Political News


The Brazilian prosecutor general decision to charge President Michel Temer with corruption late last night weighed on exchange-traded funds related to the country in a heavier way than on the Brazilian benchmark stock index, Ibovespa. According to the charges, Temer was the final recipient of a R$ 500,000 (US$ 150,000) weekly graft payment promised by JBS.

Argentina and Chile are negotiating a trade agreement aimed to provide greater security to economic operators and development opportunities for entrepreneurs in both countries. Buenos Aires and Santiago are currently in the third round of negotiations.

The Brazilian attorney-general office will have until Monday to decide if there is enough evidence to charge President Michel Temer of corruption, according to a Supreme Court decision. The federal police said in a report published this week that there is enough evidence showing that Temer received bribery payments from Joesley Batista, one of the owners of the Brazilian meatpacker JBS.

The latest data about Argentina's Gross Domestic Product shows that the Argentinean economy is doing well and that the severe effects of adjustments implemented by the Mauricio Macri administration are finally diminishing. However, Wells Fargo points out that the October's legislative elections threaten to disrupt Macri's reforms.

Peru's Minister of Economy and Finance Alfredo Thorne stepped down yesterday after losing a confidence vote in Congress. Lawmakers voted on the issue after a recording showed Thorne pressuring the country's comptroller, Edgar Alarcon, to approve the construction of a new airport in Cuzco.

Colombia's National Liberation Army said through its official Twitter account that Dutch journalists Derk Bolt, 52, and Eugenio Follender, 68, both kidnapped by the guerrillas last weekend, are in good health and will be released soon.

While the United Kingdom's exit from the European Union is an "unfortunate" event, it presents several opportunities to strengthen the latter and also location benefits to Frankfurt, the German Finance Ministry said Thursday. The Brexit offers "an opportunity to strengthen Germany as a business location...

Colombian President Juan Manuel Santos said today that the Revolutionary Armed Forces of Colombia's (FARC) disarmament would end on June 27.

Three people died, and nine were injured in a bomb explosion occurred on Saturday in a women's bathroom in Centro Comercial Andino, a shopping mall in the northern part of the Colombian capital Bogotá.

French President Emmanuel Macron's party has won a clear parliamentary majority, weeks after his own presidential victory. With nearly all votes counted, his La République en Marche, alongside its MoDem allies, won more than 300 seats in the 577-seat National Assembly. The party was formed just...

After spearheading a judicial offensive to cancel Dilma Rousseff and Michel Temer victory in the 2014 presidential race, the Brazilian Social Democracy Party decided to keep its current alliance with Temer's government "to favor political and economic stability."

Chile's President Michelle Bachelet sent to Congress today a bill proposing amendments to the General Banking Law. The bill aims to enable banks to finance their activities with a greater ratio of own resources and to increase the quality of capital.

The leader of the Revolutionary Armed Forces of Colombia (FARC), Rodrigo Londoño, a.k.a Timochenko, said in a statement that the guerrillas completed the delivery of 30% of their weapons as part of the peace agreement signed with the Colombian government.

German Chancellor Angela Merkel stressed during a state visit that Germany is an important partner for Argentina and expressed its will to promote the alliance between Mercosur and the European Union (EU).

Follow RTT