Stories for April 2015

Saturday, April 25th 2015 - 05:41 UTC
Argentine economy picking up boosted by agriculture; manufacturing continues downfall

Economic activity in Argentina expanded 1.4% in February compared to the same month last year, boosted by the agricultural sector and a hike in consumption, making it the highest increase since January 2014, according to the latest release from the country's stats office, Indec.
Saturday, April 25th 2015 - 05:08 UTC
Falklands and replacing the dollar, priorities for Argentina/Moscow agenda, argues Russian ex diplomat

The cooperation agreements recently signed by Argentina with Russia could be a Buenos Aires' response to the situation with the disputed Falkland Islands territories, former Russian ambassador to Argentina Evgeny Astakhov told the Russian news agency, Sputnik International on Friday.
Saturday, April 25th 2015 - 04:52 UTC
Chilean volcano ashes reach Uruguay and will cover the whole territory

Uruguay's emergency system, Sinae confirmed on Friday that the ashes from Chile's Calbuco volcano eruption have reached the country and on Saturday will cover the whole of the territory, with some dust precipitations linked to the phenomenon expected.
Friday, April 24th 2015 - 22:26 UTC
Ocean leaders on track to achieve nine million tons of MSC sustainable seafood

The Marine Stewardship Council (MSC) celebrated this Wednesday 15 years of MSC certified seafood and recognized the ‘leaders for living oceans’ that are driving growth and success in the sustainable seafood market.
Friday, April 24th 2015 - 22:08 UTC
Eight first convictions in Petrobras corruption case including a former manager

The Brazilian judge overseeing the investigation into alleged corruption at Petrobras on Wednesday convicted eight people of crimes related to kickbacks and bribery. Judge Sergio Moro found former Petrobras executive Paulo Roberto Costa and currency dealer Alberto Youssef guilty of money laundering, and Mr. Costa of belonging to a criminal organization.
Friday, April 24th 2015 - 08:59 UTC
Cristina Fernandez tells Russian television she has no favorite presidential candidate

Argentine President Cristina Fernández revealed on Thursday she does not have any favorite presidential candidates for the upcoming October elections, and eluded to answer about her future in politics during an interview with RT Moscow during her official visit in Russia.
Friday, April 24th 2015 - 08:51 UTC
Petrobras normalizing links with investors on improved governance and transparency

With the release of audited financials, Brazilian oil giant Petrobras believes it has started to normalize its relationship with investors and to implement better corporate governance in the wake of the financial scandal that has rocked the company, its chief financial officer said on Thursday.
Friday, April 24th 2015 - 08:43 UTC
Good news for Brazil: economy adds jobs for the first time since November

Brazil's economy added jobs in March for the first time since November, government data showed on Thursday, suggesting the country's likely recession may not be as severe as many economists feared. Factories, farms and services companies in Brazil added a net 19,282 jobs in March, the Labor Ministry said, topping market expectations for 25,000 net firings.
Friday, April 24th 2015 - 08:25 UTC
Deutsche Bank agrees to pay 2.5bn fine for manipulating the LIBOR rate

The New York State Department of Financial Services (NYDFS) announced Thursday that Deutsche Bank had agreed to pay 2.5 billion (2.3 billion Euros) to US and UK authorities as part of a legal settlement over the bank's role in manipulating the London Interbank Offered Rate (Libor).
Friday, April 24th 2015 - 08:08 UTC
EU regulators Russia's Gazprom of abusing dominant position; fine could reach 16bn

Russia’s biggest gas utility, Gazprom, was hit with an antitrust case by European Union regulators for “abusing” its dominant position and overcharging customers for gas supplies. The investigation against the Gazprom has been ongoing for two years.