Stories for August 26th 2015

Wednesday, August 26th 2015 - 16:38 UTC
Chevening scholarships for 31 professionals from Uruguay

A record of 31 professionals from Uruguay have been awarded with Chevening scholarships to study courses in different disciplines in the United Kingdom. Chevening are UK government’s global scholarship program, funded by the Foreign and Commonwealth Office and partner organizations, such as Uruguay's research and innovation office, ANII.
Wednesday, August 26th 2015 - 07:10 UTC
Chinese stocks refuse to bounce back; Shanghai Composite dropped 16% this week

Chinese shares continued to lose ground despite the central bank's latest effort to reassure traders. The mainland's benchmark Shanghai Composite was down 1.1% to 2,930.23 points after a volatile open earlier. The index had already fallen about 16% this week, sending shockwaves through global markets.
Wednesday, August 26th 2015 - 07:02 UTC
“Using cheap money to tackle economic problems rather than reform must stop”

Central banks are under too much pressure to fix struggling economies, according to the man in charge of India's monetary policy. Reserve Bank of India governor Raghuram Rajan hinted that using cheap money to tackle economic problems - rather than painful reform - had to stop.
Wednesday, August 26th 2015 - 06:50 UTC
Magallanes suffers abrupt drop in economic activity in second quarter

Magallanes region in the extreme south of Chile suffered an abrupt and unexpected drop in economic activity during the second quarter of this year according to the latest release from the country's stats office, INE.
Wednesday, August 26th 2015 - 06:46 UTC
Brazil economy to contract 2.06% and 0.24% next year, says Central bank survey

Analysts expect Brazil's economy to contract by 2.06% this year, with the inflation rate coming in at 9.29%, the Central Bank said Monday. GDP estimates come from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.
Wednesday, August 26th 2015 - 06:36 UTC
World Dog Day celebrated with and online interactive info-graphic

Around the world humankind benefits from its relationship with dogs; a truth which is at the core of World Dog Day, celebrated annually on the 26th August. In recognition and celebration of the age-old union between Man and Dog, HealthforAnimals has created an online interactive info-graphic, detailing the many valuable roles dogs perform in societies all around the world.
Wednesday, August 26th 2015 - 06:21 UTC
INIDEP to build a research branch in Santa Cruz province

Argentina's Fisheries Research and Development Institute, INIDEP will set up a branch in Caleta Oliva, Santa Cruz province, which is to be financed with matching funds from the Inter American Development bank and the Argentine government.
Wednesday, August 26th 2015 - 06:12 UTC
US NOAA to investigate whale stranding as an “unusual mortality event”

The U.S. National Oceanic and Atmospheric Administration (NOAA) has declared the recent deaths of 30 large whales in the western Gulf of Alaska an “unusual mortality event,” triggering a focused, expert investigation into the cause. An unusual mortality event is a stranding event that is unexpected, involves a significant die-off of a marine mammal population and demands immediate response.
Wednesday, August 26th 2015 - 06:08 UTC
China gives banks more leeway and pumps liquidity to the system

China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe.
Wednesday, August 26th 2015 - 06:00 UTC
Shell given a foothold at Argentina's vast shale resources in Neuquén

Anglo-Dutch energy giant Shell made a stride forward in its push for part of Argentina’s nascent shale oil pie after the Neuquen province government gave it the rights to exploit two unconventional oil areas in the much-coveted Vaca Muerta region for the next 35 years.