to a 114.8% increase in stocks in South America, according to a recent report published by the International Textile Manufacturers Federation (ITMF). During the third quarter of 2010 global yarn stocks rose by 3.5%, increasing 60.5% in South America alone. In Europe yarn inventories were […]
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Pursuant to the agreement between the Government of Canada and the Government of Venezuela for the Promotion and Protection of Investments, Canadian mining company Crystallex International Corp. has filed a request for arbitration against the Venezuelan government. Read Article
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The administrator of the Panama Canal dismissed Wednesday the notion the key waterway could be under threat from a Chinese-backed project to build a new rail link across northern Colombia. Read Article
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Experts from the United States, Mexico and Canada are working to draw up a new law regulating the trade in discarded electronics, Commission for Environmental Cooperation, or CEC, representative Marco Heredia told Efe. Environmental officials from the three countries and CEC representatives are meeting this week in Guadalajara, the capital of Mexico’s Jalisco state, to […]
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Mexico is facing what could be its worst coffee harvest in almost 20 years. Unseasonal rains and cold weather have resulted in a crop that is ripening at an uneven pace. These coffee-harvest anomalies are exacerbated by a shortage of labor at farms where workers, paid by the bucket, haven’t found enough coffee berries to […]
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What advocate of free markets hasn’t, at one time or another, fantasized about running away to a desert island to start a country where economic liberty would be the law of the land? If things go according to plan, more than one such “island” may soon pop up here. Honduras calls these visionary islands “model […]
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* Farmers spurred by prices expanding arabicas coffee land * Honduras, Nicaragua, Peru boost output as others decline * Global demand rising, not enough to meet the gap – Read Article
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Colombia’s largest coal exporter, Cerrejon, sees Asian demand propelling more Colombian coal to Europe and that demand will also keep prices at current levels, the company’s president said on Wednesday. Read Article
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General Electric Co. says it will invest $550 million to build a research center in Brazil. Science and Technology Minister Aloizio Mercadante says General Electric’s CEO Jeffrey Immelt announced the investment plans during a Wednesday meeting with President Dilma Rousseff. Read Article
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Despite serious trade spats in the past with major trade partners China and Brazil, Argentina has slapped new import restrictions on 200 goods in a bid to protect its domestic industry after a 46 per cent surge in imports last year.The government said it was applying non-automatic licences to the new list of goods, which […]
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Argentine trade unions and grains exporters will meet for last-ditch wage talks on Wednesday to try to avert a new strike after workers last month blocked ports in one of the world’s top food suppliers. Read Article
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In November 2009, a Philadelphia lawyer suing Chevron Corp. over oil-field pollution in Ecuador had some advice for his colleagues on the case: Now might be the time to settle. Read Article
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Panama and Colombia will sign an agreement stipulating that the regulation of the electricity sector in both countries is consistent. This is part of the project to connect the power grids of the two countries. That project will link the two electrical systems through a 614-kilometer network. Read Article
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COCHABAMBA, BOLIVIA — Dotted along every major thoroughfare, vendors set up tarps to sell their wares. When I drove by a long line of people, shopping bags in hand, I was curious what wonderful product was being offered. As I peered under the covered bed of the old truck, one man was tossed a white […]
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A wave of violent protests is shaking Bolivia. Bolivian President Evo Morales had to abandon a public event celebrating Bolivia’s 230th anniversary of Independence after being confronted by protestors angry over food shortages and price rises. Scheduled to talk in the mining city of Oruro, he and his team had to leave the city quickly […]
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Colombia has a relatively small proportion of the world’s proven coal reserves. World hard coal reserves have been estimated at 411,321 million t, while those of Colombia are an estimated 6434 million t, or less than 2% of the world’s reserves. In terms of world mining statistics, a similar story emerges: world hard coal production […]
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American Scientific Resources, Inc. (Pink Sheets: ASFX) announces a distribution agreement with Sell-Out Ltd. based in Santiago, Chile. An importer and distributor of personal, health and homecare products, Sell-Out Ltd., has agreed to distribute Kidz-Med VeraTemp non-contact thermometers, from American Scientific Resources, in the Chilean retail market. Joaquin Schneider, Manager, Sell-Out Ltd. states, “We are […]
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China is in talks to build a “dry canal” linking Colombia’s Atlantic and Pacific coats by rail, Colombian President Juan Manuel Santos was quoted as saying on Sunday. Read Article
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Brazil and Argentina came out Friday against a French proposal to be put to the G20 to regulate commodity prices whose recent rises are blamed for a spike in food costs. IMF chief urges global monetary reform. Read Article
