Chile's central bank cut its forecast range for 2013 GDP growth but maintained inflation and domestic demand predictions as the effects of a slowdown hitting copper demand are moderated by consumer spending.
A prominent backer of the 1973 military coup against elected President Salvador Allende said that General Augusto Pinochet betrayed those who supported the putsch out of patriotic sentiments. Roberto Thieme, a founder of the nationalist Homeland and Freedom movement, known as PyL, spoke out a week before the 40th anniversary of Allende's bloody ouster in an interview with Radio Cooperativa.
Chile's judges issued a long-awaited apology on Wednesday to relatives of those who sought missing loved ones under the military regime of Dictator Augusto Pinochet only to have courts shrug them off.
YPF Chief Executive Officer Miguel Galuccio said Argentina’s nationalized energy company is willing to form a partnership with Mexico’s state-run Petroleos Mexicanos to develop shale oil and natural gas deposits in the Vaca Muerta formation.
Brazilian industrial output was down 2% in July from June this year. The information was released this Tuesday in the Monthly Industrial Survey by the Brazilian Institute of Geography and Statistics IBGE.
Brazil’s twelve-month inflation ended August at its lowest level this year, according to a central bank survey of fourteen economists. This means the 12-month IPCA consumer-price index is likely to weigh in at 6.10% for August, down from 6.27% at the end of July.
Uruguay’s inflation in August kept climbing and reached 1.04%, totalling 6.74% in the first eight months of the year and 8.86% in the last twelve months, which is well above the Central bank target of 4% to 6%, according to the latest report from the local Statistics Office, INE.
Colombia's peace talks with Marxist FARC rebels have reached a critical stage, with discussions over the next couple of months a key gauge of whether an end to five decades of war is likely or not, government negotiator Sergio Jaramillo said on Tuesday.
Deputy Chairman of the Argentine Industrial Union (UIA) Cristiano Ratazzi said that President Cristina Fernández “should leave office once her term ends” because those are the rules of democracy, otherwise it is ‘Chavism’.
President Nicolas Maduro blamed Venezuela’s right-wing opposition for what he called “sabotage” and an ‘electrical coup’ that he said caused blackouts that plunged much of the country into chaos.