Politics

Tuesday, August 4th 2015 - 05:35 UTC
Puerto Rico declared on default by Moody's after failing to make debt full payment

Puerto Rico's Government Development Bank announced Monday that it was only able to make a partial payment on its Public Finance Corporation (PFC) debt service due over the weekend. In response to the non-payment of the full service, credit rating agency Moody's said it viewed the situation as a default.
Tuesday, August 4th 2015 - 05:27 UTC
Catalonia challenges Madrid: calls elections for September, ahead of Spain's national ballot in November

The leader of Spain's wealthy Catalonia region President signed a decree on Monday calling parliamentary elections for 27 September, a year earlier than necessary and according to political analysts, a proxy vote on the much debated controversial independence.
Tuesday, August 4th 2015 - 05:13 UTC
Libor rate rigging: ex trader sentenced to 14 years in jail by London court

Ex-trader Tom Hayes was sentenced to 14 years in jail by a London court on Monday after being found guilty of conspiring to rig Libor benchmark interest rates following a seven-year global investigation.
Tuesday, August 4th 2015 - 05:02 UTC
Lula da Silva's 'fund-raiser' Dirceu again involved: this time with Petrobras

Brazilian police on Monday arrested former government minister Jose Dirceu, one of the most senior members of the ruling Workers' Party to be detained so far in a corruption scandal engulfing state-run oil company Petrobras.
Monday, August 3rd 2015 - 09:29 UTC
Argentine farmers at Palermo show opening: “please don't vote for 'populist adventures'”

Argentine farmers have taken sides decisively ahead of events leading to the presidential election in October and the primaries next weekend. At the opening of the country's major Palermo agriculture show in Buenos Aires, the head of the Argentine Rural Society Luis Etchevehere called on his fellow citizens to avoid supporting “democratically elected leaders but intoxicated with authoritarianism” and “populist adventures”.
Monday, August 3rd 2015 - 09:05 UTC
“You can't understand Pope Francis without Juan Peron and Evita Peron” says the Washington Post

Pope Francis will be visiting the United States next September, where he will address the United States congress, the United Nations General Assembly and attend the Family Congress to be held in Philadelphia.
Monday, August 3rd 2015 - 08:28 UTC
Argentina and Chile armies agree on Antarctica rescue and support operations

The armies of Argentina and Chile have completed the details for this Antarctic season PARACAH (Antarctic Combined Rescue Patrol Argentina-Chile) 2015 exercise that became effective as of August and extends until next year, and which besides combined rescue operations also refers to collaboration in scientific and research issues in Antarctica.
Monday, August 3rd 2015 - 08:16 UTC
Canada will hold elections next October; conservatives could lose office

Canadian Prime Minister Stephen Harper has called a parliamentary election for Oct. 19, kicking off a marathon 11-week campaign likely to focus on a stubbornly sluggish economy and his decade in power. Polls indicate Harper's right-of-center Conservative Party, which has been in office since 2006, could well lose its majority in the House of Commons.
Saturday, August 1st 2015 - 10:00 UTC
FIFA corruption: Argentine indicted businessman pleads not guilty in US court

The former chairman of an Argentina-based sports marketing business, one of 14 people indicted in a corruption case that has rattled the soccer world's governing body FIFA, pleaded not guilty in US federal court on Friday.
Saturday, August 1st 2015 - 09:55 UTC
Brazil reports its worst half year primary deficit since 1997

The Brazilian government registered a primary deficit of $470 million (1.6 billion Real) in the first half of 2015, according to figures from the National Treasury release on Thursday, O Globo newspaper reported. The deficit is the worst result since 1997. In the same period last year, the government recorded a surplus of $5 billion (17 billion real).