Posts Tagged ‘Latin America’
Brazilian police arrested 10 heavily armed men and rescued 35 people who had been held hostage for almost two hours at a five-star hotel in one of Rio de Janeiro's
Posted: August 22, 2010 in most wanted terrorists and criminalsTags: Brazil, Brazilian police, Colonel, Intercontinental Hotel, Latin America, law enforcement, Lima Castro, Murder, National security, Police, Public safety, Reuters, Rio, Rio de Janeiro, Rio de Janeiro,Rio de Janeiro,Brazil, Security, Shootout, Spokesman, the 2014 World Cup, the 2016 Olympic games, Thomson Reuters Group Ltd, War_Conflict, World Economic Forum
Brazilian police on Saturday arrested 10 heavily armed men and rescued 35 people who had been held hostage for almost two hours at a five-star hotel in one of Rio de Janeiro’s richest neighborhoods.The gunmen, armed with automatic weapons and grenades, were driving in several cars on a scenic road along the ocean when they met with police patrols.
A shootout followed in Rio’s Sao Conrado neighborhood and the hooded suspects escaped into the Intercontinental Hotel, which last year hosted the World Economic Forum on Latin America. A woman bystander was killed and two police officers were hurt in the exchange of gunfire, police said.”I have never seen so many criminals together. All of them were wearing the same outfit, like uniforms, and were on the streets shooting into the open air,” a resident who witnessed the event and asked not to be named told Reuters. “It was a war zone.”TV images showed suspects wearing black bullet-proof vests and hiding behind a garbage truck during the shootout with police, before running into the hotel.
Colonel Lima Castro, a spokesman for Rio’s military police, said the 35 hostages were freed without harm. Police swept the entire hotel and arrested 10 people.Violent crime is a major concern in Rio, where heavily armed drug gangs control its many slums. The sprawling city is Brazil’s biggest tourist destination and will host the 2016 Olympic games, as well as be a venue for the 2014 World Cup.(Reuters)
Tungurahua volcano erupts, Ecuadorean villagers evacuate
Posted: May 29, 2010 in breaking newsTags: director, Disaster_Accident, Ecuador, Ecuador's Geophysical Institute, Environment, Europe, Fausto Chunata, Fernando Guerrero, Geology, Guatemala, Guayaquil, Guayaquil airport, Guayaquil,Guayas Province,Ecuador, Hugo Yepes, Iceland, Icelandic volcano, José Joaquín de Olmedo International Airport, Latin America, Lima-Quito, Manta, Mayor, Miami International Airport, national director of civil aviation, Pacaya, Pacaya volcano, Penipe, President, Provinces of Ecuador, Quito, Quito,Pichincha Province,Ecuador, Reuters, Stratovolcanoes, Thomson Reuters Group Ltd, Tungurahua, visit Ecuador, Volcanology
the second volcanic eruption in Latin America on Friday, loud explosions shook the ground and rattled windows near the volcano known as Tungurahua in the indigenous Quechua language, 130 km (81 miles) southeast of Quito, officials said.Residents close to the 5,020-meter (16,500 feet) volcano were evacuated from Cusua and Juive Grande villages, the president’s office said in a statement.
Officials in the area said hundreds of families had been moved, while Ecuador’s aviation authorities closed the airport in coastal Guayaquil and altered the routes of some flights to avoid the ash cloud.”The eruptive column is some 10 km (33,000 feet) high,” Hugo Yepes, director of Ecuador’s Geophysical Institute, told reporters.
Tungurahua has been classed as active since 1999 and had a strong eruption in 2008. It is one of eight active volcanoes in the country.Yepes said ash plumes could “easily” reach the 35,000 to 40,000 feet at which long distance flights operate. “As such there should be at least a diversion for international routes,” he said.Ash particles can cause serious damage if sucked into airplane engines. An Icelandic volcano caused widespread disruption and major losses for airlines after flights were grounded for days in Europe in mid-April.The authorities temporarily closed the airport in Guayaquil, where the runway was covered in ash, and diverted planes heading there to Quito and Manta.
Officials also altered some flight routes to avoid the plume, including Lima-Quito and domestic routes between the capital and Guayaquil and the Andean city of Cuenca.The national director of civil aviation, Fernando Guerrero, told Reuters that the Guayaquil airport would reopen later once the runway had been cleared.
