The Brazilian Real erased early losses on Tuesday after state prosecutors charged Workers Party vice presidential candidate Fernando Haddad with corruption, driving investors to pare bets on his electoral strength.
On Sunday, Brazil’s top electoral court ruled that “Lula”, former president Luiz Inácio da Silva, cannot run in the presidential election this October. He served two terms as president (2003-2011), he dutifully waited out the following two terms, and his Workers’ Party (PT) has nominated him for the presidency again.
Brazil's top electoral court has banned political campaign ads showing former president Lula da Silva as a candidate, according to a ruling made on Sunday in response to a complaint by the Novo party.
The Brazilian Real slumped on Monday as mounting concerns over this year's presidential election added to global risk aversion, while the Argentine peso extended a recent sell-off that also spread into stock markets in Latin America.
The Falkland Islands have warned that a million penguins are at risk from a funding black hole caused by Britain’s exit from the European Union. The Islands rely on European conservation projects to care and protect the penguin colonies, rookeries, in its shores. But with the U.K. fast approaching Brexit Day in March 2019, Falklands' lawmaker Teslyn Barkman has urged clarity on the future of Islands’ flippered friends.
British Prime Minister Theresa May's brief summer holiday from Brexit battles came to a noisy end Monday, as she faced attack from both sides of her divided Conservative Party. Archrival Boris Johnson inflamed speculation that he aims to oust May by branding her plan for Brexit “a disaster”.
President Mauricio Macri unveiled plans on Monday to raise export taxes on grains and slash the number of government ministries in a bid to balance its budget next year, as Argentina seeks a deal with the IMF to accelerate a US$ 50 billion standby loan program.
Argentina is drafting plans to cut its budget deficit to convince nervous investors it can pay its debts and this Monday Finance minister Nicolas Dujovne is scheduled to announce measures, before traveling to Washington to meet with IMF's chief Christine Lagarde.
Brazil's Workers Party, PT, said on Saturday that it's sticking with former president Lula da Silva as its presidential candidate even though the electoral court has thrown him off the ballot for an election just five weeks away.
The EU's chief Brexit negotiator Michel Barnier has said he is “strongly” opposed to key parts of Theresa May's proposals for a future trade deal. On Sunday morning the prime minister said she would not compromise on the UK government's Chequers plan.