Politics

Friday, May 8th 2015 - 07:48 UTC
Brazil's central bank to continue increasing rate, with inflation on target at the end of 2016

Brazil's central bank expects inflation to run above the official target this year and next, despite months of monetary tightening, signaling policymakers could maintain an aggressive pace of interest-rate hikes to lower stubborn prices. In the minutes of its April 29 rate-setting meeting, the bank said it would remain vigilant to ease persistently high inflation.
Friday, May 8th 2015 - 07:37 UTC
Argentina denies as 'inexact' any embargo on embassy bank funds in Belgium

The Argentine government in a late release on Thursday strongly denied an 'inexact information' related to alleged embargos by speculative funds (or vulture funds) on bank accounts from the Argentine embassy and its staff, in Belgium, and said that the attempts to freeze 'embassy funds' are but a new extortion attempt and a clear procedure abuse which could be sanctioned by Belgian tribunals.
Friday, May 8th 2015 - 06:59 UTC
Conservatives on course to a major victory, as SNP wipes out Labor in Scotland

The Conservatives are on course to be the largest party with David Cameron hopeful of gaining a majority in the UK general election. Labor faces being wiped out by the SNP in Scotland and is failing to make the gains it needs in England to stand a chance of forming a government.
Thursday, May 7th 2015 - 07:05 UTC
Argentine Justice shrugs off impeachment threat: “I'm used to this kind of attacks”

Argentina's Justice Carlos Fayt, the oldest member of the Supreme Court (97) and questioned by the government of president Cristina Fernandez, which demands evidence of his health and mental conditions, has said through his lawyer, Jorge Rizzo that he is not concerned about a possible impeachment hearing raised against him, since 'he is used to this kind of attacks'.
Thursday, May 7th 2015 - 06:55 UTC
Brazil wants to review Mercosur 'liberty' rules; sends strong public message to Argentina

Brazil has proposed reviewing Mercosur rules so that its members can enjoy more 'liberty' to negotiate trade agreements with other blocks or third parties, because even when “Mercosur is an indissoluble marriage, this does mean that relations can't be discussed” and thus a 'different speeds' group should not be discarded.
Thursday, May 7th 2015 - 06:35 UTC
Liverpool will commemorate the centenary of the sinking of the Lusitania

About 1,200 people died and 771 survived when the British liner was torpedoed by a German submarine on 7 May 1915 during World War One. One of the largest ships in the world, it was sailing from New York to its home port of Liverpool when it was sunk off the coast of Ireland.
Thursday, May 7th 2015 - 06:19 UTC
Fifty million people registered to vote and elect 650 Westminster MPs

49.5 million people are registered to cast their votes in the UK general election on Thursday 7 May. Polls open at 07:00 BST at around 50,000 polling stations across the United Kingdom. A total of 650 Westminster MPs will be elected, with about 50 million people registered to vote.
Thursday, May 7th 2015 - 06:01 UTC
Uruguay's economy 'strong enough' to navigate in challenging environments

Uruguay's economy is “strong enough to navigate in a challenging global and regional environment” in which the U.S. dollar is strong and inflation is starting to rise, Uruguayan Central Bank, (BCU), chairman Mario Bergara said during a conference in Montevideo where he discussed the central bank's mission in the current world environment.
Thursday, May 7th 2015 - 05:56 UTC
Probing Petrobras corruption scandal becoming tougher for prosecutors

Brazil's Supreme Court ordered another engineering executive released from jail on Wednesday, complicating prosecutors' efforts to expand the current corruption investigation at Petrobras.
Thursday, May 7th 2015 - 05:22 UTC
US for third year running main wheat supplier for Brazil displacing Argentina

For a third year in a row the United States will be the top wheat supplier for Brazil, displacing Argentina from its historic position, according to the latest release from Brazilian consultancy Trigo & Farinhas. This piece of information is significant given the world prices for grains and wheat planting prospects in South America.