Nicaragua's protracted political crisis, which has lasted well over three months, is impairing economic growth, according to the central bank. Central bank chief Ovidio Reyes said the initial 4.9% growth forecast in gross domestic product (GDP) for 2018 could fall as low as 1% if ongoing protests continue to disrupt daily life.
The killing of a medical student in Nicaragua has been condemned by the World Medical Association. Brazilian student Rayneia Lima was shot this week while driving home from her hospital shift in Managua, Nicaragua's capital city.
The U.S. Energy Department on Wednesday cleared the way for faster approval of small scale exports of natural gas including liquefied natural gas to Latin American countries by issuing a rule that does away with a public interest review of the shipments.
Ecuador has said its president will not discuss the future of Julian Assange during a visit to the UK. Lenin Moreno was scheduled to speak in London and later travel to Scotland to the University of Edinburgh. He will also address businessmen interested in investing in Ecuador.
”The worsening situation in Nicaragua is alarming. The United Kingdom reiterates its condemnation of the violence in Nicaragua, in particular the deliberate excessive use of force by police and pro-government armed groups against the people of Nicaragua, which has led to an increasing number of injuries and deaths.
The finance ministers for Mexico and Canada on Sunday said they were optimistic about NAFTA talks with the United States, even as trade tensions spurred by U.S. tariffs dominated the G20 meeting of world economic leaders in Argentina.
The head of Peru's judicial branch resigned on Thursday in the wake of a mounting corruption scandal involving secret phone recordings capturing numerous judges making behind-the-scenes deals on everything from promotions to criminal sentences.
An attempt to deploy a new submarine for Spain's navy has run aground again, after it emerged it cannot fit in its dock, Spanish media report. The S-80 boat was redesigned at great expense after an earlier mistake meant it had problems floating, and it was lengthened to correct the issue.
World trade tensions pressured Latin America's major indexes on Thursday, falling in line with other global markets, after the European Union said it was preparing possible retaliatory measures if the United States imposes tariffs on EU cars. Brazil's Bovespa dropped 1.25%, and Argentina's Merval, 0.85%.
Latin American currencies fell against the dollar across the board on Wednesday as traders continued to focus on recent statements by key U.S. monetary policy makers.