Argentina industrial production plummeted 13.3% in October 2018 after plunging 6.8% in the previous month. It was the seventh straight drop and the sharpest decline since June 2002, as all categories fell excluding tobacco (+1.5%) and basic metals (+4.1%).
Argentina is in recession after its economy shrank by 3.5% during the third trimester of 2018, the state statistics bureau said on Tuesday. It was the second such shrinkage in a row after the economy shrank 4.0% in the second quarter, with respect to the same period a year ago.
The Brazilian Real slumped on Monday as mounting concerns over this year's presidential election added to global risk aversion, while the Argentine peso extended a recent sell-off that also spread into stock markets in Latin America.
Brazil's government has not ruled out closing its border with Venezuela at Pacaraima, in Roraima state, but sees obstacles to doing so because of international treaties it has signed, Political Affairs Minister Carlos Marun said on Monday.
The Ministry of the Interior of Peru has announced that as of the dawn of next Saturday, August 25, Venezuelans will be required to present their passport to be admitted to the country. This measure coincides with that taken by Ecuador this week when it reached record figures in the entry of Venezuelan citizens in that country. The National Superintendency of Migrations of Peru recorded last Saturday the largest number of Venezuelan citizens who entered the country in a single day: more than 5,100.
According to a financial intelligence panel that met Friday in Cartagena, Colombia; in Venezuela, Maduro's government uses food and humanitarian aid as a weapon for social control.
The U.N. children's agency UNICEF said it was seeing clear signs of a growing malnutrition crisis in Venezuela, but it lacked data to give precise information and to tackle the problem effectively.
French President Emmanuel Macron called for further European Union sanctions on Venezuela, days after the 28-nation bloc agreed a travel ban and asset freezes on seven senior Venezuelan officials. The West accuses President Nicholas Maduro's government of violating democracy and human rights in the oil-producing nation, which is in the grip of a major economic and social crisis with millions suffering food and medicine shortages.
An operation started at dawn on Monday in El Junquito, Caracas left 2 police and an undetermined number of dead rebels, the government announced. From his social networks, Oscar Perez, bloody and with detonations in the background, repeatedly reported on video that although he and his team had already surrendered, they did not stop receiving shots, missiles and grenades in the house where they were hiding.
It was midnight last january 10 when approx 30 venezuelans climbed a little traditional fisher ship after the order of a smuggler and left for the island of Curaçao, about 100 kilometers from where they sailed. After 3 months of planning and 7 hours of crossing over a rough sea, a large wave hits the small boat just few meters from the coast, tearing it to pieces, reported one of the survivors while waiting to be deported back to Venezuela after being rescued and detained by the Dutch authorities.