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Most Indonesians generally know Argentina for its soccer and tango. But they don’t know that the main ingredient — soybean — in staple foods such as tempe, tofu and soy sauce comes mostly from Argentina. In recent years, Indonesia has become one of the Asia’s biggest soybean importers — buying the food commodity mainly from […]
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President Hugo Chavez said Sunday that he has no intention of ceasing his efforts to make Venezuela a socialist country, and he expressed confidence that his allies would take the reins of his “Bolivarian Revolution” if he died or decided to step down. Read Article
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The Flores family’s frequent trips to visit family in Mexico begin with a two-hour drive from their suburban Los Angeles home to San Diego, followed by a quick jaunt across the border to the Tijuana airport for the flight to Guadalajara. Read Article
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Mining investment in Peru amounted to US$4.02 billion in 2010 exceeding the amount raised the previous years, the Ministry of Energy and Mines (MEM) estimated Saturday. The country attracted far more mining investment in 2010 than in 2009 (US$2.82 billion), 2008 (US$ 1.7billion) and 2007 (US$ 1.24billion). Read Article
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The Blue Eye platform, designed by the Cuban software company Desoft S.A. to provide cell phone services, has saved the national economy one million dollars. René Cruz Guerrero, general manager of Procyon Soluciones, Desoft’s telecommunications division, said that amount accounts for the cost of acquiring the program abroad. Read Article
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450 Russian-made Lada cars were handed over to Nicaraguan taxi drivers in a ceremony that was held in the capital Managua and attended by President Daniel Ortega on Saturday. Read Article
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At midnight, a branch of BBVA in the eastern area of the capital were damaged as a result of a bomb. Read Article
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International arbitrators ordered Ecuador to suspend enforcement of any judgment against Chevron Corporation in a marathon environmental case against the US supermajor, according to an order posted on Chevron’s website. Read Article
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The always excellent Armin Wagner of GIZ, the German aid and development agency, has assembled his annual list of fuel prices around the world. It’s a “snapshot” of gasoline and diesel prices in November, 2010. While those in Europe get to nitter and natter over whether ’tis better to be as Romania, at 146 U.S. […]
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More than a quarter of wireless customers in Brazil indicate they are likely to switch carriers in the next 12 months, according to the J.D. Power do Brasil 2011 Wireless Satisfaction Study. Read Article
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Lawmakers in Panama approved legislation to attract foreign investment to its mining industry, despite opposition from students and indigenous groups. President Ricardo Martinelli and his supporters in the national assembly argue that mining could be Panama’s second largest source of income after fees from the trans-oceanic canal. It becomes law with Martinelli’s signature. Read Article
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Sumitomo Chemical Co., Ltd. (SCC) today announced a restructuring that will create a newly named business unit focused on providing crop protection solutions in the Latin American agricultural markets. The new business unit, Sumitomo Chemical Latin America (SCLA) will focus on providing Latin American growers with leading crop management products and active ingredients developed, manufactured […]
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Mexican Finance Minister Ernesto Cordero said policy makers may increase the amount of dollar options they auction monthly, a move that would help soften the impact on the peso of any sudden outflow of capital. Read Article
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Forest product exports from Bolivia totaled $237 million in 2010, up 33% from $178.8 million in 2009, ITTO reported. Read Article
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Uruguay has a significant milk industry and dairy products in the domestic market are relatively cheap (*), explained Carlos Torterolo president of Uruguay’s national association of milk farmers. Read Article
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sustainable palm oil production, with an initiative that brings a new crop to its Brazilian supply chain. ADM is a member of the Roundtable on Sustainable Palm Oil, a multi-stakeholder organization that has been working to transform the supply chain for palm oil since 2004. The oil is used widely in consumer food products, as […]
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Brazilian mining giant Vale SA (VALE, VALE5.BR) said Thursday that protesters closed the Carajas railroad Wednesday for more than five hours and continue to hold six workers hostage. Read Article
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The World Bank and International Monetary Fund are warning poor regions that have so far not been hit by rising food prices, like sub-Saharan Africa and the Caribbean, to get ready to face them. Food price volatility is here to stay, the World Bank cautioned, amid growing worries there could be another full-blown food crisis […]
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Designed as an apartment venue and later turned into a hotel, GEN is a 26-storey building designed by Felipe Assadi + Francisca Pulido located in Santiago de Chile with the usual green credentials but with two cool details: distributed energy generation with individual solar panels exposed to the front, and a second skin made with […]
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Mexican billionaire Carlos Slim said he is eyeing Colombia’s oil industry, as the world’s richest man boosts infrastructure investments outside his home country. Read Article
