Brazil summons Uruguay ambassador as Mercosur tensions rise
- Consumer staples stocks help Wall St. pare some losses
- BAT Reaches Deal to Acquire Reynolds American (RAI) for $49 Billion
- Verizon Communications (VZ) May Acquire Big Cable Company - NYP (CHTR) (CMCSA)
- Citron Research Negative on Lannett (LCI); Sees Shares at 'Zero' Over Long Term
- Einhorn's Greenlight Mentions Caterpillar (CAT) Short in Q4 Letter; Doesn't See Disney (DIS) Buying Netflix (NFLX)
Uruguay's Foreign Minister Rodolfo Nin Novoa attends a news conference after a meeting at the foreign ministry in Asuncion April 28, 2015. REUTERS/Stringer
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
By Alonso Soto
BRASILIA (Reuters) - Brazil's Foreign Ministry summoned Uruguay's ambassador on Tuesday to explain comments reportedly made by Uruguay Foreign Minister Rodolfo Nin Novoa, who accused Brazil of trying to block Venezuela from taking the presidency of the Mercosur trade bloc.
Uruguayan media reported that Nin Novoa said the Brazilian government tried to "buy" Uruguay's vote to prevent Caracas from leading the regional group that also includes Argentina and Paraguay.
"The Brazilian government received with a profound discontent and surprise the statement from Chancellor Nin Novoa," Brazil's foreign ministry said in a statement.
The leadership spat in the group has raised tensions and opened ideological fault lines in a region struggling with a drop in commodity prices and political turmoil.
Since Brazil's President Dilma Rousseff was suspended in May, her replacement Michel Temer has moved the country away from leftist allies such as Venezuela and toward traditional allies the United States and Europe.
Argentina and Paraguay, once close allies to Caracas, have also moved to undermine Venezuela as the country struggles with economic and political crises.
Rousseff and her predecessor Luiz Inacio Lula da Silva supported Venezuela's former President Hugo Chavez and his successor Nicolas Maduro, who took office when Chavez died in 2013.
(Reporting by Alonso Soto; Editing by David Gregorio)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Lawsuit over naked Missouri jail inmates is revived
- World leaders should consider reopening G7 to Russia: Italy
- In parting words, SEC's White calls for regulator to avoid political meddling
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!