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Current Edition
Thursday, May 19th 2016 - 06:50 UTC

Argentina and US reestablish defense links after a nine-year freeze

The delegation to Washington was headed by Angel Tello (L), head of Military Strategy and Affairs and Walter Ceballos, Defense Logistics Services

Argentina and the United States are in the process of reestablishing strong defense links after a hiatus of seven years following this week's visit to the Pentagon of a high profile delegation from the ministry of defense which addressed several issues of mutual interest and common strategies.

Thursday, May 19th 2016 - 06:33 UTC

Falklands' Rockhopper announces double contingent oil reserves: over 300m barrels

Rockhopper owns more than 50% of two oilfields, Sea Lion and Isobel Elaine, which are now estimated to hold 747 million barrels of oil and gas reserves

Falkland Islands oil and gas producer Rockhopper Exploration Plc has announced that its net contingent oil reserves have doubled to more than 300 million barrels, and independent experts are now eyeing this as nearly billion-barrel basin.

Wednesday, May 18th 2016 - 12:21 UTC

Petrobras: Temer pledges judicial independence and respect for prosecutors nomination process

Temer told Globo TV he would maintain the tradition of nominating the candidate chosen by the corps of prosecutors

Brazil's interim president, Michel Temer said he would continue a tradition of nominating a prosecutor general who comes recommended by peers, allaying concerns about judicial independence. Justice Minister Alexandre de Moraes, sworn in last week as part of Temer's new government, told the Folha de S.Paulo newspaper in an interview that the prosecutor general of Brazil could be selected at will by the president.

Wednesday, May 18th 2016 - 12:07 UTC

Argentina forecasted to increase wheat area by 25% for a 15/16 million tons crop

Argentina, the world’s 10th biggest wheat exporter, shipped 3.13 million tons of the grain in the first quarter of 2016 versus 1.53 million in the same 2015 period

Argentine wheat exports more than doubled in the first quarter, government data showed, as farmers rushed to sell stockpiles ahead of an expected jump in plantings spurred by the open-market policies of new President Mauricio Macri. The surge in Argentine supply is hitting an oversaturated world market and putting downward pressure on wheat prices already near their lowest levels in six years.

Wednesday, May 18th 2016 - 11:53 UTC

South Africa catches Chinese vessel suspected of illegally fishing; eight other fled

The vessel, Lu Huang Yuan Yu 186, is one of nine that were spotted last week in South Africa’s waters.

The South African Maritime Safety Authority (SAMSA) is investigating a Chinese fishing vessel seized by authorities after it and eight others were suspected of illegally fishing in South African waters. SAMSA officials boarded the vessel on Monday for inspection.

Wednesday, May 18th 2016 - 11:39 UTC

The Army must decide is they side “with the Constitution or with Maduro”, says Venezuelan opposition

“I say to the armed forces: the moment of truth has arrived - to decide whether they are with the constitution or with Maduro,” Capriles told a news conference.

The army in crisis-hit Venezuela has to choose whether it is “with the constitution or with [President Nicolas] Maduro,” opposition leader Henrique Capriles said on Tuesday.He made the statement to journalists after Maduro decreed a state of emergency broadening the powers of soldiers and police - and a day before opposition-led marches demanding a referendum to oust the president.

Wednesday, May 18th 2016 - 11:32 UTC

US economy good news: inflation reaches 1.1% and housing starts rise 6.6%

Commerce Department figures showed housing starts rose by 6.6% in April to a seasonally adjusted annual pace of 1.17 million units.

US consumer prices rose at their fastest pace in three years in April as energy prices climbed, figures show. The Labor Department's Consumer Price Index rose 0.4% last month, the biggest one-month increase since February 2013.

Wednesday, May 18th 2016 - 10:54 UTC

Chile celebrates best cruise season in seven years

The milestone of the season was the return of Norwegian Cruise Line, with the Norwegian Sun, and 40 calls in Chilean ports and an estimated 100.000 visitors.

Chile reports that this last cruise season (October 2015/April 2016), has been the best in seven years, according to the Southern Cone Ports Corporation, with a 47% increase in the number of vessel calls and 43% in landed passengers, compared to 2014/2015.

Wednesday, May 18th 2016 - 06:01 UTC

Orthodox economist Goldfajn confirmed as Brazil's central bank governor

Ilan Goldfajn, chief economist of Itau Unibanco Holding, will replace Alexandre Tombini as central bank governor. Senate must ratify Goldfajn's appointment.

Brazil's interim government on Tuesday confirmed the lead economist of the country's largest private bank to head the central bank, in a further shift away from the interventionist policies that many blame for deep recession and near double-digit inflation.

Tuesday, May 17th 2016 - 11:00 UTC

Brazil's economy contracts for fifteenth consecutive month

Private economists consulted in the Central Bank's latest weekly survey expects Brazil's GDP to shrink by a further 3.86% this year.

Brazil's economic activity contracted by 1.44% in the first quarter relative to October-December 2015 and 6.27% compared to the same three-month period of 2015, the Central Bank said Friday. The figures come from the Central Bank's Index of Economic Activity, or IBC-Br, an indicator used as a preview of the gross domestic product (GDP) number.

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