Politics

• Saturday, June 23rd 2012 - 03:25 UTC

  Mercosur/Unasur anticipate “appropriate measures” against coup in Paraguay

  

  President Cristina Fernández assured on Friday night that “Argentina does not condone the coup in Paraguay” and anticipated that “appropriate measures” will be taken at next week’s Mercosur Summit, scheduled to take place in Mendoza.

• Friday, June 22nd 2012 - 22:41 UTC

  Hot air about the Falkland Islands reaches the UN

  

  By John J. Metzler (*) At the time of the 1982 invasion, Argentina was run by a military junta who unwisely played the nationalism card and seized the islands 300 miles off the coast of South America.

• Friday, June 22nd 2012 - 21:59 UTC

  “Institutional coup” removes Paraguayan president Lugo from office

  

  Paraguayan president Fernando Lugo was removed from office on Friday at 18:30 hours following an impeachment vote in the Senate where the motion was supported by 39 votes, four against and two absent.

• Friday, June 22nd 2012 - 08:31 UTC

  Premier Wen Jibao will address China-Latam relations at a conference in ECLAC

  

  Premier of China, Wen Jiabao, will visit the headquarters of the UN Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile, on Tuesday 26 June to deliver a lecture.

• Friday, June 22nd 2012 - 08:27 UTC

  Canadian company still interested in recapitalization of Uruguay’s national airline

  

  Chorus Aviation Inc. says it is working with the Uruguayan government on the recapitalization of the country’s flag carrier Pluna, just days after the Canadian company said it won't invest more money to bail out the airline.

• Friday, June 22nd 2012 - 07:58 UTC

  Brazil’s Bovespa monopoly on the line as government considers boosting competition

  

  Brazil’s stock exchange Bovespa is facing a loss in market share estimated at as much as 30% by HSBC Holdings Plc and Banco Itau BBA SA as the nation considers boosting competition among trading platforms.

• Friday, June 22nd 2012 - 07:55 UTC

  Brazil and China sign 30bn dollars swap to boost trade and better weather global turbulence

  

  Brazil and China will sign an agreement in the coming weeks to swap as much as 30 billion in their two currencies, Brazil Finance Minister Guido Mantega said.

• Friday, June 22nd 2012 - 07:46 UTC

  Credit Suisse’s Brazil growth forecast of 1.5% this year “a joke” said Mantega

  

  Finance minister Guido Mantega said the latest release from investment bank Credit Suisse forecasting Brazil’s 2012 GDP growth at 1.5%, was “a joke”.

• Friday, June 22nd 2012 - 07:39 UTC

  Political deal in Germany on the ESM; mini summit in Rome to rescue Spain

  

  The German government and opposition reached on Thursday a deal that will allow parliament to approve the European Stability Mechanism, ESM, next week, but Germany's top court may delay the rescue fund's start date, saying it needed time to study the treaty.

• Friday, June 22nd 2012 - 07:36 UTC

  Spanish banks need 62bn Euros; full bail-out of the country in the drawing board

  

  Spain's medium-term borrowing costs spiralled to a Euro-era record on Thursday and independent auditors said Spanish banks may need up to 62 billion Euros in extra capital, to be filled mostly by a Euro zone bailout.