Stories for February 2016

Saturday, February 27th 2016 - 04:27 UTC
Cristina Fernandez to court to explain her government's handling of the futures dollar market

An Argentine court on Friday ordered former President Cristina Fernandez to face questions about her government's handling of the futures dollar market, marking the first time she has been legally summoned for any of the handful of investigations against her.
Saturday, February 27th 2016 - 03:47 UTC
Uruguay reaffirms Argentina's Malvinas claim and its commitment to Falkland Islanders 'interests'

Uruguay's foreign ministry expressed on Friday its “most firm support” for the 'legitimate rights' of Argentina's sovereignty claim over the Malvinas Islands, other insular territories in the South Atlantic and surrounding maritime spaces, currently administered by the United Kingdom.
Saturday, February 27th 2016 - 03:37 UTC
Malvinas' conscripts demanding war veteran certificates, complete eight years of encampment in Plaza de Mayo

Eight Argentine former conscript soldiers have completed eight years running in a tent camp in Plaza Mayo, the heart of Buenos Aires City, demanding they be recognized as Malvinas war veterans since they argue, they were involved in defense and logistics duties along the Patagonia coast during the 1982 conflict with the United Kingdom.
Saturday, February 27th 2016 - 01:15 UTC
Argentina and Chile after friendly settlement over extradition of former guerrilla

Argentina will seek a friendly settlement with Chile regarding the long-standing bilateral conflict over the extradition of Galvarino Apablaza before the Inter-American Commission on Human Rights (IACHR). Apablaza is accused of involvement in the murder of a conservative Senator and kidnapping of a newspaper executive.
Friday, February 26th 2016 - 18:04 UTC
Infantino elected president of FIFA, after a surprise win in two rounds

FIFA elected on Friday Gianni Infantino to replace disgraced president Sepp Blatter in an unexpected turn of events. UEFA secretary general Gianni Infantino defeated expected frontrunner Sheikh Salman Bin Ebrahim Al Khalifa of Bahrain, former FIFA vice president Prince Ali Bin Al Hussein of Jordan and former FIFA executive Jerome Champagne.
Friday, February 26th 2016 - 11:02 UTC
Brazil's Vale reports record losses; puts prime assets on sale to lower debt

Brazilian miner Vale SA put its prime assets on the block on Thursday after taking the biggest loss in decades, but analysts said the target to make $10 billion in 18 months was unrealistic and expressed concern a fire sale could destroy equity value.
Friday, February 26th 2016 - 10:19 UTC
Total starts production at Argentine Tierra del Fuego offshore gas field

French oil company Total has started up production at the offshore Vega Pleyade gas and condensate field in the Tierra del Fuego region of Argentina. Operated by Total, the project will have a production capacity of 10 million cubic meters of gas per day (70,000 barrels of oil equivalent per day (boe/d)).
Friday, February 26th 2016 - 07:49 UTC
IMF warns global economy has weakened and is highly vulnerable to adverse shocks

The International Monetary Fund (IMF) said the global economy has weakened further and warned it was “highly vulnerable to adverse shocks” and the weakening has come “amid increasing financial turbulence and falling asset prices”.
Friday, February 26th 2016 - 07:46 UTC
French farmers furious with low prices and storm shops selling foreign goods

French government has been trying to defuse the week-long protests by farmers over the collapsing prices of agriculture including cereals, milk and vegetables.The depression of prices is partly due to EU agriculture ministers, who have come under pressure from the French government to ease Russian trade sanctions and to remove excess meat and dairy products off the European market.
Friday, February 26th 2016 - 07:19 UTC
Australian icebreaker stranded in Antarctica next to Mawson Station

Freezing winds are continuing to hamper the rescue of 68 people from an Australian icebreaker ship stranded in Antarctica. Aurora Australis was on a supply mission to Mawson Station when it broke its mooring and ran aground in Horseshoe Harbour on Wednesday.