Stories for July 2013

Wednesday, July 10th 2013 - 05:50 UTC
NYSE takes control of LIBOR setting, following collusion from leading banks

The owner of the New York Stock Exchange is set to take control of a key scandal-hit bank interest rate. NYSE Euronext has won the contract for setting the London Inter-bank Offered Rate (Libor), a government-backed committee announced. Libor is used to set trillions of dollars of financial contracts.
Wednesday, July 10th 2013 - 05:45 UTC
Brazil decides exhumation of ex-president Goulart, believed to have been poisoned by the military regime

Brazilian authorities decided the exhumation of former president Joao Goulart remains to determine whether he was poisoned as part of the Plan Condor implemented by the Southern Cone military regimes to eliminate opponents during the seventies and eighties.
Wednesday, July 10th 2013 - 05:42 UTC
Chile inflation spikes in June but ends in the first half year at 1.9%

Chile's consumer inflation was up 0.6% in June, the biggest increase in eight months and slightly above expectations as costs jumped for accommodation, electricity, fuel products and water, the government said on its latest stats report.
Wednesday, July 10th 2013 - 05:39 UTC
IMF anticipates slower growth for Chile’s export dependent economy

Growth in Chile's export-dependent economy will slow to 4.6% this year due to softer copper prices, investment and domestic demand, the IMF said in a report posted on the central bank's website earlier this week. In April, the IMF projected the economy of the world's leading copper producer would expand by 4.9% in 2013.
Wednesday, July 10th 2013 - 00:59 UTC
Argentina plays down latest ruling from NY Appeals Court on investment funds’ litigation

The order handed down on Tuesday by the Appeals Court of New York's Second Cirtcuit “does not affect the appeal” that the Argentine government is pursuing in the case against the investment funds (‘vulture funds’), according to the Argentine Economy Ministry.
Tuesday, July 9th 2013 - 06:39 UTC
Main organized labour leader calls on workers not to vote for CFK next October

The powerful organized labour leader and former ally of the government Hugo Moyano, called on workers to vote against the administration of President Cristina Fernandez (CFK) and her candidates in the coming mid term elections of next October, during a political rally in the iconic Plaza de Mayo, downtown Buenos Aires
Tuesday, July 9th 2013 - 06:34 UTC
Strong letter to Cristina Fernandez for blocking AMIA case prosecutor from testifying before US congress

The United States Congress sent a strong letter to Argentine president Cristina Fernandez expressing ‘disappointment’ and ‘deep concern’ over the government’s decision to deny General Prosecutor of the AMIA Case, Alberto Nisman, the opportunity to testify before the House Committee on Homeland Security’.
Tuesday, July 9th 2013 - 06:30 UTC
Venezuela confirms Snowden asylum application: he has to decide when

Venezuelan President Nicolas Maduro said his government has received an asylum application from US intelligence leaker Edward Snowden and the fugitive must now decide if he wants to fly to Caracas.
Tuesday, July 9th 2013 - 06:26 UTC
Bolivia wants EU ambassadors to reveal who said Snowden was aboard Morales plane

Bolivia demanded France, Portugal, Spain and Italy reveal who told them that former US spy agency contractor Edward Snowden was aboard President Evo Morales' flight from Moscow last week.
Tuesday, July 9th 2013 - 06:23 UTC
State Department confirms dialogue with Brazil on the alleged intelligence activity

The US State Department spokesperson during the daily briefing declined to comment on the alleged intelligence activity in Brazil but admitted dialogue with the Brazilians through normal diplomatic channels, but those conversations ‘of course we would keep private’.