01182017Wed
Last update: Wed, 18 Jan 2017 10am

South America

World - South America

Brazil's Temer plans to remove minister at centre of new scandal BRASILIA: Brazil's President Michel Temer is planning to remove from office his minister in charge of relations with Congress, Geddel Vieira Lima, after accusations he pressured another minister to favor a property investment, a presidential aide said on Friday."His departure is being negotiated. He cannot stay on," the aide told Reuters. Copyright Reuters, 2016 ...

World - South America

Venezuela crisis talks wobble, December meeting key CARACAS: Talks aimed at easing Venezuela's economic and political crisis are threatening to run off the rails and could come to a head on December 6, opposition members warned Thursday.The Vatican-backed "dialogue" aims to calm tensions as the center-right opposition demands a vote on removing Socialist President Nicolas Maduro.It blames his management for the crisis driven by falling oil prices that has caused desperate shortages of food and medicine.The opposition MUD coalition this week accused ...

World - South America

Colombia, FARC sign revised peace deal BOGOTA: Colombian President Juan Manuel Santos and FARC rebel leader Rodrigo "Timochenko" Londono signed a revised peace accord Thursday to end a half-century conflict, set to be ratified despite bitter criticism from opponents.Santos, this year's Nobel Peace Prize winner, signed the new deal alongside the leftist guerrillas' commander in a low-key ceremony in Bogota, after Colombians voting in a referendum last month rejected an initial accord criticized as too soft on the FARC.The new deal ...

World - South America

Brazil Senate votes to extend asset repatriation amnesty BRASILIA: Brazil's Senate has approved an extension of a program allowing Brazilians to repatriate undeclared off-shore assets that collected 46.8 billion reais ($13.8 billion) in taxes and fines for the country's cash-strapped government.The bill passed by the Senate late on Wednesday would reopen the repatriation window for another 120 days next year and is expected to win approval from the lower chamber before the end of the year as it would give debt-ridden state and ...

World - South America

Consumer confidence in Brazil falls for 1st time under Temer BRASILIA: Consumer confidence in Brazil fell in November for the first time since President Michel Temer took office in May as hopes of a quicker exit from recession were frustrated. The Getulio Vargas Foundation (FGV) index of consumer confidence released on Thursday fell to 79.1 in November from a near two-year high of 82.4 in October. The dip in consumer confidence is a setback for Temer, who had hoped a faster economic recovery would boost ...

World - South America

Peru slams UN agency for hiring former first lady under investigation LIMA: Peru rebuked the United Nations Food and Agriculture Organization on Wednesday for hiring former first lady Nadine Heredia as a Geneva-based director while she is a suspect in a money laundering inquiry. The South American country's Foreign Affairs Ministry issued a statement expressing its "displeasure and protest" over the appointment, which comes amid allegations by public prosecutors that Heredia and her husband, former president Ollanta Humala, took illicit funds from the government of Venezuela ...

World - South America

China defends Asia-Pacific trade after Trump threat SANTIAGO: China's President Xi Jinping vowed to strengthen world trade in the face of US President-elect Donald Trump's threat to pull out of a key trans-Pacific accord.Speaking on a visit to Chile on Tuesday, he vowed to "push to build an Asia-Pacific free-trade zone and an open world economy."Trump on Monday vowed to withdraw the United States from the Trans-Pacific Partnership (TPP) trade pact on his first day in the White House.On the last stop ...