Stories for May 2015

Thursday, May 7th 2015 - 06:01 UTC
Uruguay's economy 'strong enough' to navigate in challenging environments

Uruguay's economy is “strong enough to navigate in a challenging global and regional environment” in which the U.S. dollar is strong and inflation is starting to rise, Uruguayan Central Bank, (BCU), chairman Mario Bergara said during a conference in Montevideo where he discussed the central bank's mission in the current world environment.
Thursday, May 7th 2015 - 05:56 UTC
Probing Petrobras corruption scandal becoming tougher for prosecutors

Brazil's Supreme Court ordered another engineering executive released from jail on Wednesday, complicating prosecutors' efforts to expand the current corruption investigation at Petrobras.
Thursday, May 7th 2015 - 05:22 UTC
US for third year running main wheat supplier for Brazil displacing Argentina

For a third year in a row the United States will be the top wheat supplier for Brazil, displacing Argentina from its historic position, according to the latest release from Brazilian consultancy Trigo & Farinhas. This piece of information is significant given the world prices for grains and wheat planting prospects in South America.
Wednesday, May 6th 2015 - 18:40 UTC
Is this where investors should be looking when oil recovers?

When oil prices recover-and plenty of analysts think the climb back up will start soon-Canada's western frontier of Saskatchewan and neighboring Alberta will 'still have the edge'', according to a report from TD Economics. Depressed oil prices may have skewed the view from Canada's oil-producing west, but this will be one of the better places to bet on the oil rebound.
Wednesday, May 6th 2015 - 17:36 UTC
Brazil's securities regulator CVM formally accuses Petrobras former board members

Brazil's securities industry regulator accused the former board of state-run oil producer Petrobras of setting a fuel pricing policy that misguided investors and hurt the company.
Wednesday, May 6th 2015 - 17:24 UTC
Petrobras awarded in Houston highest recognition for offshore oil operators

Petrobras’ Exploration and Production Director, Solange Guedes, received the OTC Distinguished Achievement Award for Companies, Organizations and Institutions, the highest recognition that an oil company can be given as an offshore operator.
Wednesday, May 6th 2015 - 07:16 UTC
Brazilian leading bank prepares ahead of the country's 'steepest recession in two decades'

Itaú Unibanco Holding SA, one of Brazil's strongest and leading banking groups is provisioning more for loan losses and curbing loan book growth in a bet that careful risk management will help the bank navigate the country's steepest recession in over two decades.
Wednesday, May 6th 2015 - 07:10 UTC
OAS deploys electoral observation mission for Guyana Sunday's election

The Organization of American States has started the deployment of the Electoral Observation Mission of the Organization of American States to the general and regional elections scheduled iin Guyana for Sunday May 11. This is the fifth time the OAS has observed elections in Guyana, following Missions in 1997, 2001, 2006 and 2011.
Wednesday, May 6th 2015 - 07:04 UTC
Uruguay calls for an end to Mercosur 'hollow rhetoric' which undermines jobs

Uruguay's foreign minister Rodolfo Nin Novoa called on Mercosur to overcome “hollow rhetoric” and advance towards the elimination of barriers which restrict access to other markets and intra-region trade.
Wednesday, May 6th 2015 - 06:55 UTC
Pope Francis will receive Cuba's Raul Castro on private visit next Sunday

Pope Francis and Cuban President Raul Castro will meet privately on Sunday at the Vatican, a spokesman said, four months before the pontiff's trip to the Caribbean island, his first as leader of the Catholic Church.