The oldest Justice on the Argentine Supreme Court, Carlos Fayt, 97, on Tuesday presented his resignation, which will take effect on Dec. 11, after President Cristina Fernandez's successor is scheduled to take office, judicial officials said.
An Argentine magistrate ordered the Executive to present official reports on the extent of poverty and indigence in the country, figures which allegedly the much questioned stats office, Indec ceased to release almost two years ago. However cabinet chief Anibal Fernandez ironically downplayed the order arguing the judge was 'meddling' in something she does not know.
Embattled and leaner Brazilian President Dilma Rousseff said on Wednesday that a country is not defined by its credit rating, downplaying Standard & Poor's decision to assign junk status to Latin American largest economy's sovereign debt.
A United States federal appeals court handed Argentina a victory Wednesday in its quest to relieve itself of the pressures of debt owed to American hedge funds and others, saying a judge went too far by letting some bondholders demand payment without proving how much they are entitled to be paid.
President Dilma Rousseff's latest austerity plan to rescue Brazil's sinking economy faced a cold reception Tuesday, with Congress raising questions over whether the measures will win approval. The speaker of the lower house of Congress and one of Rousseff's chief foes, Eduardo Cunha, dismissed the measures as pseudo cuts and predicted they would not easily pass.
Two leading figures associated with Brazil's ruling Workers' Party will face trial over their alleged roles in the Petrobras graft scandal, authorities confirmed Tuesday.A judge has accepted to take on the case brought against Jose Dirceu, a former chief of staff under ex-president Lula da Silva (2003-2010), and who prosecutors say masterminded the bribes and embezzlement scheme skimming huge sums from the state oil giant.
Minister of State Baroness Anelay has announced a new £100,000 fund to enable other countries to benefit from the UK’s world-leading legal expertise, marking the International Day of Democracy, 15 September. At an event held at Gray’s Inn – at the heart of the UK’s world-leading legal scene – the Minister launched the ‘Magna Carta Partnerships’ fund.
The monthly report from the Organization of the Petroleum Exporting Countries said a weaker outlook for China would contribute to slower global oil demand growth next year. U.S. oil production has shown signs of slowing, OPEC said in the report. This could contribute to a reduction in the imbalance of oil market fundamentals, however, it remains to be seen to what extent this can be achieved in the months to come.
Guatemalan officials confirmed Tuesday that comedian and surprise presidential frontrunner Jimmy Morales will face former first lady Sandra Torres in a run-off on October 25. The announcement capped a dramatic first-round vote rocked by the outgoing president's resignation and arrest on corruption charges, and a down-to-the-wire battle for the second spot in the run-off.
Unasur (Union of South American Nations) member Guyana is asking Google to remove certain street names near its disputed shared border with Venezuela, Guyana's foreign minister announced. The names, in Spanish, seem to suggest they are part of Venezuela, Carl Greenidge said.