The presidents of Mexico and Costa Rica have signed an extradition treaty as well as an official agreement to exchange information and intelligence to better combat drug trafficking, El Informador reports. The agreements were signed at the beginning of a two day state visit to Mexico by Costa Rican president Laura Chinchilla. Additionally, a cooperation […]
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Global popular fashion chain Zara has been accused of having sweatshop-like conditions at some of the factories in South American it subcontracts from. The Brazilian Ministry of Labor is investigating the Spain-based brand due to the discovery of a contractor in São Paulo employing predominantly Bolivian immigrants working under unsafe conditions. According to the parent […]
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Since the 1960s, maquiladoras or export assembly plants have been the cornerstone of Mexico’s strategy to attract foreign direct investment and boost exports. But the environmental and social costs have been high. Maquiladoras, which in Mexico mainly produce clothing, cars and electronic equipment, consume huge volumes of water, generate hazardous waste products like alcohols, benzene, […]
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Officials with YPFB said 19 August in a news release that they met with Vietnamese counterparts and agreed to a yearlong agreement for Petrovietnam to look for gas in the Isipote, Yoai and Algarrobilla regions.Once the study is complete, the two companies will consider negotiations for service work, YPFB said. Read Article
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In an interview with the Uruguayan government sponsored daily La República, published Monday Timerman praised Uruguayan president Jose Mujica for his attitude towards the bilateral dialogue in line with ‘the historic relation between the neighbouring countries’ enabling to advance on all aspects such as economic, social and political integration. Read Article
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Corn plantings in Argentina and Brazil will grow faster than the dominant soybeans crop in the 2011-12 marketing year, Hamburg-based researcher Oil World said. Corn planting in Argentina will rise 13 percent to a record 4.9 million hectares (12.1 million acres), and the soybean area will climb 2.2 percent, Oil World said in a report […]
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Many have wondered which yeast species is responsible for the creation of lager 600 years ago in Germany, and the answer is Saccharomyces eubayanus, or S. eubayanus. For years, scientists have wondered how lager came to be. It was understood that ale derives from a species of yeast called Saccharomyces cerevisiae, or S. cerevisiae, but […]
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Swedish home appliance maker Electrolux AB’s (ELUX-B.SK) sales in Latin America will grow to represent 20% of its global sales on the acquisition of Chilean appliance manufacturer Compania Tecno Industrial SA (CTI.SN), a company executive said Monday. Electrolux acquired CTI–maker of the Fensa, Mademsa and Somela appliances in Chile and Gafa in Argentina–for around SEK4.4 […]
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Netflix subscribers in Latin America will be able to stream up to 1,200 hours per year of Telemundo programing under a deal announced Monday. Read Article
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Mexico may issue yen-denominated bonds for the second time in 10 months, tapping into Japanese investors’ growing demand for the higher yields offered on so- called Samurai bonds. Read Article
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While Malaysian companies may concentrate on the huge US market on the mainland, it would be a strategic mistake to ignore the untapped markets in its proximity, particularly in the Caribbean and Latin America, which are inherent with good business potential. Indeed, Miami, in the southernmost part of Florida on the coast of the Atlantic […]
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Bolivia daily natural gas production will increase by nine million cubic meters in 2012, which will help cover domestic needs and exports to Argentina and Brazil, said Carlos Villegas, president of Yacimientos Petroliferos Fiscales Bolivianos, YPFB. Read Article
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Despite record crops globally and in Brazil, demand for high-quality coffee beans fuels a price rally. Conventional wisdom among coffee traders has been that Brazil is the driving force for coffee prices — and with good reason. Historically, Brazil has been the world’s largest coffee producer. However, the market could be changing. Read Article
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Petroleo Brasileiro SA (PETR4), Brazil’s state-controlled oil company, is building the biggest sugar cane-ethanol plant as the country seeks to stabilize prices for the renewable fuel and fight inflation, said Salim Morsy, an analyst at Bloomberg New Energy Finance. Read Article
