Stories for March 2015

Friday, March 27th 2015 - 08:23 UTC
Brazil's central bank forecasts economy will contract 0.5% and inflation climb to 7.9%

Brazil's economy will contract 0.5% in 2015 and inflation will climb to 7.9%, ending the year far outside the tolerance range, the Central Bank admitted on Thursday in its latest quarterly inflation report.
Friday, March 27th 2015 - 08:07 UTC
Petrobras engineering firm contractor files for bankruptcy

Brazilian engineering firm Galvao Engenharia said on Wednesday it filed for bankruptcy protection, as state-run oil company Petrobras cut off payments due to a broad corruption scandal in which it had been implicated.
Friday, March 27th 2015 - 07:52 UTC
International summit on oil and gas potential in Uruguay next June

Uruguay's oil and gas Government owned company, ANCAP, will join senior level delegation from international oil and gas operators on 11-12 June 2015 in Montevideo to analyze the potential of a region that has experienced significant advances since 2009.
Friday, March 27th 2015 - 07:38 UTC
UK biggest union and Labor affiliate pledges full support for Gibraltar with Ed Miliband

United Kingdom Unite boss Len McCluskey gave ‘the fullest of assurances’ that he would influence a future Labor government in Britain to respect the wishes of the people of Gibraltar in any dealings with Spain.
Friday, March 27th 2015 - 07:23 UTC
Argentina denies purchase of Russian aircraft but admits the Chinese option

Argentina 'never had in consideration' the possibility of purchasing fighter aircraft from Russia, such as the Sukhoi Su-24, to replace the aging French Mirages to be decommissioned by the end of the year, said Defense minister Agustín Rossi.
Friday, March 27th 2015 - 07:15 UTC
Mercosur is being left out of the main global trade flows, argues Uruguay

Mercosur is being left out of the main global trade flows since it only belongs to 1% of free trade treaties or tariff preference agreements, which actually represent half of world trade, said Uruguay's foreign minister Rodolfo Nin Novoa during a conference on “Education and regional integration”.
Thursday, March 26th 2015 - 15:40 UTC
Top Gear's Clarkson sacked; BBC admits the decision would “divide opinion”

Jeremy Clarkson's contract will not be renewed after an “unprovoked physical attack” on a Top Gear producer, the BBC's director general has confirmed. Tony Hall said he had “not taken this decision lightly” and recognized it would “divide opinion”, but he emphasized that “a line has been crossed” and he “cannot condone what has happened on this occasion”.
Thursday, March 26th 2015 - 14:41 UTC
Falklands' main import trading partner is the UK with 87% of all goods

The United Kingdom is the main import trading partner of the Falkland Islands with 87% of all imported goods coming from the UK in 2012 (Customs and Immigration 2013) with the rest imported mostly from Chile and Uruguay, according to the latest report on the Falklands' “State of the Economy”.
Thursday, March 26th 2015 - 09:46 UTC
North Chile heavy rain and flash flooding forces suspension of world's largest copper mines

Heavy rains in Chile's northern desert regions have caused mudslides and rivers to breach their banks, leaving residents stranded and forcing top copper miner Codelco to suspend mining operations.
Thursday, March 26th 2015 - 09:30 UTC
Timerman rejects Iran cover-up claims and again supports the MoU signed with Teheran

Argentina's Foreign Minister Hector Timerman has rejected the cover-up accusations made by Alberto Nisman before the AMIA special prosecutor was found dead in his Buenos Aires City apartment more than two months ago under unclear circumstances.