Latin AmericaLatin America
Brazil suspended speaker of Brazil's lower house of Congress resigned from his post on Thursday, saying the move was aimed at bringing stability to that legislative chamber. Eduardo Cunha still retains his seat in the Chamber of Deputies, although he could lose it as part of an internal legislative process.
Former Argentine President Cristina Fernandez on Wednesday filed a complaint against the judge who recently opened an investigation into allegations she defrauded the state as part of her government's handling of the dollar futures market. Fernandez, who governed Argentina from 2007 to 2015, filed the complaint against judge Claudio Bonadio after appearing in his court in connection with the case.
With just a month to go to the Olympic Games, Michel Temer Brazil’s interim president, invites the world to experience the beauty of Rio de Janeiro. The following is his welcome message to the world’s athletes, officials and fans:
ExxonMobil and its partner Hess Corp. have announced that the major discovery off the coast of Guyana, in the north of South America and bordering with Venezuela, is a discovery that is much larger than previously expected.
The presidents of Chile, Colombia, Mexico and Peru, the four member states of the Pacific Alliance, met on Thursday in the Chilean town of Puerto Varas to strengthen their economic integration in order to deal with the ravages of global finance. They also called for closer links with the European Union to bolster education for development.
Brazilian interim president Michel Temer will be absent from the next Mercosur summit scheduled to take place in Montevideo, and this decision is considered a strong message to the Venezuelan government of president Nicolas Maduro that will be taking the group's chair for the next six months.
Brazil's recession greater risk than Brexit for Argentina: could chip 1.5 percentage points from GDP
Argentina’s annual rate of inflation was likely to have reached an annualized 42% through May, but should begin to slow in June with a return to growth also on the horizon, Finance Minister Alfonso Prat-Gay said in an address to investors in New York. The minister also said that for Argentina, Brazil's recession had a greater impact than Brexit.
Panama opened the long-delayed US$5.4 billion expansion of its shipping canal amid cheering crowds on Sunday, despite looming economic uncertainty in the shipping industry and a heated battle over billions in cost overruns.
United Nations Secretary General Ban Ki-moon attended in Cuba the signing of a bilateral ceasefire agreement and laying down of weapons between the Government of Colombia and the Revolutionary Armed Forces of Colombia-People’s Army (FARC-EP) and described the historic event as an exemplary implementation of peace.
An agreement aimed at ending more than five decades of conflict between the Colombian government and the FARC guerrilla group was signed in Havana on Thursday at a ceremony presided over by Cuban head of state Raul Castro.