Mercosur

• Wednesday, June 29th 2016 - 05:04 UTC

  Brazil inflation should reach Central bank target by second half of 2018

  

  Brazil's inflation will again miss the government target next year, but will be getting much closer at 4.7%, the Central Bank said on Tuesday. For this year, inflation is forecast at 6.9%, well off the 4.5% target. However, even that represents relief for Latin America's largest economy, but sickly economy where annual inflation hit 9.32% in May.

• Wednesday, June 29th 2016 - 04:57 UTC

  Investors suing Petrobras argue top executives knew of the massive bribery scheme

  

  Investors suing Petrobras to recoup billions of dollars in losses argued on Tuesday that the arrests and plea deals of top company executives prove that it knew of a massive bribery and political kickback scheme. Lawyers for the investors asked U.S. District Judge Jed Rakoff in Manhattan to rule, ahead of a trial set for Sept. 19, on claims that the company violated U.S. securities laws, according to a court filing.

• Tuesday, June 28th 2016 - 07:28 UTC

  Rousseff signed budget decrees without congressional approval, claim Senate experts

  

  A nonpartisan team from the Brazilian Senate budget analysts on Monday handed potential legal ammunition both to opponents and supporters of suspended President Dilma Rousseff as she tries to survive n impeachment trial.

• Tuesday, June 28th 2016 - 06:28 UTC

  Mercosur presidential summit off, but chair transfer to Venezuela will be done at foreign ministers' level

  

  Mercosur presidential summit next July in Montevideo has been cancelled, but the six-month presidency of the group, currently held by Uruguay will be transferred as scheduled to Venezuela, although some conditions of the event are “pending discussion”, said on Monday foreign ministers Susana Malcorra and host Rodolfo Nin Novoa.

• Monday, June 27th 2016 - 08:01 UTC

  Temer will be absent from Mercosur summit; displeasure with Venezuela

  

  Brazilian interim president Michel Temer will be absent from the next Mercosur summit scheduled to take place in Montevideo, and this decision is considered a strong message to the Venezuelan government of president Nicolas Maduro that will be taking the group's chair for the next six months.

• Saturday, June 25th 2016 - 11:29 UTC

  UK´s Leave vote is of great concern for Argentina, admits Malcorra

  

  The exit of the United Kingdom from the European Union is of most concern to the administration of Argentine president Mauricio Macri, said foreign minister Susana Malcorra. “It is a shock for world institutions”, but it's too early to gauge the impact on the Falklands/Malvinas discussions.

• Tuesday, June 21st 2016 - 07:29 UTC

  Brazil slams Mercosur policies of 'populist governments”; proposes a more flexible working accord

  

  Brazil wants a more flexible dynamic Mercosur which allows member countries to reach autonomous agreements with third parties, that can help overcome the de-industrialization process suffered by recent “populist governments”, said Brazilian foreign minister in a speech to the Sao Paulo State Federation of Industries, FIESP.

• Thursday, June 16th 2016 - 07:25 UTC

  Macri attends economic forum in Colombia; reaffirms Argentina's commitment to the Pacific Alliance

  

  Argentine president Mauricio Macri said Mercosur needs “a greater integration dynamics” and defended the idea that the Atlantic regional block country members work to reach agreements with countries of the Pacific Alliance.

• Tuesday, June 14th 2016 - 08:40 UTC

  Venezuela opposition leader in Latin American tour in search for support

  

  One of Venezuelan top opposition leader on Monday launched a tour of Latin American countries to rally support for his side in its bid to remove President Nicolas Maduro from office. Henrique Capriles, a senior figure in the opposition MUD coalition, was in Paraguay, Argentina and planned to move on to Brazil.

• Monday, June 13th 2016 - 17:20 UTC

  Chilean salmon industry controversy over the use of antibiotics

  

  The use of antibiotics in the Chilean salmon industry reached 557 tons in 2015, according to the latest report of the National Fisheries and Aquaculture Service (SERNAPESCA), a figure consolidating the tendency to their intensive use over the past five years.