Latin America

• Tuesday, March 25th 2014 - 08:59 UTC

  Brazil militarizes favelas in Rio do Janeiro to guarantee 'law and order'

  

  The Brazilian government announced on Monday, 80 days before the start of the 2014 World Cup, that the military will help occupy several “favelas,” or shantytowns, in Rio de Janeiro to guarantee security in an area currently controlled by violent drug trafficking outfits where some 100,000 people live.

• Tuesday, March 25th 2014 - 08:51 UTC

  S&P downgrades Brazil’s sovereign debt rating to BBB minus

  

  Standard & Poor's cut Brazil's sovereign debt rating closer to speculative territory in a blow to President Dilma Rousseff administration. Brazil had its long-term debt rating downgraded to BBB minus, the agency's lowest investment-grade rating. S&P changed its outlook to stable from negative, meaning further downgrades are unlikely for now, which will come as a relief for both politicians in Brasilia and financial markets.The move was widely expected but the timing surprised some investors.

• Monday, March 24th 2014 - 07:03 UTC

  Chilean police cuts short mass protest that turned violent

  

  A mass protest was cut short in Santiago, Chile, after police dispersed activists with tear gas and water cannon. According to protest organizers over 150,000 people had gathered in the city center to urge newly-elected President Michelle Bachelet to push ahead with her reform program.

• Monday, March 24th 2014 - 07:00 UTC

  Venezuela's state prosecutor says security forces have 'committed excesses'

  

  Venezuela's top state prosecutor has affirmed that security forces had committed “excesses” in breaking up nearly two months of opposition protests against the government of President Nicolas Maduro that have left at least 34 dead

• Saturday, March 22nd 2014 - 08:01 UTC

  The Falklands/Malvinas: Brazil’s next regional headache?

  

  By Oliver Stuenkel (*) - Brazil, foreign policy observers often point out, is blessed. Contrary to many other emerging powers such as China or India, it is located in a region that rarely experiences interstate tension or war. Not only can Brazil live on a relatively small defense budget, while India is the world's largest arms importer. Brazil can also dedicate considerable time and energy towards extending its global diplomatic reach without constantly being forced to deal with trouble in its neighborhood.

• Saturday, March 22nd 2014 - 07:31 UTC

  Mercosur and EU in another effort to advance in the long delayed trade agreement

  

  Mercosur and European Union chief negotiators met on Friday in Brussels to define if conditions are ready for the exchange of tariffs reductions proposals with the purpose of reaching an ambitious trade agreement which was started back in 1999 and has yet to mature.

• Saturday, March 22nd 2014 - 07:11 UTC

  Falklands' prosperity and economic boom surprises visiting Brazilian delegation

  

  Visiting Brazilian political advisor and environmentalist Eduardo Viola emphatically expressed support for the Falkland Islands’ right of self-determination during a press conference in Stanley with other visiting Brazilian colleagues, reports this week's edition of Penguin News.

• Friday, March 21st 2014 - 09:50 UTC

  Unasur 'democratic clause' comes into force after ratification by Uruguay and Colombia

  

  Any country that suffers an interruption to its democratic order will be automatically excluded from Unasur (Union of South American Nations), the bloc announced this week, after its “democratic clause” came into force and as Venezuelan President Nicolás Maduro claimed that a US-funded campaign is trying to ouster him.

• Friday, March 21st 2014 - 06:05 UTC

  Bolivian senate to vote full incorporation to Mercosur in April

  

  The Bolivian Senate is expected to vote next month for the full incorporation of the country to Mercosur, thus complying with some of the last steps to join the group made up of Argentina, Brazil, Paraguay, Uruguay and Venezuela.

• Wednesday, March 19th 2014 - 07:30 UTC

  A Vazquez victory forecasted in Uruguay but with 'orthodox economics' threatened

  

  The Economist Intelligence Unit anticipates a 2015 scenario in which Tabaré Vazquez from the ruling coalition will most probably be president, but in a situation quite different from that of his first mandate (2005/2010) if he insists in implementing orthodox economics.