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Repsol cancels LNG shipments to Argentina
Spanish group scraps nine deliveries of liquefied natural gas worth $360m in wake of YPF seizure over alleged ?contract violations? by Buenos Aires

Venezuelan government evacuates prison
After a three-week stand-off which culminated in a shoot-out between inmates and security forces, authorities managed to control the violence that brought the capital to a standstill

Brazil stimulus fails to raise growth
Contraction makes Brazil?s growth second slowest in Latin America and comes as Asia?s major emerging markets, China and India, are also decelerating

Chronicler of Mexico?s failings
Carlos Fuentes, the Mexican intellectual, was a critic both of US attitudes to Latin America and of Castro and Chávez, writes Adam Thomson

Brazil wealthy set to double in 11 years
Rise of well-educated, financially empowered groups changes Brazil?s politics and social fabric, analysts say, with demands for efficient government

Banks poised to seize YPF stake
Petersen Energía has defaulted on a loan from Credit Suisse, Goldman Sachs, BNP Paribas and Itaú that was used to fund its purchase of YPF shares

Argentine electricity groups fear collapse
Decade-long energy tariff freeze sees providers warn of difficulties, sparking concern that the government could step in to nationalise them

Rising costs cut Petrobras profits
Brazil?s state-run oil company, posted a 16 per cent drop in net income for the first quarter after government policies to protect domestic consumers eroded profits

Novelist Fuentes dies, age 83
Author associated with Latin America?s literary boom of the 1960s and 1970s dies in Mexico City hospital after suffering heart problems

Brazil sugar production costs rise
Even with abundance of sunshine, water and land suitable for cane production, the advantages of once vaunted low South American cost base is eroding

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