Stories for November 2015

Thursday, November 12th 2015 - 08:07 UTC
Petrobras striking workers consider salary offer but insist the company must reverse investment cuts

Brazil's energy giant Petrobras offered striking workers a 9.54% wage hike on Wednesday in an effort to end a 10-day strike and prevent it from causing further production losses. But union officials said the deal makes almost no concessions on their most important demands. These include calls on Petrobras to reverse investment cuts and block planned assets sales designed to reduce Petrobras' debt.
Thursday, November 12th 2015 - 07:49 UTC
Argentina's purchase of Israeli fighter jets will be left to next government

Argentine defence minister Agustin Rossi has announced that negotiations for new fighter jets are under way, but will be left to the next government to purchase. Rossi’s decision comes only a day after the Argentine government announced the purchase of Israeli manufactured Kfir fighters.
Thursday, November 12th 2015 - 07:29 UTC
Nephews of Venezuela's First Lady face US drug trafficing charges

Two nephews of Venezuela's first lady have been arrested in Haiti and taken to the US to face drug trafficking charges, US media reports say. Franqui Francisco Flores-de Freitas and Efrain Antonio Campo-Flores are accused of conspiring to smuggle 800kg of cocaine into the United States.
Wednesday, November 11th 2015 - 08:36 UTC
PM Cameron outlines UK's conditions to remain in the EU

Prime Minister David Cameron on Tuesday formally laid out Britain’s conditions for remaining in the European Union, seeking changes in his country’s relationship with Brussels that he is betting are substantial enough to win over a majority of British voters but modest enough for the rest of Europe to swallow.
Wednesday, November 11th 2015 - 07:35 UTC
Uruguay hopeful of a more 'flexible' Argentina whoever wins on 22 November

The Uruguayan government is hopeful that with president Cristina Fernandez no longer at the helm of Argentina, as of 10 December, a more flexible attitude can be expected from the newly elected authorities, particularly regarding Uruguay's intention of signing trade agreements with third parties, if Mercosur is not interested in such commitment.
Wednesday, November 11th 2015 - 07:25 UTC
Argentine agro-business shares booming on presidential candidates' pledges

Argentina's agro-business shares are booming in the Buenos Aires stock exchange since 26 October, following the first round of the presidential election, and expectations are even greater on the promises from the two candidates that will be disputing the runoff on 22 November.
Wednesday, November 11th 2015 - 07:07 UTC
Brazil's mining disaster impacts BHP Billiton shares on fears of cleanup costs

Investors continued to dump shares in mining giant BHP Billiton Ltd. following the deadly dam burst last week at its jointly owned iron-ore mine in Brazil, even as the company sought to clarify responsibility for the disaster that has already claimed the lives of three people.
Wednesday, November 11th 2015 - 06:47 UTC
Argentina to purchase Israel fighter jets, according to defense media reports

After almost two years of negotiations and endless speculations surrounding the question of what fighter jet Argentina would go for, Argentine media report that a decision has been made to purchase the IAI Kfir jets to replace the Air Force’s Mirages. According to the report, in Interdefensa Militar Argentina, the decision is currently awaiting final approval from the Cabinet.
Wednesday, November 11th 2015 - 06:34 UTC
Catalonia acting premier Mas rebuked by secession coalition partner

Catalan government’s partner in the secessionist drive, the small anti-capitalist CUP party, on Tuesday confirmed that its preferred candidate to head the region following the September 27 election is not acting premier Artur Mas.
Wednesday, November 11th 2015 - 06:11 UTC
Argentina's Supreme Court orders YPF to publicly release 2013 contract with Chevron

Argentina's supreme court has ordered state-controlled YPF to publicly release all clauses of a 2013 contract with Chevron to develop shale oil in the country's vast Vaca Muerta formation. In a 3-1 ruling, the justices sided with opposition Socialist Senator Hector Ruben Giustiniani, ruling that the state's 51% stake in the firm effectively makes it a public company subject to transparency laws.