Politics

Tuesday, November 19th 2013 - 09:08 UTC
US government sides with Repsol in the YPF assets seizure with Argentina

United States sided with Spain's Repsol position in the dispute over the seizure of a majority stake in YPF by the administration of Argentine President Cristina Fernandez last year, a dispute which remains unresolved over compensation for the assets.
Tuesday, November 19th 2013 - 08:55 UTC
Kerry declares the Monroe Doctrine dead: “we are equals sharing responsibilities”

US Secretary of State John Kerry on Monday declared that a nearly 200-year-old policy which had governed Washington's relations with Latin America was finally dead. Known as the Monroe Doctrine after it was adopted in 1823 by former US president James Monroe, the policy had stated that any efforts by European countries to colonize land in North or South America would be views as aggressive acts and could require US intervention.
Tuesday, November 19th 2013 - 08:43 UTC
Argentina vs. hedge funds: Appeals court latest ruling opens the way to the US Supreme Court

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.
Tuesday, November 19th 2013 - 07:34 UTC
The Lady, without mourning, is back to run the show: “Hi, how are all of you?”

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?”
Tuesday, November 19th 2013 - 07:22 UTC
Cristina Fernandez reshuffles cabinet and names new economic team

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.
Tuesday, November 19th 2013 - 00:24 UTC
Falklands established national minimum wage and legislation: £ 5.05 per hour

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).
Monday, November 18th 2013 - 22:25 UTC
Argentina's annual economic activity grew 4.7% in September, says Indec

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%.
Monday, November 18th 2013 - 22:06 UTC
Chilean leaders of the massive student protests elected to Congress

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.
Monday, November 18th 2013 - 18:33 UTC
Astori forecasts Uruguay's inflation in the range of 3 to 7% in the next two years

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.
Monday, November 18th 2013 - 17:51 UTC
Two ladies in the runoff for Chile's presidency, but Pinochet's legacy is still around

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.