Current Edition

Current Edition
Monday, November 24th 2014 - 07:25 UTC

Britain confirms financial assistance to five Eastern Caribbean countries

Walker said the DFID has “listened carefully” to what Eastern Caribbean countries have been saying are the key challenges for the region.

Britain is providing assistance to five Eastern Caribbean countries “to help them return to economic growth while managing the risks from external shocks”. The Department for International Development (DFID) Caribbean says it will work closely with Antigua and Barbuda, Grenada, St Lucia, St Vincent and the Grenadines and Dominica under the new program that runs until 2020.

Monday, November 24th 2014 - 07:14 UTC

Brazil's JBS purchases leading ham and bacon supplier in Australia

The deal represents an “outstanding opportunity to expand our business in Australia”, a major meat exporting country, said JBS CEO Batista

Brazil's JBS, the world's biggest meat group, beefed up its growth in Australia with the 1.25bn dollars purchase of Primo Smallgoods Group. JBS said that through its JBS Australia business, it had paid Aus$1.45bn in cash for the supplier of the likes of ham and bacon to Oceania.

Monday, November 24th 2014 - 07:03 UTC

Peru investigating the death of 500 sea lions found on a northern beach

Agents said the bodies were of young as well as old animals, the official Andina news agency reported.

Peru is investigating the deaths of some 500 sea lions found on a beach on its northern coastline. The local governor has accused fishermen of poisoning the mammals, which usually come close to the shore looking for food.

Monday, November 24th 2014 - 06:45 UTC

Mexico/Uruguay incident following Mujica's statement about a 'failed state'

“It gives one the sense, seen from a distance, that this is a kind of failed state, in which public authorities have completely lost control,” Mujica said

Mexico said on Sunday it was summoning Uruguay's ambassador after Uruguayan President Jose Mujica said that the disappearance of 43 students in southwest Mexico suggests the country is a 'failed state'.

Monday, November 24th 2014 - 06:37 UTC

Argentine central bank discards 'any devaluation' of the Peso in 2015

Vanoli explained that the Central Bank’s goal is to maintain a managed floating exchange rate regime. “Argentina does not have a fixed exchange rate,” he said.

The head of Argentina's Central Bank Alejandro Vanoli reaffirmed that “there won’t be a devaluation” of the Peso next year and stressed that the government of President Cristina Fernandez will not give in to pressure from the financial market and the export sector.

Saturday, November 22nd 2014 - 20:54 UTC

Falklands' youth teams put up a great show in Chilean football tournament

The two teams from the Falklands, despite facing older players won several games and scored in all matches

The two Falkland Islands youth teams competing in a football tournament in Punta Arenas, Chile have managed two excellent wins and also scored goals in almost every match they played proud coach Wayne Clement told Penguin News this week.

Saturday, November 22nd 2014 - 09:19 UTC

Brazil committed to advance with EU/Mercosur trade negotiations

“Mercosur has been holding negotiations with the EU; we're in discussions with other countries, but we must look for a way to advance”, said Marcadante

Brazil must speed international trade agreement negotiations, said cabinet chief Aloizo Mercadante, in direct reference to Mercosur and demanding an end to internal disputes.

Saturday, November 22nd 2014 - 09:13 UTC

Argentina's economy weakens in September, according to official stats

People have been cutting back on spending, particularly on big-ticket items such as cars and home appliances.

Argentina's economy weakened slightly in September as high inflation and declining purchasing power curbed sales and industrial production. A proxy for economic growth published by the government fell 0.2% on the year, the national statistics agency Indec reported Friday.

Saturday, November 22nd 2014 - 06:54 UTC

Mexican president hails Obama's decisions on immigration

“I want to publicly recognize yesterday's announcement,” said Peña Nieto “These measures bring relief to principally Mexican immigrants.”

Mexican President Enrique Peña Nieto hailed US President Barack Obama's sweeping steps on immigration, saying they were “most important measures taken in several decades” and would allow families to stay together.

Saturday, November 22nd 2014 - 06:47 UTC

Falklands construction booming: permission for second 80 bedroom hotel

The second 80 bedroom employees hotel will cater to the needs of the workers in the next oil exploration drilling round, including access and related services.

Building continues at a steady rate in the Falkland Islands with 15 applications approved for construction in the capital Stanley, including permission for an 80 bedroom employees hotel for oil exploration technical staff, according to the latest Planning and Building Committee meeting.

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