Politics

• Thursday, April 23rd 2015 - 08:45 UTC

  Brasil's third biggest builder contracting drastically after Petrobras scandal and bankrupcy

  

  Brazilian engineering conglomerate Grupo OAS expects revenue to shrink more than 50% by 2017 as it sells operations and refocuses on civil construction after filing for bankruptcy protection due to a bribery scandal at a state-run oil company.

• Thursday, April 23rd 2015 - 07:09 UTC

  Petrobras reveals extent of its losses because of corruption and mismanagement

  

  Brazil's state-run oil giant Petrobras which has been bashed by a wide-spread corruption scandal, reported on Wednesday a 2014 net loss of 21.6 billion Reais (7.2 billion dollars) after taking 50.8 billion Reais in charges.

• Thursday, April 23rd 2015 - 04:50 UTC

  Cristina Fernandez invites Russian investors to Argentina; Thursday she meets Putin

  

  “Argentina is a country where it is worth investing in and producing, not only because of its natural resources, also because of the human resources we have” said president Cristina Fernández in Moscow on an official visit to Russia. She praised the “recovery of Argentina's flag carrier that allows connectivity among all the zones in the country, not only the richest ones.”

• Thursday, April 23rd 2015 - 02:00 UTC

  “We have yet to change our ways” says Ban Ki-moon UN on Mother Earth Day

  

  Humanity is well aware of the devastating damage and pollution it have wrought on planet Earth, and “even with this knowledge, we have yet to change our ways,” United Nations Secretary-General said on Wednesday, urging people to reset their relationship with nature and every living being it sustains.

• Wednesday, April 22nd 2015 - 06:35 UTC

  Petrobras receives financial support from China and local banks

  

  Brazilian state-run oil company Petrobras approved a series of financial agreements with local and international banks that will meet its financing needs in 2015, the company announced. In a filing with local stock regulators, Petrobras said that the deals will provide the company with access to about 6.2 billion dollars, including a 3.5bn financing contract reached with China Development Bank on April 1.

• Wednesday, April 22nd 2015 - 06:25 UTC

  Nisman's successor calls prosecutor who dismissed the case “a grave digger”

  

  Argentine prosecutor German Moldes has blasted the decision of colleague Javier de Luca to dismiss in the Court of Cassation (Appeals) the cover-up accusation filed by late AMIA lead investigator Alberto Nisman, accusing the official of trying to bury the investigation against President Cristina Fernandez.

• Wednesday, April 22nd 2015 - 06:03 UTC

  Understanding the drivers of prosperity in Latin America and the Caribbean

  

  A new World Bank Group report, “Shared Prosperity and Poverty Eradication in Latin America and the Caribbean”, explores the performance of eight countries to understand what has driven progress, and what it will take to sustain it.

• Wednesday, April 22nd 2015 - 05:55 UTC

  Gazprom and YPF will sign agreement to develop Argentina shale oil and gas deposits

  

  Argentine energy company YPF CEO Miguel Galuccio is scheduled to sign on Wednesday in Moscow a contract on joint exploitation of shale oil and gas in the rich Vaca Muerta fields of Patagonian province Neuquén. The contract is part of the bilateral agenda to be addressed by visiting Argentine president Cristina Fernandez on Thursday, when she meets with Vladimir Putin.

• Wednesday, April 22nd 2015 - 03:18 UTC

  Falklands' Argentine cemetery remains' identification turns into controversy

  

  The United Kingdom regretted that Argentina was 'making politics out of a humanitarian issue”, following the claim from the administration of President Cristina Fernandez that UK was delaying the identification process of 123 Argentine soldiers, who died during the 1982 Falklands War and were buried as the Unknown Warriors on the Islands Argentine cemetery.

• Wednesday, April 22nd 2015 - 01:58 UTC

  Argentina sues Falklands' oil and support companies involved in hydrocarbons drilling

  

  The Argentine government on Tuesday sued several energy and support companies that are drilling for oil near the Falkland Islands, the latest chapter of a longstanding dispute over the South Atlantic archipelago, though analysts say it will have little practical effect. The criminal case was filed in Rio Grande, Tierra del Fuego province which according to the Argentine constitution includes the Falklands and Antarctica.