Latin America

Latin America
Monday, May 16th 2016 - 18:52 UTC

April FAO Food Price Index 10% below a year ago; South America soy prospects less favorable

Maize quotations increased the most, influenced by weaker US dollar and spill over from soaring prices in the vegetable oils complex

The FAO Food Price Index (FFPI) averaged 151.8 points in April 2016, up 1.1 points (0.7 percent) from March, but almost 10 percent below its April 2015 level. A relatively strong rise in vegetable oil quotations coupled with a more modest gain in international prices of cereals more than offset a decline in dairy and sugar prices.

Monday, May 16th 2016 - 18:49 UTC

Venezuelan soldiers steal goats because no food is left in the barracks

The incident was reported by El Nacional on its Sunday edition, with six soldiers detained by local authorities

The situation in Venezuela has become so bad that even soldiers are struggling to support themselves. Over the weekend, six members of the Venezuelan military were detained by local authorities for stealing goats, the Venezuelan newspaper El Nacional reported on Sunday. It said the soldiers confessed to stealing the goats and said they did it to feed themselves, since they had no food left in their barracks.

Monday, May 16th 2016 - 18:45 UTC

Petrobras implosion takes a major player from the floating production systems market

Petrobras’ situation needs to stabilize and begin improving before the company can again be a major driver of production floater contracts.

Brazil´s Petrobras problems has taken a major player from the market for new floating production systems in the oil business, according to a report from the industry. In effect absence of new contracts has forced fabricators and equipment suppliers to make huge cutbacks in personnel and spending and the past 12 to 18 months have been a difficult period the whole deepwater production sector.

Monday, May 16th 2016 - 07:35 UTC

Guatemala/Belize conflict erupts following another border killing

Guatemala slammed Belize for using “excessive force” and rejected the account of the Guatemalan man attempting to attack an armed patrol with a machete.

Tensions over a disputed border between Guatemala and Belize again erupted over the weekend with a new shooting incident less than a month after Belizean soldiers killed a teen. Belize said one of its patrols had to shoot and wound a Guatemalan man who threatened them with a machete after he was found on the Belize side of the border with companions illegally prospecting for gold.

Monday, May 16th 2016 - 05:46 UTC

Brazil warns neighbors about “propagating falsehoods over the internal political process”

Brazil's foreign ministry “emphatically rejects” neighbors “allowing themselves to opine and propagate falsehoods over internal political process in Brazil.”

Brazil's interim government dismissed criticism by populist countries in Latin America, including Venezuela, Cuba and Bolivia, over the impeachment process of Dilma Rousseff, who was suspended as president by the senate.

Friday, May 13th 2016 - 05:42 UTC

Falklands' government prepared to explore potential cooperation with Argentina

Argentine minister of foreign affairs Susana Malcorra met in London with Foreign Secretary Philip Hammond and Minister of State Hugo Swire

Britain reiterated interest in strengthening relations with Argentina in areas of mutual interest, but also underlined London's position regarding the Falkland Islands remains unchanged, while from Stanley, the Falklands' elected government expressed its willingness to explore a potential cooperation with the Argentine government.

Tuesday, May 10th 2016 - 08:42 UTC

Keiko with slight lead over Kuczynski ahead of Peruvian presidential runoff

The latest Ipsos poll, published by daily newspaper El Comercio, showed Fujimori with 42% support compared with Kuczynski's 39%.

Peruvian presidential contender Keiko Fujimori has a slight lead over rival Pedro Pablo Kuczynski ahead of the June 5 run-off election, according to a poll published on Sunday. The two pro-business candidates emerged from a first round election on April 10.

Saturday, May 7th 2016 - 13:22 UTC

Venezuela accuses Washington and the opposition of plotting to overthrow Maduro

 “Venezuela has permanently been threatened by opposition forces in conjunction with imperial centers that support destabilization” claimed Delcy Rodriguez

Venezuela's foreign minister accused the United States of conspiring to topple President Nicolás Maduro's government in conjunction with Venezuela's opposition. Minister Delcy Rodríguez says the plot includes attempting to remove Maduro's government from the Organization of American States in conjunction with the organization's secretary-general, Luis Almagro.

Saturday, May 7th 2016 - 08:29 UTC

Falklands' MPA infrastructure to be upgraded with a £55.7 million contract

 The contract is for the upgrade of the main power station, main boiler house and district heating system, which have been in service for a number of years

A £55.7 million contract to upgrade infrastructure at MPA, in the Falkland Islands was signed this week between Southampton based Trant Engineering Ltd and the UK Defense Infrastructure Organization (DIO).

Thursday, May 5th 2016 - 21:12 UTC

Strong support for the Falkland’s right to self-determination on North American Tour

MLA Mike Summers (C) with British Consul General in Montreal Nick Baker & Economist Mario Iacobacci

Falkland Island’s Legislative Assembly member, Mike Summers, recently travelled to North America on a three week trip to gauge support for the Falklands’ right to self-determination from the new Canadian Government. In addition to visiting Canada, MLA Summers also made stops in Miami and the Bahamas.

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