Peru’s Finance Minister Says Talks On Mining Tax Are Advancing

LIMA -(Dow Jones)- Peru Finance Minister Luis Miguel Castilla said Monday that the government is advancing in talks with mining companies on how best to increase taxes without affecting the sector's competitiveness.

Fitch: Peru’s Credit Fundamentals Still Robust

In a Special Report, Fitch Ratings notes that Peru's creditworthiness is supported by its robust external and fiscal balance sheets and manageable debt repayment profile, which provide a buffer against confidence shocks.

Peru’s New Culture Minister Is Susana Baca

Susana Baca has been named minister of culture in Peru, where President Ollanta Humala took office last week.

Argentina’s Ruling Coalition Suffers Major Defeat In Buenos Aires

Argentina's Ruling Coalition Suffers Major Defeat In Buenos Aires

Peru Inflation Doubles Forecast as July Prices Jump Most in Three Years

Peruvian consumer prices rose at the fastest pace in more than three years in July, double what analysts were expecting, fueling speculation the central bank is getting closer to raising borrowing costs.

Argentina Plans for Nuclear Propulsion Diesel Submarines

BUENOS AIRES: Argentina is considering the development of “nuclear propulsion” for its diesel-engine submarines, Defence Minister Arturo Puricelli said.

Report: Venezuela Could Release 20,000 Inmates

Venezuela's new prisons minister believes that 40% of the country's inmates do not belong behind bars, the El Nacional newspaper reported. ...

Report: Venezuela could release up to 40% of its prisoners

Venezuela's new prisons minister believes that 40% of the country's inmates do not belong behind bars, the El Nacional newspaper reported.

Venezuela considered freeing 20,000 inmates

The new Venezuelan minister for the prison service, Iris Varela, suggested the release of some 20,000 prisoners as part of a plan to ease overcrowding in facilities plagued by violence.