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BASF will invest in a world-scale production site for acrylic acid, butyl acrylate and superabsorbent polymers (SAP) in Camaçari, Bahia, Brazil.The investment marks the first acrylic acid and superabsorbents plant in South America. With an investment volume of more than €500 million, it is the largest investment in BASF’s century-long history in South America. Read […]
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Brazil’s government on Monday auctioned rights to the first major airport to be operated by a private company as the country moves to pick up the pace of investment in its air travel infrastructure ahead of the 2014 World Cup soccer tournament. Read Article
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Dozens of environmental activists gathered in front of the Commercial Office of Brazil yesterday, urging the Brazilian government to put a stop to the recently approved construction of the Belo Monte Hydroelectric Dam, which they say will destroy much of the Amazon rainforest. Read Article
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Brazil’s hotels are likely to set a record for growth in demand this year, spurring international chains to double their market share in South America’s largest country within a decade, Jones Lange LaSalle Hotels said. Read Article
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Argentina and Chile are jointly promoting their countries in a round of events in Australia with the purpose of drawing more Aussie tourists.The promotion coincides with the recent announcement of Australia’s flag carrier Qantas direct flights to Santiago de Chile, Chile’s capital. “The sales mission in Australia: Argentina and Chile in Australia” has congregated in […]
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Bayer CropScience has received the final approval for its herbicide tolerant soybean technology from the National Ministry of Agriculture in Argentina, according to the company. The Liberty Link technology conveys tolerance to the glufosinate-ammonium herbicide Liberty for effective, broad spectrum weed control. Read Article
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A report from the Chamber of Automotive Trade (CEC) in Argentina shows that used cars sales reached 158,770 in July, an increase of 23.12% from last year when only 128,955 cars were sold, according to infobae.com. From June to July this year there was a 2.39% increase. In the wake of recent market scares, representatives […]
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Economy Minister Amado Boudou rejected the possibility that Argentina launches a brusque devaluation of its currency to make exports more competitive and insisted Argentina needs no emergency or contingency plan to face the challenge of the current crisis in the developed economies. Read Article
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Mexico is one of the two countries in Latin America increasing its exports of fresh pineapples to the US during April, May and June of this year, thanks to trade promotion activities, supported by SAGARPA.Through the General Coordination of Trade Promotion and Export Promotion, ASERCA, SAGARPA, closed an agreement with the Pineapple Product System Committee […]
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Venezuela repatriate its gold reserves from abroad by air “as quickly as possible,” although there is still no definite date to start the process because it just is developing a protocol to follow, said Sunday the president of the Central Bank (BCV ).”We will bring the reserves as quickly as possible. I can not say […]
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Bogotá Aqueduct new business wants to generate close to $ 30 million over the next five years and across borders.This was announced by the entity manager Luis Fernando Ulloa, who explained that this initiative is framed in the internationalization program, and bore its first fruits in Argentina and Ecuador. Read Article
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The virtual shutdown of timber harvesting in the forest Guarayo, in northern Santa Cruz, has so far caused an estimated loss of $ 1.2 million for the community Guarayo estimated by the timber industry. Guarayo receive about $ 15 per cubic meter of wood extracted, which involves approximately $ 5.2 million a year for the […]
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Venezuelan President Hugo Chavez says he plans to give the government exclusive control over the nation’s gold mining industry to boost the country’s international reserves. Speaking on state television Wednesday, President Chavez said he will issue a decree in the coming days to nationalize operations currently under the control of private and foreign companies. Read […]
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The rating agency Standard & Poor’s has downgraded Venezuela’s credit rating, citing the country’s political risk as a key weakness. S&P lowered the country’s sovereign currency rating once notch Friday from BB¯ to B+ with a stable outlook. Read Article
