Venezuelan government devalued its bolivar currency for the second time in 12 months on Thursday, abolishing the lowest exchange rate as the Opec member fights to revive its economy. Intended to spur local production in the largely import-dependent nation, the announcement followed a central bank estimate that the economy contracted 1.9 percent during 2010 - Venezuela's second straight year of recession.
A magnitude-7.1 earthquake has shaken southern Chile, frightening hundreds of people who fled for higher ground fearing it could generate a tsunami like the one that ravaged the coastline last year.
The Inter-American Development Bank (IDB) approved a record number of 170 projects in 2010 totaling an estimated 12.9 billion USD, as the IDB continues to boost its efforts to help Latin American and Caribbean combat poverty and inequality, and promote sustainable growth.
Latin America was the most dangerous region for the press in 2010, with 35 of the 105 murders of journalists that occurred worldwide, according to the Swiss-based Press Emblem Campaign.
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The annual ranking by the British consultants Sky Research puts Lima’s Jorge Chávez Airport in front of all South America’s airports, with Pudahuel Airport in Chile coming in just behind.
The 33 miners who survived 69 days at a depth of some 700 meters (2,300 feet) down a Chilean mine were named “Team of the Year” on Tuesday by The Times of London
Decision to revoke visa for Venezuela's ambassador to Washington follows rejection of US choice for Caracas.
As a result of the cold front affecting Europe, Chile’s Sociedad Punta de Lobos (SPL) —salt producer and exporter—is working at full capacity to export salt destined primarily for Belgium, Holland, Germany and France.
Scientists from Chile and other countries will build a base in the Atacama desert, the most arid in the world, with the aim of simulating a space colony, along with mobile rocket launch pads and greenhouses as if the site were on the planet Mars, a media report said.