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- Venezuelan-born academic named president of MIT
 CAMBRIDGE, Massachusetts (Reuters) - The Massachusetts Institute of Technology on Wednesday named Rafael Reif, an electrical engineer born in Venezuela who has been the university's provost since 2005, as its 17th president. Reif, 61, replaces Susan Hockfield, the first female president of MIT, who announced in mid-February that she was stepping down after almost eight years leading one of the most prestigious universities in the United States. Reif will take up his post at the Cambridge, Massachusetts, university on July 2, the first MIT president not to be a native English speaker. ...
- UPDATE 1-Growers derail tax hike in Argentine farm province
* Halt to tax hike seen as setback for Governor Scioli * Growers say proposed tax hike would be crippling * Provincial farmers call five-day strike in protest * Growers inundate provincial capital in lobbying blitz BUENOS AIRES, May 16 (Reuters) - A last-minute lobbyingblitz by farmers in Argentina's top grains province, BuenosAires, stopped local lawmakers from raising land taxes onWednesday in an unexpected setback for Governor Daniel Scioli. ...
- Santiago demo
 Students protest demanding higher quality, free public education in Santiago, Chile.
- At the bus stop
 A woman waits for the bus in front of a graffiti depicting Venezuelan President Hugo Chavez, in Caracas.
- Argentine province set to hike taxes, farmers strike
* Five-day grains sales halt not expected to slow exports * If extended past Sunday, strike could hit shipments * Buenos Aires province seen hiking land taxes * Growers say proposed tax hike would be crippling BUENOS AIRES, May 16 (Reuters) - Lawmakers loyal toPresident Cristina Fernandez scurried to gather the votesneeded to raise land taxes in Argentina's No. 1 grains provinceon Wed nesday, while farmers went on strike to fight theproposal. ...
- Analysis: Argentines jump through new hoops to get dollars
 BUENOS AIRES (Reuters) - Argentina's quest to keep dollars in the country is spawning illegal money trades inside offices and even schools. But big companies have fewer ways to skirt currency controls and must adapt to the country's offbeat, changeable rules. President Cristina Fernandez, a feisty populist, vowed to "fine-tune" economic policy after winning re-election in October. She has since limited imports, imposed capital controls and seized a majority stake in top energy company YPF. ...
- JGB Bank owner buys HSBC’s South American division
The owner of Doral-based JGB Bank has agreed to purchase control of HSBC Holdings’ South American operations for $400 million, according to multiple media reports.
Grupo Gilinski, led by Colombian banker Jaime Gilinski, had its GNB Sudameris agree to buy the HSBC operations in Colombia, Uruguay, Peru and Paraguay. The deal for the 62 branches and $4.4 billion in assets should close in the first quarter of 2013.
Gilinski’s JGB Bank is a separate entity from his South American bank, and it is...
- American Airlines plans more Brazil flights
Fort Worth-based American Airlines said Wednesday that it’s seeking U.S. Department of Transportation approval to add 17 flights between the United States and Brazil later this year.
“Brazil is a very important and growing market for American Airlines,” said Virasb Vahidi, American’s chief commercial officer. “With these additional frequencies, we plan to begin operating new service as soon as Oct. 1, giving our customers even more travel options to Brazil, which is Latin America’s largest...
- Venezuelan foreign minister stands in for Chavez
 After nearly a year of cancer treatment that has forced President Hugo Chavez to step back from the spotlight, a burly former bus driver with a dark mustache and affable smile is emerging more than ever as the president's stand-in.
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