Latin AmericaLatin America
Forbes Magazine this week ranked Chile as the best Latin America country for doing business. Chile ranked 19th among all the world's countries, up nine notches compared to last year. Mexico ranked 43rd, Uruguay 44th.
The European Commission has suspended the coming round of negotiations with the Andean community of Nations because of a lack of consensus in the Andean group as to the trade side of an association agreement under consideration since 2006.
Colombia announced Wednesday afternoon that its military had rescued former presidential candidate Ingrid Betancourt, three US military contractors and 11 other hostages from leftist rebels.
In a bid to boost his foreign policy credentials United States Republican presidential candidate John McCain began in Colombia a three-day visit to Latin America, highlighting his support for free trade and progress against narcotics and terrorism
Former presidential candidate Ingrid Betancourt said she was grateful to the Colombian Army and President Alvaro Uribe for her liberation on Wednesday together with other fourteen hostages from the FARC rebel group.
Colombian President Alvaro Uribe deepened his clash with the Judiciary branch by going ahead with plans for a referendum aimed at re-running the 2006 election in which he won a second term.
Unemployment in Chile's extreme south region of Magallanes remained unchanged at 2.6% during the March-May 2008 measurement, according to the latest release from the local branch of the Chilean Statistics Institute.
The South American country founders of the South (Development) Bank decided to integrate ten billion US dollar in capital to the budding institution out of an authorized total of 20 billion.
Spanish hotel giant Sol Melía plans to open three hotels in Chile. The company is also bidding for the two hotels that will be a part of Santiago's future Constanera Center, an ongoing development and construction project featuring four skyscrapers, built in one of Santiago's business districts, Providencia.
Relations between Colombia and Ecuador grew chillier Tuesday, as Colombia postponed restoring diplomatic ties at the level of trade-attache because of aggressive remarks by Ecuadoran President Rafael Correa.