Politics

Friday, March 27th 2015 - 08:07 UTC
Petrobras engineering firm contractor files for bankruptcy

Brazilian engineering firm Galvao Engenharia said on Wednesday it filed for bankruptcy protection, as state-run oil company Petrobras cut off payments due to a broad corruption scandal in which it had been implicated.
Friday, March 27th 2015 - 07:52 UTC
International summit on oil and gas potential in Uruguay next June

Uruguay's oil and gas Government owned company, ANCAP, will join senior level delegation from international oil and gas operators on 11-12 June 2015 in Montevideo to analyze the potential of a region that has experienced significant advances since 2009.
Friday, March 27th 2015 - 07:38 UTC
UK biggest union and Labor affiliate pledges full support for Gibraltar with Ed Miliband

United Kingdom Unite boss Len McCluskey gave ‘the fullest of assurances’ that he would influence a future Labor government in Britain to respect the wishes of the people of Gibraltar in any dealings with Spain.
Friday, March 27th 2015 - 07:23 UTC
Argentina denies purchase of Russian aircraft but admits the Chinese option

Argentina 'never had in consideration' the possibility of purchasing fighter aircraft from Russia, such as the Sukhoi Su-24, to replace the aging French Mirages to be decommissioned by the end of the year, said Defense minister Agustín Rossi.
Friday, March 27th 2015 - 07:15 UTC
Mercosur is being left out of the main global trade flows, argues Uruguay

Mercosur is being left out of the main global trade flows since it only belongs to 1% of free trade treaties or tariff preference agreements, which actually represent half of world trade, said Uruguay's foreign minister Rodolfo Nin Novoa during a conference on “Education and regional integration”.
Thursday, March 26th 2015 - 15:40 UTC
Top Gear's Clarkson sacked; BBC admits the decision would “divide opinion”

Jeremy Clarkson's contract will not be renewed after an “unprovoked physical attack” on a Top Gear producer, the BBC's director general has confirmed. Tony Hall said he had “not taken this decision lightly” and recognized it would “divide opinion”, but he emphasized that “a line has been crossed” and he “cannot condone what has happened on this occasion”.
Thursday, March 26th 2015 - 09:30 UTC
Timerman rejects Iran cover-up claims and again supports the MoU signed with Teheran

Argentina's Foreign Minister Hector Timerman has rejected the cover-up accusations made by Alberto Nisman before the AMIA special prosecutor was found dead in his Buenos Aires City apartment more than two months ago under unclear circumstances.
Thursday, March 26th 2015 - 09:20 UTC
Argentina considers Citigroup deal with US Judge Griesa could have violated local law

Argentina's Economy Minister Axel Kicillof said on Wednesday a deal between Citigroup Inc and U.S. judge Thomas Griesa allowing the banking giant to process two Argentine debt payments violated the country's laws.
Thursday, March 26th 2015 - 09:07 UTC
Brazil central bank will cease forex intervention program as of April

Brazil's central bank announced on Tuesday it will not extend its currency intervention program past March 31 as a combination of political problems at home and fears of higher U.S. interest rates push the Real near its lowest levels in a decade. The bank will, however, roll over all swaps expiring after May 1.
Thursday, March 26th 2015 - 08:34 UTC
Majority of Brazilians favor impeaching President Rousseff; opposition leaders resist the move

A majority of Brazilians favor impeaching President Dilma Rousseff due to the economic slump and a snowballing corruption scandal at state-run oil company Petrobras, according to a poll released this week. But despite calls for Rousseff's ouster and recent street demonstrations against her government, opposition leaders have resisted pushing for impeachment and say it is unlikely.