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AT LESS than 8,000MW, Peru’s total electricity-generation capacity is modest, barely matching four modern nuclear power stations. But President Alan García’s government reckons it could produce almost eight times as much power just by harnessing the country’s Amazonian rivers, let alone using increasingly plentiful supplies of natural gas, and wind and solar power. The government […]
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Coca–Cola’s bottler in Venezuela says workers at a major plant have ended a strike after agreeing on a new contract. Coca–Cola Femsa de Venezuela SA says in a statement that the company has signed a new contract with workers at the bottling plant in the central–northern city of Valencia. Read Article
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Peru remains the top silver producer in the world and ranks as the second largest copper and zinc producer, reported Wednesday Henry Luna, Mining Promotion Director at the Ministry of Energy and Mines (MEM). Read Article
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Over 1’950,000 tons of reed mace are produced each year in the Titicaca national reserve, located in Puno. The plant is mainly used to feed the cattle, make handicrafts, and even produce eco-paper. Read Article
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About 200 small and medium-sized enterprises (SMEs) are created every week in Peru, especially in the trade sector, reported the Ministry of Production. Read Article
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Ecuador’s President Rafael Correa has expressed interest in province Loja’s Palanda hydroelectric project, José Aguirre, manager of Loja’s alternative energies company Enersur, told BNamericas. Read Article
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Triple play carrier Itacom is launching its own over-the-top (OTT) video-on-demand service for Paraguay, streaming video across a range of multiple devices.Itacom is a provider of Internet, telephony, and television services to customers in Paraguay, and in order to add theWeb-based content play to the mix it has chosen to work with video streaming enabler […]
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Peru’s Lambayeque region is on the cusp of receiving a $190 million tunnel and dam system to provide water for new agricultural lands, which the government will auction off to both national and international investors. The Olmos Transandino Project is led by a subsidiary of Brazilian company Odebrecht and when construction is finished in 2012, […]
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Last week the first watermelons and yellow melons were shipped to the Netherlands from Costa Rica. Levarht a dutch importer has been an important importer of Costa Rican melons and works exclusively with growers. Read Article
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Based on data released by the Central Bank of Venezuela (BCV), the rising cost of food is unstoppable. This is the variable that most impacts the quality of life in the poorest Venezuelan households. The cost of agricultural products in January heightened 9.1 percent and in the last twelve months, the cumulative increase in prices […]
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The number of MasterCard® and Maestro® cards in Latin America and the Caribbean region neared 260 million. Full year 2010 transactions with MasterCard®-branded cards reached 2.8 billion generating a gross dollar volume of US $221 billion, up 17.4% versus 2009. Read Article
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Dock workers have ended a strike at Peru’s main port of Callao, a spokesman for ENAPU, the port operator, said Wednesday. Operations returned to normal early Wednesday, he said. Read Article
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Visits to Senegal this week by Bolivian President Evo Morales and Brazil’s ex-President Lula da Silva highlight what analysts say is Latin America’s growing geopolitical interest in Africa. Read Article
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A traveler is offered a $9.80-a-day rate for a rental car in Mexico. But an agent refuses to rent the car without insurance, which more than doubles the price of the vehicle. Now neither his agent, nor the rental company, will refund the difference. Is he stuck with the bill? Read Article Seattletimes.com HAVE AN […]
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From Crystallex Website Crystallex Updates Status of Las Cristinas Mine Operating Contract 02/06/2011 Download this Press Release TORONTO, ONTARIO–(Marketwire – Feb. 6, 2011) – Crystallex International Corporation (TSX:KRY)(NYSE Amex:KRY) announced today that it has received a letter from the Corporacion Venezolana de Guayana (“CVG”) that states that the Company’s Mine Operating Contract (“MOC”) for the […]
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The Venezuelan automotive industry and the auto market go against current of the car industry in the rest of Latin America. While in the region, there has been a sustained boom in the production and sale of automobiles in the last few years, the sector has shrunk in Venezuela. Read Article
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Itochu Corp. has won an order to supply four Aframax tankers to a subsidiary of Venezuela’s Petroleos de Venezuela SA (PDVSA) and has commissioned Sumitomo Heavy Industries to build the vessels. Read Article
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East Coast seaports from New York to Miami are in a race for government permits and funding to dig deeper harbors. The ports need more room to handle giant cargo ships expected to sail through an expanded Panama Canal in just a few years. Read Article
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Canadian-based Vena Resources Inc. announced the commencement this month of the third major drill campaign on Minergia’s Macusani properties in the department of Puno, southeastern Peru. Read Article
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The first Emirati embassy in Chile will open this year in Santiago, signalling a growing bond between the two countries. That connection has been strengthened by an influential Chilean family with roots in Palestine and experience in the UAE. Jean-Paul Tarud, Chile’s ambassador to the UAE since 2009, was born here and has lived here […]
