Penguin News in its latest edition in a special section, A stroll down memory lane, remembers events of 34 years ago, that is August 1981. And in effect then as now, Argentina calls for more talks, yet again, over the sovereignty of the Falkland Islands and emphasizes impatience at the lack of actual progress made.
Brazil's central bank halted one of the world's boldest rate-hiking cycles on Wednesday, taking pressure off an economy struggling with recession even amid concerns that a looming budget crisis could stoke inflation.
Colombia on Monday was one vote short at the Organization of American States to summon a meeting of foreign ministers over the ongoing border crisis with Venezuela. Bogotá had requested the high-level meeting up as the country is seeking international support for an ongoing diplomatic crisis with its socialist neighbor.
The state-run China Daily has said that India's plans to conduct oil exploration off Vietnam coast in the South China Sea is illegal and is an unwise move that may sabotage” positive momentum in ties.
Brazil's industrial production plummeted in July and fell well below economists' worst predictions. Industry output sank 1.5% in July from June in seasonally adjusted terms and was down 8.9% from a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE, said Wednesday. The IBGE also revised June's drop to 0.9% from 0.3% from the previous month.
China has held a lavish parade in Beijing to mark the defeat of Japan in World War Two, showcasing its military might on an unprecedented scale. President Xi Jinping in his opening speech paid tribute to the Chinese people who unwaveringly fought hard and defeated aggression from Japan.
Argentina's Central Bank and the Argentine Banking Association (ABA) exchanged fierce criticism on Wednesday after the decision of the monetary authority to remove the licenses of two senior HSBC directors, who will be forced to leave their posts.
Guatemala's attorney general said on Wednesday she is confident embattled President Otto Perez will be convicted of corruption, as the country's top court rejected his challenge to prosecutors' moves to try him.
President Dilma Rousseff vowed on Wednesday to take new measures to reduce the deficit her administration is projecting for 2016, without ruling out more spending cuts and additional taxes in Brazil. The 2016 budget unveiled on Monday projected Brazil’s first-ever primary fiscal deficit, before payment of interest on the national debt, sparking controversy.
President Michel Temer asked business owners and executives for a “national alliance” to deal with Brazil's political crisis and shaky economic situation. Temer is leader of the centrist PMDB, the main governing partner of Rousseff's center-left Workers Party, PT.