Uruguay's Vazquez returns to office a decade later but with a different economic climate

The incoming and outgoing presidents effusively embrace in the stage mounted in the Independence Plaza The incoming and outgoing presidents effusively embrace in the stage mounted in the Independence Plaza

Tabare Vazquez was sworn in as president of Uruguay Sunday, returning to office a decade after first leading the centre left catch-all coalition to power and drawing a curtain on folksy farmer Jose Mujica's colorful rule. Vazquez, a cancer doctor with a more buttoned-down style than the outspoken Mujica, won 53.6% of the vote in a November ...

Cristina Fernandez defends the Kirchner legacy and warns her December successor

“In fact, we are the only country whose debt has been reduced to negative values,” said the president citing a report by McKinsey international consulting.“In fact, we are the only country whose debt has been reduced to negative values,” said the president citing a report by McKinsey international consulting.

In her usual fiery style Argentine president Cristina Fernandez on Sunday addressing Congress lashed out at the Judicial branch, questioned the political use of the AMIA bombing, for the first time openly referred to the Nisman case, and underlined that Argentina is no longer 'in the red'. She ended with a veiled warning to whoever suc...

Argentine technical mission to China to assess the purchase of jet fighters

Negotiations remain secret but according to Argentine sources the purchase could range between 14 and 20 aircraft, basically the FC-1/F-17Negotiations remain secret but according to Argentine sources the purchase could range between 14 and 20 aircraft, basically the FC-1/F-17

It's official: in the coming weeks a technical delegation from Argentina's Air Force will be travelling to China to assess the convenience of purchasing Chinese jet fighters to replace the obsolete French made Mirages. Only a month ago president Cristina Fernandez was in Beijing where she sealed an “integral strategic alliance...

Brazil consumers' power bills increase an average 23.4% as of next Monday

The rate hike is geared to cover the estimated 22.1 billion Real (7.77 billion dollars) cost of a subsidy program, the government no longer will financeThe rate hike is geared to cover the estimated 22.1 billion Real (7.77 billion dollars) cost of a subsidy program, the government no longer will finance

Brazil's utilities were granted an average special rate hike of 23.4% to cover the costs of a energy subsidy program that the government of President Dilma Rousseff has decided to stop funding directly, the country's electrical energy system regulator said on Friday, as reported by Folha de Sao Paulo.

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