Politics

• Thursday, June 5th 2014 - 06:59 UTC

  Sao Paulo metro workers declare an indefinite strike stranding 4.5m commuters

  

  Sao Paulo metro workers voted Wednesday evening an indefinite strike beginning Thursday following the collapse of salary negotiations.

• Thursday, June 5th 2014 - 06:54 UTC

  Brazil scales back levies on foreign loans to help prop the national currency

  

  The government of Brazil is cutting the tax obligations faced by business receiving foreign loans, opening the door to more financing opportunities, while helping address the problem of the falling value of the national currency, Real.

• Thursday, June 5th 2014 - 00:04 UTC

  Falklands developing strongly and with a high international community profile

  

  Falkland Islands are enjoying the benefits of a healthy well managed economy, with excellent present and future prospects in its main industries, but also face challenges such as the need for manpower, closely linked to immigration, planning for a balance between environment and oil industry, a modern government and the continued attempts by Argentina to stifle the Islands economy and block economic development.

• Wednesday, June 4th 2014 - 20:26 UTC

  Falklands' welcomes rig-contract which marks beginning of oil drilling season in first quarter of 2015

  

  The Falkland Islands Government welcomed the announcement on Thursday morning that a drilling rig has been contracted by a consortium of licensees for a new six-well program of offshore exploration and appraisal work commencing in early 2015.

• Wednesday, June 4th 2014 - 09:14 UTC

  Uruguay ready to receive Guantanamo prisoners and displaced Syrian children

  

  Uruguayan government negotiations with Washington to receive detainees from the US jail in Guantanamo base, and with the UN to host Syrian children and their families are well advanced, revealed Foreign minister Luis Almagro.

• Wednesday, June 4th 2014 - 09:03 UTC

  Timid S&P ignores Moody's and leaves Uruguay' risk rating unchanged

  

  Standard & Poor's (S&P) decided on Tuesday to maintain Uruguay's sovereign debt risk rating unchanged at the lowest investment grade BBB-, because although it has solid growth prospects, predictable policies and a favorable debt profile, the country still has limited fiscal and monetary flexibility and lives in a neighborhood experimenting 'economic stress'.

• Wednesday, June 4th 2014 - 08:58 UTC

  Mexico's Pemex sells its majority stake in Repsol over management disputes

  

  Mexico's state-owned oil giant Pemex has sold the majority of its stake in Spanish energy firm Repsol for approximately 2.2bn Euros with the intervention of Citigroup and Deutsche Bank. Pemex has been a shareholder in Repsol for more than 25 years.

• Wednesday, June 4th 2014 - 08:51 UTC

  Euro zone entering 'deflation' zone; ECB expected to boost growth

  

  Euro-zone inflation fell to 0.5% in May, down from 0.7% in April and well below the European Central Bank's 2% target. The fall means the ECB will be expected to take steps to boost growth and counter the threat of deflation when it meets on Thursday.

• Wednesday, June 4th 2014 - 08:37 UTC

  Brazilians pessimistic about the economy and benefits from the World Cup

  

  Brazilians pessimism about the future of the economy has increased considerably with just a few days left for the opening of the World Cup, according to a public opinion poll released by Pew Research.

• Wednesday, June 4th 2014 - 08:19 UTC

  Spain's Felipe VI will be proclaimed on 18 June before the two houses of Parliament

  

  Spain's crown prince will be proclaimed King Felipe VI on June 18 before Parliament in Madrid, legislative officials said Tuesday. The 46-year-old Felipe de Borbon, who currently holds the title of Prince of Asturias, will succeed his father, King Juan Carlos, who announced on Monday that he was abdicating.