Argentina's Federal Fisheries Council (CFP) has reassigned hake (Merluccius hubbsi) catches for the remainder of the year. According to Resolution 8/14, published in the Official Gazette, the vessel owners that considered themselves unable to capture the entire allocated hake quota, can partially return it to a reserve fund for future reallocation.
The Falkland Islands Fisheries Department has reported this year that squid fishing generated the largest annual capture since records began, representing a major boost to the Islands economy.
Argentina still has “unresolved” issues preventing a settlement with bondholders suing the country for repayment after not participating in the country's restructurings following its 2002 default, a court-appointed mediator said Friday.
Industrial-activity data released this week added to worries that Brazil's economy, already in recession, is far from a strong recovery. The trade group National Confederation of Industry, CNI, said revenue for the Brazilian manufacturing sector fell 5.1% in July from a year earlier and rose 1.2% from June.
Latin America and the Caribbean have the largest share of homicides among children and adolescents in the world, revealed a UNICEF report released yesterday. According to the study, in 2012 alone, “more than 25,000 homicide victims in the region were below the age of 20 — representing about one quarter of all homicide victims worldwide.”
Argentina's Cabinet Chief Jorge Capitanich said on Friday that “many” creditors are willing to accept a change in payment location to collect their money as the ongoing legal dispute with the holdouts continues to endanger the country's international credit and reputation.
Brazilian President Dilma Rousseff has adopted a more combative re-election campaign strategy after opinion polls showed her trailing popular environmentalist candidate Marina Silva. Two election surveys this week showed Rousseff was the frontrunner in the first round ballot scheduled for October 5, but would lose to Silva, a former environment minister, in a likely runoff.