Brazilian President-elect Dilma Rousseff on Wednesday nominated five Cabinet members from her most important coalition partner in an effort to secure congressional support for her government.
Brazilian policy makers kept their benchmark overnight rate unchanged on Wednesday after curbs on credit allowed central bank President Henrique Meirelles to leave anticipated rate increases for his successor.
According to the 2011 Latin American Economic Outlook report released on Dec. 3 by the Organization for Economic Cooperation and Development (OECD), Chile has the third highest percentage of middle-class citizens in Latin America.
Fire engulfed a prison in the Chilean capital Santiago Wednesday early in the morning, killing 83 inmates and critically injuring 14 others, the government said, in the worst-ever accident in the country's jail system.
Heavy rains have forced the temporary suspension of traffic along the Panama Canal, the major shipping waterway connecting the Atlantic and Pacific oceans which handles 5% of global trade.
The expedition vessel MV Clelia II is now operating at normal speed during its northbound crossing of the Drake Passage, following heavy sea conditions Tuesday that resulted in a broken bridge window and some electrical malfunctions.