The authorities have moved to safety about 500 families in five communities close to Tungurahua, officials said, while an unknown number of people left the area of their own accord.”At the moment we are keeping a yellow alert in effect for the area,” said Fausto Chunata, mayor of the nearby town of Penipe, adding that they might order more evacuations later.
Banos, a town popular with foreign and local tourists, was among the places evacuated voluntarily, officials said.In Guatemala, another geologically volatile Latin American country, villagers fled and the international airport was closed after the Pacaya volcano erupted close to its capital.
Venezuela Authorities temporarily halted the trading of government bonds
Posted: May 19, 2010 in EconomicTags: Attorney General's Office, Bond, Business_Finance, Caracas, Caracas,Venezuelan Capital District,Venezuela, Central Bank President, Economics, Hugo Chavez, Inflation, Jorge Giordani, Latin America, local banking analyst, Maria Fernandez, National Statistics Institute, Nelson Merentes, Planning Minister, President, Securities Commission, Tomas Sanchez, VEB, Venezuela
CARACAS, Venezuela Authorities temporarily halted the trading of government bonds on Tuesday and said they would seek to control Venezuela’s currency exchange rates by setting a range of permitted prices in the bond market.National Securities Commission President Tomas Sanchez said that bond trading is being suspended while new regulations are established following the approval last week of legislation increasing the Central Bank’s control over currency trading.
The government also plans to seize control of brokerage firms suspected of conducting “speculative operations,” Sanchez said.
Central Bank President Nelson Merentes, meanwhile, announced a plan to establish a band with maximum and minimum prices in bond trading, which until last week had been an important outlet for Venezuelans to obtain U.S. dollars.
President Hugo Chavez is seeking to crack down on currency speculation that he blames for soaring inflation and the decline of Venezuela’s bolivar currency on the unregulated market. The embattled bolivar reached 8.30 bolivars to the dollar on the so-called parallel market on Tuesday – almost twice the official exchange rate of 4.30 applied to nonessential goods.
The government is worried because the rising price of dollars on the parallel market increases the cost of consumer goods in Venezuela, which imports more than half the products it consumes despite Chavez’s efforts to boost domestic production.Roughly 30 percent of imports and 70 percent of capital repatriation traditionally occurs through the government bond market, according to the Caracas-based Ecoanalitica think tank.
Consumer prices jumped 5.2 percent in April alone, driving the annual inflation rate to 30.4 percent – the highest in Latin America – according to the Central Bank and National Statistics Institute.
Planning Minister Jorge Giordani accused brokerge firms and Venezuela’s media of trying to drive up the cost of the bolivar on the parallel market, and he warned they could face criminal charges “if they continue this perverse game of creating expectations” within the market.”The Attorney General’s Office will have to take action,” Giordani said.It remains unclear how local brokerages will continue turning a profit.
Maria Fernandez, a local banking analyst, predicted the new regulations would lead some brokerage firms to bankruptcy.Many brokerages will be forced to impose “a significant reduction of employees” in order to survive, but others probably will close because the business “is no longer viable” for them, Fernandez said in a telephone interview.(AP)
Four Spanish soldiers seconded to the UN peacekeeping mission in Haiti, was reported killed
Posted: April 17, 2010 in breaking newsTags: Americas, Disaster_Accident, Dominican Republic, Environment, Geography, George Ola Davies, Haiti, Island countries, Latin America, Political geography, Port-au-Prince, Republics, Spanish army, Spokesman, United Nations, War_Conflict
PORT AU PRINCE, Four Spanish soldiers seconded to the UN peacekeeping mission in Haiti, was reported killed.”Four people have us confirm the Spanish army were killed in a helicopter crash on the border of Haiti and the Dominican Republic,” said George Ola Davies, spokesman for the UN, Saturday (17/4/2010).Spanish military helicopter crashed in the area’s steep cliffs in Haiti on Friday in a steep cliff 50 miles southeast of the capital of Haiti.
According to George Ola-Davies, seconded Chilean helicopter for the UN peacekeeping mission, the crew finally managed menindetifikasi who died.”Location of the accident about 50 miles southeast of the capital of Haiti. Terrain is very heavy, very steep cliff,” he said.
