The possible strike comes only a week after the new transit system was inaugurated and caused widespread confusion and public outrage after getting off to a slow start. Fenattrans president Sergio Cifuentes said the union was protesting the government for not responding to seven requests that the union sent to the government on January 8.
Faced with accelerated inflation and shortages of basic foods Venezuela's president Hugo Chavez signed decrees against speculation and hoarding which enables authorities to take over businesses that produce or retail food, if they refuse to sell or are in violation of regulated prices.
Emerging economies such as India and China bear special responsibility to lower trade and investment barriers to help global expansion, said on Friday a senior U.S. Treasury Department official.
Venezuelan President Hugo Chavez announced Friday plans to reduce the value-added tax and reform the currency, in an effort to curb inflation and product scarcity.
Latin America's current drift to the political left suggests voters are uncertain, and in some cases dissatisfied, with their economies, said on Friday the head of the International Monetary Fund Rodrigo de Rato addressing a business conference in New York.
Mexico's economy, Latinamerica's largest expanded 4.8% in 2006 compared to 2005 and the highest in six years reported the Finance Secretary in an official release.
Chile announced early this week that it would file a new lawsuit against Argentina before the World Trade Organization (WTO) for the country's use of agricultural subsidies. The pending lawsuit would further strain relations between the two southern cone neighbors, as Argentina has already has filed two lawsuits against Chile before the WTO
Brazil posted a 4.32% of GDP primary surplus in 2006 compared to 4.83% in 2005 revealed the country's Central Bank. The savings are equivalent to 41 billion US dollars.
A European Commission proposal that would have allowed Member States to divert some Common Agricultural Policy (CAP) direct farm payments to rural development spending was almost unanimously rejected by the European Parliament with 89 votes in favour, 584 votes against and 19 abstentions. The Commission must now decide if it will withdrawal the proposal.
The United States trade deficit rose 6.5% last year reaching a new record high of 763.6 billion US dollars reported Tuesday the US Department of Commerce.