Brazil's oil and gas corporation Petrobras announced this week the sale of ethanol and petrochemicals assets for US$587 million, but said it would still fall US$1.5 billion short of its divestment target for the 2015-2016 period.
A fresh legal challenge to triggering Brexit could be launched unless UK Prime Minister Theresa May allows the House of Lords to vote on the issue. Businesswoman Gina Miller, who helped bring the action which saw the High Court insist the Commons must vote on invoking Article 50, has said the upper House of Parliament also needs a “proper debate”.
Venezuelan President Nicolas Maduro says his government will extend the use of 100-bolivar notes to January 20, after a plan to withdraw those bills from the economy sparked protests across the country and widespread looting.
Argentina's beef exports totaled 193,000 tons between January and October, up 10% from the same period last year, the government said, a year after it rescinded export taxes and restrictions.
Brazil's unemployment rate from September to November reached a record high of 11.9%, the country's statistics agency IBGE said. This new rate is a significant year-on-year hike over the same period in 2015, when it stood at 9%.
After months of bailing out Brazil's most iconic city and state, Rio de Janeiro will not be getting their debts renegotiated anytime soon. Brazil president Michel Temer said he will veto plans to renegotiate loans with Rio, Minas Gerais and Rio Grande do Sul states. All three states are economic powers of Brazil and have fallen on hard times over the last three years.
The Brazilian government has not pressured state-run banks to free up credit and reduce their spread, but interest rates are likely to fall as the central bank's benchmark Selic rate continues to drop, state-controlled Banco do Brasil Chief Executive Officer Paulo Rogerio Caffarelli said.
According to the Swiss Public Prosecutor, Odebrecht regularly paid Brazilian politicians and political parties from secret accounts in Geneva. For every US$1 million that the company paid out to politicians, it earned back US$4 million in contracts.
The Federal Criminal Court of Appeals Thursday ordered the reopening of the case filed by former AMIA Special Prosecutor Alberto Nisman four days before he was found dead against then Argentine President Cristina Fernández de Kirchner for the alleged cover-up of the Iranian nationals suspected of being behind the AMIA bombing in July, 1994.
The new figures leave President Nicolas Maduro's country behind only El Salvador. Honduras comes in third but way behind the front runners. The Venezuelan Observatory on Violence (OVV) NGO announced that 28,479 killings over the course of the year is tantamount to 91.8 such deaths per 100,000 inhabitants.