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Montevideo, June 20th 2018 - 09:25 UTC

Stories for June 2018

  • Monday, June 11th 2018 - 08:20 UTC

    Mexico's future closely linked to oil development no matter who's the next president

    Energy Minister Joaquin Coldwell said that two further auctions planned before the handover would go ahead, as would tenders for seven joint ventures

    Mexican oil output could return to 2 million barrels per day by about 2022 if the next government pursues plans to auction off development blocs to private investors, Energy Minister Pedro Joaquin Coldwell announced. Mexico will elect a new president on July 1 but the front-runner in opinion polls, leftist Andres Manuel Lopez Obrador, has threatened to delay opening up the energy sector to private investment.

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  • Monday, June 11th 2018 - 08:16 UTC

    WHO certifies Paraguay malaria-free

     “Success stories like Paraguay’s show what is possible. If malaria can be eliminated in one country, it can be eliminated in all countries” said Dr Adhanom Ghebreyesus

    The World Health Organization (WHO) certified Paraguay as having eliminated malaria, the first country in the Americas to be granted this status since Cuba in 1973. “It gives me great pleasure today to certify that Paraguay is officially free of malaria,” said Dr Tedros Adhanom Ghebreyesus, WHO Director General, in a recorded statement.

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  • Monday, June 11th 2018 - 08:06 UTC

    The Day of Malvinas Rights' affirmation remembered in Argentina

    Drawings of early settlements in the Falkland Islands

    Argentina believes that the new climate in bilateral relations with the United Kingdom, started in 2016, will enable to advance in areas of common interest, particularly in the South Atlantic, and will signify the appropriate framework for the resumption of negotiations on the Malvinas Islands question, according to the terms established by United Nations resolutions.

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  • Monday, June 11th 2018 - 07:49 UTC

    A picture that sums up the G7 summit in Quebec City

    German Chancellor Merkel in an assertive pose planting both hands firmly on a table as she addresses an emotionless US president Trump

    Of the hundreds of images taken at the Group of Seven summit in Quebec City this weekend, the one released by the office Angela Merkel appears to sum up Donald Trump’s entire trip.

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  • Monday, June 11th 2018 - 07:28 UTC

    Argentina/Falklands “constructive spirit” will be tested at the UN C24 presentations

    Argentine president Mauricio Macri and Canadian Prime Minister Justin Trudeau during the recent meeting held in Quebec

    The constructive spirit and pragmatic attitude towards Argentina/United Kingdom relations and shared interests seems to have spilled positively to international forae, for example the latest OAS general assembly declaration regarding the Malvinas Islands, which does not mention “militarization of the South Atlantic or nuclear arms”, as was common in the Kirchner couple years, and rather keeps to the traditional annual disputed sovereignty claim under the umbrella of the United Nations.

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  • Saturday, June 9th 2018 - 08:29 UTC

    Brazilian consumer prices climb 0.4% in May; impact of truckers strike and fuel prices expected in June

    Slowing inflation over the past two years has led the central bank to cut its benchmark Selic rate to a record low of 6.5% from 14.25% in October of 2016.

    Brazil's 12-month inflation accelerated in May from April amid strong fuel prices. Consumer prices rose 0.40% in the month, compared with an increase of 0.22% in April, statistics agency IBGE said on Friday. The consumer price index advanced 2.86% in May from a year earlier, up from April's 2.76% pace.

  • Friday, June 8th 2018 - 11:46 UTC

    Falklands government to focus on family-friendly legislation in 2018/19

    The Islands plan to implement updated maritime legislation over the coming year.(Pic FIG)

    In setting its legislative priorities for the next twelve months, the Falkland Islands Government has signalled an intention to focus on legislation of interest to families. The Islands are internally self-governing, with much law created locally or adapted from elsewhere in the world. The program for the next year was published this week alongside their fiscal budget for the year.

  • Friday, June 8th 2018 - 08:35 UTC

    Temer denies any risk of a currency crisis; Central bank pledges “all the necessary liquidity”

    Investor confidence in Temer's government was shaken after it was forced to reinstate costly fuel subsidies following a strike by truckers

    Brazilian President Michel Temer said on Thursday there was no risk of a currency crisis in Latin America's largest economy despite sharp falls in the exchange rate, while the central bank chief pledged to maintain the bank's intervention in the market.

  • Friday, June 8th 2018 - 08:28 UTC

    China plans temporary anti-dumping measures on Brazilian broilers

    Brazil accounted for more than 50% of broiler products supplied to China, world’s No. 2 poultry consumer, between 2013 and 2016, the commerce ministry said

    China will impose temporary anti-dumping measures on Brazilian broiler chickens from June 9, the commerce ministry said on Friday, after finding in a preliminary ruling that its domestic industry has been substantially damaged by the imports. Local firms buying Brazilian chicken will be required to pay deposits ranging from 18.8% to 38.4% of the value of their shipments, the ministry said in a statement. The measures cover products supplied by top Brazilian exporters JBS and BRF.

  • Friday, June 8th 2018 - 08:25 UTC

    Brazil launches massive package of soft loans for agriculture, US$ 51.13bn

    The loans and credit lines will be accessible to producers starting July 1 and through June 30, 2019, Maggi said

    Brazil announced on Wednesday evening that it has earmarked up to 194.3 billion Reais or US$ 51.13bn in loans to promote large and medium-sized agricultural producers. At a ceremony in the capital Brasilia, President Michel Temer and his Agriculture Minister Blairo Maggi unveiled the government's “2018-19 Agriculture and Cattle Ranching Program”, which devotes slightly more resources to the sector than last year's 190.25 billion Reais (US$ 50.06 billion).