Latin America

Friday, September 7th 2018 - 09:22 UTC
Latin American countries will receive Venezuelan migrants even with expired documents

Eleven Latin American countries say that they have agreed to allow Venezuelans leaving their homeland to enter their countries even if their travel documents have expired. More than 2.3 million Venezuelans have fled the country's hyperinflation and severe shortages, but many do not have valid passports because renewing them can take years.
Friday, September 7th 2018 - 09:12 UTC
United States describes Nicaragua's civil unrest a threat to the region's security

United States declared Nicaragua’s civil unrest a threat to the region’s security, saying government repression of protests risked creating an overwhelming displacement of people akin to Venezuela or Syria. More than 300 people have been killed and 2,000 injured in crackdowns by Nicaraguan police and armed groups in protests that began in April over an abortive plan by leftist President Daniel Ortega’s government to reduce welfare benefits.
Tuesday, September 4th 2018 - 08:41 UTC
Brazil's Real and Argentina's Peso slumped on Monday

The Brazilian Real slumped on Monday as mounting concerns over this year's presidential election added to global risk aversion, while the Argentine peso extended a recent sell-off that also spread into stock markets in Latin America.
Friday, August 31st 2018 - 07:43 UTC
Argentine peso plummets and central bank raises interest rate to 60%

The Argentine Peso plummeted 15.6% to a new record on Thursday, and ended trading at 39.87 after having reached almost 42 Pesos to the US dollar in mid afternoon. This follows on the Wednesday which also witnessed the Argentine currency slide 7% to the greenback.
Thursday, August 30th 2018 - 09:11 UTC
Macri addresses the nation; IMF pledges more support but Peso falls 7%, a record 34 to the US dollar

Argentina's Peso suffered its biggest one-day slide in almost three years on Wednesday after the central bank sold reserves for a second straight day and the president asked the International Monetary Fund for early release of standby funds.
Thursday, August 30th 2018 - 09:11 UTC
Emergency in Brazil: 700/800 Venezuelans cross the border daily, claims Temer

The Brazilian government may restrict entrance of Venezuelans at the border in the remote northwestern state of Roraima, President Michel Temer said on Wednesday, after a flood of migrants has strained local services and sparked violence with residents.
Thursday, August 30th 2018 - 08:55 UTC
LATAM plans to replace 1.200 airport based employees in Brazil

Chilean airline LATAM has plans to lay off some 1,200 airport-based employees in Brazil and replace them with workers from a services company in an apparent cost-cutting measure, according to a report in O Estado de S. Paulo on Wednesday. LATAM confirmed there would be redundancies but would not give an exact number.
Thursday, August 30th 2018 - 08:29 UTC
Migrants returning to Venezuela following Maduro's promise of jobs

A group of Venezuelan migrants has returned home from Peru at the expense of Nicolas Maduro's government. Facing an exodus from Venezuela, Maduro had proclaimed his countrymen “won't be slaves to anyone in the world.”
Thursday, August 30th 2018 - 08:23 UTC
Canada and US expected to reach a new NAFTA deal by Friday deadline

The leaders of the United States and Canada expressed optimism on Wednesday that they could reach new NAFTA deal by a Friday deadline as negotiators prepared to talk through the night, although Canada warned that a number of tricky issues remained.
Tuesday, August 28th 2018 - 09:07 UTC
Women’s economic empowerment discussed at OAS with Ivanka Trump

The Inter-American Council for Integral Development of the Organization of American States (OAS) today organized a meeting that featured Secretary General Luis Almagro, White House Advisor Ivanka Trump and the President and CEO the Overseas Private Investment Corporation (OPIC), Ray W. Washburne, to discuss “Financial Empowerment of Women for the Sustainable Social and Economic Development of the Americas.”