Stories for September 2015

Thursday, September 17th 2015 - 08:46 UTC
Embattled Rousseff argues countries are not defined by their credit ratings

Embattled and leaner Brazilian President Dilma Rousseff said on Wednesday that a country is not defined by its credit rating, downplaying Standard & Poor's decision to assign junk status to Latin American largest economy's sovereign debt.
Thursday, September 17th 2015 - 08:32 UTC
Appeals court hands victory to Argentina in bonds dispute; questions Judge Griesa's 'class' expansion

A United States federal appeals court handed Argentina a victory Wednesday in its quest to relieve itself of the pressures of debt owed to American hedge funds and others, saying a judge went too far by letting some bondholders demand payment without proving how much they are entitled to be paid.
Thursday, September 17th 2015 - 07:56 UTC
Major offshore earthquake hits Chile; felt in Argentina, Peru and Brazil

A major earthquake just offshore rattled Chileans, killing at least five people and shaking the earth so strongly the tremor was felt in Argentina, Peru, Bolivia, Paraguay and even Brazil. Authorities worked into the early hours on Thursday assessing damage in several coastal towns that saw flooding from small tsunami waves set off by the quake.
Wednesday, September 16th 2015 - 09:45 UTC
Rousseff's latest austerity measures, 'hard to pass' warn congress leaders

President Dilma Rousseff's latest austerity plan to rescue Brazil's sinking economy faced a cold reception Tuesday, with Congress raising questions over whether the measures will win approval. The speaker of the lower house of Congress and one of Rousseff's chief foes, Eduardo Cunha, dismissed the measures as “pseudo cuts” and predicted they would not easily pass.
Wednesday, September 16th 2015 - 09:34 UTC
Two close associates of Lula da Silva will face trial on the Petrobras scandal

Two leading figures associated with Brazil's ruling Workers' Party will face trial over their alleged roles in the Petrobras graft scandal, authorities confirmed Tuesday.A judge has accepted to take on the case brought against Jose Dirceu, a former chief of staff under ex-president Lula da Silva (2003-2010), and who prosecutors say masterminded the bribes and embezzlement scheme skimming huge sums from the state oil giant.
Wednesday, September 16th 2015 - 09:24 UTC
International Day of Democracy: New UK legal expertise fund and Magna Carta global tour

Minister of State Baroness Anelay has announced a new £100,000 fund to enable other countries to benefit from the UK’s world-leading legal expertise, marking the International Day of Democracy, 15 September. At an event held at Gray’s Inn – at the heart of the UK’s world-leading legal scene – the Minister launched the ‘Magna Carta Partnerships’ fund.
Wednesday, September 16th 2015 - 09:18 UTC
OPEC refuses to cut output pushing higher-cost oil producers out of the market

The monthly report from the Organization of the Petroleum Exporting Countries said a weaker outlook for China would contribute to slower global oil demand growth next year. “U.S. oil production has shown signs of slowing,” OPEC said in the report. “This could contribute to a reduction in the imbalance of oil market fundamentals, however, it remains to be seen to what extent this can be achieved in the months to come.”
Wednesday, September 16th 2015 - 09:09 UTC
Guatemalan runoff on 25 October between a comedian and a former first lady

Guatemalan officials confirmed Tuesday that comedian and surprise presidential frontrunner Jimmy Morales will face former first lady Sandra Torres in a run-off on October 25. The announcement capped a dramatic first-round vote rocked by the outgoing president's resignation and arrest on corruption charges, and a down-to-the-wire battle for the second spot in the run-off.
Wednesday, September 16th 2015 - 08:57 UTC
Guyana asks Google to remove Spanish names from Essequibo region which Venezuela claims

Unasur (Union of South American Nations) member Guyana is asking Google to remove certain street names near its disputed shared border with Venezuela, Guyana's foreign minister announced. The names, in Spanish, seem to suggest they are part of Venezuela, Carl Greenidge said.
Wednesday, September 16th 2015 - 08:41 UTC
Corbyn criticized for not singing the national anthem during service to mark Battle of Britain anniversary

UK opposition leader Jeremy Corbyn opted to stand in silence during the singing of the national anthem at a service to mark the 75th anniversary of the Battle of Britain on Tuesday. The new Labour leader, who believes in the abolition of the monarchy, has faced criticism for not joining in.