The Uruguayan government finalized on Friday a prices agreement with commerce and trade organizations to help bring down the third highest inflation of the region which is advancing at an almost two-digit pace. The package is to be completed with government fiscal 'sacrifice' such as the elimination of taxes on some public utilities rates.
Michelle Bachelet became the first person since General Carlos Ibañez in 1952 to return to Chile’s presidential palace, La Moneda, for a second term. According to a recent official history of the building, the general was a stickler for fitness.
Venezuela's annual inflation rate rose to 57.3% in February, the central bank said as violent opposition demonstrations during the month disrupted the economy. However the bank also pointed out that despite the protests inflation slowed on a month-on-month basis to 2.4% from 3.3% in January.
Farm land sales in Uruguay totaled a record 1.3bn dollars in 2013, involving 1.868 operations and 370.927 hectares, which is 10% more than in 2012, according to the Ministry of Agriculture, Livestock and Food ministry's Stats Office, DIEA. Uruguay's farmland covers approximately 17 million hectares and the most dynamic buyers are the pensions funds, says the report.
Venezuela said the current political unrest in the country poses no danger to the future of the Bolivarian Alliance for the Peoples of the Americas(ALBA) and the oil initiative PetroCaribe.
Venezuela's state prosecutor said on Thursday the death toll from a month of violent protests had risen to 28, after the nation's top court ordered opposition mayors to dismantle barricades set up by street protesters.
The government of President Michelle Bachelet on Thursday apologized in the name of the Chilean state to the indigenous Mapuche tribe for taking their lands and said it has a pending debt in terms of public policies that will allow the La Araucania region, where 600,000 of the Indians live, to emerge from poverty.
A former Marxist guerrilla leader won El Salvador's presidential election by a margin of less than one quarter of one percentage point, according to final results released on Thursday, but the right-wing rival continued to press to have the vote annulled.
The Argentine mining sector is expected to invest 3.85 billion dollars this year, including 800 million as imports' substitutes, announced Planning minister Julio de Vido, who also revealed that in the last ten years the sector has invested over 11bn dollars and generates an activity equivalent to 3.2% of GDP.
Protesters battled soldiers on Wednesday in the streets of Caracas again as three more fatal shootings raised to 25 the death toll from a month of demonstrations against Venezuela's populist government.