Vazquez and Mujica disputing the leadership of Uruguay's ruling Broad Front

Vazquez victory on Sunday would confirm a third consecutive administration for the Broad Front coalition, in all cases with legislative majority Vazquez victory on Sunday would confirm a third consecutive administration for the Broad Front coalition, in all cases with legislative majority

On Sunday Uruguayan voters will confirm in a runoff the country's next president, which according to all forecasts will be Tabare Vazquez. An oncologist by training, former president (2005/2009) and former mayor of the City of Montevideo, Vazquez and the Broad Front coalition was just less than three percentage points short of the needed 50...

New Brazilian minister pledges realistic fiscal targets and balanced economic growth

“We are not in a moment of crisis, so it is important to lay the basis for the next few years,” Levy told reporters in a first attempt to transmit confidence “We are not in a moment of crisis, so it is important to lay the basis for the next few years,” Levy told reporters in a first attempt to transmit confidence

Brazilian President Dilma Rousseff finally announced on Thursday the appointment of Joaquim Levy, as her next Finance minister who is also known as the 'scissors man', who pledged more realistic fiscal targets and promised more balanced economic growth.

Mujica enjoys 65% support and 47% of Uruguayans feel good about the economy

Even 34% of public opinion identified with the opposition believes Mujica is doing a good job Even 34% of public opinion identified with the opposition believes Mujica is doing a good job

Uruguayan president Jose Mujica who next Monday begins the last three months of his five-year mandate enjoys a 65% public opinion support according to the latest poll from Mori released this week. Negative opinion only represents 17% while 18% did not say whether they approved or disapproved of the popular leader’s performance.

Oil price plunges as OPEC decides against cutting output despite world glut

The cartel, whose largest producer and exporter is Saudi Arabia, will meet again in June next year, said an OPEC delegate.The cartel, whose largest producer and exporter is Saudi Arabia, will meet again in June next year, said an OPEC delegate.

Brent and US crude oil plunged as much as 6.50 dollars a barrel on Thursday, the steepest one-day falls since 2011 following on OPEC's decision against cutting output despite a huge oversupply in world markets.

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