Stories for December 4th 2014

Thursday, December 4th 2014 - 06:06 UTC
Ecuador to combat IUU fishing as part of trade agreement with the EU

Ecuador's Deputy Minister of Aquaculture and Fisheries organized a workshop with representatives from various government institutions related to port and maritime fisheries control in the country in order to develop a National Action Plan to prevent, deter and eliminate illegal, unreported and unregulated (IUU) fishing.
Thursday, December 4th 2014 - 05:51 UTC
Falling oil prices comes as a blessing for dollar-short Argentina

The slump in global oil prices will reduce Argentina's energy import bill by several billion dollars, a development that could ease pressure on the Central Bank’s strained foreign-currency reserves, according to Economy minister Axel Kicillof.
Thursday, December 4th 2014 - 05:43 UTC
Maduro's regime charges opposition leader Corina Machado with 'sedition'

Venezuela has indicted hard-line opposition leader María Corina Machado on charges of sedition claiming she took part in an alleged plot to kill president Nicolas Maduro, the state prosecutor's office confirmed.
Thursday, December 4th 2014 - 05:34 UTC
Cristina's immunity when she steps down, becomes a political topic

Argentine Cabinet chief Jorge Capitanich denied that a bill to choose the members of Mercosur Parliament (Parlasur) through popular vote had a hidden agenda for granting immunity for President Cristina Fernandez after 2015, as was denounced by Buenos Aires Clarin newspaper.
Thursday, December 4th 2014 - 05:28 UTC
UK to tax multinationals that siphon profits into low-tax havens

Britain plans to introduce a tax to target multinationals such as Google and Amazon accused of using complex accounting schemes to cut their payments on earnings in the country.
Thursday, December 4th 2014 - 05:09 UTC
Rousseff promises JPMorgan investors a balanced budget and full support of Levy

President Dilma Rousseff said in a letter to investors that one of the main priorities of her second term will be to put Brazil's fiscal accounts in order, sending a strong message that her administration will adopt more market-friendly policies.
Thursday, December 4th 2014 - 05:03 UTC
Brazil raised the basic interest rate 50 basic points to 11.75%

Brazil's central bank on Wednesday raised its key interest rate by 50 basis points to 11.75%. The rise came on the back of a one quarter point rise just over a month ago which was the first since April and in the wake of populist Dilma Rousseff's re-election as president, who last week appointed a new finance team to tackle rising inflation.
Thursday, December 4th 2014 - 04:54 UTC
Pacific Alliance integrated stock markets, MILA, begins operations from Mexico

Mexico's stock exchange on Tuesday carried out its first operation as a member of the Latin American Integrated Market, or MILA, which connects it to bourses in Chile, Colombia and Peru, MILA said in a statement. The four countries are members of the Pacific Alliance an open market, pro business and foreign investment group created in 2012.