Stories for December 27th 2012

Thursday, December 27th 2012 - 20:18 UTC

Setback for Cristina Fernandez: Supreme Court rejects two appeals on the Media Law

Ricardo Lorenzetti, president of the Argentine Supreme Court

The Argentine Supreme Court rejected on Thursday the Government’s ‘per saltum’ request to debate the constitutionality of two articles in the controversial Media Law which has the administration of President Cristina Fernandez clashing with the powerful Clarin group.

Thursday, December 27th 2012 - 19:57 UTC

First Kirchnerite minister to be sentenced to four years in prison

Felisa Miceli who was Finance minister from 2005 to 2007 anticipated she would appeal.

Argentine former Economy Minister Felisa Miceli was sentenced to 4 years in prison after being found guilty of hiding and destroying evidence after a bag full of cash was found in her office in 2007; an incident which ended with her resigning from office.

Thursday, December 27th 2012 - 19:49 UTC

Maduro with more power on economic affairs; devaluation of the Bolivar in the agenda

The resolution empowering Maduro and signed by Chavez 9 December was only made public this week

Venezuelan president Hugo Chavez delegated certain responsibilities in economic affairs to Vice-President Nicolas Maduro including the right to authorize debt sales and seize assets. The announcement comes at a moment when significant economic decisions must be taken following the profligate spending leading to last October’s election.

Thursday, December 27th 2012 - 06:11 UTC

Cristina Fernandez recommended to ease intensity and will cut short visit to Asia

The Argentine president suffers from chronic arterial hypotension

Argentine president Cristina Fernandez has been recommended by her medical team to ease the ‘intensity’ of her activities and thus will leave Vietnam out of a tour which is planned for next month and includes the Arab Emirates and Indonesia.

Thursday, December 27th 2012 - 06:05 UTC

Argentine labour leader files complaint against officials for last week’s extended looting

Moyano, Abal Medina and Berni playing the ‘blame game’

The head of Argentina’s organized labour, Hugo Moyano filed a complaint before a federal criminal court against cabinet chief Juan Manuel Abal Medina and Security Secretary Sergio Berni who openly and repeatedly accused the teamsters leader of being behind the extended rioting and looting of last week when four people were killed, hundreds injured and arrested and left millions of dollars in damages.

Thursday, December 27th 2012 - 06:01 UTC

Xmas rainstorms and soggy soil delaying soy and corn planting in Argentina

Wheat harvesting has also been delayed and the crop estimate was lowered 5% by the government

Christmas rainstorms across Argentina further delayed soy and corn planting, keeping markets guessing about whether the grains powerhouse can produce enough this season to help bring high-flying global food prices down to earth.

Thursday, December 27th 2012 - 05:49 UTC

China’s Industrial and Commercial bank, authorized to open a branch in Brazil

ICBC is the world's largest lender by market value

The Industrial and Commercial Bank of China Ltd, the world's largest lender by market value, got the green light from Brazilian regulators to operate a subsidiary in the Latin America's largest economy, the lender said on Wednesday. Brazil's central bank approved the license on Dec 19.

Thursday, December 27th 2012 - 05:45 UTC

Venezuela opposition leader says Chavez not obliged to take the oath 10 January

Henrique Capriles understands that the president-elect can also take the oath before the Supreme Court

The Venezuelan government and opposition coincide that it is possible to postpone the oath taking ceremony of President Hugo Chavez, which according to the constitution should take place on 10 January, if the re-elected leader is still in Cuba recovering from his fourth cancer operation.

Thursday, December 27th 2012 - 05:39 UTC

Timerman meets with Jewish community to report on talks with Iran

The Argentine minister said there are no trade interests involved in talks with Teheran

Argentine Foreign Minister Hector Timerman met with the relatives of victims of the Buenos Aires 1994 AMIA Jewish center bombing to update them on negotiations with Iran. The update came three months after Timerman's first public meeting with his Iranian counterpart.

Thursday, December 27th 2012 - 05:31 UTC

Unasur observers will attend Paraguay election scheduled for next April

Salomon Lerner visited Paraguay on a fact finding mission last November

Representatives from Unasur confirmed that they will be present to follow the April 2013 general elections in Paraguay, reported the spokesperson for the country’s Superior Electoral Justice Tribunal, TSJE.

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