Punta Arenas figures as the second most expensive city in Chile behind the capital Santiago, according to the latest report from the Business School of the Universidad del Desarrollo released this week.
United Nations is bolstering its assistance through the release of almost 10 million US dollars from an emergency fund and an appeal for nearly 40 million to be launched next week to victims of the major earthquake which rocked Peru on 15 August, one of the world body's top humanitarian officials revealed Friday.
Dampening speculation of a growing rift between the two neighboring countries, Peruvian President Alan Garcia this week traveled to a shared Chilean-Peruvian border area to promote further economic integration between Peru and Chile.
Bolivia's President Evo Morales arrived in Pisco today to distribute 19 tons of medicines, blankets and drinking water, the second visit by a Latin American leader to the disaster area. Colombia's Alvaro Uribe traveled to the area last weekend.
Wheat prices hit record highs this week. Bad weather in key grain growing areas such as Canada and parts of Europe has limited supplies as demand has risen, sparking fears of a supply shortfall and threats of rising bread prices.
Foreign ministers and envoys from 33 Latin America and East Asian countries on Wednesday opened in Brasilia two days of talks here to boost fledgling trade ties and build links between the far-flung regions.
Latinamerica is poised to enjoy exceptionally high prices for its exports during the next five to ten years given the growing demand for commodities from China and India, according to a report from the United Nations Economic Commission for Latinamerica and the Caribbean, Cepal.
Dean smashed up the arty resort of Tulum and washed sand off the famous beach at Cancun before crossing the peninsula and heading out into the southern Gulf of Mexico where state oil company Pemex has hundreds of wells and installations.
Anne Krueger, the former number two official in the International Monetary Fund (IMF), recommended greater labor flexibility for Chile's labor market on Monday. The economist also took a hard stance against arguments for an ethical salary for Chile's wage owners, a subject of much debate today in Chile.
Venezuela's National Assembly dominated by allies of President Hugo Chavez, gave unanimous initial approval Tuesday to constitutional reforms that would allow him to run for indefinite re-election, creates a popular militia, ends the Central Bank's autonomy and redefines property rights.