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Venezuela’s creditors working on eventual debt restructuring: source

June, 20 2018 (Reuters) Venezuela’s public and private creditors are working on how to one day restructure its debt, though U.S. sanctions make that impossible for now, a source close to the Paris Club of government creditors said on Wednesday. Crippled by a hyperinflationary economic crisis, the cash-strapped Venezuelan government and state oil company PDVSA [...]

Trucker strike lifts Brazil inflation to two-year high in mid-June

June, 21 2018 (Reuters) BRASILIA (Reuters) - Brazil’s inflation rate soared back to the central bank’s official target range in mid-June after a nationwide protest by truckers drove product shortages across the board, lifting consumer prices by the most in more than two years. Still, the short-term spike in prices was unlikely to drive the [...]

Colombia’s President-Elect Ivan Duque Vows To Change Peace Deal With Leftist Rebels

June, 18 2018 (Huffpost) In the first presidential election since the 2016 peace deal with the Revolutionary Armed Forces of Colombia, Duque worried Colombians with a promise to overhaul the accord that ended a five-decade conflict. Colombia’s President-elect Ivan Duque, who swept aside leftist Gustavo Petro in Sunday’s election, pledged to unite his South American [...]

Mexico’s foreign minister blasts ‘cruel and inhumane’ US immigration policy

June, 20 2018 (CNN) Mexico's foreign minister on Tuesday added his voice to the chorus condemning the Trump administration's separation of children from their parents at the southern US border, calling the policy "cruel and inhumane." Foreign Minister Luis Videgaray referred to one case involving a 10-year-old girl with Down syndrome as "particularly painful." He [...]

More deaths in Nicaragua violence as talks collapse

June, 20 2018 (BBC) At least three people were killed and many injured as government forces in Nicaragua launched an operation to regain control of the city of Masaya. Residents say security forces and militias used disproportionate force to clear barricades on Tuesday. The operation was launched a day after the collapse of talks between [...]

Venezuela deploys soldiers to markets to check prices

June, 21 2018 (BBC) Venezuela has deployed soldiers to almost 100 food markets in efforts to counter an "economic war" it says is being waged against it. President Nicolás Maduro ordered the measure, arguing that sellers were charging over the odds for price-controlled items. Venezuela has the highest inflation in the world and there are [...]

Venezuela frees 40 jailed activists and politicians

June, 3 2018 (BBC) The Venezuelan government has released another 40 opposition politicians and activists, bringing to 79 the number of people freed in the past two days. Communication Minister Jorge Rodriguez said the government was reviewing other dissidents' cases. He said it was a goodwill gesture to help ease tensions. The announcement comes after [...]

Cuba to begin constitutional reforms to formalise ”opening-up’

June, 2 2018 (BBC) Presidential term limits and the legalisation of same-sex marriage are amongst reforms being proposed by Cuba's national assembly. The intention is to constitutionally formalise the island's economic and social opening-up while maintaining the "irrevocable nature of socialism". Former President Raúl Castro will lead the potential reforms, President Miguel Diaz-Canel has announced. [...]

Nicaragua police end church siege after day of terror in Masaya

June, 3 2018 (BBC) Police in Nicaragua have ended the siege of a church where opposition supporters had sought refuge after being attacked by riot police and pro-government militias. Doctors have been allowed to treat the injured inside the church in the city of Masaya. Two people have died. Some 30 people who were inside [...]

Emerging markets wobble: Argentina hikes rates to 40%

May, 4 2018 (CNN) Investors are flocking to the United States, a move that's causing real pain in some emerging markets. Interest rates hit 40% in Argentina on Friday after a currency slide forced the country's central bank to execute its third rate hike in eight days. Turkey's lira has also fallen sharply in recent [...]

Maduro’s power grab can teach us how to defend against tyranny

May, 24 2018 Without a hint of irony, Venezuelan President Nicolas Maduro tweeted, "Let the world know. Millions of people are voting freely ... In Venezuela, it is the people who elect the president." The world, of course, already knows, as do the Venezuelan people, that the country long ago ceased to be a democracy. [...]