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The Business Confidence Index, measured and monitored by Deloitte, starts the new year with 3 points less than that registered in December, reaching 92.3 of a possible 250 points. Despite its decline, remains a high level compared with that reported in January 2010 (83), 2009 (73) and 2008 (78). As in the last months of […]
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It was a tough job, but someone had to do it as Policía de Control Fiscal (Tax Police) confiscated a shipment containing 3.000 erotic adult toys that apparently someone wanted to bring into the country without paying the import tax. Read Article
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He who cooks faster, gets the customer, as a fast food war is underway in Costa Rica, as fast food companies vie for customers and market share. Consumers are being bombarded with all kinds of advertising, from billboards, to flyers to newspaper and television ads and special pricing offers to get their share of customers. […]
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Damian Vásquez used to regularly update the prices of household cleaning products on the sign outside his store. Today he often does not bother. Inflation has been causing prices to rise so fast that he grew tired of the effort to keep up. Read Article
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Movistar has reportedly expanded commercial 3.5G coverage to the city of Loja. The expansion of the HSPA-based mobile broadband network was launched in June 2009 which forms part of a nationwide plan to increase Movistar’s high speed services footprint throughout 2011. Read Article
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In order to welcome hundreds of families with limited economic resources of the province, especially those who have been affected by migration, Canar Provincial Government implemented in May this year a production plant to market it horchata national level. Read Article
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With a wooden spoon in hand, Hortencia Rómulo briskly stirs the amber-coloured liquid cooking in an enormous steel pot. “It has to reach a heavy boil so that the water evaporates, leaving the syrup,” Rómulo, 45, an indigenous Otomí woman, told Tierramérica, explaining the process for turning the nectar of the maguey, or pulque agave […]
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Guadalupe Pena’s great grandparents began working with horses when La Hera ranch still lay in fields outside Mexico City. Now it is surrounded by graffiti-covered walls and barred windows but, behind its metal gate, offers hope where hospitals have failed. Read Article
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Peru’s Foreign Minister Jose Garcia Belaunde tells The Associated Press on Saturday that the summit could be delayed. It is currently set for Feb. 13-16 but political unrest in Egypt and some other countries may prompt the Arab League to set the date back. Read Article
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A plant run by Heinz in the state of Carabobo, north central Venezuela, was shut down by workers, who demanded the signing of their collective bargaining agreement. Read Article
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César Rincones (Democratic Action, AD-Sucre state), a deputy to the National Assembly, urged the government of President Hugo Chávez to set up the National Council on Housing (Conavi) to meet increasing housing demand efficiently, as Venezuela faces a housing deficit of 2.2 million units. Read Article
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Two Arab developers, a father and son, were sentenced to 10 years in prison Thursday for conspiring to commit tax fraud to hide more than $150 million dollars in assets and failing to declare $49 million in revenue. Read Article
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Brazil’s buoyant economy is suffering under the double whammy of a strong real and competition from cheaper Chinese goods that are chipping away at the Latin American country’s global market share. Read Article
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Venezuelan President Hugo Chavez said Friday it was possible to “live without Coca-Cola” if the local bottler of the company’s products couldn’t follow “the constitution and the laws” of the country in dealing with striking workers. Read Article
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Growth in Peru’s real estate market has remained steady over the past five years, despite the global economic downturn, said José Antonio Olaechea, managing partner of Estudio Olaechea, a law firm in Lima. He said that although high demand and a low housing supply were pushing prices up, stagnant wages were preventing out-of-control growth. “We […]
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Venezuela’s crude oil exports to the United States bounced back in the last week of January, up 34 percent compared to average exports in January 17-21. Read Article
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Effect of violence on tourism brings new threat to the insect’s survival A soft afternoon sunlight cuts into a chilly forest of firs that provides winter haven for tens of millions of monarch butterflies. As their forebears have for time beyond memory, these monarchs have traveled as much as 3,000 miles, from across much of […]
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The indefinite nationwide strike is called by the Colombian Truckers Association (ACC) to require the Government to keep the freight sector regulation. “We have a 90 per cent of the fleet kept,” said general secretary of the ACC, Ricardo Virviescas, for whom the call to cease its activities was taken in all regions of the […]
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Argentina’s government plans to force multimedia company Grupo Clarin SA to roll back a recent price hike on more than 3 million of its cable television customers. Read Article
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A major Argentine port slowly began reopening after an eight-day industrial strike paralyzed the important hub, officials and union sources said. “The picket lines are gone,” a union organizer who declined to be identified told AFP, after talks with the government began over wage hikes. Read Article
