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MercoPress, en Español

Montevideo, May 8th 2024 - 04:44 UTC

Stories for April 2016

  • Thursday, April 14th 2016 - 09:18 UTC

    World's largest private coal miner has filed for bankruptcy protection in the US

    “This was a difficult decision, but it is the right path forward for Peabody,” said CEO Glenn Kellow.

    Peabody Energy, the world's largest privately-owned coal miner, has filed for bankruptcy protection in the US after a sharp fall in coal prices left it unable to repay its debts. The firm said the move was aimed at reducing debt and that all its mines and offices would continue to operate.

  • Thursday, April 14th 2016 - 05:48 UTC

    US court opens the way for Argentina's return to world money markets

    Three judges on the court of appeals upheld a ruling by Judge Griesa to lift an injunction that had barred Argentina from paying its creditors

    The United States Court of Appeals paved the way on Wednesday for Argentina to raise billions of dollars to pay a group of hedge funds, bringing it one step closer to re-entering international markets for the first time in 15 years. In a ruling from the bench, three judges on the court of appeals upheld a ruling by Judge Thomas Griesa of District Court in Manhattan to lift an injunction that had barred Argentina from paying its creditors and eventually led the country to default in 2014.

  • Thursday, April 14th 2016 - 05:27 UTC

    Temer preparing to take over…”I will be ready” as Rousseff's coalition melts

    Politicians have begun to flock to the residence of the man who would replace Rousseff if she is convicted, Vice President Michel Temer to declare their support

    President Dilma Rousseff pledged on Wednesday to form a government of national unity if she survives an impeachment vote in Congress this weekend, but the odds of became steeper as allies continued to desert her. In effect a stream of defections from Rousseff's coalition makes it increasingly likely she will lose Sunday's ballot in the Lower House of Congress.

  • Thursday, April 14th 2016 - 02:50 UTC

    Cristina Fernandez back on stage; attacks Macri and his policies and the Judiciary

    ”They can put me in prison, but they can’t silence me,” said Cristina Fernández on Wednesday to a jubilant crowd that had waited most of the morning in the rain

    Argentine ex president Cristina Fernández addressed thousands of militants that rallied outside Buenos Aires City main courthouse building where earlier in the day she testifies on the dollar future probe conducted by a Federal Judge.

  • Wednesday, April 13th 2016 - 21:33 UTC

    Falklands receives visit from Central American journalists

    The group of journalists with MLA Barry Elsby and MLA Michael Poole at Gilbert House

    A group of five Central American journalists, including one from Honduras, visited the Falkland Islands to learn more about the politics, economy and life in the Islands. The invitation was made by the Falkland Islands Government (FIG) and the Foreign and Commonwealth Office (FCO) to media representatives from Panama (Diario La Prensa), Costa Rica (Diario El Extra), El Salvador (El Diario de Hoy), Belize (The Reporter Press), and Honduras (El Heraldo).

  • Wednesday, April 13th 2016 - 06:07 UTC

    Cristina Fernandez to testify on dollar/futures; supporters camping outside the courthouse in Buenos Aires

    Cristina Fernandez has been called to testify about alleged irregularities in dollar futures trading that led to losses of almost US$4 billion for the central bank.

    Hundreds of supporters are expected to cheer former Argentine President Cristina Fernandez during a court appearance on Wednesday after returning to Buenos Aires for the first time since November's election.Fernandez who governed Argentina for eight years, has been called to testify about alleged irregularities in dollar futures trading that led to losses of almost US$4 billion for the central bank. Her allies say no crime was involved and that she's being politically persecuted.

  • Wednesday, April 13th 2016 - 05:56 UTC

    Rousseff brands vice president Temer “a traitor” and ''coup plotter'' with no respect for democracy

    “If there were any doubts about my denunciation that a coup is underway, there can't be now. The coup plotters have a leader and a deputy leader,” Rousseff said

    Brazilian President Dilma Rousseff branded her vice president a traitor Tuesday, saying that he was a conspirator in a “coup” that aimed to use impeachment proceedings to bring down a popularly elected government.“If there were any doubts about my denunciation that a coup is underway, there can't be now. The coup plotters have a leader and a deputy leader,” Rousseff said in a blistering attack in Brasilia.

  • Wednesday, April 13th 2016 - 05:43 UTC

    Rousseff suffers another blow: the second major party of the coalition steps down

    PP holds the third-largest group of lawmakers in Brazil’s fragmented Congress and was seen as key to Rousseff’s strategy to stay in power

    Brazilian President Dilma Rousseff’s suffered another blow to her hopes of surviving impeachment three days ahead of a crucial vote in the full Lower House: the second major party withdrew from the ruling coalition.

  • Wednesday, April 13th 2016 - 05:32 UTC

    Falklands launch collection of crown coins to honor the Queen's 90th birthday

    Falklands' One Crown. The reverse depicts the Queen’s official silver jubilee portrait from 1977, with a privy mark of Windsor Castle

    As the 90th birthday of Britain’s Queen Elizabeth II approaches, the British Overseas Territories of Ascension, British Antarctic Territory, British Virgin Islands, Falkland Islands, and South Georgia & South Sandwich Islands have launched a collection of crown coins to mark this milestone occasion.

  • Wednesday, April 13th 2016 - 05:15 UTC

    Companies with World Bank credits in Africa are linked to tax havens, claims Oxfam

    The Oxfam report showed that World Bank’s private lending arm lent money to 68 companies in 2015 for investments in Africa, 51 of the 68 companies use tax havens

    A report by the civil society network Oxfam has found, about 84% of the dollars invested in sub-Saharan Africa in 2015 by the International Finance Corporation (IFC), the private sector arm of the World Bank Group, went to companies with presence in at least one tax haven.