Politics

Politics
Monday, January 19th 2015 - 07:36 UTC

Argentine central bank confirms policy restricting access to foreign currency

Vanoli admitted it could be possible to eliminate restrictions in the short term but the aim is to find mechanisms to manage capital that are not so pro-cyclical”

Argentina will not end its controls restricting access to foreign currency in the near term, Central Bank President Alejandro Vanoli was quoted as saying in an interview published on Sunday in the government supported newspaper Pagina 12.

Monday, January 19th 2015 - 07:19 UTC

Obama wants tax increases on the wealthy to help middle class families

Details of his proposal should be known on Tuesday when Obama addresses for the first time a full Congress under Republican control

President Obama is to use Tuesday's State of the Union speech to call for tax increases on the wealthy to help the middle class, officials say. The proposals would raise 320 billion dollars over a decade, to fund benefits such as tax credits.

Monday, January 19th 2015 - 07:10 UTC

Brazil central bank expected to raise interest rates this week for third time running

The benchmark Selic could climb to 12.25%, next Wednesday, despite risks of a recession this year. That would be the highest rate since August 2011.

Brazil's central bank is expected to raise interest rates for a third straight meeting this week to quell any doubts about its commitment to ending years of high inflation.

Monday, January 19th 2015 - 06:45 UTC

Found dead prosecutor who denounced Argentina president for covering up Iran

“I can leave this dead” said Nisman at Clarín last Saturday

The body of AMIA special prosecutor Alberto Nisman was found in the bathroom of his apartment in the Buenos Aires City neighbourhood of Puerto Madero late on Sunday.

Monday, January 19th 2015 - 06:27 UTC

'D Day' for Argentine prosecutor who charged Cristina Fernandez with 'Iran cover up'

Nisman revealed that he will appear at the hearing summoned by opposition lawmaker Patricia Bullrich, who heads the Criminal Legislation Committee

Argentina's ruling coalition lawmakers will insist on Monday in Congress that special prosecutor Alberto Nisman lacks evidence to charge President Cristina Fernández and other administration officials with the cover-up of the AMIA Jewish community centre bombing that killed 85 people and injured 300 in 1994.

Monday, January 19th 2015 - 06:02 UTC

Rousseff 'dismayed' with Indonesia for execution of Brazilian; ambassador recalled

Archer, the first Brazilian to be executed in another country, was shot “at 3:31 p.m. Brazilian time, after spending a little more than 11 years behind bars”.

President Dilma Rousseff expressed Saturday her “dismay” and “indignation” after learning of the execution of Brazilian Marco Archer Cardoso Moreira in Indonesia and recalled her country's ambassador to Jakarta for consultations.

Saturday, January 17th 2015 - 09:20 UTC

Cristina Fernandez first twit reaction to 'Iran plot' claim; Nisman to Congress next week

“AMIA: once again, (there is) no justice nor truth,” President Cristina Fernández wrote in her Twitter account.

Argentine President Cristina Fernández made her first public statement since AMIA special prosecutor Alberto Nisman accused her of allegedly covering up Iran’s role in the 1994 attack that left 85 dead and 300 injured. Nisman is scheduled to visit congress next week invited by opposition lawmakers to reveal further details of the alleged plot.

Saturday, January 17th 2015 - 08:17 UTC

UK visa applications in Uruguay will be decided in Bogotá

The announcement becomes effective January 26

As of 26 January 2015, applications for visas for the United Kingdom made in Uruguay will be decided in Bogota. United Kingdom Visas and Immigration, which has the responsibility for issuing UK visas overseas, is introducing a change to its network as part of a broader change program.

Saturday, January 17th 2015 - 08:03 UTC

Argentina downplays WTO adverse ruling and considers possible negotiations with litigants

Capitanich considered “possible to establish bilateral negotiation criteria with the complaining countries, US, Japan and the EU, 'but in a context analysis'

The World Trade Organization (WTO) ruling against Argentina triggers “no immediate modification” of the country’s trade administration, Cabinet Chief Jorge Capitanich pointed out adding a “comprehensive and detailed analysis of the ruling’s terms” is needed.

Saturday, January 17th 2015 - 08:00 UTC

Petrobras CEO confirmed in the job by the Energy minister

“I believe she is the right person because she is competent, and few others know the Petrobras system,” said Braga, Brazil’s minister of mines and energy

Brazil’s energy minister this week threw his support behind the CEO of Petrobras, the embattled state-run oil company embroiled in a vast corruption scandal that has dominated national headlines. Maria das Graças Silva Foster will keep her job as CEO, the minister said, despite growing demands for her resignation.

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