Stories for 13th 2015

Tuesday, April 21st 2015 - 07:12 UTC
New York governor and a large business delegation land in Havana

Governor of New York Andrew Cuomo arrived in the Cuban capital on Monday heading a large delegation of business people interested in learning firsthand the Cuban reality and making contacts for future business endeavors. Cuomo was welcomed at the José Martí International Airport by Josefina Vidal, head of the USA desk at the Cuban Foreign Ministry.
Tuesday, April 21st 2015 - 06:59 UTC
Argentine opposition gets most votes in primaries of two main electoral districts

Argentine opposition parties came ahead in the regional primaries for governors held on Sunday in two important electoral districts, Santa Fe and Mendoza. Argentina is holding general elections next October but the law makes mandatory the open, simultaneous and mandatory primaries, PASO, which also help to give an idea of the electoral map and political feeling of public opinion.
Tuesday, April 21st 2015 - 01:16 UTC
World Bank warns Latin America about permanent slowdown in the absence of structural reform

In its latest semiannual report, “Latin America Treads a Narrow Path to Growth: The Slowdown and its Macroeconomic Challenges,” the World Bank´s Office of the Chief Economist for Latin America and the Caribbean forecasts a fourth year of slow growth for the region.
Monday, April 20th 2015 - 23:59 UTC
China makes effective 5bn dollars loan to Venezuela for 'development plans'

China has awarded Venezuela 5 billion dollars for unspecified “development plans,” President Nicolas Maduro said on Sunday, approximately three months after an official visit to China. According to published reports, the loan is part of a 10 billion deal to be completed in the following months.
Monday, April 20th 2015 - 23:41 UTC
Uruguay insists with the EU trade accord, even leaving Mercosur aside

Uruguay's president Tabare Vazquez announced that when he meets with Brazil's Dilma Rousseff next month, they will consider as a priority how to get the Mercosur-European Union talks for a trade agreement rolling again.
Monday, April 20th 2015 - 23:36 UTC
Hapag-Lloyd orders five 10.500 box-ships to boost South American operations

Germany’s Hapag-Lloyd has clinched a new order for five 10,500 boxships to boost its South American operations. The vessels will be built by Hyundai Samho in South Korea for delivery between October 2016 and May 2017.
Monday, April 20th 2015 - 23:12 UTC
Rajoy admits the Rato case impacts on his party's support ahead of elections

Voters in Spain's Valencia region, a bastion of conservatism for two decades, are likely to desert Prime Minister Mariano Rajoy's party in droves in May's regional election, a poll published on Sunday found, in a taste of nationwide politics to come.
Monday, April 20th 2015 - 07:05 UTC
Cristina Fernandez leaves for Russia in the midst of energy controversy

Argentine president Cristina Fernandez is leaving this week for an official visit to Russia and controversy over the agreements to be signed has erupted following the publication of a letter in a Sunday newspaper signed by a group of former Energy secretaries who claim the accords compromise Argentina with a foreign country in the execution of highly costly works, like it was done with China”.
Monday, April 20th 2015 - 06:57 UTC
Has the U.S. reached “peak oil” at current price levels?

The United States Energy Information Agency once again capitulated on the myth that rig counts don't matter and the productivity of wells would largely offset, leaving the industry on a continuous path to higher output. The current consensus of 500,000 B/D additional growth in 2015 US production now appears very much at risk.
Monday, April 20th 2015 - 06:51 UTC
Brazil tells IMF it's working with Congress to restore fiscal balance and structural change

Brazil is working with Congress on a broad agenda of structural changes to improve the business climate, increase productivity and set price signals correctly to stimulate investment, announced Finance minister Joaquim Levy in his speech to the International Monetary and Financial Committee (IMFC) this weekend.