The polar wave that has trapped the Southern Cone of South America has caused an estimated one hundred deaths and killed thousands of cattle, according to the latest reports on Monday from Argentina, south of Brazil, Uruguay, Paraguay, Chile and Bolivia.
The Latin American economy could grow by as much as 5% this year, more strongly than previously expected (4%), driven by Brazil's vigorous expansion, according to a senior International Monetary Fund official.
Billionaire Carlos Slim, in the short list of world’s richest and number one in Latinamerica is digging for gold in Mexico, taking advantage of bullion prices that touched a record last month while awaiting a broader economic rebound.
Spanish Foreign Affairs minister Míguel Angel Moratinos called for “understanding” from the released Cuban political prisoners which arrived in Spain and who are complaining about their ‘undefined’ legal status.
Colombia will take evidence it says proves the presence of FARC and ELN guerrillas in Venezuela to a meeting of the Organization of American States next Thursday confirmed ambassador to OAS Luis Alfonso Hoyos.
Hydrocarbons minister Fernando Vincenti confirmed that Bolivia is interested in extending its natural gas pipeline network to add Paraguay and Uruguay to its list of clients now limited to Mercosur main associates, Brazil and Argentina.
Venezuela has rejected Colombia's accusation that Caracas tolerates Colombian guerrillas on its territory. The charge was a desperate attempt to undermine relations between the two countries, particularly with the incoming administration of president-elect Juan Manuel Santos, the Venezuelan foreign ministry said.
Toyota Motor Corp. and Nissan Motor Co. will invest a combined 1.2 billion US dollars to expand production in Latin America amid growing regional and export demand.
The past week’s intensely cold weather has hit farm in central and southern Chile hard, especially those growing fruits and vegetables. Production is expected to drop sharply and there has already been a 20% rise in fruit and vegetable prices.
Colombian state oil company Ecopetrol said it expects to produce 1.3 million barrels per day of “clean” oil equivalent by 2020 and that some 80 billion US dollars in investment will be needed to meet the target.