FT.com - World, Americas
FT.com - World, Americas


Caracas gets tough over Cemex assets
Venezuela has expropriated the local assets of Mexico's Cemex after failing to agree about compensation, as President Hugo Chávez continues to take control of "strategic" sectors of the economy

Cuba looks at trimming social welfare
A government official tells the FT that Cubans have been 'over-protected' by a system that subsidised food and limited wages – prompting labour shortages in key industries

Venezuela to seize Cemex unit in takeover fight
Venezuela will take control of cement plants and offices belonging to Mexico's Cemex as of midnight on Monday after failing to reach an agreement in nationalisation talks, the government said

Paraguay president vows to fight poverty
Fernando Lugo, a leftwing former bishop, was sworn in as president of Paraguay, promising to 'work, work, work' to fight poverty, create jobs and restore credibility after 61 years of one-party rule

Morales says victory 'deepens democracy'
Bolivia's president claimed a reinvigorated mandate for constitutional reform after a partial count of Sunday's recall referendum showed he had won more than 60 per cent of a national vote of confidence in his government

Credit crunch 'echoes Latin debt crisis'
US financial regulators are making the same mistakes as their Latin American equivalents in the debt crisis of the early 1980s, according to Andrés Velasco, Chile's finance minister

Climate threat to Brazil's soya exports
A study will add to concern over food shortages when it reveals that moderate temperature rises would cause significant damage to a range of the country's agricultural produce

Venezuela to allow 100% home loans
While the US subprime mortgage crisis has left many bankers shivering, a new law in Venezuela lets banks offer 100 per cent loans to homebuyers

BG in 'material' discovery off Brazil coast
BP Group has made a "material" discovery in the Santos Basin off the coast of Brazil, an area that could be one of the world's next big oil and gas-producing regions

US group takes Aids fight to Mexican prisons
A US-based NGO highlights the challenges in tackling HIV and helps explain why there were 2.5m new infections around the world last year

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