South America

The US is behind the current drop in oil prices – Bolivia”s president
The US is behind the current drop in oil prices as it is aiming to undermine the economies of large petroleum producers Russia and Venezuela, Bolivian President Evo Morales told RT. In his interview with RT’s Spanish-language channel, Morales said that it’s was “a pity” that Washington remains on a “wrong course” by continuing to use sanctions against its political rivals. [...]
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‘World’s poorest president’ gets $1mn offer for old VW Beetle
An Arab sheikh seems to think the 'world's poorest president,' Uruguay's Jose Mujica, is in dire need of cash. He's offered $1 million for Mujica's iconic 1987 VW Beetle - but the pot-smoking leader says he will donate the money to the homeless instead. “I didn’t give it any importance,” the humble ex-guerilla leader told a news conference, after the Uruguayan weekly Busqueda broke the st [...]
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Argentina to get $1bn in currency swap with China before end of 2014
Argentina will receive the first tranche of yuan worth up to $1 billion in a massive currency swap with China before the end of this year. The deal will boost the troubled economy's foreign reserves. It comes as part of a loan worth $11 billion signed in July by Argentina's President Cristina Fernandez de Kirchner and Chinese counterpart Xi Jinping during hisLatin America tour- shortly before t [...]
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US pressures El Salvador to buy Monsanto’s GMO seeds
As one of the preconditions to authorizing close to $300 million in aid, the United States is pressuring El Salvador to purchase genetically modified seeds from Monsanto instead of non-GM seeds from local farmers. According to Sustainable Pulse, a website covering developments related to genetically modified organisms and sustainable agriculture, the US will reportedly withhold $277 million in [...]
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US refuses to recognize UN court jurisdiction on Argentina’s debt
Washington has refused to allow the UN International Court of Justice (IJC) to hear Argentina's claims that US court decisions on the country's debt have violated Argentina's sovereignty. “We do not view the ICJ as an appropriate venue for addressing Argentina’s debt issues, and we continue to urge Argentina to engage with its creditors to resolve remaining issues with bondholders,” the U [...]
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Ecuador: We don’t need permission to trade with Russia
Ecuador doesn't need anybody's permission to export agricultural products to Russia, which now has a big gap that needs to be filled after it banned supplies from a number of western countries, said President Rafael Correa. “I want to immediately say that we don’t need to get anybody’s permission to sell products to friendly countries: as far as we know Latin America isn’t a part of the [...]
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Argentina to Host Russian Military Bases While America Sleeps | Defenceradar News
Argentina, South America's second largest country, has agreed to host Russian military bases on the South American continent. Long a political ally of militant Islam, Argentina seeks to bring economic relief to the region. Argentina, and its close ally, Venezuela, have long been on friendly terms with Iran and this latest move opens the door... [...]
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Argentina files legal action against the US at The Hague over debt default
Argentina asks the international court of justice to act over an alleged breach of its sovereignty after hedge funds dispute. Argentina has asked the international court of justice (ICJ) in The Hague to take action against the United States over an alleged breach of its sovereignty as it defaulted on its debt. [...]
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Russia’s import ban means big business for Latin America
Russia's 1-year ban on food products from the EU, US, Canada, and Norway will force Russia to increase food imports from Latin America, specifically Ecuador, Brazil, Chile, and Argentina. Russia will ban meat, dairy, fruit, and vegetable imports from countries that have imposed sanctions on Russia over the Ukraine conflict, which opens the door to Russia’s partners on the other side of the wo [...]
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Bolivia declares Israel “terrorist state”, scraps visa exemption agreement
Bolivia has declared Israel to be a "terrorist state" and renounced a visa exemption agreement with the country in protest over the ongoing Israeli military offense in Gaza which already killed more than 1,300 dead and left over 7,000 wounded. Canceling the 1972 agreement which allowed Israelis to travel freely to Bolivia “means, in other words, we are declaring (Israel) a terrorist state,” [...]