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According to ElUniverso.com the Ecuadorian Air Force (FAE) has suspended the shipment of Cheetah fighter-bombers from South Africa until an investigation is concluded into an accident that injured an air force pilot on Monday, August 15th. Navy representatives say the pilot, Galo Alvarez, was able to land safely at the Taura Air Force Base after […]
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According to RPP.com.pe a specialist of citizen security with the non-governmental organization “Our City” says there is an unequal distribution of police to inhabitants in parts of the Peruvian capital, Lima. Carlos Romero says the majority of police forces are in the modern sectors of Lima leaving the sectors with the most inhabitants with little […]
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According to Peru21.pe the Marriott hotel chain has delayed their opening of a new hotel in Cusco, scheduled for June 2012. Maritza Montero, director of sales and marketing for Marriott says the budget for the project, $40 million, remains unchanged and that the construction and structure work was only delayed. Montero announced that construction of […]
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The trade surplus for all of Latin America with the United States went up 2.9% in June, according to abc.com.py. The total trade surplus for the first six months of 2011 totaled $38.644 million compared to $35.830 million last year, but not all countries experienced a gain. Mexico’s trade surplus increased from $32.884 million for […]
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The capital city of Buenos Aires is home to 6250 street-side food stalls selling anything from hot dogs, hamburgers, fruits and vegetables, to homemade empanadas, fresh squeezed orange juice and a variety of local snacks. According to infobae.com, only 40 of these food vendors are legal. A law regulating street food venders was passed in […]
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Medtronic today announced the first use in Latin America of renal denervation with the Medtronic Symplicity Catheter System™ to treat a patient with resistant hypertension, which is defined as high blood pressure despite treatment with three or more anti-hypertensive medications. Hypertension is an especially dangerous disease affecting hundreds of millions of people worldwide. Read Article
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Apricus Biosciences will seek regulatory approval in the coming weeks to sell its erectile dysfunction drug Vitaros in Mexico, Brazil and four other Latin American countries, the San Diego drug developer said Monday. Read Article
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Bombardier announced on Wednesday announced it will be opening its first regional support office in Latin America. The new facility will be located in Sao Paulo, Brazil, and is expected to be in service by the end of 2011. Read Article
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Canada’s free-trade agreement with Colombia will come into force Aug. 15, Prime Minister Stephen Harper said Wednesday. Harper made the announcement jointly with Colombian President Juan Manuel Santos during a visit to that country, his second stop on a Latin American tour this week. Read Article
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According to Andina.com.pe the Peruvian Ministry of Energy and Mines (MEM) announced they are using legal mechanisms for natural gas reserves in Block 88 to enter the domestic market. The Minister of Energy and Mines, Carlos Herrera Descalzi says their priority is to help the domestic market before exporting the natural gas from Block 88. […]
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According to Vistazo.com the Ecuadorian Interior Ministry has presented a resolution stating foreigners, over 18 years old, obtaining visas of residence in Ecuador must submit a record of criminal history in the country where they resided for the past 5 years. This announcement came on August 2nd in the Official Register N. 504. To obtain […]
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Making Up the Difference: Women, Beauty, and Direct Selling in Ecuador – Recorded interview with author Dr. Erynn Masi de Casanova (Recording Time – 01:17:40) Recorded August 04, 2011. PURCHASE BOOK: Making Up the Difference: Women, Beauty, and Direct Selling in Ecuador (Louann Atkins Temple Women & Culture) Globalization and economic restructuring have decimated formal […]
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According to ElComercio.com the Chilean state copper company, Codelco announced today, Monday August 1st, that it will begin mining project explorations in Ecuador with the help of Ecuador’s ENAMI and other private firms. Codelco, the largest copper producer in the world, says Ecuador is fairly new to metal mining and their copper mining knowledge could […]
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According to RPP.com.pe more than 400 merchants were victims of a four-hour assault by ten masked people with firearms in the district of Ayapata in the Quimsa Cruz sector of the Puno region. The victims say the attack lasted from 11 p.m. yesterday until 3 a.m. today, Monday August 1st. Merchants were robbed of their […]
