Current Edition

Current Edition
Tuesday, July 29th 2014 - 05:17 UTC

Peru announces increase in government spending to prop the economy

“We have to grow more, to continue generating wealth and jobs,” Humala said in a speech to the nation that marked Peru's Independence Day

Peru's President Ollanta Humala said on Monday that his government is countering slow economic growth by boosting public spending on improved wages and better benefits for public health, education and security workers.

Tuesday, July 29th 2014 - 05:13 UTC

Dollar in Argentina climbs to 13 Pesos and the stock market drops 1%

As 30 July deadline approaches many investors are seeking refuge with the US dollar

The “blue” dollar on Monday spiked 40 cents, to 13 Argentine pesos, amid growing uncertainty over the negotiations between Argentina and its holdout creditors in New York, as the July 30 deadline set by US Judge Thomas Griesa approaches.

Monday, July 28th 2014 - 20:21 UTC

First woman commander of a Royal Navy warship removed for alleged breach of social conduct code

The Type 23 frigate HMS Portland during her deployment called at the Falklands and South Georgia

The first female commander of a major Royal Navy warship is understood to have left her vessel after allegations of an affair with one of her officers. Cdr Sarah West, 42, was coming to the end of a seven-month deployment in the Atlantic on board the Type 23 frigate HMS Portland.

Monday, July 28th 2014 - 08:09 UTC

Strong speech from Cristina Fernandez expected at Mercosur summit in Caracas

The Mercosur summit takes place on Tuesday and as of Wednesday Argentina might be declared in technical default

Argentine President Cristina Fernandez will attend this Tuesday the leaders' summit of Mercosur in Caracas, Venezuela. The president will travel to Caracas in order to participate in a congress originally scheduled for December 17, but which suffered several postponements.

Monday, July 28th 2014 - 07:56 UTC

Argentine farmers and government again clash over the 'preyed-upon decade”

Luis Etchevehere, head of the powerful farmers' SRA accused the government of President Cristina Fernandez of being “ignorant and arrogant”.

Argentine Agriculture Minister Carlos Casamiquela and Federal Planning chief Julio De Vido rebuffed the criticism of the head of the Argentine Rural Society (SRA), Luis Etchevehere, who at the opening of the Palermo livestock show accused the government of President Cristina Fernandez of being “ignorant and arrogant”.

Monday, July 28th 2014 - 07:52 UTC

The New York Times calls for legalizing marihuana: “Repeal prohibition again”

The New York Times called for the legalization of marijuana, in a bold editorial comparing the federal ban on cannabis to Prohibition. The prestigious publication said pot laws disproportionately impact young black men and that addiction and dependence are “relatively minor problems” -- especially when compared with alcohol and tobacco.

Monday, July 28th 2014 - 07:43 UTC

Brazilian Jewish community apologizes to President Rousseff's administration

Israel's Foreign ministry Yigal Palmor called Brazil a 'diplomatic dwarf” and politically irrelevant

Brazil’s Jewish community apologized to the administration of Brazilian President Dilma Rousseff for statements by the spokesman of Israel’s foreign ministry after Brazil recalled its envoy over the Gaza conflict.

Monday, July 28th 2014 - 07:34 UTC

Three top banks accused by investor of trying to rig silver prices

Earlier this year, Barclays Bank was fined 44m dollars by UK regulators after one of its traders was discovered attempting to fix the price of gold.

Deutsche Bank, HSBC and Bank of Nova Scotia have been accused of attempting to rig the price of silver, in a lawsuit filed in the US. The plaintiff alleges the banks, which set the price of silver each day, abused their position in the market.

Monday, July 28th 2014 - 07:30 UTC

Cash-short Venezuela considering the sale of its US downstream subsidiary

Citgo includes thousands of gasoline stations plus several refineries and storage facilities

Venezuela's state-run oil company Petroleos de Venezuela SA (PDVSA) is considering offers to sell its U.S. downstream subsidiary Citgo, industry research group Argus Media reported on its website last Friday.

Monday, July 28th 2014 - 07:11 UTC

Dutch government releases former Venezuelan general retained on DEA request

Dutch government releases former Venezuelan general retained on DEA request

The Dutch government released a former Venezuelan general who was detained on US drug charges when he arrived in Aruba to serve as his country's consul on the Dutch Caribbean island, sending him home Sunday night and defusing a diplomatic fight with its neighbor.

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