Brazil's economy will contract 0.5% in 2015 and inflation will climb to 7.9%, ending the year far outside the tolerance range, the Central Bank admitted on Thursday in its latest quarterly inflation report.
Brazilian engineering firm Galvao Engenharia said on Wednesday it filed for bankruptcy protection, as state-run oil company Petrobras cut off payments due to a broad corruption scandal in which it had been implicated.
Uruguay's oil and gas Government owned company, ANCAP, will join senior level delegation from international oil and gas operators on 11-12 June 2015 in Montevideo to analyze the potential of a region that has experienced significant advances since 2009.
United Kingdom Unite boss Len McCluskey gave ‘the fullest of assurances’ that he would influence a future Labor government in Britain to respect the wishes of the people of Gibraltar in any dealings with Spain.
Argentina 'never had in consideration' the possibility of purchasing fighter aircraft from Russia, such as the Sukhoi Su-24, to replace the aging French Mirages to be decommissioned by the end of the year, said Defense minister Agustín Rossi.
Mercosur is being left out of the main global trade flows since it only belongs to 1% of free trade treaties or tariff preference agreements, which actually represent half of world trade, said Uruguay's foreign minister Rodolfo Nin Novoa during a conference on Education and regional integration.
Jeremy Clarkson's contract will not be renewed after an unprovoked physical attack on a Top Gear producer, the BBC's director general has confirmed. Tony Hall said he had not taken this decision lightly and recognized it would divide opinion, but he emphasized that a line has been crossed and he cannot condone what has happened on this occasion.
Argentina's Foreign Minister Hector Timerman has rejected the cover-up accusations made by Alberto Nisman before the AMIA special prosecutor was found dead in his Buenos Aires City apartment more than two months ago under unclear circumstances.
Argentina's Economy Minister Axel Kicillof said on Wednesday a deal between Citigroup Inc and U.S. judge Thomas Griesa allowing the banking giant to process two Argentine debt payments violated the country's laws.
Brazil's central bank announced on Tuesday it will not extend its currency intervention program past March 31 as a combination of political problems at home and fears of higher U.S. interest rates push the Real near its lowest levels in a decade. The bank will, however, roll over all swaps expiring after May 1.