Politics

Monday, April 22nd 2013 - 08:06 UTC
Berlusconi master-minds right-left agreement in support of President Napolitano’s re-election

The leader of Italy's anti-establishment 5-Star Movement, Beppe Grillo, criticised the re-election of President Giorgio Napolitano as a desperate attempt to retain power by a discredited establishment.
Monday, April 22nd 2013 - 07:49 UTC
Cartes invites the opposition to work with him and sends message to Brazil

In his victory speech Paraguay president-elect Horacio Cartes said he expects to win the confidence of all the Paraguayan population and called on the opposition to work for the good of the nation. He also had a direct reference to the neighbouring giant saying he wanted to work with Brazil, a ‘brother-country’.
Monday, April 22nd 2013 - 07:43 UTC
Mathematician will be responsible for putting Venezuelan inflation back on its feet

President Nicolas Maduro replaced Venezuelan Finance Minister Jorge Giordani, appointing central bank chief Nelson Merentes in his place two days after being sworn in as Hugo Chavez's successor.
Monday, April 22nd 2013 - 07:26 UTC
Cartes, a self-made millionaire who has pledged to transform Paraguay

President-elect Horacio Cartes is one of Paraguay's wealthiest men with businesses in tobacco, finance, farming, retail and the soft drinks industry among others. Brash and ambitious, Cartes had never voted before joining the conservative Colorado Party in 2009.
Monday, April 22nd 2013 - 06:40 UTC
Cristina Fernandez and Mujica tell Cartes, Mercosur ‘is waiting for the return of Paraguay’

Argentine president Cristina Fernandez congratulated Paraguayan president-elect Horacio Cartes for his ample victory in Sunday’s election and said Mercosur was waiting for the return of the country to the trade block.
Monday, April 22nd 2013 - 06:34 UTC
Paraguay’s Colorados back in office; opposition admits defeat; observers praise election process

Millionaire businessman Horacio Cartes won Paraguay's Sunday presidential election, returning the powerful centre-right Colorado Party to power after a brief spell started in 2008 ended in impeachment last year. Cartes won with a 9 or 10 percentage point lead over Efrain Alegre of the ruling Liberal Party, the head of the country's electoral tribunal said.
Saturday, April 20th 2013 - 09:07 UTC
Uruguay investing hundreds of millions to support the US dollar and exports edge

Uruguay’ financial and political stability is backfiring as the Central bank is forced to buy a massive inflow of foreign capital which in turn creates an abundance of Pesos that need to be absorbed to control inflation and support the competitive edge of the country’s exports.
Saturday, April 20th 2013 - 08:56 UTC
Fitch trims UK top credit rating on weaker economy and fiscal outlook

Britain's credit standing took a further blow when Fitch Ratings became the second major international agency to strip the country of its top-notch credit rating. The move is an embarrassment for the Conservative-led government which promised to protect the country's rating when it took power in 2010, and will heighten the debate about whether austerity is still the right approach.
Saturday, April 20th 2013 - 08:48 UTC
Gibraltar will commemorate, not celebrate the 300 year of the Treaty of Utrecht

Gibraltar will commemorate, not celebrate the 300 year old Treaty of Utrecht this year, Chief Minister Fabian Picardo, told members of the Fabian Society in London earlier this week. The treaty refers to the cession in perpetuity by Spain to the British Crown of Gibraltar in 1713 under Article X of the agreement which put an end to the War of Spanish Succession (1701/1714)
Saturday, April 20th 2013 - 08:32 UTC
Argentines expecting inflation above 30% for the next twelve months

Argentines are expecting an inflation of 34.2% in the coming twelve months according to the average from a monthly report released by a prestigious private university research centre based on surveys,