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Montevideo, September 19th 2018 - 20:46 UTC

Stories for July 2018

  • Friday, July 6th 2018 - 08:16 UTC

    The new oil cartel threatening OPEC

    China and India account for 17% of global oil consumption and they are the ones that would be the hardest hit if prices rise as a result of OPEC's actions.

    When reports emerged that India and China are in talks about forming an oil buyers' club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying.

  • Friday, July 6th 2018 - 08:12 UTC

    FDI in Latin America falls for the third year running, says ECLAC

    Alicia Barcena called on governments to promote quality FDI that is compatible with sustainable development, to promote a change in productive structures

    Despite an international context characterized by stronger growth in the global economy, abundant international liquidity, high corporate returns and optimism in financial markets, the flows of Foreign Direct Investment (FDI) in Latin America and the Caribbean – on average, and with great heterogeneity within the region – fell for the third year in a row in 2017 to total US$ 161.673 billion dollars, down 3.6% from the previous year and 20% below the level reached in 2011.

  • Friday, July 6th 2018 - 06:03 UTC

    Europe will impose tougher rules for visa exempt non-EU nationals

    ETIAS, which should be operational in 2021, was passed with 494 votes in favor, 115 against and 30 abstentions. It refers to travelers from some 60 countries

    Non-EU nationals exempt from visa requirements will have to get an authorization before travelling to the EU, under new rules backed by the European Parliament (EP) on Thursday.

  • Thursday, July 5th 2018 - 08:48 UTC

    Latam agriculture and fisheries production to expand 17% over the next decade

    More than half of growth, 53%, can be attributed to an increase in crop production, about 39% to the livestock sector, and 8% from fisheries output

    Agricultural and fisheries production in Latin America and Caribbean is projected to expand by 17% over the next ten years, says a new report from the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO).

  • Thursday, July 5th 2018 - 08:41 UTC

    Brazilian stock market up 1%; Electrobras shares soar 18%

    Shares of power utility Eletrobras soared nearly 18% after the lower house of Congress agreed to speed approval of a bill seen as key to the sale of some assts

    Brazil's benchmark Bovespa index jumped more than 1% on Wednesday in low-volume trading on the U.S. Independence Day holiday, while shares of Brazilian power utility Centrais Elétricas Brasileiras SA soared.

  • Thursday, July 5th 2018 - 08:35 UTC

    Brazil Investigation into medical equipment fraud; top GE official arrested

    In addition to arresting GE's chief executive for Latin America, Daurio Speranzini Jr., prosecutors said federal police were carrying out 21 arrest warrants

    Brazilian police arrested a senior General Electric Co executive on Wednesday, as part of a sprawling investigation into fraud in medical equipment tenders overseen by health authorities in the state of Rio de Janeiro, police and prosecutors said.

  • Thursday, July 5th 2018 - 08:27 UTC

    Two British citizens critically ill after exposure to nerve gas Novichok

    The pair was hospitalized after being found unwell in Amesbury, close to Salisbury where ex-double agent Sergei Skripal and his daughter Yulia were attacked

    Two British citizens are critically ill after they were exposed to Novichok, the same nerve agent that struck down a former Russian agent and his daughter in March, Britain’s top counter-terrorism officer said on Wednesday.

  • Thursday, July 5th 2018 - 08:16 UTC

    Brazil industrial production plummets in May on truckers strike

    Production fell 10.9% from April, government statistics agency IBGE said on Wednesday, the largest decline since December 2008

    Industrial output in Brazil plummeted in May at the sharpest pace in a decade, highlighting the deep impact of a nationwide truckers' strike in the final weeks of that month. Production fell 10.9% from April, government statistics agency IBGE said on Wednesday, the largest decline since December 2008.

  • Thursday, July 5th 2018 - 08:10 UTC

    FIFA strongly rebukes Maradona's comments on the England/Colombia match

    FIFA says Maradona's “insinuations” were “entirely inappropriate and completely unfounded.”

    FIFA says it “strongly rebukes” comments made by its ambassador Diego Maradona criticising American referee Mark Geiger's handling of England's win against Colombia in the World Cup round of 16 on Tuesday. It's the third controversy involving the Argentina great at the World Cup, which he has mostly attended as a VIP guest of FIFA.

  • Thursday, July 5th 2018 - 07:07 UTC

    Embraer-Boeing combined operations talks “complex” but ongoing

    The two aircraft makers have been discussing for months a transaction in which a new company, Boeing controlled, would be created focused on commercial aviation

    Embraer SA Chief Executive Officer Paulo Souza e Silva said the company is in the final stage of talks to combine operations with Boeing Co, newspaper Valor Economico reported on its website late on Wednesday. Souza e Silva, attending an event hosted by the paper, declined to elaborate on details of the agreement and described the negotiation as “complex.”