Politics

Wednesday, March 2nd 2016 - 07:08 UTC
Brazilian police arrests Facebook executive for refusing to release WhatsApp data

Police in Brazil have arrested the vice president of the social media company Facebook in Latin America. Diego Dzodan, an Argentine national, has repeatedly refused to comply with court orders to hand over data for use in a criminal investigation into drugs trafficking, police said. His arrest relates to the messaging service WhatsApp, owned by Facebook.
Wednesday, March 2nd 2016 - 06:55 UTC
Falklands soil and pebbles were received by the Pope from Argentine governor

Soil and pebbles from the Falkland Islands together with letters from Tierra del Fuego residents were received by Pope Francis during the recent visit of an Argentine delegation that included president Mauricio Macri, several ministers and three governors, one of them, Ms. Rosana Bertone from the most austral of Argentine provinces.
Tuesday, March 1st 2016 - 07:32 UTC
China to the rescue of debt-burdened Petrobras with a US$10bn credit

Bonds issued by Brazil's Petrobras ended one to two points higher on Monday as the beleaguered oil company eased refinancing pressure by clinching a US$10bn loan from China. The US$10bn loan from China Development Bank, which can be repaid in cash or oil, will do much to reduce refinancing risks for what is one of the world's most indebted companies.
Tuesday, March 1st 2016 - 07:27 UTC
Gibraltar replies to Spanish MEP 'misinformation' at European Parliament

Gibraltar Deputy Chief Minister, Dr Joseph Garcia, has written to the European Commission in order to set the record straight following ‘misinformation’ about Gibraltar propagated by a Spanish MEP. This comes after the Spanish MEP, Ramon Jauregui Atondo, tabled a question before the European Parliament in which he said that Gibraltar ‘facilitates tax evasion and financial crime’.
Tuesday, March 1st 2016 - 05:05 UTC
Special Master announces settlement of 15-year battle between Argentina and 'holdout' hedge funds

Daniel A. Pollack, Special Master appointed to preside over settlement negotiations between the Republic of Argentina and its “Holdout” Bondholders, this morning (29 February) issued the following statement:
Monday, February 29th 2016 - 20:42 UTC
Arrest of Rousseff key advisor brings more uncertainty to her administration

A member of Brazilian president Dilma Rousseff’s inner circle who masterminded her two successful election campaigns, Joao Santana is accused by prosecutors of receiving payment for his services in money illegally siphoned from state oil company Petrobras.
Monday, February 29th 2016 - 09:31 UTC
Uruguay prepared to lead Mercosur/EU trade negotiations during the whole year

Uruguay, now with the support from Argentina, is very much interested in advancing with the cooperation and trade agreement between Mercosur and the European Union, and is planning for president Tabare Vazquez to attend a Brussels meeting with EU officials to emphasize the matter.
Monday, February 29th 2016 - 09:24 UTC
Venezuela pays debt to bankers but bakeries have no bread, because of scarce flour

Venezuela has paid $1.54 billion in principal and interest owed to international bondholders, the Banking and Finance Ministry said Saturday. President Nicolas Maduro's administration “once again manifests its willingness and capacity to honor its financial commitments in a timely manner, demonstrating its solvency in international markets,” the ministry said of Friday's payment.
Monday, February 29th 2016 - 09:16 UTC
Esso to intensify oil exploration in Guyana's Maritime Zone

Oil exploration efforts have intensified following the discovery of commercial quantities of oil in Guyana’s Maritime Zone. Esso Exploration and Production Guyana Ltd. (EEPGL) has commenced a meteorological and oceanographic survey in the Stabroek Block, scheduled to be completed during May 2018.
Monday, February 29th 2016 - 09:09 UTC
Ex-Bank of England boss calls for urgent reform of monetary and banking system

The former Bank of England boss has warned in a new book that another financial crisis is “certain”, and may come “sooner rather than later”. Mervyn King, who stood down in 2013, says reform of monetary and banking systems may help prevent the crisis.