Politics

Tuesday, April 5th 2011 - 10:15 UTC
Venezuelan business community concerned about full Mercosur integration

The potential full membership of Venezuela in Mercosur, before formalizing its departure from the Andean Community (CAN) has Venezuelan entrepreneurs and several parties linked to integration “awaiting and in uncertainty” since they are not in touch with government actions on the issue.
Tuesday, April 5th 2011 - 10:11 UTC
Uruguay has no plans to issue new debt: 2011 obligations comfortably covered

Uruguay's economy minister said the country had no concrete plan to issue new debt because it had already covered 2011 obligations and debt servicing costs will fall in 2012. Nevertheless he complained about the “poor treatment” of Uruguay by the risk rating agencies.
Tuesday, April 5th 2011 - 10:08 UTC
Based on signs of greater fiscal restraint, Fitch raises Brazil’s credit rating to BBB

Brazil’s credit rating was raised one level by Fitch Ratings, which cited the economy’s growth prospects and budget policy under President Dilma Rousseff.
Tuesday, April 5th 2011 - 09:49 UTC
Nazi criminal Eichmann tapes: the mistake was “we didn't do our job properly”

Tapes revealed by Germany’s Der Spiegel shed light on the life of a fugitive Nazi criminal in Argentina after the Second World War (1939/1945). Contrary to his claim during his trial in Israel that he was only following orders, Adolf Eichmann boasted to his friends that he was part of decision making process.
Tuesday, April 5th 2011 - 09:42 UTC
IMF begins to work in Argentina in the elaboration of a new cost of living index

International Monetary Fund (IMF) staff arrived Monday at Argentina’s Statistics Bureau, Indec headquarters in Buenos Aires to meet with its chief Ana María Edwin and its Director Norberto Itzcovich and begin the elaboration of a new cost of living index.
Tuesday, April 5th 2011 - 09:36 UTC
Timerman begins visit to Israel denying any secret dealings with Iran

Argentina’s Foreign Affairs Minister Héctor Timerman began his first official trip to Israel and denied offering to “forget” Iran's role in attacks against Israel's Embassy in BA and AMIA Jewish Community Centre in exchange for improved trade ties with Teheran.
Tuesday, April 5th 2011 - 09:28 UTC
Rousseff expects to have a Truth Commission working by the end of 2011

Brazilian president Dilma Rousseff trusts a Truth Commission can be set up and working before the end of the year to investigate crimes and human rights abuses committed during the military dictatorship which extended from 1964 to 1985.
Tuesday, April 5th 2011 - 09:25 UTC
US government and Republicans clash over legal debt limit and budget cuts

United States will reach its 14.29 trillion US dollars legal debt limit no later than May 16 unless Congress acts before then, Treasury Secretary Timothy F. Geithner said on Monday warning of “severe hardship” if lawmakers fail to act.
Tuesday, April 5th 2011 - 09:18 UTC
Crude at highest in 30 months pushed by US recovery and political turbulence

Oil climbed to the highest level in 30 months in New York on Monday on speculation that US economic growth may support demand and a protracted conflict in Libya will curtail supply.
Tuesday, April 5th 2011 - 08:53 UTC
Brazil’s Vale yields to government pressure names new CEO

Brazilian mining giant Vale, the world's biggest producer of iron ore, has chosen a new chief executive. Former Vale executive Murilo Ferreira will return to the company on 22 May.