Latin AmericaLatin America
A powerful 7.8-magnitude aftershock hit Chile's far-northern coast on Wednwsday, shaking the same area where a magnitude-8.2 earthquake hit just a day before causing some damage and six deaths.
Venezuelan troops dispersed opposition demonstrators with tear gas on Tuesday and blocked anti-government activist Maria Corina Machado, recently stripped of her seat in the National Assembly, from reaching the legislature.
A strong 8.2-magnitude earthquake has struck off the northwestern coast of Chile, killing at least five people and setting off a small tsunami that prompted evacuations along the country's Pacific coast. Chilean Interior minister Rodrigo Peñalillo confirmed that five people had died, “four are men and a woman in Iquique and Alto Hospicio, caused by heart attack and crushing”.
President Michelle Bachelet sent Chile's Congress a bill on Monday that would raise corporate taxes to fund a sweeping overhaul of the country's education system. The proposed reform aims to raise 8.2 billion dollars to fund tuition-free public universities, a demand that fueled massive student protests under Bachelet's conservative predecessor Sebastian Piñera.
President Dilma Rousseff remembered on Monday, 31 March, those who died or disappeared fighting for the return of democracy in Brazil on the fifitieth anniversary of the miltiary coup of 1964, which lasted until 1985 and had full political support from the United States, at the time under president Lyndon Johnson.
Uruguay and Peru are the first Latin American countries in line for a possible credit rating hike by Moody's Investors Service, at a moment when sovereign upgrades are expected to become more scarce in the region, a senior analyst with the ratings firm said.
Mercosur expects to present a joint proposal regarding tariff reductions to the European Union during a meeting next June, according to Brazil's Minister of Development, Trade and Industry, Mauro Borges who apparently convinced a reluctant Argentina to join the group.
Brazil and Argentina signed a deal over the weekend that seeks to guarantee importers will have enough U.S. dollars to pay for exports, a move to increase trade between both nations that has been hit hard by a sharp depreciation of the Argentine peso.
Latin America and the Caribbean’s economy as a whole will grow by 3% this year and 3.3% in 2015 thanks to “improved economic conditions in the United States and Europe”, the Inter-American Development Bank said in a report released over the weekend.
The reaction of the Argentine public to Clarin journalist and author Natasha Niebieskikwiat's recently launched book ‘Kelpers’ has been, “less aggressive,” than she expected Natasha told Penguin News.