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•Clara López, mayor of Bogotá, announced the possibility of daytime alcohol sale restrictions from 10 a.m. to 6 p.m. in areas by schools in the interest of protecting life . •Guillermo Botero, the president of Fenalco, called the further restriction of alcohol sales repressive and pointed to the effect on businesses per eltiempo.com. •Due to […]
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Vanguardia reports: • Frosts, droughts, floods and other natural phenomena are seriously affecting Mexico’s production of essential crops • 23 of Mexico’s 32 states are affected by the worst drought in 70 years; largest grain-producing states are most affected and many consider the year a total loss • 20 million tons of crops are threatened […]
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On Sunday in Arauquita, Arauca, Colombia, FARC released 5 workers from the OXY oil company who were kidnapped on Friday near the Venezuelan border according to larepublica.pe. There have been recent kidnappings of oil workers such as the kidnapping of the 4 Chinese workers who still have not been located. Read Article
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Earlier this month, Netflix said it would be launching movie and TV show streaming services in 43 countries in Central America, South America and the Caribbean. Netflix’s arrangement with CBS represents it first international deal with a major content supplier. Read Article
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Big gains in Latin America covered up U.S. declines at Colgate-Palmolive Co (CL.N) and Avon Products Inc (AVP.N), with the world’s largest direct seller of cosmetics seen as having a harder road to recovery. At Avon, revenue rose 19 percent in Latin America and fell 7 percent in North America. Sales at Colgate, best known […]
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Chilean salmon farmer Multiexport Foods SA ended a 3-day losing streak today after authorities said a virus recently confirmed at one fishing center had not affected production, quelling fears of an outbreak. Read Article
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•Eltiempo.com reports that Sergio Navas, Vice President of the Chamber of Exports of Costa Rica (Cadexco) has been in the care of the Clínica de Marly in Bogotá, Colombia after having suffered from scopolamine poisoning. •He was poisoned on Tuesday night, and there are several different versions of the event from different parties including the […]
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A report released by the National Institute of Statistics and Census (Indec) shows that supermarket sales in Argentina were 14.9% higher in June 2011 than last year, and increased a total of 26.5% in the first six months of the year, totaling about 6.5 million pesos, according to infobae.com. These changes, however, do not seem […]
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According to ElNorte.ec the government will begin charging the new electricity rates, without subsidies for those who exceed more than 500 kW/h per month. The director of marketing at Emelnorte says the new system of electricity prices will provide more efficiency to the residential sector. Emerlnorte officials say only 375 subscribers use more than 500 […]
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•The Metropolitan Police of Bogotá have checked if certain liquor selling establishments have been obeying the new restriction from decree 263 that liquor cannot be sold after 11:00 p.m.An •According to El Espectador, 4 establishments have been closed for violations. •Two bars have been closed for not fulfilling requirements, and the owners will have to […]
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The Government of Ecuador is planning to offer about ten mining concessions for exploration in October this year. Ecuador’s Minister for Non-Renewable Resources Wilson Pastor said that the administration of President Rafael Correa is expecting to sign exploitation and investment contracts with at least three foreign mining companies next month.Read Article
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•400 storeowners gathered in protest against the restrictions on the hours that liquor can be sold in Bogotá, Colombia. •Liquor cannot be sold after 11:00 p.m. in Bogotá which has caused liquor sales to drop 50% according to the protestors per noticias.terra.com.co. •The protestors have marched to the Plaza de Bolívar to protest the measure […]
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Media watchdogs around the world have denounced an Ecuadorian court decision to send four journalists to prison and impose a $40m fine for libel against President Rafael Correa. Correa pledged not to keep “one cent” of the libel award against the El Universo, a daily newspaper, after a judge convicted senior newspaper managers Carlos, Cesar […]
