Anticipating what could be policy under a second government of President Dilma Rousseff, her Trade Minister Mauro Borges told Brazilian daily Folha do Sao Paulo that opening the country to more foreign trade would be a “disaster for Brazilian industry” and lead to the “mexicanization” of the economy, in reference to the light assembly factories known as “maquiladoras” that dominate Mexico’s non-oil exports.
Argentina’s government released some hopeful economic statistics last week with numbers showing that the economy climbed out of recession in the last quarter. But with skepticism over the numbers, combined with a free-falling peso, in light of Argentina’s debt dispute with holdout creditors, economists still have a grim outlook the Mercosur member economy.
The far-right National Front won its first ever seats in France's upper house of parliament, as President Francois Hollande's Socialist party lost its Senate majority. The left still controls the lower house, which is the dominant legislative body in France, but Sunday's ballot underlined the unpopularity of the president and the continued rise of the anti-immigration, anti-Euro National Front.
A lawmaker from Britain’s ruling Conservative party defected to the anti-EU United Kingdom Independence Party (UKIP), dealing a blow to Prime Minister David Cameron on the eve of his party’s annual conference.
Catalonia's president on Saturday formally called a referendum to decide whether Spain's richest region should be independent, defying Madrid which vowed to block the move. Shortly after Artur Mas set the vote for November 9, the Spanish government said the referendum would not take place because it was unconstitutional.
The Chilean community in the Falkland Islands celebrated their country’s independence day on Thursday 18 September with a reception hosted by H E the Governor Colin Roberts at Government House, and a party at the Narrows Bar.
Sepp Blatter says a report into allegations of corruption in the 2018 and 2022 World Cup bidding contests will not be made public. During a press conference wrapping up a two-day executive meeting, the FIFA president said that the report by the federation’s chief investigator Michael Garcia will not be published.
From a lack of toilet paper that caused a stink, to a dearth of staple food items that left shoppers sucking salt, the Venezuelan people have been reeling under the blows of almost constant shortages for well over a year.
Argentina's Economy minister Axel Kicillof lashed out at US Judge Thomas Griesa after he authorized Citibank a one-off payment of Argentine bonds' coupon next Tuesday saying he once again failed to address the heart of the issue and also in fact recognized that bonds under Argentine law do not belong to his jurisdiction.
US District Judge Thomas Griesa has enabled Citibank to process a one-off payment on US dollar-denominated bonds issued under Argentine law, during a hearing held at Manhattan federal court on Friday.