Latin America

Latin America
Thursday, April 3rd 2014 - 06:58 UTC

Powerful 7.8 magnitude aftershock hits Chile's far north and south Peru

A second sleepless night away from home for many people

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.

Wednesday, April 2nd 2014 - 08:23 UTC

Venezuelan opposition lawmaker and supporters cleared from square with tear gas

Maria Corina Machado pledged to keep protesting (Photo Reuters)

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.

Wednesday, April 2nd 2014 - 07:20 UTC

Earthquake in Chile kills five; north of the country with no power or water

The magnitude 8.2 earthquake was centered 61 miles northwest of Iquique, next to Chile's main copper mining area

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”.

Tuesday, April 1st 2014 - 04:06 UTC

Bachelet sends corporate tax bill to Congress; first step for education reform

The Chilean president signs the bill, the center piece of her electoral campaign

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.

Monday, March 31st 2014 - 23:20 UTC

Brazil remembers the 50th anniversary of the coup that led to 21 years of military rule

Even president Rousseff at the time a university student was arrested and tortured.

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.

Monday, March 31st 2014 - 19:42 UTC

Uruguay and Peru in line for a possible upgrading, according to Moody's

Uruguay central bank with sufficient reserves to cover 18 months of debt payments plus contingent funds

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.

Monday, March 31st 2014 - 19:28 UTC

Mercosur expects to exchange tariff-reduction proposals with EU next June

Apparently Cristina Fernandez is now willing to talk about trade with the EU

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.

Monday, March 31st 2014 - 19:25 UTC

Brazil/Argentina agree on deal to promote bilateral trade by guaranteeing 'dollar liquidity'

Argentine minister Kicillof and Trade minister Borges signed the agreement

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.

Monday, March 31st 2014 - 16:13 UTC

Latam forecasted to grow 3% this year, but fiscal deterioration is serious

The report from the IDB was released over the weekend at the annual assembly held in Brazil

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.

Saturday, March 29th 2014 - 09:22 UTC

‘Kelpers’, helping Argentine to understand the Falklands growing nation

The cover of the book, which has had a less aggressive reaction than expected, from the Argentine political system

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.

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