Stories for May 2015

Wednesday, May 13th 2015 - 08:37 UTC
IDB 216m dollars loan for Uruguay to support construction of wind farms

The Inter-American Development Bank (IDB) continues to support the expansion of renewable energy in Uruguay through two financial packages, totaling 216 million dollars, which were approved for the private sector to finance part of the construction of the Colonia Airas and Valentines wind farms and their related works.
Wednesday, May 13th 2015 - 08:29 UTC
Petrobras still Latam's top company but fell to second-worst performer because of corruption losses

Brazil's state oil giant Petrobras remains Latin America's top company in revenues, but has lost its position as the profit leader after posting record losses last year due to a growing corruption scandal and administrative inefficiencies, according to a new ranking of the region's 500 largest companies from digital publication Latinvex.
Wednesday, May 13th 2015 - 08:21 UTC
Latam to debate controversial issue: 'post Washington Consensus' industrial policies

The Inter American Development Bank, IDB, has organized a seminar to discuss industrial policies in Latin America and the Caribbean in a post Washington-Consensus framework. Anemic economic growth in the region is in need of policy shot in the arm.
Wednesday, May 13th 2015 - 08:14 UTC
Remittances to Latin America and Caribbean beat the 2008 pre-crisis record

Remittances to Latin America and the Caribbean set a new record high in 2014 with 65bn dollars basically supported by the recovery of the economy and labor market in the United States, according to the latest release from the Inter American Development Bank.
Wednesday, May 13th 2015 - 08:05 UTC
Bolivia closer to Mercosur full membership; coming summit in Brasilia decisive

Bolivia is closer to becoming a full member of Mercosur following on Argentina's ratification of the Adhesion Protocol.
Wednesday, May 13th 2015 - 07:46 UTC
Asian countries in top five spots of OECD global schooling performance

The biggest global school rankings have been published, with Asian countries in the top five spots and African countries at the bottom. Singapore heads the table, followed by Hong Kong, with Ghana at the bottom. The UK is in 20th place, among higher achieving European countries, with the US in 28th.
Wednesday, May 13th 2015 - 07:37 UTC
Nisman's criminal case against President Cristina Fernandez was buried on Tuesday

The criminal case against President Cristina Fernandez was closed Tuesday when federal judges from Cassation Court accepted a prosecutor’s decision not to pursue accusations that she had conspired to shield Iranians suspected of planning the 1994 bombing of a Jewish community center in Buenos Aires.
Wednesday, May 13th 2015 - 07:21 UTC
Argentina's congress to begin evaluation of Justice Fayt's health condition

Argentina's Lower House Impeachment Committee has approved a motion to begin evaluations on the health of Supreme Court Justice Carlos Fayt, in order to determine whether the judge has the physical and mental capacity to continue in his post.
Wednesday, May 13th 2015 - 07:00 UTC
Cameron puts pressure on Europe for major changes and revamped links

Prime Minister David Cameron will hold an early referendum on membership of the European Union if he can first reach a deal that satisfies his demands for major changes in Britain's relationship with the bloc, his spokesman said yesterday.
Tuesday, May 12th 2015 - 22:03 UTC
Falklands' Isobel Deep drilling operations have recommenced

Energy company Rockhopper Exploration and Falkland Oil and Gas Ltd., have announced that drilling operations at Isobel Deep well have recommenced. Isobel Deep is located in the North Falklands basin and is part of the current round of drilling in Falklands' waters.