Politics

Thursday, October 16th 2014 - 07:40 UTC
September inflation in Argentina: anywhere between 1.4% and 2.48%

Argentina's inflation during September reached 1.4% and accumulates 19.8% in the nine months according to the latest release from the government stats office Indec. However earlier in the week the Freedom of Expression committee from the Lower House which regularly announces the average of private analysts, (identified as the congressional index), said the consumer price index for the ninth month of the year was 2.48% and 41.6% in the last twelve months.
Thursday, October 16th 2014 - 07:30 UTC
Venezuela 'ripe' for default on foreign debt forecast Reinhart and Rogoff

Venezuela will almost certainly default on its foreign debt, according to Harvard economists Carmen Reinhart and Kenneth Rogoff. They add that the beleaguered Latin American economy has already defaulted on “every conceivable kind of domestic debt”.
Wednesday, October 15th 2014 - 23:44 UTC
Much mud-slinging but no definitive KO in Dilma/Neves first round of debates

Brazilian President Dilma Rousseff and rival presidential candidate Aecio Neves have clashed over corruption and the state of the economy in the first of a series of televised debates ahead of the second round of presidential elections. 26 October.
Wednesday, October 15th 2014 - 23:36 UTC
Brazil will rise fuel prices to help government managed debt-laden Petrobras

Brazil will maintain plans to raise domestic fuel prices this year, despite a sharp drop in international crude oil prices, to help debt-laden state-run oil company Petrobras, a government source said this week.
Wednesday, October 15th 2014 - 10:24 UTC
Open debate in the Vatican: conservative bishops disagree with “gay approach”

Conservative Roman Catholic prelates have vowed to change a controversial Vatican document that held out the possibility of a major shift in the Church's attitude towards homosexuals.
Wednesday, October 15th 2014 - 08:53 UTC
Chile convinced of the Mercosur/Pacific Alliance 'convergence' led by Brazil

Chile is confident that in coming months there will be 'significant' advances in a convergence of the Pacific Alliance and Mercosur, said Andres Rebolledo, Chile's Deputy Trade minister during a visit to Brazil.
Wednesday, October 15th 2014 - 08:28 UTC
Germany insists with a 2015 balanced budget despite slower growth forecast

German Chancellor Angela Merkel on Tuesday rejected calls for Berlin to ditch its plans for a balanced budget next year and to instead invest more in order to shore up the faltering German and Euro zone economies. On Tuesday Germany slashed its 2014 growth forecast from 1.8% to 1.2%.
Wednesday, October 15th 2014 - 07:54 UTC
Mujica running for a Senate seat, since he anticipates a weak government

Uruguay president Jose Mujica believes that the next parliament to emerge from the 26 October general election will have a difficult conformation, complicating the government's performance and that is the reason why he accepted to run for a Senate seat.
Wednesday, October 15th 2014 - 07:38 UTC
“Chile Day” in London underlines the very close links with the UK

Chilean authorities and business people opened the London Stock Exchange on Tuesday as part of the “Chile Day 2014” which is the country's foremost promotion event abroad for the financial and business sectors. UK Foreign Office Minister of State for Latin America Hugo Swire underlined that Chile in “a key partner in the region”.
Tuesday, October 14th 2014 - 16:43 UTC
IMF urges economic reforms or face brittle growth, high debt and unemployment

The world's policymakers must take economic reforms more seriously, or they could see their economies stuck in a muddle of mediocre growth with high debt and unemployment, the head of the International Monetary Fund said at the multilateral organization assembly.