Latinnews Daily - 04 January 2018

Development: On 3 January Ecuador’s President Lenín Moreno declared the post of vice president vacant and announced that he will now send a shortlist of nominees to the unicameral national assembly so that it can elect a new vice president.... Read More

Colombia: The national coffee sellers’ association (FNC) has reported the country exported 13.1m sacks of coffee in 2017, up 2% on the 12.8m sacks sold in 2016.... Read More

Development: On 3 January, Brazil's industry & foreign trade minister, Marcos Pereira, resigned to run for a position in the federal chamber of deputies in this year’s general election.... Read More

*Brazil’s state-owned oil company Petrobras has agreed to pay US$2.95bn to settle a class action lawsuit in the US, according to a statement on the firm's website.... Read More

Development: On 3 January, the European Union’s High Representative for Foreign Affairs and Security Policy Federica Mogherini, arrived in Cuba for an official visit.... Read More

El Salvador: The central bank (BCR) has reported that the country’s exports increased by 6.13% year-on-year during the January-November 2017 period to reach US$5.24bn.... Read More

Development: On 3 January the presidential candidate of Mexico's federally ruling Partido Revolucionario Institucional (PRI), José Antonio Meade Kuribreña, denied being “the father of gasolinazos”, as Mexicans refer to a sharp increase in fuel prices.... Read More

*The Financial Action Task Force (FATF), an inter-governmental organisation dedicated to helping develop policies to combat money laundering and the financing of terrorism, has released a new report on Mexico in which it criticises the authorities of the North American country for falling short in their efforts.... Read More

Development: On 3 January, Argentina’s centre-right Cambiemos coalition government announced that public transport fares would rise by between 25% and 50% in the Área Metropolitana de Buenos Aires, which comprises the capital and the surrounding 24 districts.... Read More

Uruguay: The office of the presidency has released its 2016 national energy sector balance report, which shows that for the first time in 52 years the amount of electricity produced by burning organic matter (biomass) was greater than the amount of electricity produced by the burning of oil derivative fuels.... Read More