Japan-Latin America trade on the up
The latest data from Latin Business Chronicle on trade between Japan and Latin America shows a relationship that has continued to grow and flourish. The East Asian giant remains among the top 10 trading partners of many of the region’s countries. Latin Business Chronicle spoke with Japanese Deputy Consul General in Miami Masahiro Ogino and consular advisor Ayumu Shimada about the trends in trade and investment between Japan and Latin America.
Argentina holdout case to have global impact: UN
Rulings will make future debt restructuring more difficult, agency said
The Supreme Court’s decision not to review a ruling that Argentina must pay holders of defaulted debt in full could have consequences for the global financial system, a United Nations agency said. “The rulings will make future debt restructuring even more difficult” because they will deter creditors from participating, the United Nations Conference on Trade and Development said, Businessweek reports.
Ecuador proposes end to presidential two-term limit
Move aims to allow leader Rafael Correa (right) seek re-election in 2017
Ecuador's ruling political party, Alianza País, presented to the national assembly on Wednesday on a controversial plan to end a two-term limit for the re-election of the president, give new powers to the military and increase oversight of the country's media. The opposition has fiercely criticized the proposed package of at least 17 reforms to the 2008 constitution with possibly more to follow, Reuters reports.
Latin America port activity confirms sluggish trade
Movement in region's container terminal grew 1.7 percent last year
Container movement at ports in Latin America and the Caribbean grew just 1.7 percent in 2013, confirming the slowdown in the region's foreign trade, the UN Economic Commission for Latin America and the Caribbean, ECLAC, said. That figure was significantly lower than the 14 percent growth in port activity in both 2010 and 2011 and the 5.9 percent expansion in 2012, the ECLAC added, Fox News Latino reports.
Peru judge jails governor opposed to Newmont mine
Gregorio Santos given 14-month sentence amid probe
Gregorio Santos (right), the governor who supported protests against Newmont Mining Corp’s Minas Conga gold project in Peru was ordered to jail for 14 months amid a probe of allegations officials in his government took bribes. Colorado-based Newmont and local partner Cia. de Minas Buenaventura postponed work on the $5 billion Minas Conga project in Cajamarca in 2012 after farmers staged protests over its impact on water supplies, Bloomberg reports.
Doubts increase over Petrobras Forbes
Brazil World Cup far from the disaster feared Xinhua
Mammoet opens new Latin American and European offices Marine Link
Santander says correction in Latin America bond market "inevitable" Reuters