Stories for May 2nd 2016

Monday, May 2nd 2016 - 20:11 UTC
St Helena postpones official opening of the new airport

The St. Helena Government confirms that further safety and operational work is required prior to the Official Opening of the Island’s new Airport – and that this event has therefore been postponed. While this means that the Airport will not officially open on 21 May 2016 as originally planned, the safety of aircraft and passengers is of course paramount.(MP, 15 and 19 April).
Monday, May 2nd 2016 - 11:54 UTC
Temer anticipates support of constitutional reform, and would step down in 2018

Vice-president Michel Temer patiently preparing a coalition and a basic program if Dilma Rousseff is finally impeached said he will not be standing as a candidate for Presidency in 2018. Furthermore, he said he will support the proposal to end presidential re-election in Brazil.
Monday, May 2nd 2016 - 08:51 UTC
With a subsidy production scheme, Argentina is back exporting oil, mainly to China

Argentine oil producers are shipping record volumes of crude this month, spurred by a new government subsidy that has also prompted state-owned oil company YPF to return to the export market for the first time in years.
Monday, May 2nd 2016 - 08:39 UTC
“Adonia”, the first US cruise vessel in fifty years to dock in Havana on Monday

The first US cruise ship bound for Cuba in half a century set sail from Florida on Sunday, marking a new milestone in the rapprochement between Washington and Havana. The Adonia, a vessel from the Carnival cruise's Fathom line, raised its anchors and departed from Miami, the heart of the Cuban diaspora in the United States, around 4:00 pm.
Monday, May 2nd 2016 - 08:33 UTC
Temer promises to combat corruption by strengthening anti-graft institutions

A government led by Brazilian Vice President Michel Temer would press ahead with the country's corruption fight by strengthening anti-graft institutions and enacting tougher controls over state-run companies, and will also implement an education reform, according to a six chapter document leaked to the Sao Paulo media.
Monday, May 2nd 2016 - 08:18 UTC
Macri claims Argentina hid unemployment with 'worthless public jobs', at Labor Day event with dissident union

Argentine president Mauricio Macri attended an event at a dissident union headquarters in the City of Buenos Aires where he marked the Labour Day with unionized workers of the food sector, and blasted the previous administration for hiding unemployment with public jobs.
Monday, May 2nd 2016 - 08:13 UTC
Argentines worried about inflation and unemployment; fuels increase 10% in May

A clear majority of Argentines are most worried about inflation and unemployment, a report by the D’Alessio IROL and Berenzstein private consulting agencies have showed.
Monday, May 2nd 2016 - 08:07 UTC
Chile's economy slows down and unemployment climbs higher that forecasted

Chile's jobless rate rose more than expected in the first quarter as two years of sluggish growth finally caught up with the labor market, signaling stronger headwinds for South America's wealthiest economy.
Monday, May 2nd 2016 - 07:54 UTC
Argentine needs US$ 37bn to address the budget deficit and foreign debt payments

Argentina will issue a fresh round of dollar-denominated debt notes worth an estimated US$8 billion in the next few days, top officials from the Finance Ministry confirmed. The government will “very soon” issue a new Treasury note to capture dollars that are being stored “under the mattress” in a process that will kick off with a meeting with bankers, Finance Secretary Luis Caputo said.The Argentine government hopes to bring in US$5 billion through the issuance.
Monday, May 2nd 2016 - 05:56 UTC
Maduro announces 30% increase in the minimum wage

Venezuela's president Nicolas Maduro has ordered a 30% increase in the minimum wage, the latest move by the socialist government to grapple with high inflation and economic stagnation.