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October 7, 2013

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Canada accused of spying on Brazil's energy Ministry 
Latest in series of espionage cases which include the U.S. and Britain

Canada's Communications Security Establishment was accused of using a software called Olympia to track the Brazilian Mines and Energy Ministry communications, according to a report on Globo television. “Canada has interests in Brazil, above all in the mining sector. I can’t say if the spying served corporate interests or other groups," said the country's energy minister, Edison Lobao, the Washington Post reports.

Argentine politics on hold after doctor tells President to rest
Medical team orders one month vacation; coincides with elections on October 27

Argentine President Cristina Fernández de Kirchner was ordered by her medical team to rest for a month after they found fluid in her skull from a previously undisclosed head injury last August. “If she’s not there for a month, exactly when there are elections, it’s a significant development. It’s going to change the political dynamic," said analyst Fabian Perechodnik, Bloomberg reports.

Chile and Thailand sign free trade accord
Agreement strengthens ties with Asean bloc

The President of Chile, Sebastian Piñera (left), and the Prime Minister of Thailand Yingluck Shinawatra, signed a free trade agreement in Bangkok on Friday. The accord immediately lifts tariffs on more than 90 percent of Chilean products exported to the Asian country. The agreement is Chile's fifth with a member of the Asean community, which groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, the Global Times reports.

International Monetary Fund: Uruguay to grow 4 percent in 2013
Last year, country completed a full decade without a single year of contraction

The International Monetary Fund raised this year's outlook for Uruguay, saying the country will grow 4 percent, up from a previous estimate of 3.8 percent in May. But the Fund lowered the country's outlook for next year to 3.5 percent, citing inflation and growing labor costs as key risks for the economy, Reuters reports.

Veracruz, Mexico, sees $5 billion in petrochemical investments
Majority of investment to come from Brazil's Odebrecht

The Mexican state of Veracruz is set to receive $5 billon over the next months to develop petrochemical projects in the region, said the state governor Javier Duarte. The announcement was made during a meeting to discuss the progress of the Ethylene XXI Century complex being built in the state, Fibre2fashion reports.

MOREOVER

Banorte buys Italian firm Generali's Mexican stakes Fox News Latino

Ecuador gives green light to oil drillin in Amazon New York Times

Colombia expects to increase trade with Pacific Alliance Xinhua

Chile loses an estimated $1 billion in fruit crops to frost Reuters

Venezuela seeks renewal of $20 billion Chinese credit line Reuters

Peru's telecoms industry to benefit from 4G rollout Fox News Latino 

U.S. arm of Odebrecht faces obstacles for its Airport City plan Miami Herald 

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