Stories for 2015

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.
Friday, November 20th 2015 - 07:24 UTC
Ten US cities selected to host the Copa America Centenario next June

The one-off Copa America Centenario will be played in 10 cities across the United States next summer. On Thursday, U.S. Soccer and CONCACAF, soccer's regional governing body, announced the final venues winnowed down from the list of two dozen interested markets released in January.
Friday, November 20th 2015 - 07:10 UTC
Chile's football association chief turns in to US authorities as part of the ongoing FIFA probe

The president of Chile's ANFP national football association Sergio Jadue has gone to the United States to talk to the FBI as part of its ongoing probe into corruption at soccer governing body FIFA, Santiago media reported.
Friday, November 20th 2015 - 05:48 UTC
UK Export Finance extends US$ 500m credit to debt-strapped Petrobras

Brazil's oil company Petrobras has concluded negotiations with international export credit agencies (ECAs) for a total of US$1.84bn. According to a company statement. The financing will contribute towards its fundraising efforts for 2016.
Thursday, November 19th 2015 - 22:30 UTC
Falklands' cruise rescue operation live-tested and successfully completed

Passengers and crew forced to abandon a cruise ship due to a fire in the engine room causing loss of power, were all safe and without injury in Stanley yesterday morning. This followed a complex rescue and care mission comprising British Forces from Mount Pleasant, Government emergency services, the ship’s agents Sulivan Shipping and with support from local farmers.
Thursday, November 19th 2015 - 07:55 UTC
Argentina's fiscal deficit 3.5% of GDP, says minister Kicillof

Argentina will likely end the year with a fiscal deficit of 3.5% of GDP, Economy Minister Axel Kicillof said on Wednesday, rejecting estimates by the opposition for a deficit around twice as high.
Thursday, November 19th 2015 - 07:49 UTC
Rousseff's just manages to uphold vetoes on spending bills; greater challenge in the pipeline

Brazil's Congress has upheld President Dilma Rousseff's vetoes of two bills to raise public spending, a victory for the embattled leader as she tries to close a gaping fiscal deficit and regain investors' confidence.