The Venezuelan government and United States AES Corporation signed Thursday a memorandum of understanding (MOU) for the purchase of AES's 82.14% stake in La Electricidad de Caracas (EDC) for 739.3 million US dollars.
Peru's Central Bank raised the country's economic growth forecast for 2007 from 5.7 to 6.8%, following a 7.9% expansion in 2006, which was the highest since 1995.
The head of the United Nations Educational, Scientific and Cultural Organization (UNESCO) offered Chile assistance in repairing damage caused by the fire that destroyed part of the historical centre of the port city of Valparaiso last week, killing several people.
The notion of a racial divide in the Caribbean tourism industry is a problem that dare not speak its name. It creates discomfort among many of the expatriate hotel owners and managers, and governments are fearful of dealing with it.
A heat wave is causing a string of forest fires in Colombia, in the Andes glaciers are melting, in Bolivia rainfall is double the average and in the whole Andean region climatic anomalies are forcing drastic measures to contain further damage.
Latinamerica could experience a trade boom in the next five to ten years if China sustains its current rates of growth said Andres Solimano from the UN Economic Commission for Latinamerica, CEPAL.
The Organization of American States Secretary General, Jose Miguel Insulza said he hoped the lack of dialogue with Cuba is only temporary recalling that the majority of OAS members have bilateral relations with the island's government.
Venezuela is preparing a package of measures to contain inflation which begun 2007 with a 2% in January, announced Ricardo Sanguino chairman of the Congressional Finance Committee.
Global warming, a phenomenon now confirmed worldwide by scientific journals and international forums, will have devastating effects on the Chilean agricultural industry—perhaps the country's most important economic activity. The most threatening problem is the likely appearance of agricultural pests, from which Chile has heretofore been free.
Chile's Exporters Association (Asoex) proposed last week the introduction of foreign workers to make up for a scarcity of labour in Chile's agricultural workforce. Critics accused Asoex president Ronald Brown of seeking to profit from poorly paid foreign labour on temporary contracts.