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Amid the peak Valentine’s Day flower season, U.S. agents in Miami are working overtime to make sure pretty love bouquets are not used as transportation by exotic South American pests or cocaine traffickers. Read Article
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The favourable situation of the flying jumbo squid (Dosidicus gigas), also know as the Humboldt squid, has been enhanced recently by different factors in China. The unexpected strength in prices last year prompted numerous Chinese factories to rethink the possibility of having cooking facilities at the squids destination, in order to not rely on third […]
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In 2008, the government announced measures to stimulate the sales of vehicles friendly to the environment, but, today, three years later, it is stalled. Among the benefits discussed was the reduction of duty tax on hybrid cars. The deputy minister of the Environment, Andrey Bourret, says the economic situation prevented the lower tariffs. Read Article
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The Banco de Costa Rica (BCR) is warning users of its online service to wary of a “trojan” virus that redirects users to a fraudulent site and asking the user for the information of the “tarjeta dinámica” that the bank uses to secure online transactions. The BCR is asking all its users NOT to provide […]
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The growing presence of Chinese and Brazilian capital in Latin America’s energy sector is facilitating the construction of hydroelectric complexes, but is also the fuelling nationalist stances that are adding to the environmental criticisms of those major projects. Read Article
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Inter-region Latinamerican trade soared 24.6% to 133 billion US dollars during 2010 according to the latest report from ALADI (Latinamerican Integration Association) released Tuesday in Montevideo. This signals a significant recovery from the late 2008 financial crisis but still is short of that year’s record of 146 billion USD. Read Article
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Mexico produces first “artisan honey-ales” directed to the gay-lesbian market. A Mexican brewery has launched the first beer targeted to the gay community with a slight honey flavour and with plans to market the product in Mexico, Colombia and Japan among other interested countries. Read Article
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The National Institute for Industrial Technology is using naturally occurring waste products like onions, sunflower seed husks and peanuts to create natural alternatives to synthetic dyes. Read Article
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Economy Ministry sources reported that the National Government is exploring the possibility of applying the Law of Supply before the price increase by Shell. Supply Law allows Cristina Fernandez management through the Ministry of Domestic Trade bind “roll back fuel prices.” Read Article
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The Arab entrepreneurs who will attend the Third Summit of South American and Arab Countries (ASPA) in Lima, Peru, would spend more than US$ 2.1 million during their stay, Deputy Trade Minister Carlos Posada said Wednesday. Read Article
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Based on the numbers supplied by the National Council of Industries (Conindustria), 70 percent of the State action against private parties materialized in 2009-2011. From January 2002 to January 2011, 623 attacks on business property have been recorded, as estimated by the Venezuelan Council of Industries. Read Report
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Recovering arrears due to lack of raw materials and disruptions in electric service is the main objective of workers of the tobacco factory “Lazaro Peña” of Jobabo, in the eastern province of Las Tunas. The work rate now exceeds eight hours set for each day, and covers non-working Saturdays and some Sundays. Read Article
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Experts in environmental issues agree that Emergency Orders 001-2011 and 002-2011 threaten environmental protection, are unconstitutional and go against prior consultation. Both regulations promote 33 investment projects, such as hydroelectric power stations, roads and ports and include variations in the regulation of environmental requirements. Read Article
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TORRONTÉS has been touted as the hottest thing to arrive from Argentina since the tango. Or at least since malbec. It’s a grape, and a white wine, and some say it will be as popular in the United States as pinot grigio. Read Article
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UPS Capital®, the financial services arm of UPS (NYSE: UPS), today announced it has expanded its Latin American presence by opening new offices in Bogota, Colombia, and Lima, Peru, to help facilitate global trade. Utilizing in-country representatives to staff the offices, UPS Capital will be able to offer specific kinds of loans to qualified businesses […]
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Argentine workers will comply with a government order to call off a wage strike in key grains ports that has disrupted exports and crushing for a week, a union leader said on Wednesday. Read Article
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Leonor, a Mexican citizen, took part in a 2006 clinical trial of a drug to treat kidney disease, designed by a transnational pharmaceutical company. “A friend of mine who is a nurse told me about the trial and I decided to take part,” Leonor, a 30-year-old saleswoman who has kidney problems, told IPS. “I was […]
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When the price of medicines for treating cancer soared by up to 64 percent in 2010, the Peruvian government set up a watchdog commission that will also monitor prices of drugs for diabetes and HIV/AIDS. The Directorate General of Medicines, Supplies and Drugs (DIGEMID) told IPS that the commission’s functions would be extended to other […]
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