Current Edition

Current Edition
Thursday, February 11th 2016 - 05:57 UTC

Fed warns about uncertainty in China and tightening financial markets

Yellen said there are good reasons to believe the US will stay on a path of moderate growth that will allow the Fed to pursue “gradual” adjustments to monetary policy.

Tightening financial conditions driven by falling stock prices, uncertainty over China and a global reassessment of credit risk could throw the US economy off track from an otherwise solid course, Federal Reserve Chair Janet Yellen cautioned in a prepared testimony to Congress on Wednesday.

Thursday, February 11th 2016 - 05:45 UTC

ICAO agrees on first binding limits on emissions from the aviation industry

“Carbon emissions from aviation are growing rapidly, with the number of flights worldwide expected to double in the next 15 years,” said Stephane Dujarric

UN Secretary-General Ban Ki-moon welcomed the announcement by the International Civil Aviation Organization (ICAO) proposing the first binding limits on emissions from the aviation industry.

Thursday, February 11th 2016 - 05:40 UTC

Brazil reopens crucial waterway for transporting soy; water was used to generate power

On Monday a barge train passed downstream on the Tiete River through the locks at the Nova Avanhandava hydro-dam for the first time since 2014, the paper said.

Brazil's Tiete-Parana waterway, a key transport corridor for soybeans, corn, cellulose, fertilizer and other agricultural products, has reopened after a 20-month closure due to drought and the use of water for electricity, the Estado de S. Paulo newspaper reported this week.

Thursday, February 11th 2016 - 05:22 UTC

Magallanes enjoying an unexpected excellent cruise season

“The number of cruise visitors has jumped from an expected 60.000 to 80.000 with 119 calls to the end of the season next April, representing a 30% increase” said Araya

Chile anticipates a 30% increase in cruise activity in the extreme south of the country, mainly Punta Arenas and Puerto Natales, announced Lorena Araya, head of Magallanes region National Tourism Service, Sernatur.

Wednesday, February 10th 2016 - 23:11 UTC

Montevideo-Stanley, an integrating and necessary air link

Representative Jaime Trobo from Uruguay's senior opposition party, Partido Nacional

By Jaime Trobo (*) - For some time now we have been arguing that Uruguay must strengthen its bonds and contacts with a neighboring territory, in the southern cone, part of our American continent, where families who arrived in our region during the first half of the XIX century live, and with whom those contacts, once very intense, have waned, particularly in the last decades.

Wednesday, February 10th 2016 - 07:24 UTC

Argentina still has uphill battle with holdouts: a stay of pari-passu is next round

Recently elected President Macri has taken a more conciliatory approach to the litigant funds, because of the need to regain access to vital hard currency funding.

While investors cheered progress on last week's arduous negotiations in New York between Argentine government officials and litigant investors, the administration of president Mauricio Macri still faces an uphill battle as it works to bring other holdouts on board.

Wednesday, February 10th 2016 - 07:16 UTC

US Treasury's strong support message for Argentina's litigation with holdout funds

The statement said Lew “echoed Pollack’s strong hope that all creditors will be able to resolve their differences and reach Agreements in Principle with Argentina.”

The United States gave another sign of support for Argentina’s economic policies as US Treasury Secretary Jacob Lew spoke on the phone with Finance Minister Alfonso Prat-Gay, striking an optimistic tone regarding the settlement offer made to the holdout funds in New York.

Wednesday, February 10th 2016 - 07:10 UTC

Three letters from Macri to Ban Ki-moon; possible summit with Obama in New York

In one of the letters president Macri confirms he will be at the United Nations on 22 April for the signature of the Paris agreement on climate change.

Argentina's foreign minister Susana Malcorra met on Tuesday in New York with United Nations Secretary General Ban Ki-moon and delivered three letters from president Mauricio Macri.

Wednesday, February 10th 2016 - 07:08 UTC

London's position on Falklands 'unchanged', says UK ambassador in Spain

“Our position regarding the (Falkland) Islands is very well known and is not going to change,” Manley said on Monday in conversation with the Spanish news agency.

The United Kingdom will not change current policy on the Falkland/Malvinas Islands, according to the UK Ambassador to Spain Simon J. Manley, confirming London's stance on the Islands sovereignty.

Wednesday, February 10th 2016 - 05:26 UTC

Meteorologists rebuke Royal Caribbean's “Anthem of the Seas” on weather report

The 168,666-ton vessel eventually confronted winds of up to 100 mph and created waves higher than 20 to 30 feet

“Royal Caribbean should have known better”. That's the word Tuesday from weather experts who closely monitored the development of the storm that rocked the line's Anthem of the Seas, on Sunday and Monday.

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