The corruption scheme in Brazil's leading corporation Petrobras could exceed 28 billion dollars, making it the largest corruption scandal that the country has ever seen. The development was reported through an interview by Reuters of Brazilian police officer, Erika Marena, investigating the corruption probe.
California is overtaking Brazil as the world’s seventh-largest economy, bolstered by rising employment, home values and personal and corporate income, a year after the US most-populous state surpassed Russia and Italy.
Argentina's government called a leading prosecutor a 'despicable liar' on Thursday for accusing President Cristina Fernandez of secretly negotiating with Iran to avoid punishing those responsible for the country's worst terrorist attack, and insisted the whole thing was a 'media show'.
Argentina's AMIA special prosecutor Alberto Nisman confirmed his complaint against President Cristina Fernandez and several other officials over an alleged “criminal deal of impunity” with Iran and explained the role of every one of those he accused for “covering up” Teheran’s involvement in the attack against the Jewish centre in 1994 in Buenos Aires.
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.
Pope Francis, speaking of last week's deadly attacks by Islamist militants in Paris, has defended freedom of expression, but said it was wrong to provoke others by insulting their religion and that one could expect a reaction to such abuse.
The Swiss franc soared as much as 30% in chaotic trade after the central bank abandoned the cap on the currency's value against the Euro. The Swiss National Bank (SNB) said the cap, introduced in September 2011, was no longer justified. It also cut a key interest rate from -0.25% to -0.75%, raising the amount investors pay to hold Swiss deposits.
The World Trade Organization on Thursday rejected Argentina’s bid to overturn a ruling in favour of the United States, the European Union and Japan against the Buenos Aires licensing rules used to restrict imports.
By David Cameron and Barack Obama - Two hundred years ago this month, Britain and the United States fought each other at the Battle of New Orleans. It was the last major battle where our nations met as enemies. In modern times, our special relationship as allies and partners has been the firm foundation of our shared security and prosperity.
Chile's Senate has voted to end a dictatorship-era electoral system that has squeezed out independent candidates and guaranteed an outsized presence in Congress for the centre-right and conservative blocs.