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Venezuela’s Congress declares ‘petro’ cryptocurrency illegal

January, 9 2018 (Reuters) CARACAS (Reuters) - Venezuela’s opposition-run parliament on Tuesday outlawed a “petro” cryptocurrency promoted by socialist President Nicolas Maduro, calling it an effort to illegally mortgage the cash-strapped country’s oil reserves. Maduro on Friday said his government would issue nearly $6 billion of petros as a way to raise hard currency and [...]

Mexico’s interior minister steps down

January, 10 2018 (Reuters) MEXICO CITY (Reuters) - Mexican Interior Minister Miguel Angel Osorio Chong said on Wednesday he was stepping down from his post in which he oversaw government responsibilities including security, migration and human rights. Osorio Chong made the announcement, which had been widely expected, at a speech in Mexico City attended by [...]

Colombia recalls peace negotiators after ELN attacks

January, 11 2018 (BBC) Colombian President Juan Manual Santos has recalled the head of his negotiating team from peace talks with the National Liberation Army (ELN). A fresh round of peace negotiations was due to start on Wednesday in the Ecuadorean capital, Quito. But after the rebels carried out attacks on an oil pipeline and [...]

Release of FARC Leader Who Kidnapped 12 Congressmen Causes Stir in Colombia

January, 4 2018 (Panampost) A judge has ordered the conditional release of Martin Leonel Pérez Castro, the former head of the 30th front of the Revolutionary Armed Forces of Colombia (FARC). He is responsible for leading a 2002 kidnapping of members of the Valledel Cauca parliament. Officials in the United States have called for his [...]

Panama extradites former Mexican governor accused of corruption

January, 4 2018 (Reuters) PANAMA CITY (Reuters) – A former state governor for Mexico’s ruling Institutional Revolutionary Party (PRI) was extradited on Thursday from Panama to Mexico, where he faces corruption charges, Mexico’s attorney general’s office and secretary of external relations said in a statement. Roberto Borge, who governed the touristy state of Quintana Roo [...]

Petrobras pays $2.95bn to settle US class action

January, 3 2018 (BBC) The Brazilian state oil company, Petrobras, has agreed to pay almost $3bn (£2.18bn) to settle a class action suit in the United States. The case was brought by investors who said their holdings were damaged by a corruption scandal facing the firm. Former Petrobras executives are accused of accepting bribes from [...]

Brazil prison riot: Dozens on the run after deadly clashes

January, 2 2018 (BBC) Police in Brazil say 77 inmates are on the run after escaping amid a riot at a jail in the central state of Goias. The authorities say nine prisoners were killed and 14 injured when a group of armed inmates invaded a wing controlled by a rival gang. One of the [...]

Angry Venezuelans take to streets for ‘pork revolution’ protests

December, 29 2017 (CNN) President Nicolas Maduro has accused Portugal of being behind a pork shortage that left thousands of Venezuela’s poor without their traditional Christmas dinner and sparked a fresh round of angry street protests. On Wednesday Maduro announced he had been unable to distribute thousands of pork hind legs to the poorest neighborhoods [...]

Argentine prosecutor’s death ruled a murder

December 21 2017 (CNN) An Argentine prosecutor who accused top government officials of a cover-up in the country’s deadliest terror attack was murdered, a federal judge said Tuesday. The ruling marks the first time a judge has called the death of public prosecutor Alberto Nisman a murder, in a case that has been rife with [...]

Peru’s ex-leader Fujimori asks for forgiveness amid heated protests

December, 26 2017 (CNN) Confined to a hospital bed with tubes hooked up to his body, Peruvian ex-President Alberto Fujimori thanked the current leader for commuting his prison sentence — and asked for forgiveness from those he upset. Fujimori was serving a 25-year prison sentence for human rights abuses when the current President pardoned him [...]

Colombia cement cartel receives $68 million fine after price fixing scandal

December, 12 2017 (Colombia Reports) Colombia’s largest cement company and two multinationals were slapped a $68 million fine on Tuesday after regulators found Cementos Argos, Cemex and Holcim guilty of price fixing. The three companies make up 98% of the market and agreed to fix the price of cement between 2010 and 2012, according to [...]

Venezuela to start criminal probe into ex-oil czar Ramirez

December, 12 2017 (Reuters) CARACAS (Reuters) - Venezuela said on Tuesday it would start a criminal investigation into powerful former oil czar Rafael Ramirez, in an escalation of a purge of alleged corruption that has resulted in the arrest of dozens of oil executives. President Nicolas Maduro and Ramirez have long been rivals in the [...]