Politics

Saturday, December 5th 2015 - 08:25 UTC
Rousseff suffers setbacks in attempt to block impeachment proceedings

$Aviation Minister Eliseu Padilha, an ally of Temer and part of the fractious party that is Rousseff's main coalition partner, submitted his resignation$

Brazilian president Dilma Rousseff on Friday suffered two setbacks to her fight against impeachment, as a minister from her main coalition ally resigned and the Supreme Court quashed appeals from supporters seeking to stop the impeachment process.
Saturday, December 5th 2015 - 07:58 UTC
Argentina's presidential baton, sash, Zamba and a last minute protocol soap opera

A growing spat between Argentina's outgoing president and president elect over inauguration day logistics took a strange turn Friday, with the silversmith responsible for crafting a ceremonial baton saying an assistant was threatened by possible police action, and fears the whole transfer ceremony could turn into a shouting contest between supporters from the two groupings.
Saturday, December 5th 2015 - 07:39 UTC
London and BOTs reaffirm right to self determination and “countering hostile sovereignty claims”

The United Kingdom and British Overseas Territories have agreed to work together to counter hostile sovereignty claims and defend the right to self determination, according to a communiqué issued by the Joint Ministerial Council meeting in London which also touches upon the EU Referendum, tax and banking.
Saturday, December 5th 2015 - 07:10 UTC
A range of possible results in Venezuela's Sunday legislative election

By David Rosnick (*) A new paper from the Center for Economic and Policy Research (CEPR) finds that there may be a significant disparity between the popular vote and legislative seats claimed by parties in Venezuela’s December 6 National Assembly elections.
Saturday, December 5th 2015 - 06:50 UTC
Oil futures fall sharply after OPEC agrees to keep 'current actual production'

Oil futures fell sharply Friday, with the U.S. benchmark settling below $40 a barrel after the Organization of the Petroleum Exporting Countries agreed to keep pumping crude at current production levels despite a global glut.
Friday, December 4th 2015 - 07:49 UTC
Uruguay's former football chief Bauza, only Conmebol member not indicted

Of the ten presidents from South America's football confederation, Conmebol, during the period under investigation by the FBI, only two had not been indicted until Thursday: Uruguay's Sebastian Bauza and Ecuador's Luis Chriboga. However US Attorney General Loretta Lynch included Chriboga in the latest list of allegedly 16 indictments.
Friday, December 4th 2015 - 07:29 UTC
FIFA corruption: new round of arrests of South American football officials

Sixteen more top football officials were charged in a dramatic widening of the FIFA corruption scandal on Thursday, as US prosecutors vowed to leave no stone unturned in their quest to root out graft. Several senior FIFA officials from the past or present were named in a 92-count US Justice Department indictment which came after a series of dawn raids at a luxury hotel in Zurich hosting FIFA officials.
Friday, December 4th 2015 - 05:55 UTC
Mercosur waiting for EU proposal; summit to be held at Conmebol convention centre

Mercosur is waiting for the European Union to decide when to begin the exchange of tariff-reduction proposals with the purpose of reaching an encompassing trade and cooperation agreement, despite France's objections to the move, said Rigoberto Gauto, Paraguay's deputy foreign minister. Paraguay currently holds the Mercosur chair and leads negotiations with Brussels.
Friday, December 4th 2015 - 05:33 UTC
Uruguay could be heading to recession because of the government's political stalemate

Uruguay faces seven conditions which are creating a complex scenario and if they are not modified by government, it's most possible the economy is heading for a recession, according to economist Juan Carlos Protasi, a former central bank president.
Friday, December 4th 2015 - 05:23 UTC
Uruguayan government unable to keep inflation below two digits

Inflation in Uruguay during the first eleven months of 2015 was double digit, 10.04%, a figure which if confirmed by the end of the year, could trigger a rash of labor review demands from unions. According to the country's stats office INE, in November retail prices climbed 0.43%, and in the last twelve months reached 9.46%, ahead of October's 9.15%.