Venezuela's Bolivar currency hit a record low 100 to the U.S. dollar on the black market on Friday, making the dollar 16 times more expensive than the strongest official rate, according to a website that tracks it.
Brazilian president Dilma Rousseff, seeking re-election next week, says she will pursue media regulation if she returns for a second term, seeking to boost pluralism without influencing editorial content, according to media reports.
Finland's UPM, one of the largest forestry groups in the world, does not intend for the moment to build any new pulp mills in Uruguay, said Jaakko Sarantola, vice president of the cellulose division of the company, who also pointed out that Uruguay needs to improve infrastructure to facilitate logistics.
Anticipating what could be policy under a second government of President Dilma Rousseff, her Trade Minister Mauro Borges told Brazilian daily Folha do Sao Paulo that opening the country to more foreign trade would be a “disaster for Brazilian industry” and lead to the “mexicanization” of the economy, in reference to the light assembly factories known as “maquiladoras” that dominate Mexico’s non-oil exports.
Argentina’s government released some hopeful economic statistics last week with numbers showing that the economy climbed out of recession in the last quarter. But with skepticism over the numbers, combined with a free-falling peso, in light of Argentina’s debt dispute with holdout creditors, economists still have a grim outlook the Mercosur member economy.
The far-right National Front won its first ever seats in France's upper house of parliament, as President Francois Hollande's Socialist party lost its Senate majority. The left still controls the lower house, which is the dominant legislative body in France, but Sunday's ballot underlined the unpopularity of the president and the continued rise of the anti-immigration, anti-Euro National Front.
A lawmaker from Britain’s ruling Conservative party defected to the anti-EU United Kingdom Independence Party (UKIP), dealing a blow to Prime Minister David Cameron on the eve of his party’s annual conference.
Catalonia's president on Saturday formally called a referendum to decide whether Spain's richest region should be independent, defying Madrid which vowed to block the move. Shortly after Artur Mas set the vote for November 9, the Spanish government said the referendum would not take place because it was unconstitutional.
The Chilean community in the Falkland Islands celebrated their country’s independence day on Thursday 18 September with a reception hosted by H E the Governor Colin Roberts at Government House, and a party at the Narrows Bar.
Sepp Blatter says a report into allegations of corruption in the 2018 and 2022 World Cup bidding contests will not be made public. During a press conference wrapping up a two-day executive meeting, the FIFA president said that the report by the federation’s chief investigator Michael Garcia will not be published.