Chile’s La Polar Falls Most in 7 Months After Merger Rejected

By Nathan Gill      June 30 (Bloomberg) — Empresas La Polar SA, Chile’s fourth-largest department store chain, sank the most in seven months after saying it rejected a merger offer from supermarket chain Omega SA.      La Polar fell 6.4 percent to 1,960 pesos in Santiago trading, its steepest drop since Nov. 20. The stock… Read More Chile’s La Polar Falls Most in 7 Months After Merger Rejected

Honduran Protesters, Soldiers Clash Outside Palace After Coup

By Andres R. Martinez and Nathan Gill      June 29 (Bloomberg) — Hundreds of protesters clashed with riot police and soldiers outside Honduras’ presidential palace a day after the military arrested President Manuel Zelaya at gunpoint and put him on a plane out of the country.      Regional leaders, from market-friendly Mexican President Felipe Calderon… Read More Honduran Protesters, Soldiers Clash Outside Palace After Coup

Latin America Leaders Call Summit to Restore Zelaya (Update 4)

By Nathan Gill and Joshua Goodman      June 29 (Bloomberg) — Latin American leaders are gathering in an emergency summit to restore Honduran President Manuel Zelaya to office after his ouster by the military yesterday in a showdown over a referendum on term limits.      Regional leaders, from market-friendly Mexican President Felipe Calderon to self-declared… Read More Latin America Leaders Call Summit to Restore Zelaya (Update 4)

Latin America Calls Summit to Try to Restore Zelaya in Honduras

By Nathan Gill and Eric Sabo      June 29 (Bloomberg) — Honduran President Manuel Zelaya, ousted by the military, meets with Venezuelan President Hugo Chavez and regional leaders today in a show of support designed to restore him as head of the Central American country.      Zelaya said soldiers surrounded his house and forced him… Read More Latin America Calls Summit to Try to Restore Zelaya in Honduras

Honduras Military Is Creating a ‘State of Terror,’ Zelaya Says

By Nathan Gill and Andres R. Martinez      June 28 (Bloomberg) — Honduras’ military is creating a “state of terror” by closing the country’s airports and borders after taking power, said Manuel Zelaya, who was deposed as president in the coup earlier today.      Zelaya spoke in the Nicaraguan capital, Managua, where he is meeting… Read More Honduras Military Is Creating a ‘State of Terror,’ Zelaya Says

Chavez Says Honduras Coup Will Fail, Vows Assistance

By Nathan Gill and Andres R. Martinez      June 28 (Bloomberg) — Venezuelan President Hugo Chavez said a military coup in Honduras is “destined to fail” and that his nation’s armed forces are ready to help return President Manuel Zelaya to power.      Chavez, joined by Zelaya and the presidents of Ecuador, Nicaragua and Cuban… Read More Chavez Says Honduras Coup Will Fail, Vows Assistance

Zelaya Is ‘Constitutional’ President of Honduras, Ortega Says

By Nathan Gill and Andres R. Martinez      June 28 (Bloomberg) — Nicaraguan President Daniel Ortega said Manuel Zelaya, who was ousted from power by soldiers today, is the constitutional president of Honduras, according to comments broadcast on Telesur.     Ortega is meeting with Zelaya and Venezuelan President Hugo Chavez in Managua, the… Read More Zelaya Is ‘Constitutional’ President of Honduras, Ortega Says