Moody's Investors Service has downgraded the credit rating of Brazil's state-owned oil company Petrobras because of the widening kickback-corruption scandal affecting the country's largest corporation.The credit rating agency announced its decision late Thursday in a statement posted on its website.
Falklands/Malvinas: Celac summit, including Commonwealth members, support Argentina's 'legitimate' claims
The Celac summit held in Costa Rica and which brings together all Latin American and Caribbean countries released a declaration expressing full support for Argentina's 'legitimate' rights over the Falklands/Malvinas, recalls that 2015 marks the 50th anniversary of Resolution 2065 (first UN Assembly General resolution on the Falklands dispute) and again call on the goods offices of Ban Ki-moon to help start negotiations on the Argentina/UK dispute.
Brazil is ready to preserve the advances achieved by Mercosur but as long as the block does not turn into 'a burden' when it comes to negotiate trade agreements with third parties, according to Agriculture minister Katia Abreu.
Bilateral trade between Mercosur two main partners, Brazil and Argentina (first and third largest economies in Latin America) dropped 21.2% last year and with a 139 million dollars deficit for Argentina, according to the Argentine Commerce Chamber, CAC.
Victory Front pushes forward with two projects aimed at reshaping the scenario in view of next year's presidential campaign.
Full support also expressed for Venezuela against sanctions from the administration of United States President Barack Obama.
CFK says regional integration not a problem for worldwide integration, labels marketplace a euphemism as the decline in oil price conceals geopolitical interests of other countries
Evo Morales, Governor Urribarri play football - New Intelligence boss appointed.
The head of Brazil's National Petroleum Agency, Magda Chambriard said that the country's oil production projects remain 'robust' even as international prices for crude continue to tumble. She underlined that the pre-salt projects of Brazil along ist coast resist prices as low as 60 dollars a barrel.
Argentina’s ambassador to Uruguay Dante Dovena has praised the “commitment” and support of President Jose Mujica administration in the country’s sovereignty dispute against the UK as he readied to close he 2014 Malvinas Forum in the neighboring nation.