Politics

• Wednesday, July 10th 2013 - 06:01 UTC

  Storm clouds ahead for Chilean economy as world copper prices continue to fall

  

  Chile cut its copper output forecast for the year to 5.53 million tons due to setbacks at certain mines, though production is still expected to jump from 2012 as a new deposit comes online, the mining ministry said this week.

• Wednesday, July 10th 2013 - 05:57 UTC

  Global Euro use slips in 2012; Dollar remains king; Canada and Australian currencies emerge

  

  International use of the Euro slipped last year because of the debt crisis in Europe, but the US dollar held its own as the world’s leading currency for reserves held by central banks, according to the European Central Bank.

• Wednesday, July 10th 2013 - 05:50 UTC

  NYSE takes control of LIBOR setting, following collusion from leading banks

  

  The owner of the New York Stock Exchange is set to take control of a key scandal-hit bank interest rate. NYSE Euronext has won the contract for setting the London Inter-bank Offered Rate (Libor), a government-backed committee announced. Libor is used to set trillions of dollars of financial contracts.

• Wednesday, July 10th 2013 - 05:45 UTC

  Brazil decides exhumation of ex-president Goulart, believed to have been poisoned by the military regime

  

  Brazilian authorities decided the exhumation of former president Joao Goulart remains to determine whether he was poisoned as part of the Plan Condor implemented by the Southern Cone military regimes to eliminate opponents during the seventies and eighties.

• Wednesday, July 10th 2013 - 05:42 UTC

  Chile inflation spikes in June but ends in the first half year at 1.9%

  

  Chile's consumer inflation was up 0.6% in June, the biggest increase in eight months and slightly above expectations as costs jumped for accommodation, electricity, fuel products and water, the government said on its latest stats report.

• Wednesday, July 10th 2013 - 00:59 UTC

  Argentina plays down latest ruling from NY Appeals Court on investment funds’ litigation

  

  The order handed down on Tuesday by the Appeals Court of New York's Second Cirtcuit “does not affect the appeal” that the Argentine government is pursuing in the case against the investment funds (‘vulture funds’), according to the Argentine Economy Ministry.

• Tuesday, July 9th 2013 - 06:39 UTC

  Main organized labour leader calls on workers not to vote for CFK next October

  

  The powerful organized labour leader and former ally of the government Hugo Moyano, called on workers to vote against the administration of President Cristina Fernandez (CFK) and her candidates in the coming mid term elections of next October, during a political rally in the iconic Plaza de Mayo, downtown Buenos Aires

• Tuesday, July 9th 2013 - 06:34 UTC

  Strong letter to Cristina Fernandez for blocking AMIA case prosecutor from testifying before US congress

  

  The United States Congress sent a strong letter to Argentine president Cristina Fernandez expressing ‘disappointment’ and ‘deep concern’ over the government’s decision to deny General Prosecutor of the AMIA Case, Alberto Nisman, the opportunity to testify before the House Committee on Homeland Security’.

• Tuesday, July 9th 2013 - 06:30 UTC

  Venezuela confirms Snowden asylum application: he has to decide when

  

  Venezuelan President Nicolas Maduro said his government has received an asylum application from US intelligence leaker Edward Snowden and the fugitive must now decide if he wants to fly to Caracas.

• Tuesday, July 9th 2013 - 06:26 UTC

  Bolivia wants EU ambassadors to reveal who said Snowden was aboard Morales plane

  

  Bolivia demanded France, Portugal, Spain and Italy reveal who told them that former US spy agency contractor Edward Snowden was aboard President Evo Morales' flight from Moscow last week.