Stories for January 2016

Friday, January 8th 2016 - 18:15 UTC
Petrobras plans further 2016/20 investments cuts, says Sao Paulo media

Brazil state-run hydrocarbons giant Petrobras will reportedly present a five-year investment plan next month with a target lower than the US$19 billion plan announced last year. Despite two budget cuts last year, Petrobras' plans for the 2016 to 2020 period will include a further drop, with the cuts expected to come from onshore and shallow-water areas, according to a report in the Brazilian daily Estado de S Paulo.
Friday, January 8th 2016 - 18:13 UTC
Macri's Argentina forecasted to grow 0.7% this year and rebound to 1.9% in 2017

The World Bank lowered its forecast for Argentine growth for the next two years, noting it expected the economy to see a large rebound in 2018 thanks to the monetary and fiscal policies implemented by President Mauricio Macri’s administration.
Friday, January 8th 2016 - 11:51 UTC
Rousseff vows 'fiscal belt-tightening' but 'there's no rabbit in the hat' for the current situation

Brazilian president Dilma Rousseff vowed Thursday that her administration would strive for fiscal belt-tightening and look to keep inflation in check in 2016, saying achieving those goals would help lift the economy out of recession.
Friday, January 8th 2016 - 11:46 UTC
Venezuela's problems are because it's “too capitalist” says new Economy czar

President Nicolas Maduro is doubling down on his existing economic policies with the appointment of a young leftist hardliner to head the country's dilapidated economy, setting the stage for confrontation between the ruling socialist party and the newly powerful opposition.
Friday, January 8th 2016 - 11:32 UTC
Chavez images and cult, new arena of dispute between Maduro and opposition

Venezuela's government upped the ante Thursday against the new opposition-led Congress with a protest against the removal of images of venerated late populist leader Hugo Chavez and a legal appeal against the swearing-in of three legislators.
Friday, January 8th 2016 - 11:06 UTC
Argentina and Uruguay will bid to jointly host 2030 World Cup

Uruguayan President Tabare Vazquez and Argentine counterpart Mauricio Macri agreed on Thursday that their countries will present a joint bid to host the World Cup in 2030, a century after Uruguay was the site of the first tournament.
Friday, January 8th 2016 - 08:06 UTC
Macri and Vazquez marked the beginning of a new chapter in bilateral relations

Uruguay and Argentina presidents Tabare Vazquez and Mauricio Macri made on Thursday several announcements referred to bilateral issues indicating relations between the two neighboring countries have effectively improved following years of tension and misunderstandings with the governments of Nestor Kirchner and Cristina Fernandez.
Thursday, January 7th 2016 - 09:27 UTC
Uruguay's 2016 Antarctic campaign takes off; ship to deliver 250 tons of fuel and 40 tons of supplies

Uruguayan navy rescue vessel ROU 26 “Vanguardia” left this week from Montevideo for Antarctica loaded with fuel and provisions for the country's scientific base “General Artigas” at King George Island.
Thursday, January 7th 2016 - 09:19 UTC
Rockhopper faces challenge with offshore exploration project in Italy

Rockhopper Exploration PLC on Wednesday was forced back to the drawing board to review its Ombrina Mare project offshore Italy after the country's parliament reintroduced restrictions on activity near the coast. The news could be a blow to the company, which is set to merge with Falkland Oil & Gas Ltd, after Falkland Oil shareholders approved the deal on Tuesday.
Thursday, January 7th 2016 - 09:13 UTC
UN declares 2016 the International Year of Pulses

The United Nations 68th General Assembly declared 2016 the International Year of Pulses (IYP) and FAO (Food and Agriculture Organization) has been nominated to facilitate the implementation of the Year in collaboration with Governments, relevant organizations, non-governmental organizations and all other relevant stakeholders.