Experts tell us the North American shale oil boom is responsible for low prices despite Middle East unrest. But the price slump serves Western aims of weakening Russia and Iran.
He put millions in Swiss bank accounts when he was a low-paid official and his brother was president, but the courts have ruled there's not enough evidence of corruption.
Three leaders of Peru's Shining Path guerrilla movement, two still at large, were indicted in a US district court in New York on charges of "narco-terrorism conspiracy."
Following a shake-up in the military high command, the Peruvian blogosphere is abuzz with rumors of an imminent coup d'etat against President Ollanta Humala.
Mexico’s most notorious kingpin, Rafael Caro Quintero, was released from Puente Grande federal prison in Jalisco where he had been incarcerated for the past 28 years.
Peru’s high court sentenced “Comrade Artemio,” one of the last “historic” leaders of the Shining Path guerilla movement, to life in prison on terrorism and drug trafficking charges.
A suspected drug trafficker was killed in the first DEA-backed drug raid in Honduras following a five-month suspension in radar intelligence sharing between the countries.
A Brooklyn businessman was freed from prison in Bolivia on money-laundering charges after he accused authorities of extorting him and illegally seizing his goods.
“It is shocking how the debate over gun control in the wake of the Newtown massacre has avoided mentioning gun violence south of the border”: UNAM professor John M. Ackerman.
HSBC, Europe’s largest bank, will pay the US government $1.92 billion in fines for its failure to prevent the laundering of drug money—but no one will face criminal charges.
The US Justice Department has frozen the assets of mineral companies owned by Peru’s Sánchez-Paredes family, finding that they are fronts for cocaine trafficking.
Two US Congress members say there’s evidence that Wal-Mart Stores didn’t take legally required steps to prevent money laundering and tax evasion through its Mexican subsidiary.