Current Edition

Current Edition
Wednesday, February 3rd 2016 - 06:55 UTC

Brazil factories and mine production plunges 8.3% in 2015, with little prospects of change in the short term

“2015 was quite a negative year for the sector,” CNI chief economist Flavio de Castelo Branco said, adding the industrial workforce was down 6.1%

Industrial output in Brazil fell for a seventh straight month in December, capping the worst year for manufacturers in more than a decade as they struggle with inflation, high interest rates and political uncertainty.

Wednesday, February 3rd 2016 - 06:32 UTC

US reports first known case of Zika virus transmission through sex

Dallas County Health and Human Services said it received confirmation of the case in Dallas from the US Centers for Disease Control and Prevention.

The first known case of Zika virus transmission in the United States was reported in Texas on Tuesday by local health officials, who said it likely was contracted through sex and not a mosquito bite, a day after the World Health Organization declared an international public health emergency.

Wednesday, February 3rd 2016 - 06:15 UTC

Brazil airline shares soar as regulator admits opening to foreign capital

Rousseff may propose legislation giving her discretion to let foreign groups own as much as 100% of local airlines, up from 20%, Valor Econômico reported.

Brazilian airline shares soared nearly 30% on Monday after a newspaper report said the government may scrap limits on foreign ownership of domestic airlines to attract investment to the struggling sector. President Dilma Rousseff may propose legislation giving her discretion to let foreign groups own as much as 100% of local airlines, up from 20%, Valor Econômico reported.

Wednesday, February 3rd 2016 - 05:52 UTC

Norway's Statoil confirms interest in Uruguay's offshore potential, acquires 15% of exploration block

“With this transaction, we are positioning ourselves in yet another underexplored basin with upside potential” says Nicholas Alan Maden, from Statoil exploration

Norway's Statoil giant announced on Tuesday an agreement with French Total to acquire a 15% working interest in an offshore exploration block in Uruguay's continental shelf. The announcement comes only weeks before Total is preparing to drill its first exploratory well in Uruguayan waters.

Wednesday, February 3rd 2016 - 05:38 UTC

BP reported its biggest annual lost and announced 7.000 job cuts

BP still grappling with $55 billion of costs from the oil spill in the Gulf of Mexico in 2010, said it would cut 7,000 jobs by the end of 2017, or nearly 9% of its workforce.

BP slumped to its biggest annual loss last year and announced thousands more job cuts on Tuesday, showing that even one of the nimblest oil producers is struggling in the worst market downturn in over a decade.

Wednesday, February 3rd 2016 - 05:14 UTC

Four MPs expected in the Falklands next week: two Tories and two Labour

On top D. Morris and G Opperman, below G. Matheson and P.Dowd MP

A group of four Members of Parliament from Britain will be visiting the Falkland Islands as guests of FIG from February 11-16, accompanied by Sukey Cameron MBE, from the Falkland Islands Government Office in London.

Tuesday, February 2nd 2016 - 12:07 UTC

Havana Club rum war: Bacardi appeals US decision to let Cuba have the trademark

That green light, granted by the U.S. Patent and Trademark Office, is illegal, Bacardi said in the latest salvo of a long-running legal battle that goes back to 1959.

Bacardi filed suit on Monday against the United States demanding an explanation of its decision to let Cuba sell Havana Club rum in the United States once the U.S. trade embargo against the Castro brothers' island is lifted.

Tuesday, February 2nd 2016 - 11:59 UTC

FIFA puts Conmebol and Concacaf funding 'on hold' given 'current proceedings'

“...in light of current proceedings involving individuals related to Conmebol and Concacaf, FIFA has put contributions... on hold until further notice,”

FIFA has cut off funding to the corruption-hit confederations for football in the Americas, the global football body said on Monday, in a move which could cause future cash flow problems for the two organizations.

Tuesday, February 2nd 2016 - 08:07 UTC

Magallanes region with second lowest unemployment in Chile

Employment in recent weeks recovered in Magallanes with strong demand from the services sector: hotels, gastronomy, confirming prospects of a good summer season.

Employment in Magallanes Region, extreme south of Chile remains strong according to the latest data released by the Chilean stats office, INE, which covers the fourth quarter of 2015 (October/December). While the national unemployment average stands at 5.8%, Magallanes figures with 2.6 percentage points below.

Tuesday, February 2nd 2016 - 07:47 UTC

Argentina fish landings down 4,2% last year, but squid was down 25%

Between January and November 2015, Argentine fish exports fell by 7% in volume and 6.8% in value, with 436,897 tons sent abroad equivalent to US$ 1.39bn.

Fish landings in Argentina totaled 752,359.1 tons in 2015, which represents 4.2% less than the previous year, according to the latest from the National Under secretariat of Fisheries. Among the main species of commercial importance, Illex squid (Illex argentinus) led the decline with a drop of 25%, with landings amounting 126,531.4 tons until 30 December 2015.

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