A United States appeals court on Monday declined to reconsider an order requiring Argentina to pay 1.33 billion dollars, ruling in favor of bondholders who refused to participate in two debt restructurings spinning out of the country's 2002 default.
Argentine President Cristina Fernandez reappeared Monday in a video for the first time since the October 8 cranium surgery to remove blood clots. Very much in control of the situation and specially impressive for the occasion the Argentine leader reopened her Twitter and with a first message in 45 days that said: “Hi, how are all of you?”
The administration of Argentine President Cristina Fernández announced on Monday a major cabinet reshuffle naming Chaco governor Jorge Capitanich as new cabinet chief and Axel Kicillof Economy minister while the Central bank will have a new president, Carlos Fabrega.
Sunday 1st December 2013 marks the introduction of the new National Minimum Wage legislation for the Falkland Islands. From this date, employers are required by law to pay their workers aged 18 years and over a minimum of £5.05 per hour, equivalent to approximately 8.13 dollars (or £3.10 per hour for workers aged 16 or 17 years).
Argentina's economic activity grew 4.7% in September compared with the same month last year, according to the government's much questioned stats office, INDEC. Market expectations were in the range of 3.9%.
Vallejo's victory and those of independent candidates Giorgio Jackson and Gabriel Boric and fellow communist Karol Cariola, former comrade-in-arms in the student movement, who also gained seats in Chile's lower house on Sunday is significant for presidential front-runner Michelle Bachelet's bid to have her Nueva Mayoria coalition gain a stronger foothold in both houses of Congress.
Vice-president Danilo Astori confirmed that Uruguay will continue with its current flexible foreign exchange policy, because this has helped us reduce volatilities, but also admitted concern about inflation, the third highest in South America and fourth in Latin-American and the Caribbean.
Two ladies and daughters of Air Force generals (but from opposite sides) will be disputing the run off on 15 December when the next Chilean president will be elected. Given the fact that on last Sunday's first round Socialist Michelle Bachelet was only three points short of a majority, and over twenty points ahead of conservative Evelyn Matthei there should be no doubts about who will be inaugurated at La Moneda next March 2014.
Left-wing candidate Michelle Bachelet has won the first round of voting in Chile's presidential election.She took 47% of the votes, against 25% for her main rival, Evelyn Matthei, a former Labour minister in the centre-right government of Sebastian Pinera. A second round of voting will take place on 15 December.
Venezuela's legislature gave initial backing this week to a measure granting extraordinary powers over the economy to President Nicolas Maduro, which means next Tuesday, when the second vote, he will be able to govern by decree without having to seek parliamentary approval.