Mexico to revise 2014 budget after devastating storms
Landslides and floods have risen death toll to some 115
Mexican President Enrique Peña Nieto announced Congress will revise the planned 2014 budget after the country was hit by the worst storms in decades."Congress will absolutely have to adjust the federal budget in light of the mounting destruction caused by Tropical Storm Ingrid and Hurricane Manuel over the past week," he said, Reuters reports.
China and Venezuela pledge to seek stronger strategic ties
Xi: Both nations should boost the establishment of China-Latin America Cooperation Forum
The president of Venezuela, Nicolás Maduro, and his Chinese counterpart, Xi Jinping, pledged to deepen strategic relations during a state visit to the Asian country by Maduro. The Venezuelan leader called on the two countries to bolster ties particularly on industry, agriculture, oil and gas, transportation, science and technology, investment and finance, the Global Times reports.
Panama and Colombia sign trade pact
Both nations trade $2.8 billion on average each year
Panama signed a free trade agreement with Colombia on Friday, making a step forward to join the Pacific Alliance. The agreement was signed by Panama's Minister of Trade and Industry Ricardo Quijano and Colombia's Minister of Trade, Industry and Tourism Sergio Díaz-Granados. Panama is now in negotiations with Mexico in a bid to reach another free trade agreement, according to Quijano, Xinhua reports.
Argentina: Economy grew 8.3 percent in second quarter
Exports of goods and services were up 4.4 percent
The government of Argentina said its economy grew 8.3 percent in the second quarter, compared to the same period last year. The national statistics agency, Indec, said growth was higher because of a 16.2 percent increase in investment and an 8.6 percent increase in public-sector consumption, Nasdaq reports.
Mining sector to boost industrial development in Peru, says Humala
Sector expected to reach annual growth rate of 12 percent by 2016
Peruvian President Ollanta Humala said the mining sector would create hundreds of thousands of jobs and boost industrial development in the country by 2016. He said mining exports are expected to increase from the current $25 billion to more than $30 billion in value and would generate some 4 million jobs, Andina reports.
Argentina pay TV grows, but free-to-air still over 50 percent Rapid TV News
Siemens wins wind power contract in Peru Energy Business Review
Chile to offer leanest budget in four years Reuters
South Korea to cooperate with Ecuador on aquaculture The Fish Site