Latin AmericaLatin America
Clashes between striking Bolivian miners and the police which left at least two people dead and dozens injured forced the cancelling of a regional summit with Argentina's Cristina Fernandez de Kirchner, Venezuela's Hugo Chavez and host Evo Morales.
Venezuela again acted as lender of last resort for Argentina having acquired a billion US dollars in sovereign bonds, at close to market rates according to Argentine financial sources.
The Inter-American Development Bank (IDB) reported that Peru's growth expectations rose from 7.8 to 8.3% in 2008, placing Peru as the country with the highest growth rate in the region.
The International Red Cross said Wednesday from Geneva that Colombia broke the Geneva Conventions by deliberately using the humanitarian group's emblem during the covert military mission that freed French-Colombian Ingrid Betancourt and other hostages.
Latin American stock markets plunged Monday, led by a slide in Brazilian and Mexican equities as prices for resources sparked a broad sell-off and growing fears about the performance of the US economy.
Chile has proved once again to be a foreign investment magnet as overseas companies have announced over 6.62 billion US dollars in projects so far this year, Chile's Economy Ministry reported.
Bolivian president Evo Morales is comfortably favored for ratification in the recall referendum of next August 10 with 59% support, according to the latest public opinion poll published Sunday in the capital La Paz main daily La Razón.
Fed up with what they claim to be environmentally destructive practices by Chile's 2.2 billion US dollars farmed salmon industry, a group of local fishermen in far southern Chile's Region XI is set to launch an international boycott of Chilean farmed salmon.
Bolivia with the help of Venezuela unveiled a plan to increase the country's natural gas reserves to supply energy thirsty neighbors, Brazil and Argentina. Bolivia has 48.7 trillion cubic feet of proven and probable natural gas reserves, the second-largest deposits in South America after Venezuela.
Chile and Spain will spend more than one billion US dollars to set up Latin America's largest wind farm in the South American country, according to the Spanish news agency EFE.