Paraguay ruling party candidate Santiago Pena, who has said he would maintain ties with Taiwan, won the country's presidential election Sunday, local media reported, at a time some Latin American nations have severed ties with the self-ruled island to gain access to the much larger Chinese market.Pena, 44, of the right-wing Colorado Party, beat Efrain Alegre, 60, who had indicated he would cut ties with Taiwan and establish diplomatic relations with China, a potential market for Paraguay's beef and soybeans, the media said.Paraguay is one of seven Latin American countries that have formal t…READ FULL ARTICLE