Friday, May 20th 2016 - 11:23 UTC

Six presidents asked to testify of ex president Menem's son death in 1995

Menem said he believes his son was killed by the Lebanon-based group Hezbollah, which prosecutors also suspect was behind two 1990s bombings in Buenos Aires.

An Argentine court on Wednesday asked six former presidents to testify in the investigation into the 1995 death of the son of ex-president Carlos Menem. The court requested the testimony of Fernando de la Rúa, Ramón Puerta, Adolfo Rodríguez Saá, Eduardo Camaño, Eduardo Duhalde and Cristina Fernández. All followed Menem as presidents after his 1989-1999 rule.

Friday, May 20th 2016 - 11:16 UTC

Brazil's economic interests will prevail over ideological goals, says new foreign minister

“Diplomacy will return to transparently and firmly reflecting the legitimate values of Brazilian society and the interests of its economy” underlined Serra

The foreign minister for Brazil's new government following the suspension of president Dilma Rousseff said that Brasilia will now pursue economic interests over ideological goals. Jose Serra, nominated by acting president Michel Temer in the wake of Rousseff's suspension for an impeachment trial, signaled that Brazil would no longer be part of the loose left/leaning alliance that exists across several Latin American countries.

Friday, May 20th 2016 - 11:05 UTC

Petrobras new CEO is a former energy minister and chief of staff

Parente served in a number of positions under President Cardoso. He was chief of staff from 1999 to 2003 and also minister of planning and of mines and energy.

Former Brazilian energy minister Pedro Parente has been named by acting President Michel Temer as the new CEO of state-run oil giant Petrobras. Parente was picked Thursday to replace Aldemir Bendine, an appointee of now suspended President Dilma Rousseff. The new Petrobras CEO was working as chairman of Sao Paulo-based financial bourse BM&FBovespa.

Friday, May 20th 2016 - 10:57 UTC

Temer promises to appoint women to the government “a little further ahead”

“I told Temer that in the decision-making table of the ministries it is necessary to have a woman,” said lawmaker Josi Nunes

Acting President Michel Temer promised on Thursday that he will at some point have women in his currently all white-male Cabinet. Federal lawmaker Josi Nunes told journalists in Brasilia that Temer pledged at a meeting with congresswomen that he would be bringing females into his government “a little further ahead.”

Friday, May 20th 2016 - 10:40 UTC

India planning to swap medicines for Venezuelan crude oil to recoup losses of drugs sector

India's drug-maker Hyderabad-based Dr. Reddy's Laboratories, said that it had to write off US$65 million related to losses in Venezuela in the fourth quarter.

Indian drug companies could recoup some of the financial losses incurred as Venezuela struggles to make foreign-currency payments and the value of its currency plummets--by participating in a barter plan that would swap medicines for crude oil.

Friday, May 20th 2016 - 10:17 UTC

Trump ahead of Hillary in new polls, but both candidates have record negatives

The real-estate tycoon leads the former secretary of state, 42%- 37%, in a general-election presidential match-up, according to a Rasmussen poll released Thursday.

Donald Trump has pulled ahead of Hillary Clinton in two new polls, as Republicans begin to coalesce around him while Bernie Sanders keeps hammering fellow Democrat Clinton. The real-estate tycoon leads the former secretary of state, 42% to 37%, in a general-election presidential match-up, according to a Rasmussen poll released Thursday.

Friday, May 20th 2016 - 10:05 UTC

Macri in the threshold of a major political storm over a possible veto of a labor bill

 The veto of the bill is expected to be announced by Macri on Friday morning at a poultry complex which has received government support to ensure jobs.

Argentine president Mauricio Macri is expected to veto a controversial labor bill which was approved early Thursday after a marathon session in the Lower House of Congress. The bill passed with 147 votes in favor, 3 votes against it and 88 abstentions includes the declaration of the employment emergency during 180 days and a double compensation in the event of layoffs, for a period of six months.

Friday, May 20th 2016 - 06:48 UTC

Argentina reassures China bilateral cooperation remains a priority for the Macri administration

After a meeting with her Chinese counterpart Wang Yi, Argentine Foreign Minister Susana Malcorra said investment projects with China would go ahead.

Argentina on Thursday sought to reassure China that bilateral cooperation remained a priority for its new government amid growing concerns over political changes in the South American country. After a meeting with her Chinese counterpart Wang Yi, Argentine Foreign Minister Susana Malcorra said investment projects with China would go ahead.

Thursday, May 19th 2016 - 12:07 UTC

Brazilian Justice gives Rousseff ten days to reply the claims of “a coup”

Justice Rosa Weber follows a presentation by a group of lawmakers from the current wide ranging coalition that supports acting president Temer

Brazils Supreme Tribunal (STF) Justice Rosa Weber has given suspended president Dilma Rousseff ten days to explain her repeated statements that the impeachment process started against her is a “coup”. Rousseff is not obliged to respond. The STF decision follows a request from a group of lawmakers via the House's prosecution office.

Thursday, May 19th 2016 - 11:57 UTC

Meirelles unveils a dark picture of Brazil's finances and insists of pensions reform

Meirelles said that he will have the final estimate of the primary deficit by Friday. On that date government has to issue a bimonthly report of state finances.

Brazil's fiscal deficit prior to debt interest payments could reach 150 billion Reais (US$42.10 billion) this year as revenues collapse amid a crippling recession economy, Finance Minister Henrique Meirelles warned on Wednesday. The deficit includes eventual losses from state electricity holding Eletrobras.


Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!