Politics

• Saturday, May 12th 2018 - 07:50 UTC

  Macri enlists further financial and political support, but Peso continued to slide

  

  Argentina’s central bank sold US$1.1 billion in the foreign exchange market on Friday and the peso weakened 2.74% to an all-time closing low of 23.35 per U.S. dollar despite talks aimed at securing an International Monetary Fund financing deal.

• Saturday, May 12th 2018 - 07:07 UTC

  Argentina buys five modernized “symbolic” Super Etendard fighter-jets from France

  

  Argentina has bought five modernized Super Etendard fighter jets from the French National Navy for 12.6 million Euros (US$ 15.1 million). The agreement of the operation between both countries is established as one of the forms of cooperation, says Official Gazette.

• Saturday, May 12th 2018 - 06:58 UTC

  MP Craig Mackinlay demands right for Gibraltar to elect an MP to Westminster

  

  Brexit must make us think anew and refresh Gibraltar’s relationship with the UK. It is time for the Rock to have a Member of Parliament, writes MP Craig Mackinlay (*) The Overseas Territory that now sits in a unique constitutional position post-Brexit is Gibraltar.

• Saturday, May 12th 2018 - 06:43 UTC

  “Europe must take its destiny in its own hands, US will not protect us”, claims Merkel

  

  Europe cannot put all of its trust in the U.S. when it comes to protection and should instead “take its destiny into its own hands,” German Chancellor Angela Merkel has said. “It's no longer the case that the United States will simply just protect us”.

• Saturday, May 12th 2018 - 06:35 UTC

  Uruguay ratifies Inter-American Convention against All Forms of Discrimination and Intolerance

  

  Uruguay on Friday deposited at the headquarters of the Organization of American States (OAS) in Washington DC, the instrument of ratification of the Inter-American Convention against all Forms of Discrimination and Intolerance, becoming the first state to ratify it. Uruguay is also the only one that has ratified all the binding legal instruments of the inter-American system.

• Friday, May 11th 2018 - 09:05 UTC

  Despite legal setbacks, Lula reiterates his intention to run for a third presidential term

  

  Brazil's former President Luiz Inacio Lula da Silva reiterated on Thursday his intention to run for a third presidential term. Lula was jailed on April 7 and is serving a sentence of 12 years and one month for corruption and money laundering.

• Friday, May 11th 2018 - 08:35 UTC

  Paraguay's president “soul brother” accused by Brazil of money laundering

  

  Paraguayan authorizes have issued an arrest warrant for a man President Horacio Cartes has described as his “soul brother” as part of a sweeping investigation into corruption in Latin America.

• Friday, May 11th 2018 - 06:29 UTC

  Argentine stock market climbs 6% and the exchange market operates cautiously

  

  Argentine equities rallied on Thursday, while the country's peso currency was stable, as the central bank sold foreign currency reserves in the spot market for the first time since the country announced it was seeking financing from the IMF.

• Friday, May 11th 2018 - 06:12 UTC

  Bank of England leaves interest rates unchanged, slashes 2018 growth prospects

  

  The Bank of England has backed off from raising interest rates as it slashed 2018 growth forecasts, but said the economy would bounce back from a weather-hit “soft patch”. Policymakers kept the prospect of rate hikes firmly on the cards, although it sparked confusion over when the next increase may come.

• Friday, May 11th 2018 - 05:39 UTC

  IMF and White House support Macri's economic reform program

  

  International Monetary Fund chief Christine Lagarde said on Thursday she is ready to aid Argentina and wants talks on a financing package to be finalized quickly. Lagarde said she instructed the IMF team to continue discussions on a loan program with the goal to “reach a rapid conclusion.”