Daily Headlines: July 26, 2016

* Brazil: Amid the plethora of negative news on the upcoming Rio Olympics there’s a small glimmer of hope –Brazil’s economy could emerge from a deep recession by the end of this year.

* Mexico: In light of free trade becoming a hot topic in the U.S. presidential race, Mexican Foreign Minister Claudia Ruiz Massieu suggested “modernizing and updating” the North American Free Trade Agreement.

* Latin America: LATAM Airlines, Latin America’s largest air carrier, was fined some $22 million over “violating accounting laws connected to a scheme to bribe Argentine union officials.”

* Argentina: Ex-Argentine President Cristina Fernandez de Kirchner claimed to be unafraid of going to jail over allegations of corruption and compared her situation to that of suspended Brazilian leader Dilma Rousseff.

* Ecuador: As part of the latest legal tug-of-war between Ecuador and Chevron, the South American country’s central bank paid $112 million as part of an arbitration ruling favoring the U.S. oil firm.

* Chile: The Chilean Supreme Court last week unanimously lengthened the prison sentences against two former military officers convicted in the 1973 deaths of documentary filmmaker Charles Horman and university student Frank Teruggi.

YouTube Source – CCTV News (Brazil’s economy entered its fifth straight quarter at a loss at the beginning of 2016, but could emerge from its crippling recession by the end of this year).

Online Sources – Washington Post, Los Angeles Times, MarketWatch, Reuters, USA TODAY, Al Jazeera English