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Mar 27, 2012

Peru president’s kin causes headaches for leader

LIMA (Reuters) – Oh, brother!

It’s apparently not enough that Peruvian President Ollanta Humala has to solve mining protests and figure out how to keep the Latin American country’s economy booming. Now his own highly eccentric family is adding more trouble with their antics.

One of his brothers was recently shown on television smoking pot in prison. Another brother told the media that Humala’s wife actually runs the country. And a third embarrassed him by negotiating gas deals with Russia without permission.

Mar 19, 2012

Analysis: Nimble neighbors outshine Brazil on growth

MONTEVIDEO (Reuters) – Swift growth by nimble Latin American countries like Chile, Colombia and Peru has put renewed focus on regional heavyweight Brazil, whose relatively closed, high-tax economy is now sputtering below its potential.

The three Andean countries grew more than twice as fast as Brazil last year and are expected to outpace it again this year. Brazil has also lagged its peers in the BRIC club of emerging market heavyweights that includes China, India and Russia.

Mar 17, 2012

IADB plans natural disaster fund for Latin America

MONTEVIDEO, March 17 (Reuters) – The Inter-American
Development Bank has proposed allowing member countries to tap
loans in case they need to respond to natural disasters, the
multilateral lender’s president said on Saturday.

Luis Alberto Moreno said the disaster funding would be
financed by credits normally set aside for counter-cyclical
spending in sharp economic downturns.

Mar 14, 2012

Exclusive: Peru’s Merino to push for payment of defaulted bonds

LIMA (Reuters) – Beatriz Merino, arguably the most respected public figure in Peru, is taking on a new role as the advocate for holders of the country’s infamous land bonds who want the government to finally pay billions of dollars in old debts.

Merino, a lawyer by training and Peru’s first woman prime minister, told Reuters in an interview on Tuesday that the time has come for the executive branch to end a 40-year-old controversy and take care of a liability estimated at $1 billion to $3 billion, or nearly 2 percent of gross domestic product, by paying off the bonds issued to people whose land was seized for redistribution.

Mar 14, 2012

Peru’s Merino to push for payment of defaulted bonds

LIMA, March 13 (Reuters) – Beatriz Merino, arguably
the most respected public figure in Peru, is taking on a new
role as the advocate for holders of the country’s infamous land
bonds who want the government to finally pay billions of dollars
in old debts.

Merino, a lawyer by training and Peru’s first woman prime
minister, told Reuters in an interview on Tuesday that the time
has come for the executive branch to end a 40-year-old
controversy and take care of a liability estimated at $1 billion
to $3 billion, or nearly 2 percent of gross domestic product, by
paying off the bonds issued to people whose land was seized for
redistribution.

Feb 24, 2012

48 hours in Lima, Peru

LIMA (Reuters) – Got 48 hours to explore Lima? Long considered just a stopover on the way to the famous Inca ruins at Machu Picchu, Lima has emerged as a destination spot of its own in recent years and boasts the best cuisine in Latin America.

Reuters correspondents with local knowledge help visitors get the most from a weekend visit in the Peruvian capital:

Feb 24, 2012

Travel Postcard: 48 hours in Lima, Peru

LIMA, Feb 24 (Reuters) – Got 48 hours to explore Lima?
Long considered just a stopover on the way to the famous Inca
ruins at Machu Picchu, Lima has emerged as a destination spot of
its own in recent years and boasts the best cuisine in Latin
America.

Reuters correspondents with local knowledge help visitors
get the most from a weekend visit in the Peruvian capital:

Feb 23, 2012

Stung by fuel, LAN embraces RNP navigation tools

LIMA, Feb 23 (Reuters) – Stung by higher fuel costs,
LAN Airlines flew Latin America’s first flight on Thursday using
a navigational system from takeoff to landing that it says will
save time and money and reduce pollution.

LAN said the Required Navigation
Performance system by General Electric will cut 19 miles
(31 kilometers), 6.3 minutes, 67.5 gallons of fuel and 1,420
pounds of carbon emissions from each flight on its popular
Cusco-Lima route, which takes tourists from the Inca ruins of
Machu Picchu in the treacherous Andes to the capital on the
Pacific Coast.

Feb 12, 2012

Peru captures wounded Shining Path rebel leader

LIMA (Reuters) – The most important leader of Peru’s leftist Shining Path insurgency has been captured by security forces after being shot in a remote jungle rife with drug trafficking, President Ollanta Humala said on Sunday, announcing his first major victory against what remains of the rebel group.

Artemio, the nom de guerre of Florindo Eleuterio Flores, was seriously wounded and receiving medical attention, Humala said.

Jan 27, 2012

Republican Santorum heads home as he lags in Florida

TALLAHASSEE, Florida (Reuters) – Trailing in opinion polls, Republican presidential candidate Rick Santorum headed home to Pennsylvania on Friday for a short visit, effectively turning his back on the Florida primary that has become a two-man race between Newt Gingrich and Mitt Romney.

While Romney and Gingrich battle it out in Florida, Santorum is returning to attend a fundraiser, prepare his tax returns for release and hold a news conference in West Chester.

    • About Terry

      "I lead our coverage in Peru, where I have been since August 2007. Before that, I worked in Brazil for seven years covering all things under the sun."
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