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According to ElNorte.ec tourism in Otavalo has increase significantly in the month of July, where authorities say about 10,000 tourists have made their way to the Plaza de Ponchos and other popular tourist sites in Otavalo. Officials say in previous years the tourist season picked up in August, but this year July seems to have […]
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ElComercio.com reports the lawyers for El Universo and the ex-columnist of the article, ‘No To Lies’ are rejecting a courts’ sentencing for slander against President Rafael Correa and his government. The three directors of El Universo and the columnist were sentenced to three years in prison and fines of $30 million and $10 million for […]
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According to ElComercio.com the National Confederation of Public Servants (Conasep) calculated that about 10,000 bureaucrats are interested in the new decree, which announced a voluntary retirement due to age. Officials say article 81 of the Organic Law of Public Service (Losep) establishes that workers under the age of 70 can take advantage of the new […]
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Caracol.com.co reveals that senator Dilian Francisca Toro supported the implementation of measures against cigarettes with the statement that 25,000 deaths a year are caused by 15 types of cancer caused by cigarettes in Colombia. She also expressed the necessity that children be kept away from cigarettes for the sake of their health. Currently, any venders […]
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ElComercio.pe reports that Puno business people have asked the Peruvian Ministry of Finance to declare an economic emergency in their region. Officials say this is due to the recent protests concerning mining concessions in Puno. The economic losses due to the protests stand at $200 million report CPN. Authorities from the Juliaca Chamber of Commerce […]
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(From the Economist) HOW do Latin America’s countries rank in terms of wealth? Whatever answer you have in mind is wrong, according to one measurement or another. Take GDP per capita: as of a few years ago, Brazil has been richer than Mexico. But if you account for purchasing power (that is, the amount of […]
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ElComercio.com reports the Ecuadorian vice-Minister of Security, Xavier Berrezueta announced this morning, Wednesday July 20th that foreigners applying for Ecuador’s permanent visas will have to undergo criminal background checks. The vice-Minister says the new rule began today, as well as revisions of current visas. Also, Berrezueta announced foreigners marrying in Ecuador would need to stay […]
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The agave plant (from which tequila is made) has over 170 known varieties which have a number of natural benefits and uses. However, as El Universal reports, the tequila industry uses clones of just one type of agave in order to rush its maturation. The use of cloned plants opens it up to many risks, […]
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According to ElComercio.com the media organization, El Universo presented a proposal to rectify an opinion article entitled, ‘No a las mentiras,’ or ‘No to lying,’ today Tuesday July 19th. However, El Universo’s proposal was ‘very late’ according to Correa and was not accepted says the President attorney, Alembert Vera. Correa is asking for $80 million […]
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•As of Thursday, the retail sale and advertisement of cigarettes will be banned in Colombia. •According to Caracol Radio’s report, new packets and images are to be used at the expenses of the companies, not the retailers. •There will also be an effort made to find work for moving vendors of cigarettes. •Any retailer found […]
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•The protests against 4 oil companies have left 6 people injured and several burnt vehicles in the Pacific Rubiales oil field in Meta, Colombia. •Rcnradio.com reports that the protests were incited by the dismissal of 1,100 workers from the JM oil installation company. •Complaints include labor exploitation, dangerous work conditions, and shifts of 30-40 days. […]
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The Canadian company that owns BlackBerry, Research in Motion (RIM), announced yesterday that it will begin producing its smart phones in Tierra del Fuego, Argentina starting this October, reports cronista.com. After months of resisting setting up a plant in Argentina, RIM finally caved due to monetary and market share losses they’ve suffered after their competitors […]
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Ecuadorian economist Pedro Francisco Páez voices the need of a new financial architecture for Latin American countries in order to avoid crisis informed SDPnoticias.com. Paez insists that the design of a new currency and financial security, other than the IMF, will ultimately safeguard Latin America’s financial stability. Read article.
