Latin America

Thursday, June 19th 2008 - 21:00 UTC
Roughly 60% Chileans in debt; 80% overspends

Roughly 60% of the Chilean population is in debt, according to a study published this week by the country's Central Bank. And perhaps surprisingly, middle class Chileans account for about 67% of the debt.
Wednesday, June 18th 2008 - 21:00 UTC
Bolivia closer to the sea: Chile grants free access in Iquique

Chile announced on Tuesday that the northern port of Iquique will be of free transit for Bolivia and suggested advances on the bilateral negotiation agenda for ending Bolivia's landlocked condition which dates back to 1879/1883 when the so called Pacific or Saltpeter war (*).
Wednesday, June 18th 2008 - 21:00 UTC
ISA has reached salmon farms in Magallanes Region

Salmon Infectious Anemia (ISA) which has been ravaging the salmon industry in Chile has reached the extreme south region of Magallanes, according to the country's Fisheries Service.
Wednesday, June 18th 2008 - 21:00 UTC
US anticipates military defeat for the Colombian FARC

Thomas Shannon US Assistant Secretary of State for Western Hemisphere Affairs said he didn't discard a military defeat of the rebel guerrilla group FARC (Colombian Revolutionary Armed Forces) because of the latest blows it has suffered in recent months from Colombian forces.
Wednesday, June 18th 2008 - 21:00 UTC
Military expenditure in South America, lowest in the world

Military expenditure in the twelve countries of South America, according to 2008 budgets, has reached a record 50 billion US dollars which is 2.5% higher than in 2007.
Monday, June 16th 2008 - 21:00 UTC
Latam inflation caused by growth “beyond potential”

The International Monetary Fund, IMF has called on Latinamerica's central banks to send clear signals that their main objective is fighting inflation and not to blame exclusively international rising prices.
Monday, June 16th 2008 - 21:00 UTC
Peru admits talks for US air facilities in the highlands

The United States Army and the Peruvian Armed Forces Joint Command are in negotiations for the establishment of US air facilities in Peru, according to press reports from Lima.
Monday, June 16th 2008 - 21:00 UTC
Peru joins the group of fastest growing Latam's economies

AméricaEconomía, a pan regional business magazine in Latin America, has announced the official launch of a new local edition in Peru. This is the fifth local edition of the glossy magazine which has local editions in Brazil (1996), Mexico (2005), Ecuador (2006) and Chile (2007).
Monday, June 16th 2008 - 21:00 UTC
New natural gas discoveries in Magallanes Region

GeoPark Holdings Limited announced the discovery of two new gas fields in the extreme south of Chile, the Magallanes Region. The gas fields are on the Fell Block following the successful drilling and testing of the two new gas wells.
Sunday, June 15th 2008 - 21:00 UTC
Southern Chile volcano erupts with renewed strength

The Chaiten volcano in southern Chile has erupted with renewed strength, belching thick clouds of ash and hurling molten rocks into the air, regional authorities said Friday.