Stories for October 2016

Thursday, October 6th 2016 - 12:24 UTC
Argentina forecasted to grow 2.7% in 2017, but his year is of contraction and costly reforms, says IMF

The latest IMF World Economic Outlook report anticipates that Argentina’s economic contraction will amount to 1.8% this year, fiercer than the IMF’s last forecast of a 1% decline. Inflation, meanwhile, will hover at around 40%, above government estimates, the Fund said.
Thursday, October 6th 2016 - 12:06 UTC
IMF forecasts Latam and Caribbean economy will contract 0.6% this year and expand 1.6% in 2017

International Monetary Fund said that the economy of Latin America and the Caribbean will shrink 0.6% this year, compared with its earlier projection of a 0.5% contraction. The prediction is part of the latest edition of the IMF's World Economic Outlook, which points out that while major regional economies such as Brazil and Venezuela are suffering, most other countries in the area continue to expand.
Thursday, October 6th 2016 - 11:50 UTC
Uribe demands overhaul of a “weak” deal; peace talks resume in Havana

Colombian President Juan Manuel Santos said Wednesday peace with the FARC rebels is “close,” but his top opponent demanded an overhaul of a “weak” deal rejected by voters in a referendum.
Thursday, October 6th 2016 - 05:50 UTC
UK/Argentina statement refers to all South Atlantic issues “without exclusion” and shared responsibility

Foreign minister Susana Malcorra addressing Argentine Senators described the UK/Argentina statement as “very positive” since UK accepts to dialogue on all South Atlantic issues, “without exclusions”, with shared responsibility in eliminating obstacles to the region's development and in this new positive spirit eventually discuss Falklands/Malvinas sovereignty.
Wednesday, October 5th 2016 - 19:40 UTC
FIFA names chief commercial officer to ramp up Russia 2018 Cup sponsorships

Le Floc’h, UEFA’s former marketing director until 2010, leaves Dubai-based Customised Solution FZ to take up the role of FIFA’s chief commercial officer on Oct. 11. The position was created as part of the restructuring of world football’s governing body in the wake of the corruption scandals that brought the federation to its knees.
Wednesday, October 5th 2016 - 19:02 UTC
Temer´s major setback: 68% don't trust him and 39% rate his government “bad” or “terrible”

President Michel Temer has not managed to convince Brazilians his government is better than that of his ousted predecessor Dilma Rousseff, and his popularity remains low, according to a poll on Tuesday. Pollster Ibope said the number of people who consider Temer's government “great” or “good” edged up to 14% from 13% in the previous survey in late June, which was conducted six weeks after he replaced Rousseff when her impeachment trial began.
Wednesday, October 5th 2016 - 17:05 UTC
Antonio Guterres has Security Council support to become next UN Secretary General

Portugal’s former Prime Minister Antonio Guterres has unofficially been selected as the next U.N. Secretary-General. He is expected to be officially endorsed in the coming days. Following a decisive round of voting Wednesday in the U.N. Security Council, the veteran politician and diplomat prevailed with 13 votes in favor of his candidacy, none objecting to it and two votes of “no opinion”.
Wednesday, October 5th 2016 - 12:02 UTC
Brazil industrial production suffers major monthly drop during August

Brazil’s industrial output posted its biggest monthly drop in over four years in August, damping optimism about the country’s prospects for recovering from its worst recession in generations. Industrial production declined 3.8% in August from July in seasonally adjusted terms, the Brazilian Institute of Geography and Statistics, IBGE, said on Tuesday.
Wednesday, October 5th 2016 - 11:43 UTC
Brazilians disenchantment with the political system: 17.5% abstention on Sunday's election

Brazilian President Michel Temer said on Monday the high abstention rate as well as the number of blank and spoiled ballots in local elections on the weekend signaled the disillusionment of Brazilians with their political system. Brazil's electoral authority, the TSE, said the abstention rate averaged 17.5% in Sunday's nationwide polls, up from 15.4% in the municipal elections in 2014.
Wednesday, October 5th 2016 - 11:24 UTC
Cruise ships forced to divert Caribbean schedule by Hurricane Matthew

Hurricane Matthew is forcing a growing number of cruise ships to alter course as it barrels northward toward Haiti, Cuba and the Bahamas. Cruise giant Carnival has rerouted half a dozen ships scheduled to visit ports in the region over the next few days, including the Carnival Sensation, Carnival Splendor and Carnival Ecstasy.