Current Edition

Current Edition
Tuesday, May 31st 2016 - 20:21 UTC

OAS calls for emergency meeting to address Venezuela's “grave alterations of democratic order”

Luis Almagro said Venezuela had suffered “grave alterations of democratic order” and called for a vote on the matter in the coming weeks.

The head of the Organization Of American States on Tuesday called for an emergency meeting of regional governments to evaluate Venezuela's respect for democracy, a move that could lead to the country's suspension from the hemispheric body. Luis Almagro said Venezuela had suffered “grave alterations of democratic order” and called for a vote on the matter in the coming weeks.

Tuesday, May 31st 2016 - 19:25 UTC

Falklands state of the nation: economic challenges but also hopes of a productive relationship with Argentina

Governor Colin Roberts CVO addresses the Legislative Assembly with the annual report on the state of the nation

The Falkland Islands finances remain robust despite a future of domestic and overseas challenges, but on the other hand recent developments in Argentina have opened hopes for a productive, closer relationship with the South American continent, said Governor Colin Roberts in his annual speech on the state of the nation.

Tuesday, May 31st 2016 - 18:47 UTC

Argentina’s Eternal Debt Problem

Argentina’s absence from international capital markets began in 2001, when a deep economic crisis brought about the end of the decade-old Convertibility Plan

By Carmen Reinhart (*) Argentina recently emerged from nearly 15 years of the most litigious sovereign default in modern times, if not ever. Now it has the opportunity to reenter the global financial system and build a more stable and prosperous future. It is a chance that the country must be careful not to squander.

Tuesday, May 31st 2016 - 18:11 UTC

Argentina and China address fishing vessels poaching in the South Atlantic

In mid-March the sinking of the Chinese vessel Lu Yan Yuan 010 when fishing in Argentina's EEZ triggered a surge in diplomatic discussions.

The Argentine news agency Pescare reports that the repeated illegal incursion of Asian vessels in Argentina's Exclusive Economic Zone prompted the issue to be addressed during the recent meeting of the bilateral Argentina/China Subcommittee on Fisheries.

Tuesday, May 31st 2016 - 17:30 UTC

FAO sponsored illegal fishing accord scheduled to become law on 5 June; 30 countries have adhered

Each year, IUU fishing is responsible for annual catches of up to 26 million tons, with a value of up to US$ 23 billion.

Illegal, unregulated and unreported (IUU) fishing is about to become much more difficult thanks to the imminent entry into force of the Port State Measures Agreement (PSMA), a ground-breaking international accord championed by FAO.

Tuesday, May 31st 2016 - 07:36 UTC

Poor squid season hits Argentina's seafood exports in first quarter

Squid not only had a bad season, but sales dropped 47.4% over the same period the previous year. However the improved price 29%, meant revenue fell by 32.2%.

Argentina's Under Secretariat of Fisheries reported that landings between January first and 30 April plummeted19.3% but exports in the first quarter achieved significant growth in foreign currency: 16.2%, with a slight increase in volume 1.7%. The poor landings are attributed to a “terrible” squid season, while the jump in export value was supported by extraordinary sales of shrimp.

Tuesday, May 31st 2016 - 07:30 UTC

Macri pledges to repatriate overseas savings in Bahamas and buy Argentine bonds

Macri said money was transferred to Bahamas after Swiss bank Julius Baer Group bought Merrill Lynch overseas wealth management unit from Bank of America.

President Mauricio Macri said Monday that he will repatriate $1.3 million in savings from the Bahamas and use the money to buy Argentine treasury bonds because he is confident the struggling economy will recover and thrive.

Tuesday, May 31st 2016 - 07:21 UTC

Brazil's posts a primary budget surplus in April, because of annual income tax collection

Treasury chief Otavio Ladeira said the steep surplus was due to an increase in the collection of the annual income tax due in April and a drop in expenditures

The Brazilian government posted a primary budget surplus in April well above market expectations due to a seasonal increase in tax revenues and a drop in subsidies, a senior official said on Monday. The government, which is struggling to lift the economy out of a deep recession, posted a primary budget surplus of 9.751 billion reais (US$2.72 billion) in April.

Tuesday, May 31st 2016 - 07:07 UTC

Brazil's acting president 7-year old son already has an estate of US$ 570.000

Estado de Sao Paulo revealed that Little Michel owns two offices in a luxury building which also houses daddy Big Michel’s political office.

Little Michel, the 7-year-old son of Brazil’s Acting President Michel Temer, has already proven he is far more mature than his years might suggest. A few weeks ago, he was responsible for choosing the new government's logo – when he saw it, he said “pretty.” Now, we know that the wunderkind has a few investments of his own.

Tuesday, May 31st 2016 - 07:00 UTC

Second cabinet knock out in Brazil: this time the Transparency minister

Transparency Minister Fabiano Silveira is the second minister in a week to be forced out of the Brazilian interim government

Brazilian interim president Michel Temer's government has suffered a new blow when his anti-corruption minster resigned on Monday after leaked recordings showed him trying to squash a massive corruption scandal that has ensnarled the country's political and business elite.

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