The Uruguayan government officially delivered this week the formal ratification of the UNASUR (Union of South American Nations) founding charter thus turning the political project into juridical reality.
The strongest La Niña weather cycle in 35 years has reduced rainfall by up to 46% in some areas of Chile. The dry season began last March and is expected to continue through May.
The South American/Arab countries III Business Summit will take place April 19 and 20 in Peru confirmed the organizers of the event that was to be held parallel to the suspended South America/Arab leaders’ summit (ASPA) this month in Lima.
The Chilean central bank announced Tuesday it would maintain the pace of a 12 billion US dollars foreign exchange intervention to tame the strong peso between Feb. 9 and March 8, and continue to buy 50 million of US currency daily.
Venezuelan authorities say they recorded 48 homicides for every 100,000 inhabitants last year, making it one of the most dangerous places in South America. Venezuela has a population of 28 million and a report for United Nations last year put the homicide rate for South America as a whole around 20 per 100.000 people.
Peruvian exports in 2010 reached 35 billion US dollars, up 30% from 2009, said Foreign Trade and Tourism minister Enrique Ferreyros. He also pointed out in nine years the number of Peruvian companies involved in exporting jumped from 4.086 to 7.200 and markets from 155 to 178 markets.
Global commodity prices continue to be the main driver of inflation in both Brazil and Chile, according to the latest Latin America update report from Capital Economics.
Chile achieved a record year for exports in 2010, according to a report by ProChile. Exports in 2010 were valued to be 69.6 billion US dollars, up nearly 30% from the 2009 figure, 53.7 billion USD.
When former Chilean dictator Gen. Augusto Pinochet flew to Europe in 1998 for a vacation and back surgery, little did he know that he would be jailed by British authorities (acting on a Spanish arrest warrant) for human rights violations that occurred during his 17-year dictatorship.
Based on market capitalization Brazilian government managed oil and gas company Petrobras ranked third worldwide according to the prestigious PFC Energy 50 list of the world's biggest energy companies.