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Putin’s L.America ‘big tour’, deals done
A six-day tour by Russian President Vladimir Putin to Latin America ended with a long anticipated creation of the BRICS bank and the signing of energy agreements, as Russia looks to build alliances to counter Western influence. The Latin America tour started with the visit to Cuba, where Putin signed a new agreement on oil exploration in Caribbean waters which contain most of the estimated 124 mil [...]
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Brazil hands over World Cup to Russia at Rio’s Maracana Stadium
Brazilian President Dilma Rousseff symbolically handed over the World Cup to her Russian counterpart Vladimir Putin on Sunday, as Russia is set to host the 2018 tournament. The two were joined by FIFA president Sepp Blatter. The ceremony took place inside Maracana Stadium before the Germany-Argentina final in Rio de Janeiro. [...]
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Germany wins World Cup after 1-0 victory over Argentina
Germany has claimed a fourth World Cup crown in a 1-0 win against Argentina after extra time in the final in Rio de Janeiro. Substitute Mario Goetze was the hero, as he scored the only goal with seven minutes to go. With that triumph Germany has become the first European nation to win the trophy outside of their home continent, which led to jubilant scenes both on the pitch and back home, with mil [...]
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Shanghai favourite to become BRICS bank HQ
Shanghai is considered to be the frontrunner between Russia, China, India and South Africa to become home to the new BRICS bank, media reports. The bank is an attempt by emerging economies to challenge the US-based global lending institutions. Four of the BRICS countries – China, Russia, India and South Africa [...]
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Tear gas, stun grenades: Brazilian police disperse protesters hours before WC opener
Brazilian police have used teargas and stun grenades in San Paolo clashing with about 200 protesters angry with the govt overspending on the 2014 FIFA World Cup. This occurred hours before the tournament'€™s opening game to be held in the city. [...]
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Eastern energy pivot threatens the US dollar
The "€œPower of Siberia"€ is much more than a 30 year Sino-Russian gas/pipeline deal. Paying for the process accelerates the vogue to reduce dollar pricing. That, not the energy supply, will become the most acute threat to US economic hegemony. [...]
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€‹Brazil looks to ban Monsanto’€™s Roundup, other toxicity risks
Brazil'€™s public prosecutor wants to suspend use of glyphosate, the active ingredient in Monsanto’s pervasive herbicide Roundup. A recent study suggested glyphosate may be linked to a fatal kidney disease that has affected poor farming regions worldwide. [...]
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Sanctions effect: Russia to change its economic partners… for the better
Western sanctions might push Russia to deepen cooperation with BRICS states, in particular, to strengthen its ties with China, which will possibly turn out to be a big catastrophe for the US and the EU some time later. On March 18, the spokesperson for the Kremlin, Dmitry Peskov, claimed in a BBC interview that Russia would switch to new partners in case of economic sanctions being imposed by the [...]
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Monsanto seed plant construction halted in Argentina
A labor appeals court in north-central Argentina ruled that the construction of a Monsanto plant is unconstitutional, halting work on the site. The three judge court ruled 2-1 in favor of the activists who filed a legal appeal against Monsanto’s GMO seed plant on environmental protection grounds in the municipality of Malvinas Argentinas, located in central Cordoba Province. [...]
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Uruguay legalizes sale and production of marijuana
Uruguay has become the first country in the world to legalize both the sale and production of marijuana. President Jose Mujica has championed the measure as a way of combatting the illegal drug industry that has decimated parts of Uruguay. [...]
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White House: NSA intelligence-gathering may require additional constraints
The White House says the controversial intelligence gathering procedures that have attracted international scrutiny in recent months may require "€œadditional constraints." Jay Carney, the White House press secretary, made the remark during a scheduled Monday afternoon briefing on the heels of the latest revelations made possible through the unauthorized [...]
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Brazilian president: US surveillance a “breach of international law”
Dilma Rousseff's scathing speech to UN general assembly the most serious diplomatic fallout over revelations of US spying. She launched a blistering attack on US espionage at the UN general assembly, accusing the NSA of violating international law by its indiscriminate collection of personal information of Brazilian citizens and economic espionage targeted on the country's strategic industries. [...]
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