Latest Latin America
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STXNEWS LATAM-Nau rates Brazils Ita buy Bradesco fair value
Wed May 22, 2013 9:41am EDT Analysts at Nau Securities led by Iigo Vega initiated on Wednesday coverage of Brazilian private-sector banks Ita Unibanco Holding SA and Banco Bradesco SA. Vega and his team rated shares of Ita "buy" with a price target of 40 reais; the rating on Bradesco is "fair value" at a target of 38 reais. In the case of Ita, Vega said that while the bank, ...
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British Top Diplomat Stresses Need for Syria Conference
British Foreign Secretary William Hague speaks as Jordanian Foreign Minister Nasser Judeh (R) listens during their joint news conference before a meeting of the Friends of Syria alliance in Amman, May 22, ...
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Afghan President Asks India for Military Aid
Afghan President Hamid Karzai has given a "wish list" of military equipment to India in hopes of securing more aid before international troops leave his country next ...
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Coty Inc. And Frajo Announce A New Joint Venture In Brazil
NEW YORK, May 22, 2013 /PRNewswire/ -- Coty Inc., an emerging leader in global beauty, is pleased to announce that it will form a joint venture in Brazil with Frajo Internacional, a leading Brazilian cosmetics distributor. The new venture will distribute and market Coty mass/masstige brands in the retail ...
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Family of B.C. man missing in Mexico frustrated with police probe
The family of a Canadian man who went missing in Mexico two weeks ago fear they are unable to trust the local police who are leading the investigation. Diego Hernandez, a 22-year-old martial arts instructor from British Columbia, and his American friend Craig Silva, disappeared from the Mexican resort city of Puerto Vallarta on May 8. The two were in the country to organize a mixed martial ...
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In Peru PMs officials say Harper will answer questions on Senate controversy
Pedro Cateriano, Peru's Minister of Defence, left, welcomes Prime Minister Stephen Harper upon his arrival in Lima, Peru on Tuesday, May 21, 2013. (Sean Kilpatrick / THE CANADIAN ...
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STXNEWS LATAM-Brazil stock ratings price targets for Wednesday
Wed May 22, 2013 9:01am EDT The following is a list of price target and rating activity for Brazilian stocks on Wednesday: 1) JPMorgan Securities analyst Ken Worthington raised the price target for shares of Brazilian financial bourse operator BM&FBovespa SA to 16 reais from 14 reais, citing "higher valuations that global exchanges are again commanding in the market place on what we believe ...
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Olympics-Puerto Ricos Carrion makes run for IOC presidency
By Karolos Grohmann BERLIN | Wed May 22, 2013 8:59am EDT BERLIN May 22 (Reuters) - Puerto Rican banker Richard Carrion launched his bid for the presidency of the International Olympic Committee (IOC) on Wednesday, with his long financial experience a powerful pitch in his quest for the world's top sports job. The 60-year-old Carrion, who is chairman of Puerto Rican lender Popular ...
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Nokia Siemens Plans Management Overhaul to Cut Costs
Siemens AG (SIE) cuts costs. Eduardo Araujo, head of Latin America, is set to leave as Nokia Siemens dismantles parts of its organization to become more aligned with customers rather than regions, according to a memo sent to employees and obtained ...
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mHealth can treat 40 mn patients in Latin America
mHealth adoption in Latin America can lead to treating 40 million additional patients in Brazil and Mexico The GSMA today unveiled research that demonstrates the socio-economic transformation that mHealth adoption will have in Latin America, with findings indicating that more than 40 million additional patients could be treated in Brazil and Mexico alone in 2017 through the use of mHealth ...
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Eric Garcetti Wins Los Angeles Mayors Race
After receiving a concession call from Wendy Greuel shortly after 2 a.m. Wednesday, Garcetti tweeted his supporters: "Let's make this city great ...
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More Fighting in DRC City Ahead of Bans Arrival
Wednesday's fighting outside the city of Goma marks the third straight day of clashes between the Congolese army and rebel group M23. Witnesses say an artillery round landed in Goma's Ndosho neighborhood, killing one person and injuring three others. There was no indication which side launched the round. Mr. Ban arrived in the DRC capital, Kinshasa, on Wednesday, at the start ...
