Close to 350,000 people in Chile’s capital Santiago and a further two million nationwide took part on Sunday in street protests demanding the replacement of a private pension system imposed under the Pinochet regime, following recommendations from multilateral organisms. The protesters main demand is the elimination of the current pension system, the privately run AFPs (Pension Fund Administrators).1 comment
Brazil won a major victory as it battles to restore credibility amid a tainted meat scandal, with China, Egypt and Chile lifting their bans on its products. The three countries, which had totally closed their markets to Brazilian meat at the start of last week, said they would open them to all but the 21 Brazilian processing plants under investigation.Add your comment!
In the aftermath of his first major legislative defeat, President Donald Trump is standing by his team, preaching confidence in House Speaker Paul Ryan, and remains convinced of Obamacare's eventual downfall.33 comments
Mexican Foreign Minister Luis Videgaray said that if North American Free Trade Agreement negotiations don't benefit all parties involved, the country is willing to “step away” from it. In an interview with Bloomberg, he said pulling out of NAFTA would be a last resort.1 comment
Argentina's Tecpetrol, part of the Techint Group, said on Thursday it would invest US$2.3 billion in the Vaca Muerta shale fields through 2019, the largest announcement in the formation in years. Tecpetrol said in a statement the investment was made possibly due to measures from President Mauricio Macri's government, including a deal with labor unions earlier this year and a definition of price supports this month.4 comments
Workers at the world's largest copper mine, BHP Billiton's Escondida in Chile, ended a lengthy strike Thursday that had caused turbulence on global copper markets. But the company warned they had only made matters worse by pushing negotiations back another year and a half.Add your comment!
In an effort to handle its overdue debts, Venezuela is all but giving away oil assets. President Nicolás Maduro is reportedly so desperate to pay the US$ 3.7 billion in debts that he is selling off the assets to Russia.1 comment
The adulterated meat situation in Brazil is no obstacle for the current trade negotiations between the European Union and Mercosur, said Eidta Hrdá, Managing Director for the Americas from the European External Action Service, currently in Buenos Aires.Add your comment!
First vice-president of the European Union Parliament Irish lawmaker Mairead McGuinness has asked EU Commissioners for agriculture and trade for clarity on allegations that Brazil has sold meat that is unfit for consumption.3 comments
Tens of thousands of Argentine teachers marched in the capital Buenos Aires on Wednesday as part of a nationwide strike challenging the administration of President Mauricio Macri. Unions for private and public school teachers are demanding a pay increase of 35% to compensate for Argentina's high inflation in consumer prices.14 comments