Paraguay's senate on Friday impeached President Santiago Pena, removing him from the presidency after his administration crumbled on Thursday because of a banking crisis.

Paraguay's congress has taken a hard line against embattled President Santiago Pena, whose presidency crumbled on Thursday because of a banking crisis.

Iran is increasing pressure on shipping out of the Mideast Gulf by escalating the physical, and potentially financial, risks associated with transiting the strait of Hormuz, with deadly consequences.

Colombian oil producers are concerned about domestic capital for oil and natural gas moving away from domestic projects in favor of newly accessible Venezuelan plays, driving competition for equipment ...

Venezuela's inflation eased to a monthly 6.2pc in October, a third month of slowing price gains. The consumer price index (CPI) eased from 8.4pc in September and 8.9pc in August from 19.9pc in July, ...