The U.S. economy grew at a slightly faster pace in recent months than first thought, as businesses restocked their goods. U.S. Commerce Department said the world's largest economy advanced 2.1% in the July-to-September period, up from an initial estimate of 1.5%.
Argentina's president-elect Mauricio Macri has named US-educated bankers and big business executives to key posts in a cabinet he vows will revive the economy, officials and media reports said Wednesday. Budget and finance minister Alfonso Prat-Gay, 50, an economist trained at Pennsylvania University and former Wall Street banker, was announced by Macri's designated chief of staff Marcos Peña.
Argentine president Cristina Fernandez made on Wednesday her first public appearance since Sunday's election runoff when opposition candidate Mauricio Macri was confirmed as the new head of state, and clearly anticipated she will continue in politics and pretends to conduct the Justicialista party, the country's hegemonic political force.
Brazilian authorities working on the country’s huge Petrobras corruption probe arrested Jose Carlos Bumlai, a rancher reportedly close to powerful former president Luiz Inacio Lula da Silva.
Mercosur is only waiting for the European Union to begin the political negotiations on the long delayed overall trade agreement, announced Paraguay's foreign minister Eladio Loizaga in Asunción, just back from Brussels where he met with EU and Belgian officials.
By Rengaraj Viswanathan (*) Mauricio Macri’s win will inspire the centre-right opposition parties that hope to replace leftist governments in Brazil and Venezuela but it is too early to declare, as some observers are doing, that the result marks the end of the Left in the region
Two days after Mauricio Macri's victory in Argentina, Uruguay's former president Jose Mujica wished Argentina the best with its new government, but also expressed fear about the 'institutional stability' of the country.
The UK government is looking forward to working with the new government of Argentina and hopes the people of the Falkland Islands will not suffer the bellicosity shown by the current administration, said Foreign Office minister Hugo Swire in Parliament.
President-elect Mauricio Macri has tapped a top United Nations official to be Argentina's next foreign minister. Macri announced on his Facebook page on Tuesday that he picked Susana Malcorra, Cabinet chief for U.N. Secretary General Ban Ki-moon since 2012.
A landmark summit of the Gas Exporting Countries Forum (GECF) has opened in the Iranian capital Tehran with the participation of the heads of nine member states. Presidents of Iran, Russia, Venezuela, Iraq, Bolivia, Equatorial Guinea, Nigeria, Turkmenistan as well as the Algerian prime minister are the key participants.