Demanding better public services and angered by World Cup costs, about 100.000 people are expected at a protest Wednesday before Brazil plays Uruguay in the Confederations Cup semi-finals.
The Brazilian executive apparently has reached an understanding with the presidents of the Senate and the Lower House, Renan Calheiros and Henrique Eduardo Alves for a plebiscite with several questions referred to changes in electoral and party legislation, and eventually the Constitution relative to the political organization of South America’s largest country and powerhouse.
Argentina took on Tuesday its legal battle with holdout creditors to the US Supreme Court by appealing an adverse decision handed down by a lower US court in October of last year, according to Telam the official news agency from the Argentine government.
Mercosur partners’ sanctions on Paraguay rather benefited than hindered the country, said President Federico Franco during a press conference in which he underlined the country had become more reliable and this was supported by a three fold increase in foreign investments.
President elect Horacio Cartes revealed in Spain that Paraguay is claiming the pro-tempore chair of Mercosur, argued that Venezuela is an ‘illegitimate’ member of the trade group and said Paraguay is en route to becoming full member of the Pacific Alliance.
Chinese stocks touched a four-and-a-half-year low on Tuesday amid persistent concerns over the government's credit-tightening policy. The Shanghai Composite SSE index fell as much as 5.8% at one point, before a late rally meant it ended down 0.3%.
Spanish oil corporation Repsol's board is scheduled to consider on Wednesday a non-cash compensation offer from Argentina over the seizure of its majority stake in energy firm YPF, according to the Spanish government news agency EFE.
Paraguay's economy expanded 14.8% in the first quarter compared with the same period last year, driven mainly by farming, cattle-ranching and construction activity, the central bank said. GDP surged 8.8% in the first quarter versus the fourth quarter of 2012.
President Sebastian Piñera inaugurated Chile’s joint-largest wind farm at an official ceremony. The 90MW Talinay East facility is owned by Italy’s Enel Green Power and features 45 Vestas V100 2MW turbines in the country’s central Coquimbo region, 400 kilometres north of Santiago.
British Minister for Europe David Lidington strongly protested on Tuesday to Spanish Minister, Íñigo Mendez de Vigo, following an incident in British Gibraltar territorial waters, when allegedly shots were fired.