Global airlines are undergoing a surprisingly strong recovery with Asian and Latin American carriers leading the way
Posted: March 11, 2010 in breaking newsTags: airline, American Airlines, Asia, average oil price, British Airways, British Airways PLC, Business_Finance, Chief Executive, Europe, Geneva, Geneva,Canton of Geneva,Switzerland, Giovanni Bisignani, Global airlines, International Air Transport Association, Latin America, lower corporate travel budgets, Open Travel Alliance, Travel, United States, USD
GENEVA Global airlines are undergoing a surprisingly strong recovery with Asian and Latin American carriers leading the way, the leading industry group said Thursday as it halved its loss forecast for 2010 to $2.8 billion.The International Air Transport Association said carriers began bouncing back late last year, and have continued to see stronger demand after posting record losses during the global economic crisis. The group also lowered its 2009 loss estimate to $9.4 billion from $11 billion because of the year-end rally.”We are starting to see some blue skies ahead of us,” said IATA chief executive Giovanni Bisignani.The group, which represents 240 airline companies worldwide, had predicted in December that 2010 losses would total $5.6 billion because of the “extraordinarily low” yields airlines are generating – the average price someone pays to fly one mile.
Yields are now expected to improve 2 percent for passenger planes, and 3.1 percent for cargo traffic this year, despite a glut of planes on the market and lower corporate travel budgets. Both key statistics dived 14 percent in 2009.Passenger demand should grow 5.6 percent for the year, while cargo demand could jump 12 percent, IATA added. It said strong growth in Asia and Latin America was offsetting lagging demand in Europe and the United States.”We are seeing a definite two-speed industry,” Bisignani told reporters. He noted that American and European travelers may take a longer time to return to higher-priced business class seats for short-haul flights, and said markets in their regions continued to contract.
European carriers are expected to post a $2.2 billion loss, the largest in the world, while North American airlines could lose $1.8 billion because of a jobless recovery and poor consumer confidence, the group said. By contrast, Asian-Pacific companies could make $2.7 billion and Latin American carriers another $800 million.Bisignani said 2010 represents the halfway point in a recovery effort that could take three years – even if that still doesn’t mean profits. Airlines should generate $44 billion in revenues more than last year, but that is still be $43 billion below the industry’s 2008 peak, he said.IATA warned, however, that higher fuel costs would hamper any industrywide rebound. It is now gauging an average oil price of $79 a barrel for the year, meaning $132 billion in costs for carriers. That’s over a quarter of all operating costs.
“Oil is a wild card,” Bisignani conceded.Speaking on industry developments, he noted over 30 airlines were knocked out of business since the crisis began and that carriers have lost nearly $50 billion in the last decade. They now hold over $200 billion in debts.”This is not the time for increases in salaries or prices for services,” Bisignani said, without mentioning specifically Lufthansa’s strike last month or similar action threatened at British Airways.”It’s certainly not the time for strikes,” he said. “All the partners need to work together to get out of these red numbers.”(AP)
Hillary Rodham Clinton is heading to Latin America on a weeklong, five-nation tour expected to be dominated by the earthquake in Chile
Posted: February 28, 2010 in breaking newsTags: Brazil, Chile, Clinton, Costa Rica, Disaster_Accident, Guatemala, Hillary Rodham Clinton, Iran, Islamic Republic of Iran, Jose Mujica, Latin America, NEW YORK, Politics, Politics of the United States, President, Secretary of State, U.N. Security Council, Uruguay, Washington, Washington,United States, Women in politics
WASHINGTON Secretary of State Hillary Rodham Clinton is heading to Latin America on a weeklong, five-nation tour expected to be dominated by the earthquake in Chile and building support for fresh penalties against Iran.Clinton plans to leave Washington on Sunday evening to attend the inauguration of Uruguay’s new president, ex-guerrilla Jose Mujica (MOO’-hee-kah).Unless the earthquake alters her itinerary, Clinton is due late Monday in Chile, where she will offer support for disaster rescue and recovery efforts.In Brazil, Clinton will seek support for more penalties on Iran over its nuclear program. Brazil is a voting member of the U.N. Security Council and has been reluctant to impose additional penalties.Clinton wraps up the trip with stops in Costa Rica and Guatemala.(AP)