Stories for November 2015

Saturday, November 21st 2015 - 08:48 UTC
Macri honors 'Pachamama' and Scioli bewares 'the savage capitalism demon' on closing election rallies

Argentine presidential opposition candidate Mauricio Macri closed his campaign ahead of Sunday 22 November runoff calling for change and unity while the incumbent hopeful Daniel Scioli said the option was between 'a development inclusive project' or the “savage capitalism demon”.
Saturday, November 21st 2015 - 08:30 UTC
UN Security Council authorizes “all necessary measures” to fight ISIS

The UN Security Council on Friday (Nov 20) authorized countries to “take all necessary measures” to fight the Islamic State in Iraq and Syria (ISIS) group in a resolution that won unanimous backing a week after the Paris attacks.
Saturday, November 21st 2015 - 08:20 UTC
EU and Mercosur will propose WTO an accord to end agriculture export subsidies

The European Union and Brazil representing Mercosur (Argentina, Brazil, Paraguay and Uruguay), are proposing the World Trade Organization agree to end agricultural export subsidies at a meeting next month. The proposal backers also include New Zealand.
Saturday, November 21st 2015 - 08:09 UTC
High expectations in Argentina of a record soybean sowing in 2015/16

Argentina's much-watched soybean sowings will set a record this season, but the country is heading for a weaker wheat harvest, despite ideas of “very good” yields, the country's farm ministry said. In its first estimate the ministry said soybean sowings for 2015-16, pegged area at 20.6m hectares, a rise of 800,000 hectares year on year.
Saturday, November 21st 2015 - 08:01 UTC
Petrobras back to normal activity as splinter union ends 20-day strike

Earlier on Friday a key Petrobras workers union voted to end a 20-day strike that disrupted output. Workers at the Sindipetro Norte Fluminense local, who had ignored the largest oil workers' union FUP's call to end the strike that started on November first, will return to work Friday evening at onshore operations, union spokesman Tezeu Bezerra.
Saturday, November 21st 2015 - 07:20 UTC
Le Boreal cruise passengers will be leaving Falklands over the weekend

The Falkland Islands Government confirmed on Friday that travel arrangements are now in place for the crew and passengers who were evacuated from the stranded cruise Le Boreal on Wednesday 18th November, to return home. Two flights have been coordinated, one departing Saturday and the following on Sunday.
Friday, November 20th 2015 - 10:16 UTC
BHP Billiton and Vale face civil lawsuit of US$ 3.69bn over dam collapse in Brazil

A BHP Billiton and Vale joint venture in Brazil is facing its first civil lawsuit over the dam collapse at its iron ore mine on November 5 that buried a town and contaminated the region's main river.
Friday, November 20th 2015 - 09:44 UTC
Brazilian economic activity contracts for the fourth straight quarter

Economic activity in Brazil contracted for the fourth straight quarter, central bank data showed this week as Latin America's biggest economy plunges further into recession. The bank's IBC-Br economic activity index indicates economic activity fell 1.41% in the third quarter from the previous three months.
Friday, November 20th 2015 - 07:47 UTC
Goldman Sachs forecasts another miserable year for commodities in 2016

A slowdown in China, which gobbled up raw materials everywhere from Australia to Chile, exacerbated a supply glut in most major commodities. And Goldman Sachs thinks the pressure is likely to persist as it noted its underweight position in commodities for the next 12 months.
Friday, November 20th 2015 - 07:36 UTC
Brazil considering plan to bolster Petrobras capital with 'hybrid securities'

Brazil’s government is considering a debt plan to bolster the capital of heavily indebted state-controlled oil Petrobras, Agencia Estado news agency reported on Thursday. Under the plan, the Brazilian Treasury would transfer so-called hybrid securities to Petrobras, which would then book the securities as equity until it sold new stock, Estado reported.