A US appeals court said on Friday it would leave a freeze in place on an order requiring Argentina to pay 1.33 billion dollars to bondholders suing for full face repayment in the wake of the country’s 2002 default.
Germany and Brazil circulated a draft resolution to a U.N. General Assembly committee on Friday that calls for an end to excessive electronic surveillance, data collection and other gross invasions of privacy. The draft resolution does not name any specific countries, although U.N. diplomats said it was clearly aimed at the United States, which has been embarrassed by revelations of a massive international surveillance program from a former US contractor.
Former Paraguayan president Nicanor Duarte Frutos is scheduled to arrive this week in Buenos Aires where he will be taking the post of ambassador in Argentina one of the most politically important for the land-locked country.
A locally owned and managed credit union, “run by the people that it serves” that would provide savings, credit and other financial services to its members, is the subject of a newly released suitability study by the Falkland Islands Development Corporation (FIDC) and was discussed at public consultation meetings at the Chamber of Commerce and the Goose Green Social Club this week.
Brazil posted a primary budget deficit of 9.048 billion Reais (4.1 billion dollars) in September, its biggest in nearly five years and the government reacted announcing a plan of cuts fearing an impact from credit rating agencies.
Latin America will need 2 trillion dollars investment in the energy sector during the coming twenty years to sustain its development growth, according to a conference on Energy: a vision of the challenges and opportunities in Latin-American and the Caribbean sponsored by Latam Development Bank, CAF.
Just a few year ago, flashy Brazilian billionaire Eike Batista was bragging that he would soon overpass Carlos Slim as the world's richest man. He even liked to show visitors his Mercedes-Benz McLaren parked right in the living room of his mansion. But his fall has been deep and fast.
VirtualTourist announced that after more than five million worldwide votes, Turismo Chile's entry of Torres del Paine National Park has been named the 8th Wonder of the World.
Uruguay President José “Pepe” Mujica questioned Argentina’s recent decision to stop freight transfers at ports belonging to Mercosur countries Buenos Aires has no maritime agreements with. Mujica blasted an “insular” position that “shatters” regional integration.
The unemployment rate in the 17-nation Euro-zone remained at a record high of 12.2% in September as the bloc’s recent recovery failed to generate new jobs, official data shows. The number rose by 60,000 to 19.45 million, while the jobless rate for those aged under 25 edged up to 24.1% from 24% in August, according to Eurostat, the European Union’s statistics agency.