Argentine central bank international reserves dropped 17% since the government of President Cristina Fernandez imposed the ‘dollar clamp`, first limiting operations in the US currency and later savings in greenbacks. While this happened in Argentina in other regional central banks, international reserves kept climbing, according to a report from consultants Economia&Regiones (E&R).
A Uruguayan rural school teacher who suffered the consequences of agro-toxics spraying from neighbouring soybean crops has won a civil court demand against the fumigation company. The court ruled that Agronegocios del Plata, ADP, must compensate Silvia Nobelasco the equivalent to 6.800 dollars.
A liberal abortion law in Uruguay withstood a challenge Sunday as Uruguayan opponents failed to attract enough votes in a consultation ballot to force a national referendum on repealing it.
By Thomas Richardson - Google has reached a settlement with regulators of the European Union after antitrust charges were levied against the company. The EU accused Google of selectively displaying results based on its preferences. Google, which owns a virtual monopoly on Internet queries in Europe, is also accused of favouring the use of its own products in search results, which has drawn complaints from competitors, and the attention of regulators.
Joaquim Barbosa the black magistrate from Brazil’s Supreme Court and who won national acknowledgement as inflexible with corruption cases has become the preferred candidate for 2014 presidential elections by the thousands of protestors who took to the streets these last two weeks.
An overwhelming majority of Brazilians, 75% supports the two weeks street demonstrations demanding improved public services and complaining about the huge sums invested in stadiums for football world cups, according to a public opinion poll from Ibope and which was released in the latest edition of the weekly magazine Epoca.
Ecuador's foreign minister said his country was analyzing a request for asylum by fugitive US intelligence whistleblower Edward Snowden who is currently in Moscow
Following a request made by Nobel Peace Prize winner Adolfo Pérez Esquivel, Pope Francis is scheduled to meet on Monday with Félix Díaz, the chief of the La Primavera Qom indigenous community from northern Argentina.
The Bank for International Settlements (BIS) says banks have done their bit to help economic recovery and governments must do more. The Basel bases organization, known as the central banks' central bank says it is time for them to stop pumping funds into their economies.
Europe failed to agree on how to share the cost of bank collapses, as Germany resisted attempts by France to water down rules designed to spare taxpayers in future crises.