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Economics & Finance

Colombia has surpassed Argentina to become the third-largest economy in Latin America, after Brazil and Mexico.

Likely top stories this week: Solís wins Costa Rican election; the Obama Administration faces increasing pressure on its deportation policy; Venezuelan government reacts after Spain suspends the sale of riot gear; a FIFA executive admits that Brazil is still behind schedule for the 2014 World Cup.

Likely top stories this week: the Cuban government passes a new foreign investment law; Venezuelan troops take control of San Cristóbal; Costa Rican presidential candidate Solís lacks an opponent; Brazilian security forces raid Maré favela in Rio; China's Chinalco halts its Toromocho mining project in Peru.

Thanks to Chinese and Russian loans, Venezuela's new Sicad 2 foreign exchange system may mitigate shortages, but will it keep protests from spreading?

As surging inflation takes a toll on Argentine consumers, the Argentine government affirmed on Tuesday that it would levy fines against supermarkets who fail to respect voluntary price controls that many stores and wholesalers agreed to in December.

U.S. Trade Representative Mike Froman announced today in Davos that the United States would join others including China, Canada, the EU, and Japan to negotiate freer global trade in environmental goods.  An economic sector estimated at over $950 billion annually, the market for such products is already significant and it is only expected to grow. 

The Argentine government adopted new legislation limiting online buying on Tuesday in an effort to defend domestic production.

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