No end to Venezuelan president Nicolas Maduro oral bloopers. In campaign for the municipal elections of 8 December and in the midst of an economic war on big business of which it accuses of promoting inflation and destabilizing his government, a self confession or sincericide (a blend of sincerity and suicide) became the delight of social networks ant twitters.
FTSE 250-listed energy explorer Premier Oil with strong interests in the Falkland Islands oil industry, launched this week a new bond, as it looks to diversify its debt away from banks.
Argentine president Cristina Fernandez definitively abandoned strict mourning on Tuesday wearing a white blouse and black trousers in her first interview with foreign business people since her return to the job after 45 days of medical leave because of cranium surgery and cardio-vascular exams.
Brazilian state-run oil firm Petrobras fell to its lowest level in more than a year on Tuesday, pushing the country's stock market to a near three-month low on concerns the government may delay a new pricing policy that could stem losses in the firm's refining division.
Brazilian Finance Minister Guido Mantega said on Tuesday the government will remove some subsidies and delay tax breaks to keep the country's fiscal policy sound. Likewise the state development bank, BNDES, will stop funding lines for regional government next year.
Argentina's Merval benchmark stock index climbed 3% on Tuesday to finish at a record high of 5,696.2 points, following a strong hike in YPF and Edenor stocks. YPF shares soared 11%, while electricity distributor Edenor saw prices close 19% up at the end of trading.
By R Viswanathan (*) The Leftist coalition candidate Michelle Bachelet won 47% of the votes in the presidential elections held on 17 November while her rightist rival Evelyn Matthei got just 25% votes.
Current events in Gibraltar and the continued incursions by Spanish vessels in the Rock's territorial waters were addressed in a strong piece in the Daily Telegraph by the former head of the Royal Navy, Lord Admiral West. This follows calls from British MPs last week for pressure to be brought on Spain within the context of NATO.
Spain’s Minister for Agriculture, Food and the Environment, Miguel Arias Cañete, said Spain would take the UK to the European Court of Justice if the European Commission failed to take action over reclamation works in Gibraltar waters.
The United States, European Union and UK ambassadors in Asuncion openly expressed their support for Paraguay prosecutors that have been threatened by members of Congress because they insist in investigating lawmakers that are allegedly involved in corruption cases.