Stories for March 5th 2015

Thursday, March 5th 2015 - 13:05 UTC
Here's what will send oil prices back up again

Oil's rapid decline since August of last year has been dramatic. To listen to some commentators you would also think it is unprecedented and irreversible. Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will.
Thursday, March 5th 2015 - 11:05 UTC
WHO calls on countries to reduce sugars intake among adults and children

A new WHO guideline recommends adults and children reduce their daily intake of free sugars to less than 10% of their total energy intake. A further reduction to below 5% or roughly 25 grams (6 teaspoons) per day would provide additional health benefits.
Thursday, March 5th 2015 - 10:31 UTC
P&O Cruises Britannia calls at Gibraltar on her way to England

The biggest ship designed exclusively for Britain, Britannia called at Gibraltar on Tuesday and is due to return for a formal inaugural call on March 17. The vessel is P&O Cruises latest “modern classic”, heralding what it calls a new era of holiday choice.
Thursday, March 5th 2015 - 08:23 UTC
US Judge names lead plaintiff in class-action lawsuit against Petrobras

A U.S. federal judge on Wednesday named a trustee of a British pension fund as the lead plaintiff in a class-action lawsuit against Brazil's state-run oil company Petrobras and its top executives.
Thursday, March 5th 2015 - 08:17 UTC
Brazil raises benchmark interest to 12.75%, highest level since 2009

Brazil’s central bank raised its benchmark interest rate to 12.75% Wednesday, the highest level since 2009, as it struggles to get price increases under control amid sluggish economic growth and deepening political turmoil.
Thursday, March 5th 2015 - 07:39 UTC
Prosecutor appeals ruling dismissing Argentine president involvement in Iran cover up complaint

While Argentina's Federal Prosecutor Gerardo Pollicita filed an appeal against Judge Daniel Rafecas’ ruling dismissing late Alberto Nisman’s AMIA cover-up complaint against President Cristina Fernández and top administration officials, the government published in major newspapers an ad praising Rafecas' decision and suggesting a 'destabilization plan'.
Thursday, March 5th 2015 - 07:25 UTC
Car sales in Argentina plunge; worst February since 2009

The second month of the year marked another negative result for auto sales in Argentina, which dropped 28% compared to February last year, showing how the sector’s downward trend appears to have no end in sight. Only 41,998 vehicles were sold last month, according to the ACARA Argentine car dealership association, the lowest figure for the month since 2009.
Thursday, March 5th 2015 - 07:11 UTC
Rousseff faces a revolt in Congress from her ruling coalition main ally

Brazilian President Dilma Rousseff, (and her political mentor Lula da Silva), raced on Wednesday to defuse a rebellion by legislators upset about her budget austerity plans and her handling of a corruption scandal at state-run oil company Petrobras, which now threatens political stability.
Thursday, March 5th 2015 - 06:41 UTC
Malvinas war veterans will take their torture case to an international court

Malvinas war veterans who had claimed to be victims of abuse and torture by their superior officers during the Falklands conflict of 1982 will take the matter up with the Inter-American Commission on Human Rights (IACHR), the CECIM centre of former soldiers from La Plata announced.
Thursday, March 5th 2015 - 06:23 UTC
UK/Latam links have seen 36% rise in trade and investment, says minister

Foreign Office minister Hugo Swire underlined the growing links of the United Kingdom with Latin America during the state visit of president Enrique Peña Nieto from Mexico, a country with which he feels a close affinity, and is 'integral to the success of the UK”.