Consumer prices rose 1.4% in Argentina in August, government statistics agency Indec announced, bringing eight-month inflation to 15.4%. The central bank is targeting national inflation between 12 and 17% for 2017, well below economists' expectations of 22%.
Paris and Los Angeles celebrated their coronation as host cities for the 2024 and 2028 Olympics here on Wednesday, delivering a jolt of good news for the International Olympic Committee as it battles escalating corruption allegations. In a drama-free conclusion to a three-year bidding race, IOC members voted unanimously to rubber-stamp a deal hashed out in July for Paris to be given 2024 and Los Angeles 2028.
Britain will soon regret voting for Brexit, but the European Union will move on, the European Commission president has insisted. In a speech setting out the future direction of the bloc, Jean-Claude Juncker said the UK’s exit would be a “sad and tragic” moment, but it was “not the be all and end all”.
Spain’s top prosecutor is investigating more than 700 Catalan mayors for cooperating with a planned referendum on the region’s independence after the nation’s constitutional court ordered the vote put on hold. Catalonia’s regional police force is under orders to arrest the mayors if they refuse to appear for questioning, State Prosecutor Jose Manuel Maza’s office said.
The Falkland Islands Department of Mineral Resources is carrying out a public consultation on a range of proposed legislative measures applying to the offshore oil and gas industry.
Former President Lula da Silva told a Brazilian court on Wednesday that the corruption charges against him stem from a witch hunt and questioned the impartiality of the judge. Lula's deposition in Curitiba was the second time he faced off with Judge Sergio Moro, who oversees Brazil's sprawling investigation into bribes to politicians in return for favors to companies.
Brazil’s federal police detained the CEO of JBS SA, the world’s No 1 meatpacker, saying he used insider information to avoid hefty losses related to a plea bargain signed earlier this year. Wesley Batista, who has been at the helm of JBS since 2011, was detained under an arrest warrant against him and his younger brother Joesley Batista for suspected insider trading.
British Petroleum has agreed with Argentina's Bridas Corporation to form a new integrated energy company by combining their interests in the oil and gas producer Pan American Energy and the refiner and marketer Axion Energy in a cash-free transaction. The new company, Pan American Energy Group, will be the largest privately-owned integrated energy company operating in Argentina.
Israeli Prime Minister Benjamin Netanyahu and Colombian President Juan Manuel Santos are pledging to strengthen ties in areas like science, security and tourism as Colombia transitions into a post-conflict era. Netanyahu arrived in Bogota on Wednesday for the second-leg of his trip as the first Israeli prime minister to visit Latin America.
Conservative presidential candidate Sebastian Piñera is maintaining a wide lead in the polls ahead of Chile's November election, though the race to challenge him in a potential runoff is tight, according to a monthly survey. Piñera, who was president of Chile between 2010 and 2014, captured 34% of voter intentions in the survey by GfK Adimark, up from 32% last month.