Peru’s central bank will raise the reserve requirement for foreign banks depositing local currency in the domestic banking system after the Sol rose to a two- year high.
Some 127 light years away in the constellation of Hydrus, a new solar system has been discovered by a team of astronomers at the European Southern Observatory (ESO) on Cerro La Silla in Chile’s Coquimbo Region (IV).
Air France announced that beginning September 6, it will add more flights between Paris and Santiago. The airline currently offers five flights per week, but by September plans to increase that number to seven.
Cuba's elderly will no longer be entitled to state-subsidised cigarettes, the government has said. All Cubans 55 or older are allocated four packs of cigarettes a month for about 25% the normal price, but this privilege is being ended in September.
South America and particularly Mercosur spend less than 2% of GDP in military hardware which makes it the world region that less invests in defence, said a high ranking official from the Barak Obama administration visiting Paraguay.
Oil rich Venezuela’s September 26 legislative elections campaign was officially launched Wednesday which promise to be a tough test for President Hugo Chavez following a year of recession, growing inflation and rampant crime rate.
Brazil and Chile announced they will jointly manufacture military cargo airplanes as a first step towards closer long term cooperation in military hardware. The announcement was done by Brazilian Defense minister Nelson Jobim during a visit to Santiago.
Chile has appealed to the US space agency NASA for help in keeping 33 trapped miners alive during a rescue attempt which could take four months. Health officials compared the cramped conditions the men are in to those astronauts experience during long stints on the International Space Station.
Ecuador said it would be contacting Colombian officials regarding the Colombian guerrillas FARC proposal for a “political dialogue” in the framework of the Union of South American Nations, UNASUR.
Organization of American States (OAS) chief José Miguel Insulza, said that the violence in some Latin American countries with high homicide rates can be compared to an “epidemic.”