Brazil sold about 3.2 billion dollars of new global bonds due in 2025, more than twice the original launch amount, as it paid the largest premium over U.S. Treasuries for a similar maturity since 2009 (approx 4.3%). The National Treasury is also buying back about 2 billion dollars of high-coupon notes maturing between 2017 and 2030.
A former Ecuadorean judge who presided over a pollution case against Chevron Corp. (CVX) testified that he and a colleague who issued a 19 billion judgment against the company in the environmental lawsuit were bribed.
With less than four days for Sunday’s midterm elections in Argentina, Buenos Aires province Governor Daniel Scioli called on “undecided” and independent voters to cast their ballot for President Cristina Fernandez Victory Front (FpV) top candidate Martín Insaurralde “in favor of the province and the country.”
The US dollar in Buenos Aires reached on Tuesday 10 Argentine Pesos (buying price) and 10.05 pesos (selling price) in the informal market, 15 cents higher compared to its last closing price, pushed by the tourist sector, and as the government crackdown on the so called city “exchange caves” eased up.
As part of Argentina's foreign policy to increase links and cooperation with the Caribbean, Foreign minister Hector Timerman and his peer from Belize, Wilfred Elrington signed a South to South cooperation agreement which covers several fields and opens trade opportunities.
Uruguayan president Jose Mujica popularity reached 51% in October while approval of his performance stood at 45%, according to the latest opinion poll released this week and a year ahead of national elections. In Uruguay there is no re-election
Following an initiative from a group of lawmakers that recently visited the Falkland Islands, the Panama National Assembly signed a resolution for the creation of an “Inter-parliamentary Friendship Group” between the Falklands and Panama.
Cuba is to scrap its two-currency system in the latest financial reform rolled out by President Raul Castro, official media report. Since 1994 Cuba has had two currencies, one pegged to the US dollar and the other worth only a fraction of that. The more valuable convertible peso (CUC) was reserved for use in the tourism sector and foreign trade. Now its value will be gradually unified with the lower-value CUP, ending a system resented by ordinary Cubans.
Chile’s controversial anti-terrorism law became a major talking point for presidential candidates as the country nears elections after front-runner Michelle Bachelet spoke out against the law’s application in a widely publicized arson case which resulted in two deaths.
An agreement has been signed by INTERPOL and the Rio 2016 Organizing Committee for the world police body to provide additional support to the Brazilian authorities in ensuring the safety and security of the event.