Politics

Saturday, January 17th 2015 - 08:03 UTC
Argentina downplays WTO adverse ruling and considers possible negotiations with litigants

The World Trade Organization (WTO) ruling against Argentina triggers “no immediate modification” of the country’s trade administration, Cabinet Chief Jorge Capitanich pointed out adding a “comprehensive and detailed analysis of the ruling’s terms” is needed.
Saturday, January 17th 2015 - 08:00 UTC
Petrobras CEO confirmed in the job by the Energy minister

Brazil’s energy minister this week threw his support behind the CEO of Petrobras, the embattled state-run oil company embroiled in a vast corruption scandal that has dominated national headlines. Maria das Graças Silva Foster will keep her job as CEO, the minister said, despite growing demands for her resignation.
Saturday, January 17th 2015 - 07:49 UTC
Petrobras corruption scheme could reach 28bn dollars according to police

The corruption scheme in Brazil's leading corporation Petrobras could exceed 28 billion dollars, making it the largest corruption scandal that the country has ever seen. The development was reported through an interview by Reuters of Brazilian police officer, Erika Marena, investigating the corruption probe.
Saturday, January 17th 2015 - 07:46 UTC
Booming California overtakes Brazil as the world's seventh largest economy

California is overtaking Brazil as the world’s seventh-largest economy, bolstered by rising employment, home values and personal and corporate income, a year after the US most-populous state surpassed Russia and Italy.
Friday, January 16th 2015 - 07:10 UTC
Timerman accuses Nisman of 'investigating the president clandestinely'

Argentina's government called a leading prosecutor a 'despicable liar' on Thursday for accusing President Cristina Fernandez of secretly negotiating with Iran to avoid punishing those responsible for the country's worst terrorist attack, and insisted the whole thing was a 'media show'.
Friday, January 16th 2015 - 06:54 UTC
Prosecutor Nisman confirms case against Cristina Fernandez and reveals further evidence

Argentina's AMIA special prosecutor Alberto Nisman confirmed his complaint against President Cristina Fernandez and several other officials over an alleged “criminal deal of impunity” with Iran and explained the role of every one of those he accused for “covering up” Teheran’s involvement in the attack against the Jewish centre in 1994 in Buenos Aires.
Friday, January 16th 2015 - 06:49 UTC
Bilateral trade between Mercosur main partners dropped 21.2% in 2014

Bilateral trade between Mercosur two main partners, Brazil and Argentina (first and third largest economies in Latin America) dropped 21.2% last year and with a 139 million dollars deficit for Argentina, according to the Argentine Commerce Chamber, CAC.
Friday, January 16th 2015 - 06:37 UTC
Pope Francis: “You can't make a toy out of the religions of others”

Pope Francis, speaking of last week's deadly attacks by Islamist militants in Paris, has defended freedom of expression, but said it was wrong to provoke others by insulting their religion and that one could “expect” a reaction to such abuse.
Friday, January 16th 2015 - 06:15 UTC
In a surprise move Swiss central bank abandons Euro peg: frank soars 30%

The Swiss franc soared as much as 30% in chaotic trade after the central bank abandoned the cap on the currency's value against the Euro. The Swiss National Bank (SNB) said the cap, introduced in September 2011, was no longer justified. It also cut a key interest rate from -0.25% to -0.75%, raising the amount investors pay to hold Swiss deposits.
Friday, January 16th 2015 - 06:10 UTC
US, EU and Japan win case at WTO against Argentine import restrictions

The World Trade Organization on Thursday rejected Argentina’s bid to overturn a ruling in favour of the United States, the European Union and Japan against the Buenos Aires licensing rules used to restrict imports.