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Thursday, September 22nd 2016 - 22:18 UTC

FAO forecasts higher harvest prospects for maize, wheat and rice

Russia is poised to become the world's largest wheat exporter in 2016/17, overtaking the European Union, where wet weather has hampered this year's crops.

Staple food prices rose in August even as grain prices fell and the outlook for global cereal production improved. The FAO Food Price Index averaged 165.6 points in August, up 1.9% from July and almost 7% from a year earlier. The monthly jump was mostly driven by cheese and palm oil quotations, while those for wheat, maize and rice all fell.

Thursday, September 22nd 2016 - 22:08 UTC

BIS warns Chinese banking sector stress gauge three times above danger level

The BIS considers a credit-to-GDP gap of 10 to be a sign of potential danger. A year ago the BIS quarterly review put the figure for China at 25.4.

Risks of a Chinese banking crisis are mounting, according to a warning indicator from the banking industry's global watchdog. A key gauge of stress in the banking sector is now more than three times above the danger level, the Bank for International Settlements (BIS) said in its latest quarterly review.

Thursday, September 22nd 2016 - 17:00 UTC

St Helena airport “too dangerous to use” opens prospect of £285m compensation claim

The airport was to be opened last May but test pilots said it was too dangerous to use, and it remains closed to commercial flights.

Britain faces the prospect of compensation claims over a disastrous overseas aid project to build an airport on the remote island of St Helena, according to reports in the UK media. The £285million flop became a symbol of Britain’s aid waste this year after experts warned it might never open because of severe problems with wind conditions on the British Overseas Territory in the South Atlantic Ocean.

Thursday, September 22nd 2016 - 15:56 UTC

US National Guard sent to Charlotte to quell violent rioting after shooting of black man

What started out on Wednesday evening as a prayer vigil after Scott's shooting turned into an angry march and then a night of violence.

Violence flared in the southern US city of Charlotte, North Carolina, in a second night of unrest ignited by the fatal police shooting of a black man. Charlotte officials appealed for calm on Thursday, hours after violent riots stemming from a controversial police shooting of a black man injured several police officers and civilians and resulted in 44 arrests.

Thursday, September 22nd 2016 - 15:40 UTC

Rousseff back on the political trail in defence of Lula da Silva

“Brazil is going through a very difficult moment. A process is underway that is systematically breaking the constitution,” Rousseff told supporters at a rally

Former President Dilma Rousseff called the prosecution of her predecessor on corruption charges another attack on Brazil's democracy, speaking just weeks after the Senate removed her from office in an impeachment trial.

Thursday, September 22nd 2016 - 15:38 UTC

Ex finance minister of Lula and Rousseff arrested in connection to Petrobras corruption

Mantega was arrested at a Sao Paulo hospital where his wife had undergone surgery, his lawyer Jose Roberto Batochio told the G1 online news outlet.

Brazilian police on Thursday arrested Guido Mantega, a former finance minister under presidents Lula da Silva and Dilma Rousseff, as part of the investigation into the vast Petrobras corruption scheme, media reported.However Brazilian Judge Sergio Moro later in the day revoked the temporary detention order citing Mantega's cooperation with a search of his home and his wife's surgery in a Sao Paulo hospital.

Thursday, September 22nd 2016 - 10:46 UTC

Aerolineas Argentinas could become profitable in four years time

Aerolineas have cut non operational costs and increased revenue in the last nine months, but losses this year could reach a billion dollars

Aerolineas Argentinas CEO revealed that the flag-carrier is increasing passenger numbers and could become profitable in four years but losses keep piling, an estimated one billion dollars this year, which comes upon a one to two million dollars daily losses during most of the decade.

Thursday, September 22nd 2016 - 10:34 UTC

Oxford leads world university rankings; 15 out of 20 top list are from US

Editor of the rankings Phil Baty said it was “fantastic news” Oxford had come top, but the UK's vote to leave the European Union was a big threat to the sector.

Oxford University has come top of The Times Higher Education world university rankings - a first for a UK university. Oxford knocks California Institute of Technology, the top performer for the past five years, into second place. But there are warnings the vote to leave the European Union could destabilize UK higher education and hinder work with academics abroad.

Thursday, September 22nd 2016 - 10:24 UTC

Latin American Jewish congress express ''enthusiastic support” for president Macri

“We expressed our most enthusiastic support for president Macri and his administration” said Adrian Werthein, Latin-American Jewish Congress chief

The Latin-American Jewish Congress expressed its most “enthusiast support” to Argentine president Mauricio Macri and his administration but also pointed out that in his Tuesday speech before the UN General Assembly there was no specific request for Iran to collaborate with the investigation of the 1994 terrorist attack against AMIA in Buenos Aires.

Thursday, September 22nd 2016 - 07:15 UTC

Macri downplays chat with May, “it was no formal meeting”, just “a nice gesture from the prime minister”

“You can't convert a chat of less than a minute in an official encounter”, Macri told the Argentine media and insisted it was “essential to lower the level of anxiety”

Argentine president Mauricio Macri on Wednesday downplayed the chat with PM Theresa May on Tuesday at the UN banquet in New York saying it was “no formal or official meeting”, but nevertheless underlined the “good predisposition” for dialogue which Argentina had lost during the last twelve years and anticipated that the Falklands/Malvinas Islands question “will demand many years”.

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