Stories for September 2016

Monday, September 26th 2016 - 11:06 UTC
Land distribution, remains challenge for the post-peace accord in Colombia

Conflicts over land in Colombia are likely to increase following a peace deal to end half a century of war as once no-go areas in the Andean country open up for business and development projects, land rights experts said. The government and rebel Revolutionary Armed Forces of Colombia (FARC) are due to sign a peace accord Monday to end Latin America's longest-running conflict, which has killed 200,000 people.
Monday, September 26th 2016 - 10:56 UTC
US Treasury Secretary on advisory visit to Argentina, Brazil, Colombia and Mexico

U.S. Treasury Secretary Jacob Lew will urge his counterparts in Argentina, Brazil, Colombia and Mexico to press ahead with economic and fiscal reforms aimed at restoring or strengthening growth, a senior Treasury official said on Friday. Lew will be visiting the four largest Latin American economies this week beginning with Argentina on Monday, recognizing efforts by President Mauricio Macri to reintegrate Argentina into the global economy.
Monday, September 26th 2016 - 10:22 UTC
Corbyn crushes MPs challenge and is confirmed as undisputed Labour leader

Left-winger Jeremy Corbyn was re-elected British Labour leader on Saturday, seeing off a challenge from MPs but leaving the main opposition party split as critics said it was even further from power than before. Supporters in Liverpool leaped to their feet cheering as the 67-year-old was confirmed winner with 61.8% of the vote among party members and supporters, easily defeating challenger Owen Smith.
Monday, September 26th 2016 - 10:07 UTC
US role in Colombia peace: from fanning the war to ensuring peace

When the Colombian government and Marxist rebels FARC sign the final peace accord this Monday to end a 52-year guerrilla war, a US envoy from the Obama administration will be one of the special guests at the signing ceremony.
Saturday, September 24th 2016 - 20:04 UTC
August FAO Food Price Index at its highest since May 2015; all commodities up except for cereals

The FAO Food Price Index (FFPI) averaged 165.6 points in August 2016, up 3 points (1.9%) from July and almost 7% above the corresponding period last year. The August value of the Index is the highest since May 2015. Except for cereals, prices of all other commodities used in the calculation of the FFPI rose in August, led by dairy, oils and sugar.
Saturday, September 24th 2016 - 10:24 UTC
Pinochet ordered the 1976 assassination of opposition leader Letelier, says CIA

The United States on Friday gave Chilean President Michelle Bachelet declassified CIA documents confirming that former Chilean dictator Augusto Pinochet personally ordered the 1976 assassination of opposition leader Orlando Letelier. US Deputy Secretary of State Heather Higginbottom presented the documents to Bachelet during a ceremony on the site of the killing in the US capital, two days after the 40th anniversary of the brazen attack.
Saturday, September 24th 2016 - 08:02 UTC
Temer links Rousseff's removal with the drastic change in economic policy

Brazilian president Michel Temer addressing business leaders and foreign policy experts in New York earlier this week revealed another twist to the recent political events in the country which led to the impeachment and removal of his elected predecessor Dilma Rousseff.
Saturday, September 24th 2016 - 07:46 UTC
Latam modifies ownership structure before the entrance of Qatar airlines

The Amaro family from Brazil, one of the main controllers of LATAM Airlines, sold a 6.47% stake in the regional carrier on Friday on the Santiago stock exchange for some US$296 million, as part of a strategy to modify the company's ownership structure.
Saturday, September 24th 2016 - 07:27 UTC
Petrobras sells major gas pipeline which feeds Brazil's core industrialized regions

A consortium led by Canada's Brookfield Infrastructure has signed a deal to buy a controlling stake in a natural gas pipeline system in Brazil from Petrobras for US$5.2 billion. Under the deal, the consortium will acquire a 90% stake in Nova Transportadora do Sudeste S.A. (NTS). Petrobras will retain a 10% stake.
Friday, September 23rd 2016 - 11:16 UTC
Petrobras cuts 5-year budget by 25% and will focus on core oil and gas business

Brazil’s Petrobras announced it will be spending US$74.1 billion over the next five years, 25% reduction on the US$98.4 billion for the previous five years capital expenditure. This is also the company’s lowest five-year budget since 2006.