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Renewed crisis in Argentina puts IMF under fire

Washington - Despite a history of many IMF rescue programs, Argentina once again faces a deepening financial crisis, raising questions about whether the Washington-based lender made a mistake in its dealings with Latin America's third largest economy.

Food on the table the priority for poor Argentines

Buenos Aires - The giant pots simmering in Dagna Aiva's kitchen explain the long line of people outside her house located in a gritty district of southern Buenos Aires, where Argentina's economic crisis is hitting locals hard.

Argentine economy minister resigns amid deepening crisis

Buenos Aires - Argentina's Economy Minister Nicolas Dujovne resigned Saturday after a week of economic tumult caused by President Mauricio Macri's defeat in a primary poll ahead of a general election.

Macri suffers crushing defeat in key Argentina primaries

Buenos Aires - President Mauricio Macri suffered a crushing defeat as Argentines voted in party primaries on Sunday ahead of October's general election.

Venezuela's hyperinflation slowing, says parliament

Caracas - Venezuela's rampant hyperinflation slowed down in July, the opposition-controlled parliament said on Thursday, calculating its figure for the last 12 months at just over 250,000 percent.July's inflation was 33.

Cuba to defend itself in US court over ExxonMobil lawsuit

Havana - Cuba announced Tuesday it would defend itself in US court against oil giant ExxonMobil, which has accused two companies on the island nation of "unlawful trafficking" of its assets after Fidel Castro's 1959 communist revolution.

Latin America set for feeble growth of 0.5% in 2019: UN

Santiago - Hit by five years of "economic slowdown," Latin America's economy will grow by barely 0.5 percent this year, the United Nations economic commission for the region said on Wednesday, well below the 1.3 percent projected in April.

US sanctions 'suffocating' ordinary Venezuelans

Caracas - Venezuelan shopkeeper Manuel Saavedra says new US sanctions are strangling him -- and lots of other everyday people.

At least 30 Venezuelan migrants missing after boat sinks: lawmaker

Caracas - At least 30 Venezuelan migrants are missing after the speedboat they were traveling in sank on its way to Curacao, an opposition lawmaker said on Tuesday.

Tempers flare as oil-rich Venezuela starts to ration gas at the pumps

Barquisimeto - Maria Lopez complains about gasoline rationing that Venezuela -- home to the world's largest oil reserves -- has started introducing in some areas to tackle extreme fuel shortages."It's a joke," Lopez said.

Argentina to intervene in exchange rate to curb peso volatility

Buenos Aires - Argentina adopted a new measure Monday aimed at stabilizing its exchange rate, six months out from presidential elections in which economic worries are having an impact on opinion polls.

Cuban dailies to slash editions over newsprint shortage

Havana - Communist Party daily Granma and other Cuban newspapers will slash edition sizes from Friday because of a shortage of newsprint, echoing similar cutbacks imposed by Fidel Castro after the fall of his Soviet Union ally in the 1990s.

Blackouts savage Venezuela's already tattered economy

Caracas - Two vast blackouts that hit Venezuela this month have savaged its already ragged economy, paralyzing its vital oil industry and costing the country $200 million a day, experts say.

Brazil's closer ties with US a risky strategy: analysts

Bras - Brazilian President Jair Bolsonaro's pursuit of closer ties with the United States risked compromising the Latin American country's foreign interests and leaving it alienated, analysts warned.

Hunger stabs at Venezuelans impoverished by crisis

Maracaibo - The fish Juan Maurice is catching are so small they're best thrown into a frying pan. Even so, they won't fatten this out-of-work builder who has lost 16 kilograms (35 pounds) over the past two years.

Victims of Venezuela crisis despair at prospect of second Maduro term

Caracas - A public transport employee who doesn't earn enough to feed himself, a doctor who watches his patients die for lack of medicines, a lawmaker without a legislature, three generations of one family emigrating -- the list of victims of Venezuela's crisis ...

Cuba celebrates 60 years of revolution amid challenges and change

Santiago De Cuba - Cuba, long a source of inspiration for leftist Latin American governments, celebrated the 60th anniversary of its revolution on Tuesday facing increasing isolation in a region dominated by a resurgent right.

Cuba celebrates 60 years of revolution amongst challenges and change

Havana - Cuba will celebrate 60 years of revolution on Tuesday amidst economic crises and political reforms, the first time it will mark such an anniversary without a revolutionary fighter in power.

Venezuelan government takes over Goodyear plant

Caracas - The Venezuelan government took control Tuesday of installations owned by Goodyear, a day after the US tire-maker closed its operations in the crisis-torn South American country.

Venezuelan government takes over Goodyear plant

Caracas - The Venezuelan government took control Tuesday of installations owned by Goodyear, a day after the US tire-maker closed its operations in the crisis-torn South American country.

Venezuelan government takes over Goodyear plant

Caracas - The Venezuelan government took control Tuesday of installations owned by Goodyear, a day after the US tire-maker closed its operations in the crisis-torn South American country.

China's Xi in Panama on mission to bolster clout in Latin America

Panama - China's President Xi Jinping and his Panamanian counterpart Juan Carlos Varela signed a string of cooperation agreements Monday as Beijing aims to extend its political and economic influence in Latin America.

Venezuela's Maduro boosts minimum wage by 150 percent

Caracas - President Nicolas Maduro on Thursday increased Venezuela's minimum wage by 150 percent, the sixth readjustment this year, as part of an economic reform plan that has failed to curb rampant inflation.

Cuba president greets returning doctors after Brazil feud

Havana - Cuba President Miguel Diaz-Canel personally welcomed back doctors at Havana airport, a local newspaper reported, as 200 returned from Brazil following a spat between the two Latin American countries' leaders.

First Cuban doctors return over spat with Brazil's Bolsonaro

Havana - The first of more than 6,000 Cuban doctors working in Brazil arrived back on the Communist-run island Thursday after Havana announced it was withdrawing from a medical aid program over a spat with President-elect Jair Bolsonaro.

Cuba plans a center devoted to study of Fidel Castro: Granma

Havana - As the second anniversary of Fidel Castro's death approaches, Cuban authorities are working on a center for the study and promotion of his ideas, the official newspaper Granma reported Saturday.

World Bank warns of Latin America's 'fragile' recovery

Washington - The World Bank on Friday expressed concern over the "fragile" economic recovery in Latin America and the Caribbean, weighed down by Venezuela's spiraling crisis and weak performances in Brazil and Argentina.

Maduro says oil finance commitments won from China

Caracas - Venezuelan President Nicolas Maduro said Saturday he had new commitments from Beijing on funding for the oil industry on which crisis-hit Caracas relies.

Many Nicaraguan businesses closed as 24-hour strike begins

Managua - Many shops, banks and gas stations were closed Friday in a 24-hour strike in Nicaragua called by the opposition in protest at "political prisoners" and the rule of President Daniel Ortega's government.

Venezuela arrests 131 accused of economic sabotage

Caracas - Venezuelan authorities have arrested 131 people accused of attempting to sabotage reforms implemented by President Nicolas Maduro to alleviate a crippling economic crisis, the attorney general said on Thursday.
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