Stories for May 26th 2016

Thursday, May 26th 2016 - 11:51 UTC
A debt agenda for G7 meeting in Japan

By Martin Feldstein - On May 26-27, the heads of the Group of Seven leading industrial countries will gather in Japan to discuss common security and economic problems. A major common problem that deserves their attention is the unsustainable increase in the major developed countries’ national debt. Failure to address the explosion of government borrowing will have adverse effects on the global economy and on debt-burdened countries themselves.
Thursday, May 26th 2016 - 06:53 UTC
Rousseff claims Temer intends to “privatize” Brazil's pre-salt oil reserves

Brazil's suspended president, Dilma Rousseff, on Wednesday accused interim head of state Michel Temer of intending to “privatize” the oil discovered in recent years in deep waters of the Atlantic Ocean and thus deprive the nation's education sector of funding.
Thursday, May 26th 2016 - 06:34 UTC
Falklands are “most satisfied with Chile links and excellent health services”

Falkland Islanders are very satisfied with the Chile links and health services in Santiago, was the first reply to media speculations in the Buenos Aires media regarding possible changes in the Argentine government attitude and policies towards the disputed Falklands.
Thursday, May 26th 2016 - 06:19 UTC
Falkland Islanders must be addressed ”as Argentines or foreigners living in (mainland) Argentina”

The Falkland Islands and Falkland Islanders must be addressed as if they were Argentines or foreigners living in mainland Argentina, which means a more “normal relation” with the Islands including extending healthcare services, education and even greater air connectivity, according to the latest column from Martin Dinatale, editor in chief of La Nacion who in a previous piece revealed the “humanitarian approach” the government of Mauricio Macri has in mind on the Falklands/Malvinas dispute.
Thursday, May 26th 2016 - 06:05 UTC
Argentina confident Patagonia's shale formation foreign interest remains strong

Argentina's Vaca Muerta shale formation in Patagonia remains an attractive asset for international investors, many of which are looking to increase the amount they have invested so far, according to the country's Energy Minister Juan José Aranguren, a former Shell Argentina CEO.
Thursday, May 26th 2016 - 05:45 UTC
Maersk Lines leaving Montevideo port because of logistic operations problems

Maersk Lines, one of the world's leading shipping line has announced it won't be operating any longer in the port of Montevideo, Uruguay, because of logistic problems with the operations of its vessels.
Thursday, May 26th 2016 - 05:36 UTC
Brazil's senate president caught on recording trying to stifle the Petrobras investigation

The president of Brazil's Senate was put on the defensive with the release of a secretly recorded conversation that reveals him proposing to weaken one of the key tools prosecutors have used to catch politicians and businessmen in a sweeping corruption scandal.
Thursday, May 26th 2016 - 05:33 UTC
WTO chief warns UK would have to renegotiate membership if Brexit wins

Britain would face grueling negotiations to set the terms of its World Trade Organization membership if it decided to leave the European Union, the group's chief warned in Thursday's Financial Times.
Thursday, May 26th 2016 - 05:03 UTC
Macri's government in “100% agreement” with the Church's dialogue message

Argentina's cabinet chief Marcos Pena said president Mauricio Macri administration was “100% in agreement” with the Catholic church 25 May Day message “to leave aside statistics, think in the Argentine people and not fight among ourselves”.