Chile's finance minister announced on Monday US$ 600 million in additional stimulus to kick-start the top copper producer's sputtering economy, which has suffered from a downturn in mining and global trade tensions.
Argentine President Mauricio Macri said that monthly inflation would accelerate to 3% in August following a slump in the peso, as the central bank intervened heavily in the market on Tuesday to prop up the local currency.
Canada will continue its trade negotiations with Mercosur, the South American trading bloc that includes Brazil, despite demands to call a halt to the talks until more action is taken to protect the Amazon rainforest.
Weak rainfall is unlikely to extinguish a record number of fires raging in Brazil's Amazon anytime soon, with pockets of precipitation through to Sept 10 expected to bring only isolated relief, according to weather data and two experts.
The fires tearing through the Amazon represent a “tipping point” for the health of the rainforest, the head of a top global forestry management body said on Wednesday, urging the world to do more to save the trees.
Peru and Colombia proposed on Tuesday an emergency Amazon summit for countries in the region in order to coordinate a strategy to protect the vast rainforest currently blighted by numerous fires. The Amazon is known as the “planet's lungs” but is suffering from its worst outbreak of fires in years, which has sparked a global outcry.
Argentina's central bank on Tuesday exceeded for the first time a guideline on reserve sales agreed as part of its US$ 57 billion standby agreement with the International Monetary Fund, selling US$ 302 million in the foreign exchange market, traders said.
Falkland Islands born New Zealand Executive Director Debbie Summers is entering her fourth year as chairperson of the New Zealand Cruise Association following the seventh annual conference in Auckland August 22-23.
Bolivia's president Evo Morales gave a half-hearted welcome on Tuesday to a G7 pledge of US$20 million to fight the Amazon wildfires, describing it as tiny. An underwhelmed Morales said the aid from the most industrialized countries was part of the world's obligation to preserve the Amazon rainforest.
Archeologists in Peru say the 227 bodies they have unearthed from a site used by the pre-Columbian Chimu culture is the biggest-ever discovery of sacrificed children. Archeologists have been digging since last year at the huge sacrificial site in Huanchaco, a beachside tourist town north of the capital Lima.