Latin American stocks rose on Thursday after bargain-hunting and improving US jobs data gave the market some relief. Investors swept up shares battered by the recent market rout that had knocked about 18% off the MSCI Latin America stock index since last week.
The antitrust unit of Brazil's Finance ministry on Thursday recommended the approval of a plan by Chilean airline LAN to buy rival Brazilian rival TAM Linhas Aereas, saying the deal will not harm competition in the country's civil aviation market.
Clashes between Chilean students and police continued in the capital Santiago, while government bureaucrats meet with student leaders to negotiate an end to the unrest which has rocked the capital for weeks.
The Unions of South American Nations, Unasur, finance officials are considering creating a 10 to 20 billion dollars emergency fund to assist nations that experience capital flight should the global economic crisis deepen, according to financial sources.
Latin American stocks marked their own course on Wednesday as the region remained relatively distant to turmoil in the United States and Europe.
Almost 300.000 sheep and 9.200 cattle are exposed to serious life risk following heavy snow storms which covered the Magallanes Region in the extreme south of Chile with a white blanket anywhere between 70 and 150 centimetres thick.
Chilean students organization with the support of unions have announced a new round of demonstrations while the conservative government of President Sebastián Piñera reported on Wednesday the arrest of over 400 hundred protesters as violence erupted on the streets of Chile's capital along with other cities, during marches demanding changes in public education.
Venezuelan July inflation, as measured by the national index INPC, came in on the high side of expectations at 2.7%, up from June.
Cuban revenue from tourism jumped 13% percent in the first half of the year compared with the same period in 2010, the National Statistics Office, or ONE, reported on its Web site.
The United Nations Economic Committee for Latin America and the Caribbean, ECLAC warned on Tuesday that markets’ volatility will “persist” particularly because of the default-threat from several European countries.