Brazil is pursuing a multimillion-dollar program to revive and modernize its precision strike technologies with the aim of developing rockets and missiles both for domestic military use and exports.
Brazil’s Attorney General said the country’s judiciary will investigate allegations that former President Lula da Silva took part in the cash-for-votes scheme that toppled several of his closest aides.
Ecuador's central bank president, Pedro Delgado, resigned on Wednesday after admitting that he did not hold a university degree in economics.
Argentine Justice Minister Julio Alak announced the government presented the “per saltum” recourse before the Supreme Court as it seeks to put an end to the case over the constitutionality of the Media Law’s divestment article.
The Argentine Navy flagship ARA Libertad set sail for Mar del Plata on Wednesday four days after a UN court ordered its release from the Tema port in Accra, Ghana, following a 77 day embargo (since 2 October) due to a claim by vulture fund NML Capital.
Swiss banking giant UBS has agreed to pay 1.5bn dollars to US, UK and Swiss regulators for attempting to manipulate the Libor inter-bank lending rate. It becomes the second major bank to be fined over Libor after Barclays was ordered to pay 450m to UK and US authorities in the summer.
A combined operation involving police forces from Peru, Spain, US Secret Service and Europol dismantled on Wednesday a counterfeit banknote print shop in Lima and arrested one suspect.
US President Barack Obama was named TIME Person of the Year for 2012, citing his historic re-election last month as symbolic of the nation's changing demographics amid the backdrop of high unemployment and other challenges.
Brazilian president Dilma Rousseff is planning to visit Mexico in early 2013 taking advantage of the good chemistry with the new leader Enrique Peña Nieto, and with the purpose of re-launching the deteriorated relations between the two main economies of Latinamerica.
Argentine media group Clarin SA was granted temporary relief on Tuesday from the government's effort to implement a media law that would force the conglomerate to sell some of its most profitable assets.