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Mexico’s Slim heads Forbes rich list

Carlos Slim, the Mexican telecommunications billionaire with a net worth of $53.5bn, has been crowned the world’s richest person by Forbes magazine – the first time in 16 years the post has been held by a non-American.

Ferrous considers $3bn-$4bn London flotation

Ferrous Resources, the emerging Brazilian iron ore producer, has revived plans for a London flotation that could be worth $3bn-$4bn

Insurers to face big Chile claims

Insurers face between $4bn and $7bn of claims from the earthquake in Chile, according to Europe's leading reinsurers, which also detailed their expected losses from...

Chile quake sours Bachelet’s legacy

Though the country’s outgoing president exuded empathy as she toured wrecked towns, warnings of a tsunami were botched and she looked slow to deliver aid or deploy the military to quell looting

Tax move by Brazil risks US trade war

Brazil moved to raise tariffs on a wide range of American goods, potentially igniting a trade war with the US over cotton subsidies after eight years of litigation at the World Trade Organisation

Brazil and US near cotton subsidies showdown

Brazil takes another step towards a final showdown with the US in its long-running battle over cotton subsidies when it releases a list of about 50 American products it will punish with higher tariffs

Chávez under fire from international community

Mr Chávez’s socialist government has come under heavy fire from the international community for allegedly assisting drug traffickers and violating human rights at home, and has been accused of co-operating with Spanish and Colombian insurgents on assassination plots

Despair grows in Chilean port

A week after the quake, people are scavenging for essentials as they wait for aid

Piñera vows to rebuild ruined state

New president will have to rethink his ambitious programme, which promised 1m jobs and 6 per cent a year growth during his term

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Comment

Argentina strikes at central bank

The sacking of the central bank chief, Martin Redrado, is further sign that this potentially prosperous country is being steered in circles by the cut rudder of Peronist populism

Chile in OECD

Chile has become the first South American nation to become a member of the Organisation for Economic Co-operation and Development

Special reports

Colombia

Protest in Bogota against President Uribe

Colombia – a country racked by 45 years of guerrilla warfare and the violent rise of drug trafficking – has been a challenge to rebrand