Stories for August 6th 2014

Wednesday, August 6th 2014 - 21:21 UTC
Latam food prices at slow growth rate for third month running, says FAO

FAO’s Monthly Food Price Report notes that food prices in Latin America and the Caribbean reduced their growth rate for the third consecutive month. Regional food inflation increased only 0.5% in June, down from 1% in May and 1.2% in April, which is particularly relevant for the poorest, who spend a larger proportion of their income on food.
Wednesday, August 6th 2014 - 08:54 UTC
US and India clash over food security clause at WTO and suspends TFA protocol

The failure of the two major players in global trade negotiations to bridge their differences has put paid to the adoption of the protocol of amendment for implementation of the contested Trade Facilitation Agreement (TFA) for the time being.
Wednesday, August 6th 2014 - 08:47 UTC
Caribbean Chikungunya cases over half a million, says PA health organization

The Pan American Health Organization (PAHO) says the number of new cases of the Chikungunya in the Caribbean increased by nearly 38,000 last week with the Dominican Republic having the most cases.
Wednesday, August 6th 2014 - 08:28 UTC
Plaza de Mayo Grand-mothers head finally gets to know her kidnapped grandson born in captivity

The 83-year-old head of the Argentine human rights movement which works to track down babies stolen by the country's brutal 1976-83 military dictatorship has found her grandson after a 35-year search, a relative said on Tuesday.
Wednesday, August 6th 2014 - 08:18 UTC
Israel disturbed with Mujica's use of 'genocide' to describe the situation in Gaza

Israel is disappointed and concerned with Uruguayan president Jose Mujica statement that described the Israeli offensive in Gaza as’genocide’, pointed out Jerusalem's new ambassador to Montevideo, Nina Ben-Ami. “These are not words to be used by a friend; we're friendly countries going through a difficult moment”.
Wednesday, August 6th 2014 - 08:02 UTC
Argentina will demand Citibank and BONY to pay exchange bondholders

The Argentine Government will formally demand that Citibank and the Bank of New York Mellon pay exchange bondholders, the Economy Ministry informed on Tuesday in a press release.
Wednesday, August 6th 2014 - 07:57 UTC
Brazil denies any 'stagflation' and forecasts economy with 'reasonable' growth level in 2015

Brazil is far from stagflation, central bank chief Alexandre Tombini said on Tuesday, forecasting the economy will pick up speed and inflation will ease in coming months. In similar terms Economy minister Guido Mantega said the economy should pick up in the second half of the year after a slow start and hit more “reasonable” growth levels in 2015.
Wednesday, August 6th 2014 - 07:46 UTC
Briton involved in World Cup tickets scam released from jail but must remain in Rio

British World Cup ticketing executive who allegedly took part in a scam to sell millions of dollars worth of fraudulent tickets was ordered to be released from prison Tuesday while awaiting trial in Brazil.
Wednesday, August 6th 2014 - 00:20 UTC
Hanover TUI line orders new vessels as Germany is set to become Europe's main cruise market

Germany's TUI Cruises, a joint venture of TUI AG and Royal Caribbean Cruises Ltd. are planning to spend as much as 2 billion Euros for four new vessels to meet increased European demand for cruise holidays. TUI Cruises expects Germany to overtake the UK as Europe's largest cruise market.
Wednesday, August 6th 2014 - 00:12 UTC
Paraguay sells 1 billion dollars in 30-year sovereign bonds

Paraguay sold 1bn (one billion) dollars in 30-year bonds on Monday in New York, its second international debt issue in less than two years. President Horacio Cartes said in a statement that the issue's 6.1% yield is unprecedented for the country, and that the proceeds will be used for highway, building and energy infrastructure, as well as agricultural production.