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Argentina is in contempt of US courts

On 29 September US District Judge Thomas Griesa declared Argentina in civil contempt of court because of its attempts to circumvent his order that it pay its debts owed to its ‘holdout’ creditors.

Gearing up for the second round in Brazil

Barring another game-changing event, Brazil's President Dilma Rousseff of the ruling Partido dos Trabalhadores (PT) and Marina Silva of the Partido Socialista Brasileiro (PSB) will face each other in a second round of the presidential election on 26 October. In the latest Ibope opinion poll, Rousseff is predicted to win 38% of the vote on 5 October; Silva is forecast to win 29%; and Aécio Neves of the Partido da Social Democracia Brasileira (PSDB) 19%. In a second round between Rousseff and Silva the two candidates are neck-and-neck.

The last of Humala’s strongmen exits

One of President Ollanta Humala’s longest serving cabinet ministers, Luis Miguel Castilla, resigned from the ministry of finance (MEF) on 14 September. While the official reason given was the catchall phrase, ‘personal motives’, Castilla had been under mounting pressure over the economic slowdown. There was also some suspicion that his departure was linked to yet another corruption scandal in the government.

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