The newly-named olinguito has become the first New World carnivore to be identified in 35 years.
For more than a century the olinguito, also known as Bassaricyon neblina, was mistaken for its larger close cousin the olingo.
But following a 10 year research project examining the skull, teeth and skin of museum specimens and tracking the animals in the wild, scientists at the Smithsonian Institute confirmed it is a different species.
More top news
A primary school has taken action after pupils brought in an variety of "worrying" packed lunches - including a two-day-old McDonalds.
A 30-year-old man was arrested in Birmingham on Sunday on suspicion of preparing terrorist acts.
Two students and their climbing instructor are feared dead after an avalanche hit a school party in Japan.