Brazil's government is considering proposals to open operatorship of its pre-salt projects to companies other than state-run Petrobras and this change might be made, Mayer Brown partner Alexandre R. Chequer told the law's firm's annual energy conference in Houston last week.
Analysts forecast Brazil's central bank will leave its benchmark interest rate unchanged at 11% this week, with the world's seventh-largest economy caught between rising inflation and sluggish growth. But given the persistence of inflation it should not come as a surprise if the monetary policy committee raises Selic to 11.25% after its two-day meeting this week.
Irish deputy prime minister Eamon Gilmore said on Monday he will quit as leader of the junior government Labor party, in a move that could destabilize the coalition and its austerity program following a major election setback.
As the United States Federal Reserve debates the timing of its first interest rate hike since 2006, International Monetary Fund (IMF) Managing Director Christine Lagarde is urging central banks to cooperate on policy moves.
Spain’s Socialist opposition leader Alfredo Perez Rubalcaba has stepped down after his party suffered its worst election result on Sunday's ballot for the European Parliament. Socialists lost nine European parliament seats, while the the ruling conservative People’s Party lost eight.
Brazil's World Cup squad were forced to avoid a group of 200 striking teachers on Monday as they headed for their tournament base camp against a backdrop of public anger over the cost of staging the event.
University of North Carolina-Chapel Hill has fired the 70-year-old physics professor who was arrested in 2012 after flying to Argentina to meet the woman who he thought was a former Miss Bikini World and instead was arrested by drug agents after getting entangled in a scheme to smuggle two kilos of cocaine.
Argentina's Planning minister Julio De Vido guaranteed publicly on Monday that there will be no gas cuts next winter (21 June), while Energy Secretary Daniel Cameron described the situation as the best in the last four years.
Argentina's Economy Minister Axel Kicillof has assured that progress has been made with creditors in the Paris Club as the politician left Monday evening for France in preparation for talks with the financial institution over restructuring Argentina's debt, estimated in 9.5bn dollars.
Latin America has two open wounds, the Malvinas Islands and Bolivia's sovereign outlet to the Pacific, said Bolivian vice-president Alvaro Garcia Linera in Mendoza, Argentina where he was awarded an 'Honoris Causa” for his commitment to regional integration and inclusion.