Latin America

• Wednesday, March 6th 2013 - 10:54 UTC

  Chavez funeral ceremony at the Military Academy, ‘cradle of the Bolivarian revolution’

  

  The Venezuelan government declared seven days of national mourning and suspended classes until next Friday as it organizes the funeral of President Hugo Chavez that is scheduled to take place at the Military Academy, where he will lie in state beginning Wednesday morning.

• Wednesday, March 6th 2013 - 10:50 UTC

  Nicolas Maduro named interim president; elections within 30 days

  

  Venezuelan Vice President Nicolas Maduro will take over as interim president of the country while elections are organized within 30 days following the death of Hugo Chavez, Foreign Minister Elias Jaua announced on Tuesday.

• Wednesday, March 6th 2013 - 10:46 UTC

  Santos pays special tribute to Chavez for his efforts to help bring peace to Colombia

  

  Colombian President Juan Manuel Santos regretted the loss of Hugo Chavez and attributed the advances in the peace process of his government with the FARC Marxist guerrillas (Colombian Revolutionary Armed Forces) to the deceased Venezuelan leader.

• Wednesday, March 6th 2013 - 10:43 UTC

  Latinamerican leaders praise Chavez and prepare to travel to Caracas for his funeral on Friday

  

  All Latinamerican leaders expressed their deep sorrow over the death of President Hugo Chavez, and several of them will be travelling to Caracas for his funeral scheduled next Friday.

• Wednesday, March 6th 2013 - 02:06 UTC

  Venezuela announces the death of President Hugo Chavez

  

  Venezuelan Vice-President Nicolás Maduro announced during a nation-wide transmission that President Hugo Chávez “has died today at 4:25pm.”

• Tuesday, March 5th 2013 - 05:33 UTC

  An estimated one million dollars ‘trickled’ per day from Argentina to Uruguayan banks

  

  The dollar ‘clamp’ in Argentina had led to a ‘dollar trickle’ to Uruguayan banks, which according to official data from the two central banks can be estimated at a million dollars per day.

• Tuesday, March 5th 2013 - 05:29 UTC

  February inflation in Uruguay again above target: 8.89% in the last twelve months

  

  The Consumer Price Index, CPI, in Uruguay climbed 0.99% during February, accumulating 2.91% in the first two months of the year, and 8.89% in the last twelve months, far above the government’s target of 4% to 6%, according to the National Institute of Statistics, INE Monday release.

• Tuesday, March 5th 2013 - 05:18 UTC

  Brazil’s “competitiveness cliff” and commodities dependency exposed in World Bank report

  

  Brazil is not only the biggest country in Latinamerica but also has the largest economy and expects to play a leading role in the global economy in the near future, however a report from the World Bank is not so enthusiastic and points out to a series of challenges the country must address if it wishes to effectively become a super star.

• Monday, March 4th 2013 - 06:48 UTC

  Brazil opens naval shipyard to build conventional submarines and eventually a nuclear powered one

  

  Brazil advanced toward its target of joining the small club of nations that have nuclear-powered submarines with the opening of a naval shipyard installation that will build French-designed submarines.

• Monday, March 4th 2013 - 06:18 UTC

  Mexico’s Peña Nieto trying to change the reputation of the powerful PRI

  

  Mexican President Enrique Peña Nieto sounded a warning shot to his ruling party over corruption, saying no one is above the law as he tries to tackle the graft that has blighted its reputation in the past.