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ON Telecom picks Aircom for LTE design optimisation in Brazil
Aircom International, a leading independent software and solutions provider for improved network performance, has inked a contract deal with Brazilian wireless broadband start-up ON Telecom, for the design and optimisation of its new Long Term Evolution (LTE) network. The newcomer intends to leverage ...
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Ezentis secures fixed network contract from Telefonica de Argentina
In a statement to the Madrid stock exchange, Spanish telecoms and technology group Ezentis has announced that its Argentine subsidiary, Radiotronica, has been awarded a contract by fixed line telco Telefonica de Argentina. The deal, which is valued ...
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Brazil consumer prices rise 0.46 pct in month to mid-May
SAO PAULO, May 22 (Reuters) - Brazil's benchmark IPCA inflation index rose 0.46 percent in the month to mid-May, slightly below the median of analysts' forecasts, government statistics agency IBGE said on Wednesday. The index had been expected to rise 0.49 percent in the period, according to the median forecast of 26 analysts surveyed by Reuters. Estimates ranged from 0.38 percent to ...
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Is South America’s latest strongman a woman
LIMA, Peru - High heels and mascara may be the last things that spring to mind when talking about Latin America’s pantheon of authoritarian strongmen. Yet for her opponents, the latest controversial move of Argentina’s immaculately made-up president, Cristina Fernandez de Kirchner, has cemented her place in the region’s ...
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Dominican Republic eyes growth to slash poverty
SANTO DOMINGO.- Economic growth that translates into poverty reduction and a stronger middle class in the Dominican Republic was at the center of a series of concrete actions presented Tuesday in a high-level national ceremony hosted by the country at the Presidential Palace. The presentation is part of the Caribbean Growth Forum (CGF), a two-year regional platform for dialogue to foster higher ...
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Harper in Peru for trade talks amid Senate expense scandal
Prime Minister Stephen Harper arrives in Lima on Tuesday as part of a four-day trip to South America to talk about trade and bilateral relations. (Sean Kilpatrick/Canadian ...
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Reuters Summit Argentina plans to protect seed tech
By Nicols MisculinBUENOS AIRES (Reuters) - Grains powerhouse Argentina aims to improve its soy and corn output by adopting a law securing the rights of seed companies to protect their genetic modification technology, a government minister said on Tuesday.The government plans to send a bill to Congress late this year to stop big plantations from using seeds from genetically-modified plants ...
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EU Leaders Hold Energy Summit
European energy costs are high, in contrast with those in the United States where new shale oil and gas resources have sent prices tumbling. EU President Herman Van Rompuy, the host of the summit meeting, says Europe risks becoming the only continent to depend on imported energy. However, shale oil and gas production present a potentially high environmental risk. Critics say hydraulic ...
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French Writer Commits Suicide at Notre Dame in Paris
French policemen cordon off in front of Paris' Notre Dame Cathedral following the evacuation of the after a man shot himself dead in front of the altar, May 22, ...
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Harper test-drives new extractive industries approach to aid in Peru
Prime Minister Stephen Harper arrives in Lima, Peru on Tuesday, May 21, 2013. Following his visit Harper will travel to Cali, Columbia for the Pacific Alliance summit. THE CANADIAN PRESS/Sean ...
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Chinas Premier Seeks Stronger Ties with Pakistan
A soldier walks near a bus as he helps to secure the area and clear the roads before the motorcade of Chinese Premier Li Keqiang passes by in Islamabad, May 22, ...
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Ai Weiwei Releases Provocative Heavy Rock Music Video
Chinese rebel artist and rights activist Ai Weiwei has released a provocative new heavy rock music video that recreates his 81 days in secretive police ...
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It’s back to basics for Venezuela
A customer leaves a private supermarket with her purchases, including toilet paper, in Caracas, Venezuela. First milk, butter and coffee ran short. Now Venezuela is running out of the most basic of necessities - toilet ...
Cuba Focus
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Cuba and Venezuela pushing ahead with major undersea project
Submarine cables are the information gateways of the modern world and Cuba will soon be linked to Venezuela and Jamaica by one, which will increase the efficiency of information flows between the countries by over 3000 times.
Work on an underwater cable that will link Cuba, Venezuela and Jamaica is underway with the survey ship RV Ridley Thomas mapping the ocean floor between the countries to determine the exact path of the cable. Read more
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