Friday, March 20th 2015 - 07:19 UTC

Brazil's Real drops to lowest since April 2003; loss of 17% against the dollar this year

The political stalemate situation with congress and the Petrobras corruption scandal is eroding confidence in the Brazilian currency

No end to Brazil's economic woes: the Brazilian currency depreciated 2.7% on Thursday, at 3.30 Reales to the US dollar, its worst performance since April 2003. With this loss of ground the Real cut short a three day recovery, because since last Monday it had been climbing against the greenback.

Friday, March 20th 2015 - 07:12 UTC

Names of Argentines with HSBC offshore accounts in Switzerland to be made public

Feletti said the names of the account holders will be made public and so will the possibility of an HSBC  pre-arranged 'modus operandi' to aid capital flight.

Argentina will move forward with its investigation of the HSBC offshore accounts in Switzerland, and will make public the names of those Argentine citizens and organizations that held money overseas in the financial entity, allegedly with the purpose of eluding local taxes.

Friday, March 20th 2015 - 07:05 UTC

Ten people killed as small chartered plane crashes few minutes after takeoff in Uruguay

 The “Beechcraft C 90” model was registered in Argentina under the ID “LV-CEO”, belonged to Aviajet, and was carrying 8 passengers and 2 pilots

Ten people have been reported dead when a small chartered airplane with Argentine plates crashed Thursday night after taking off at the Laguna del Sauce airport, near the Uruguayan resort of Punta del Este. Rescue teams and fire personnel confirmed at least seven charred bodies.

Thursday, March 19th 2015 - 08:33 UTC

Almagro pledges an end to OAS fragmentation and a hemisphere without exclusions

Almagro received broad support from OAS member countries, which cast 33 votes in favor and one abstention, to elect him as successor of Insulza.

Uruguay's former Foreign minister Luis Almagro was elected on Wednesday by the member states of the Organization of American States (OAS) as Secretary General for the next five years, during the XLIX Special General Assembly held at the OAS headquarters in Washington DC.

Thursday, March 19th 2015 - 08:27 UTC

Belize representative elected OAS Assistant Secretary General

Ambassador Mendez will succeed Assistant Secretary General Albert Ramdin on July 12. He has also served as ambassador before the US government

The General Assembly of the Organization of American States (OAS) elected on Wednesday the Permanent Representative of Belize, Ambassador Nestor Mendez, as the next Assistant Secretary General of the hemispheric institution.

Thursday, March 19th 2015 - 08:07 UTC

Conservationists praise UK for creating largest marine reserve around Pitcairn islands

Chancellor of the Exchequer, Osborne, announced in the Budget that the government intends to proceed with designation of a MPA around Pitcairn”.

Leading conservation groups, scientists and residents of Pitcairn Island congratulated the UK Government on its decision to create the world’s largest marine reserve around the Pitcairn Islands, a UK Overseas Territory in the South Pacific.

Thursday, March 19th 2015 - 08:01 UTC

Argentina asks Citigroup how it will react to Judge Griesa' decision

“There were comments about removing their license to operate in Argentina, because that’s what Citibank told Griesa,” Minister Kicillof stated.

Argentine Economy Minister Axel Kicillof has revealed the government sent a letter to Citigroup asking how the bank will react, after New York district judge Thomas Griesa decided not to kill an injunction that blocked Citi from processing interest payments on 2.3 billion dollars of Argentina bonds, under Argentine law.

Thursday, March 19th 2015 - 07:55 UTC

Fed no longer 'patient' about rates, but drops April and targets June

Since last December, Yellen and the Fed have been saying that they “can be patient” in the timing of when rates are raised.

The U.S. Federal Reserve says it can no longer remain “patient” about changing rates, an indication that interest rate hikes could begin this spring. But in a news conference, Fed chair Janet Yellen said the central bank has not settled on the timing of the rate hike.

Thursday, March 19th 2015 - 07:42 UTC

Brazilian opposition insists Supreme Court must investigate Rousseff

Two weeks ago the Supreme Court ruled out investigations against Rousseff arguing she can only be charged for actions carried out during her presidency.

Brazil's opposition has announced that it will ask the Supreme Federal Court to investigate President Dilma Rousseff for the Petrobras corruption scandal in which her party's treasurer Joao Vacari is also implicated.

Thursday, March 19th 2015 - 07:32 UTC

Rousseff unveils anti corruption measures, but her approval has fallen to 13%

“We are a government that does not tolerate corruption and we have the duty and obligation to fight impunity and corruption” said Rousseff.

Brazil's Dilma Rousseff tried to get ahead of the storm of scandal bearing down on her presidency on Wednesday, unveiling a raft of anti-corruption measures she hopes will appease her critics.


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