Stories for November 25th 2015

Wednesday, November 25th 2015 - 08:41 UTC
A rancher close to Lula da Silva arrested on Petrobras corruption probe

Brazilian authorities working on the country’s huge Petrobras corruption probe arrested Jose Carlos Bumlai, a rancher reportedly close to powerful former president Luiz Inacio Lula da Silva.
Wednesday, November 25th 2015 - 08:33 UTC
Commodities prices hovering at 13-year lows; metals suffered the most

Commodities hit 13-year lows on Monday as metals markets crashed but a steady close in oil and higher grains markets helped a key sector benchmark settle off the day's trough. Copper and nickel prices fell to multi-year lows, forcing the Thomson Reuters/Core Commodity CRB Index to its lowest levels since November 2002.
Wednesday, November 25th 2015 - 08:22 UTC
Mercosur ready to begin political negotiations for the trade agreement with the European Union

Mercosur is only waiting for the European Union to begin the political negotiations on the long delayed overall trade agreement, announced Paraguay's foreign minister Eladio Loizaga in Asunción, just back from Brussels where he met with EU and Belgian officials.
Wednesday, November 25th 2015 - 08:09 UTC
An Anti-incumbency Vote Whose Effects Will be Seen Beyond Argentina

By Rengaraj Viswanathan (*) Mauricio Macri’s win will inspire the centre-right opposition parties that hope to replace leftist governments in Brazil and Venezuela but it is too early to declare, as some observers are doing, that the result marks the end of the Left in the region
Wednesday, November 25th 2015 - 07:50 UTC
Falklands' oil industry deal: Rockhopper will take over FOGL for £57.1m

Falkland Islands oil & gas explorer Rockhopper Exploration is launching a £57.1mln takeover of rival Falkland Oil & Gas. Rockhopper and FOGL have agreed a recommended all-share merger resulting in Rockhopper holding 65% of the enlarged group and FOGL owning the rest.
Wednesday, November 25th 2015 - 07:35 UTC
Mujica wishes Argentina and Macri 'the best', but has fears about 'institutional stability'

Two days after Mauricio Macri's victory in Argentina, Uruguay's former president Jose Mujica wished Argentina “the best” with its new government, but also expressed fear about the 'institutional stability' of the country.
Wednesday, November 25th 2015 - 07:21 UTC
UK expects new Canadian government will continue to support Falklands

The UK government is looking forward to working with the new government of Argentina and hopes the people of the Falkland Islands will not suffer the bellicosity shown by the current administration, said Foreign Office minister Hugo Swire in Parliament.
Wednesday, November 25th 2015 - 07:03 UTC
Macri names top UN official as Argentina's next Foreign Minister

President-elect Mauricio Macri has tapped a top United Nations official to be Argentina's next foreign minister. Macri announced on his Facebook page on Tuesday that he picked Susana Malcorra, Cabinet chief for U.N. Secretary General Ban Ki-moon since 2012.
Wednesday, November 25th 2015 - 00:18 UTC
UK and insurance industry committed to ensure compliance with illegal fishing regulations

The Foreign and Commonwealth Office (FCO) and the Marine Management Organization (MMO) co-hosted a workshop on ensuring global compliance with illegal, unreported and unregulated (IUU) fishing regulations, demonstrating the UK’s continued lead in the fight against illegal fishing.
Wednesday, November 25th 2015 - 00:02 UTC
Falklands' oil industry re-spuds Isobel Deep reservoir

Falkland Oil and Gas Limited, FOGL, one of several international companies involved in the Falklands' oil industry, announced on Monday that the 14/20 Isobel 2 well was spudded by Premier Oil as operator on Saturday, 21 November.