Stories for June 2016

Tuesday, June 14th 2016 - 12:04 UTC
ECB purchases 348bn Euros of corporate bonds in the first three days

The European Central Bank bought 348 million Euros of corporate bonds in the first three days of such purchases last week, it said on Monday, as part of its 1.74 trillion Euro scheme to revive growth and inflation. The figures are at the upper end of analyst predictions, indicating a strong start for the program and suggesting that the ECB was keen to show it can buy significant volumes.
Tuesday, June 14th 2016 - 09:04 UTC
Macri's coalition trips in a mayoral race and suffers unnecessary exposure

Mauricio Macri's ruling coalition, “Let's Change” suffered its first electoral defeat since winning the presidential runoff last November, at a mayoral competition in the city of Rio Cuarto, Córdoba province last Sunday.
Tuesday, June 14th 2016 - 08:40 UTC
Venezuela opposition leader in Latin American tour in search for support

One of Venezuelan top opposition leader on Monday launched a tour of Latin American countries to rally support for his side in its bid to remove President Nicolas Maduro from office. Henrique Capriles, a senior figure in the opposition MUD coalition, was in Paraguay, Argentina and planned to move on to Brazil.
Tuesday, June 14th 2016 - 08:32 UTC
Brazil and Argentina crop problems raise demand for US supplies

Domestic supplies of corn and soybeans will be tighter than expected in the United States as problems with crops in Brazil and Argentina have raised demand for U.S. supplies from overseas buyers, the U.S. Agriculture Department. In its latest monthly supply and demand report, the government cut its new-crop and old-crop ending stocks outlooks for both corn and soybeans by more than analysts had forecast.
Tuesday, June 14th 2016 - 08:22 UTC
Petrobras pre-salt fields production climb to a new high in May: 1.1MMboe/d

Petrobras’s oil production in Brazil averaged 2.16 MMboe/d in May, its fifth highest monthly figure to date. The growth was due mainly due increases from the company’s pre-salt fields, with new wells connected to the FSPO Cidade de Maricá serving the Lula field in the Santos basin.
Tuesday, June 14th 2016 - 07:57 UTC
Gibraltar’s Spanish neighboring towns fear Brexit: ‘it would be a disaster’

UK exit from the European Union would be “a disaster” that would risk creating “an economic and social rift” between Gibraltar and the neighbouring region in Spain, the Cross-Frontier Group said in a report published by the Gibraltar Chronicle. The group’s president, Ángel Serrano, warned that Brexit posed a serious risk to employment and investment on both sides of the border.
Monday, June 13th 2016 - 17:20 UTC
Chilean salmon industry controversy over the use of antibiotics

The use of antibiotics in the Chilean salmon industry reached 557 tons in 2015, according to the latest report of the National Fisheries and Aquaculture Service (SERNAPESCA), a figure consolidating the tendency to their intensive use over the past five years.
Monday, June 13th 2016 - 15:45 UTC
US and Brazil studies confirm the presence of the “super bacteria” in Rio beaches and lagoons

Scientists have found dangerous drug-resistant “super bacteria” off beaches in Rio de Janeiro that will host Olympic swimming events and in a lagoon where rowing and canoe athletes will compete when the Games start on August 5.
Monday, June 13th 2016 - 07:50 UTC
Falklands/Malvinas dispute: Malcorra calls for an “open dialogue” with UK

Foreign Minister Susana Malcorra called on the United Kingdom to engage in “open dialogue” on the Falklands/Malvinas islands sovereignty dispute in an open letter sent to the UK government, which President Mauricio Macri’s administration hopes can further improve relations between the former foes.
Monday, June 13th 2016 - 07:44 UTC
Brazil's fiscal accounts “worse than ever imagined” confesses Temer

Brazil's fiscal accounts were in worse shape than initially thought after the suspension of Dilma Rousseff, underscoring the challenge facing the country's new economic team, acting President Michel Temer said.