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•Among the reforms in the new Law of Royalties in Colombia, Santos announced that no more unnecessary building works will be commissioned or paid for by the royalties from mining and energy resources. •El Tiempo reports that a Fund for Savings and Stabilization is to be established which will take a percentage of the resources […]
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Six men, between the ages of 19 and 30, were arrested last week in the act of collecting extorted money, El Mexicano reports. They are also being investigated for other crimes, such as carjacking. The men were arrested after they demanded 50,000 pesos (4,265 USD) as “fee payment” and gave the man a day to […]
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They call it El Puente Billinghurst: a bright orange, half-mile suspension bridge, straddling the thick, murky waters of Peru’s Madre de Dios River.But the Billinghurst is no ordinary bridge. When it is inaugurated later this month it will signal the realisation of a long-held dream: the completion of a 1,600-mile (2,600km) road cutting through some […]
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Civil society organisations* from Latin America, Europe and around the world have issued an open letter calling on the World Bank’s International Finance Corporation to reject a proposal to finance Calyx Agro, a company that acquires farmland in Latin America on behalf of wealthy foreign investors. Read Article
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ElComercio.pe reports that the Andean Development Corporation (CAF) has made $7.5 billion available to Peru for infrastructure projects and services, after its president, Enrique Garcia meet with Peruvian President-Elect Ollanta Humala in Caracas, Venezuela today, July 15th. Garcia says the amount will be made available over a five-year period and that CAF will provide specific […]
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Bank of America has sold its share in Mexico’s Santander Bank, but that does not mean that they are changing their strategy for Latin America, Univision reports. The sale comes as part of Bank of America’s decision to concentrate on their business priorities. As part of this activity, Bank of America has sold nearly $9.5 […]
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Latin American advertisers are still only scratching the surface in terms of using video for internet campaigns, Julio Zaguini, Google’s (Nasdaq: GOOG) Latin America director for relations with advertising agencies, told BNamericas. Read Article
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Some of the world’s most notorious polluters are closing ranks behind Chevron to help the oil giant evade its legal obligation to clean-up billions of gallons of toxic waste dumped into the Amazon region of Ecuador, according to legal briefs filed before a New York appeals court. Read Article
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According to AmazonWatch.org, a pipeline rupture in Maple Energy’s Oil Block 31-E, 75 miles north of the city of Pucallpa, spilled crude oil into the Mashiria River, the primary source of drinking water and key fishing ground for the neighboring indigenous Shipibo community of Nuevo Sucre, this past Sunday. The local operator for the Dublin […]
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•Tourists from Argentina, Bolivia, Brazil, Chile, Ecuador, Panama, Paraguay, Peru and Venezuela may enter Colombia for the World Cup U-20 beginning July 29 without passports, reported Terra.com. •According to the director of the Administrative Security Department, people from these nine countries need only submit their respective national identity cards. •Proexport, which promotes tourism in Colombia, […]
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The Aviation Pilots’ Union (ASPA) of Mexico has brought a second lawsuit against the Posadas business group. According to the lawsuit, which was brought before the Attorney General’s Office, the businessmen retained the withheld income tax from the salaries of Mexicana Airlines pilots, and then blamed employees for the tax “error” at the end of […]
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Officials and legal advisers to the Itaipú Binational Entity, the hydroelectric dam between Paraguay and Brazil, have announced today that they will keep their doors open in terms of the information available about the company to the public, per abc.com.py. This announcement has arrived in the wake of claims that the company has been unconstitutional […]
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According to ElComercio.com the lack of regulations in Ecuador’s Banana Law is causing conflicts between banana producers and exporters. Officials say that many banana exporters do not comply with the official price of a box of bananas, $5.50 per box. However, the law prevents authorities of the Ministry of Agriculture, Livestock and Fisheries (MAGAP) from […]
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Peruvian company Paiche Amazone — subsidiary of the Hochschild group –signed a contract with the French company Adrien to start marketing Peruvian paiche in the most sophisticated restaurants in Europe. Read Article
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Citizens of the Buenos Aires towns, Arturo Seguí, La Loma, San Carlos, barrio Norte, Gorina Villa Elvira and Berisso have been complaining this week of severe power outages, blackouts and disruptions in their electrical service, according to eldia.com.ar. The complaints continue today as some residents have suffered outages all week that power company Edelap is […]
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According to ElTelegrafo.com.ec the Electric Company of Quito and the Municipality government have signed an agreement for the development of the Program of Unemployment and Restructuring of Electricity Wires in public spaces. Officials say the project will provide more reliability and security to Ecuadorian citizens through the change of electricity distribution from aboveground wires to […]
