Politics

Tuesday, July 17th 2012 - 19:27 UTC
HSBC grilled in US Senate for lax controls enabling billions of money laundering

The CEO of the U.S. division of the big international bank HSBC is apologizing for lax controls that lawmakers say allowed Mexican drug cartels to launder billions of dollars through the US operation and many other illicit transactions for years.
Tuesday, July 17th 2012 - 19:21 UTC
YPF contracting “outstanding professionals” to develop technology department

Argentina’s nationalized oil and gas corporation YPF announced the incorporation to its staff of two “outstanding professionals” for its technology department, Bernard Gremillet and Gustavo Bianchi, which at some time belonged to the company but had left for personal reasons.
Tuesday, July 17th 2012 - 18:27 UTC
MEP's surprised at Mercosur and Unasur drastic decisions on Paraguay

The European lawmakers’ delegation said it was surprised with the drastic and quick determinations, with no right to defence or appeal, decided against Paraguay by Mercosur and Unasur, said Paraguayan Foreign Minister Jose Felix Fernandez Estigarribia, following a meeting in Asuncion with the visiting MEPs.
Tuesday, July 17th 2012 - 04:55 UTC
Premier Oil Falklands’ deal has full support from Foreign Office and markets

Britain's Premier Oil which reached a 1 billion dollars deal to farm in and develop Rockhopper Exploration oil and gas discoveries in the Falkland Islands took advice from the Foreign Office before closing the deal, according to UK media.
Tuesday, July 17th 2012 - 04:51 UTC
Argentina warns UK company over involvement in Falklands’ oil production

Argentina will take legal actions against Britain's Premier Oil after the company agreed to invest 1 billion dollars to help develop an oil field off the disputed Falkland Islands, Argentina's Foreign Ministry said on Monday.
Tuesday, July 17th 2012 - 04:47 UTC
Moyano says unions will have their own stats office to keep track of inflation

Argentina’s organized labour CGT leader Hugo Moyano began on Monday his new term at the helm of the umbrella union organization and once again targeted the government of President Cristina Fernandez promising to set up his own Indec (stats office) to measure inflation.
Tuesday, July 17th 2012 - 04:42 UTC
As the dollar clamp tightens in Argentina, the greenback traded at 6.31 Pesos

The US dollar in Argentina soared on Monday and was trading in the “blue” or parallel market at 6.31 Pesos considerable higher than last Friday. The official rate climbed a modest half cent to 4.53 and 4.575 Pesos.
Tuesday, July 17th 2012 - 01:38 UTC
Top Uruguayan university dumps Dean on homosexual ‘anomaly’ controversy

The University of Montevideo accepted the resignation of who had been nominated as Dean following the controversy triggered when in an interview she described homosexuality as an “anomaly” and added this condition “hampers” teaching staff contracting.
Monday, July 16th 2012 - 19:39 UTC
Argentina celebrates second anniversary of same-sex marriage bill

A law giving gay and lesbian couples the right to marry in Argentina celebrated its second anniversary over the weekend. Argentina became the first Latin American country to legalize gay marriage after President Christina Fernandez signed the law on July 21, 2010.
Monday, July 16th 2012 - 19:19 UTC
Brazil loosing influence in South America to Venezuela, claims former president

Former Brazilian president Fernando Enrique Cardoso said that his country is rapidly loosing influence in South America to Venezuela, following on remarks about the suspension of Paraguay from Mercosur.