Court ruling and economy contraction push Argentine inflation down in August

“As part of the prices surveyed to measure the inflation rate, Indec will start using the cheaper natural gas rates instead of the new tariff scheme” said Jorge Todesca.“As part of the prices surveyed to measure the inflation rate, Indec will start using the cheaper natural gas rates instead of the new tariff scheme” said Jorge Todesca.

Inflation in Argentina during the current month of August could drop to 0.7% because of the Supreme Court’s decision to strike down the hikes in natural gas prices for residential users, according to the official stats office Indec. Similar stats also indicate a strong contraction of the Argentine economy.

Eight Paraguayan soldiers executed by rural guerrillas following an attack on a patrol

The truck which was attacked with explosives planted in a rural country road The truck which was attacked with explosives planted in a rural country road

Eight Paraguayan soldiers died on Saturday in a rural roadside explosion, followed by execution of survivors, 500 kilometers north of the capital Asunción, the government said, blaming it on a criminal group which identifies itself as the EPP, acronym for Paraguayan People's Army.

Rousseff takes the stand on Monday, following the round of defense witnesses

Tension is building ahead of Monday when Rousseff, from the leftist Workers' Party, will take the stand for the first time and face her accusers.Tension is building ahead of Monday when Rousseff, from the leftist Workers' Party, will take the stand for the first time and face her accusers.

Suspended Brazilian president Dilma Rousseff's former economy minister testified Saturday that Rousseff did not break any laws justifying impeachment, as her trial closed in on next week's climax. Rousseff is accused of taking illegal state loans to help bridge budget shortfalls and mask the true state of the economy during her 2014 re...

Mercosur founding members confident of a solution to the Venezuela situation

Gauto said a meeting was scheduled and “the sooner the better”. Next October Mercosur and EU are scheduled to hold a new round of talks on a trade agreement. Gauto said a meeting was scheduled and “the sooner the better”. Next October Mercosur and EU are scheduled to hold a new round of talks on a trade agreement.

The foreign ministers of Mercosur founding members will adopt a common position regarding the current disarray of the group following on Venezuela's unilateral attitudes said Paraguayan economic affairs and integration deputy minister Rigoberto Gauto.

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