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According to ElComercio.com Ecuador is fulfilling its promise to increase security measures for mobile phone users and decrease the rate of cell phone theft. The Minister of Telecommunications, Jaime Guerrero announced today, Thursday July 7th that the government issued a registration deadline for cell phone customers nine months from July 5, 2011. Guerrero announces that […]
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According to ElComercio.com Ecuador presented its first satellite, NEE-01 Pegaso, on the first day of the Fourth International Congress of Telecommunications, Information Technology and Communications at the hotel Hilton Colon in Quito. The Ecuadorian Civil Space Agency presented the new satellite with the help of astronaut Ronnie Nader. Reportedly the official launch occurred on the […]
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According to data from the National Meat Institute, Venezuela, Brazil and Israel have increased the amount of beef they import from Uruguay in the first half of 2011 since last year, per elpais.com.uy. In Israel, imports increased 12.8% and revenue was up 46%, Venezuela import was up 37.1% and revenue up 32.3% and in Brazil […]
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ElComercio.com reports on July 6th, that Petroecuador has postponed the negotiations of “mature” oil fields in order to enhance the natural recovery time in the area. This report was broken by Andes news organization, last night. The story says the areas of recovery include the oil fields of Auca, Shushufindi, Cuyabeno, and Libertador that are […]
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According to ElComercio.com Ecuadorian household consumption is higher than last year at 7.55% for the first quarter. The Central Bank chairman, Diego Borja says that three factors have influenced the consumption increase, the volume of credit extended by the Ecuadorian financial system, remittances from family abroad, and rising real wages. Officials point to other economic […]
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ElComercio.com reports that the Ecuadorian IRS has closed the Marriot Hotel in Quito since hotel officials did not provide information required by the IRS. Officials say that closure signs will be present for seven days. However, since the incident involves a hotel the IRS will respect the guests that are residing in the building. Officials […]
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•Colombia has imported 13 new cars for the Medellin subway system, as part of the effort named Confianza en el Futuro 2006-2013 (Confidence in the Future). •According to the video by El Espectador, the new train cars will help to increase subway capacity. •These subway trains from Spain are units of the widest models of […]
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The Mexico City Department of Tourism met with the Department of Communication and Transportation to request the construction of a new airport in the country’s capital or to at least add two new runways to the existing airport, El Universal reports. The Department of Tourism says there is increasing interest from airlines wishing to add […]
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According to ElComercio.com the Teleferico Complex opened in May 2005 with 80 business including restaurants, fast food chains, ice cream parlors, souvenir shops, a nightclub and an amusement park. However, in 2011 the complex is left with seven open businesses. Juan Pablo Hidalgo, marketing manager for Vulcano Park and Prostatus Company says that food marketing […]
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According to Hoy.com.ec the state owned Petroecuador has signed an agreement with China to sell 130 million barrels of petroleum to Chinese state oil company, Petrochina, within a period of six years. Marco Calvopiña, the president of Ecuadorian Petroleum says that he hopes Ecuador can deliver 60,000 barrels per day to complete the contract in […]
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According to ElComercio.com eight legal proceedings against Ecuador are pending in the international courts. Claims against Ecuador are reportedly about $4,658 million, which only take into account five of the eight cases where damages have been quantified. Most of the lawsuits are from oil companies, while two of the lawsuits come from the companies Global […]
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According to Peru21.pe the owner of Sumaq Machu Picchu Hotel, cable company Cable Andina says that in the days leading up to and during the centennial celebration, 45% of hotel reservations in Aguas Calientes are United States tourists. The managing director of Andina says that other tourists are from Australia, Spain, England, and Japan. These […]
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ElComercio.com reports that Ecuador’s Minister of Finance has completed final negotiations with the Eximbank of China for the credit of $571 million to finance the Sopladora hydroelectric project. Reportedly, the loan has an interest rate of 6.35% for a 15-year term with four years grace period. Chinese funding will be 85% of the entire project, […]
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PERU Indigenous Women Weave New Community Ties By Milagros Salazar Vilma Matías weaving on a loom at the Lucanamarca workshop. Credit:Milagro Salazar/IPS Buy this picture LUCANAMARCA, Peru, Fuchsia, green and turquoise yarn shuttles swiftly across the wooden loom Dora Huancahuari has learned to use. Together with other craftswomen, she has started a small weaving business […]
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Argentine president Cristina Kirchner commented on the economic status of the country, stating that if reelected for another term, she will ensure industry growth and Argentina will remain a model of democratized growth around the world, according to infobae.com. The remarks were made at the Casa Rosada yesterday afternoon during a ceremony held to officially […]
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