Current Edition

Current Edition
Monday, September 26th 2016 - 13:16 UTC

Brazil Supreme Court opens the door to investigate Temer on campaign funding

Judge Teori Zavascki referred the case to Attorney General Rodrigo Janot, who should determine whether to open a case and formally investigate the president

Brazilian Supreme Court judge has authorized a preliminary investigation into allegations from former Transpetro head Sergio Machado that President Michel Temer illegally solicited campaign money in 2012. Machado, who secured a plea deal after being implicated in the widely publicized Lava Jato scandal, said in court that Temer had asked for donations to benefit Sao Paulo's mayoral campaign for Gabriel Chalita.

Monday, September 26th 2016 - 11:06 UTC

Land distribution, remains challenge for the post-peace accord in Colombia

Under the accord, landless and displaced farmers will be entitled to credit and farmland through a land bank that aims to redistribute 7 million hectares of land

Conflicts over land in Colombia are likely to increase following a peace deal to end half a century of war as once no-go areas in the Andean country open up for business and development projects, land rights experts said. The government and rebel Revolutionary Armed Forces of Colombia (FARC) are due to sign a peace accord Monday to end Latin America's longest-running conflict, which has killed 200,000 people.

Monday, September 26th 2016 - 10:56 UTC

US Treasury Secretary on advisory visit to Argentina, Brazil, Colombia and Mexico

 “Our message is very much one about the benefits of ongoing economic reforms, and disciplined economic policies in these economies,” the Treasury official said

U.S. Treasury Secretary Jacob Lew will urge his counterparts in Argentina, Brazil, Colombia and Mexico to press ahead with economic and fiscal reforms aimed at restoring or strengthening growth, a senior Treasury official said on Friday. Lew will be visiting the four largest Latin American economies this week beginning with Argentina on Monday, recognizing efforts by President Mauricio Macri to reintegrate Argentina into the global economy.

Monday, September 26th 2016 - 10:22 UTC

Corbyn crushes MPs challenge and is confirmed as undisputed Labour leader

Corbyn urged unity, pledging to “wipe the slate clean” after accusations of bullying and fears of an irreparable breach between left-wingers and moderates.

Left-winger Jeremy Corbyn was re-elected British Labour leader on Saturday, seeing off a challenge from MPs but leaving the main opposition party split as critics said it was even further from power than before. Supporters in Liverpool leaped to their feet cheering as the 67-year-old was confirmed winner with 61.8% of the vote among party members and supporters, easily defeating challenger Owen Smith.

Monday, September 26th 2016 - 10:07 UTC

US role in Colombia peace: from fanning the war to ensuring peace

“I looked them in eye and said: 'I know you were hoping for Miss Universe, but you're going to have to settle for me instead,'” Aronson recalled.

When the Colombian government and Marxist rebels FARC sign the final peace accord this Monday to end a 52-year guerrilla war, a US envoy from the Obama administration will be one of the special guests at the signing ceremony.

Saturday, September 24th 2016 - 20:04 UTC

August FAO Food Price Index at its highest since May 2015; all commodities up except for cereals

Prices rose for all dairy commodities that compose the Index, in particular for cheese, whole milk powder and butter and average a 14% increase over July 2015

The FAO Food Price Index (FFPI) averaged 165.6 points in August 2016, up 3 points (1.9%) from July and almost 7% above the corresponding period last year. The August value of the Index is the highest since May 2015. Except for cereals, prices of all other commodities used in the calculation of the FFPI rose in August, led by dairy, oils and sugar.

Saturday, September 24th 2016 - 10:24 UTC

Pinochet ordered the 1976 assassination of opposition leader Letelier, says CIA

On September 21, 1976, as Letelier was driving along Washington's Embassy Row, a bomb ripped through his car, instantly killing him and his American assistant

The United States on Friday gave Chilean President Michelle Bachelet declassified CIA documents confirming that former Chilean dictator Augusto Pinochet personally ordered the 1976 assassination of opposition leader Orlando Letelier. US Deputy Secretary of State Heather Higginbottom presented the documents to Bachelet during a ceremony on the site of the killing in the US capital, two days after the 40th anniversary of the brazen attack.

Saturday, September 24th 2016 - 08:02 UTC

Temer links Rousseff's removal with the drastic change in economic policy

Temer candidly admitted that it had become imperious to change the economic course since Brazil has been in the worst recession since the 1930s

Brazilian president Michel Temer addressing business leaders and foreign policy experts in New York earlier this week revealed another twist to the recent political events in the country which led to the impeachment and removal of his elected predecessor Dilma Rousseff.

Saturday, September 24th 2016 - 07:46 UTC

Latam modifies ownership structure before the entrance of Qatar airlines

 ”The measure was necessary due to the 11% dilution for all shareholders resulting from the entrance of Qatar Airlines into (LATAM's) share structure”

The Amaro family from Brazil, one of the main controllers of LATAM Airlines, sold a 6.47% stake in the regional carrier on Friday on the Santiago stock exchange for some US$296 million, as part of a strategy to modify the company's ownership structure.

Saturday, September 24th 2016 - 07:27 UTC

Petrobras sells major gas pipeline which feeds Brazil's core industrialized regions

The pipeline connects the Brazilian states of Rio de Janeiro, São Paulo and Minas Gerais with natural gas coming from Bolivia and Brazil’s offshore oil and gas fields

A consortium led by Canada's Brookfield Infrastructure has signed a deal to buy a controlling stake in a natural gas pipeline system in Brazil from Petrobras for US$5.2 billion. Under the deal, the consortium will acquire a 90% stake in Nova Transportadora do Sudeste S.A. (NTS). Petrobras will retain a 10% stake.

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