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LatinNews Daily - 31 August 2018

Main Briefing
Development: On 30 August hundreds of people took to the streets in Honduras’s capital, Tegucigalpa, demanding the resignation of President Juan Orlando Hernández.... Read More
Andean
Development: On 30 August, Venezuela’s attorney general, Tarek William Saab, said in a press conference that 92 people have been arrested for “speculation and economic destabilisation”.... Read More
Colombia: US telecommunications firm, Hughes Network Systems, has announced that its recently launched satellite will begin operating in October, bringing satellite internet to 1.5m homes in rural Colombia.... Read More
Brazil
Development: On 30 August, the sale of three regional subsidiaries of Brazil’s state-owned electricity company Eletrobras was concluded at a public auction in the city of São Paulo.... Read More
* Brazil’s central bank (BCB) has announced that it will intervene in the local currency market to contain the depreciation of the Real against the US dollar.... Read More
Central America & Caribbean
Panama: Panama’s President Juan Carlos Varela has announced a deal between Metro de Panamá SA (a government agency) and the nominated subcontractor of the Panama metro Line 3 (comprising Japan’s Hitachi LTD, Mitsubishi Corporation, and Ansaldo STS, Hitachi’s Italian railway unit) for the purchase of all the equipment and wagons of Line 3 - an investment of US$839.6m which will improve urban mobility between Panama City and its western suburbs.... Read More
Mexico
Development: On 30 August the local authorities reported that Agustín Banda Olivares, a recently elected local legislator from the Partido de la Revolución Democrática (PRD), had been shot dead by a group of unidentified armed men in Guanajuato state.... Read More
* Alejandro Ramírez, the head of Consejo Mexicano de Negocios (CMN), a Mexican private sector lobby, has called for the recently reached bilateral agreement between Mexico and the US on new terms of the North American Free Trade Agreement (Nafta) to include Canada.... Read More
Southern Cone
Development: On 30 August Uruguay’s economy & finance minister, Danilo Astori, called for calm and said that the economic and financial crisis that is currently affecting neighbouring Argentina will not be replicated in Uruguay.... Read More
Argentina: Argentina’s central bank (BCRA) has increased its benchmark interest rate from 45% to a record high 60% in a bid to stem capital flight from the country.... Read More

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