Stories for November 15th 2016

Tuesday, November 15th 2016 - 20:09 UTC
World cereal production remains strong; summer 2017 crops in South America expected to expand

World cereal production for 2016 should amount to 2 571 million tonnes, up marginally from FAO's October forecast and 1.5% above the 2015 output. The updated figure, released Monday in the Cereal and Supply Demand Brief, reflects a substantial upgrade of the outlook for world wheat production, which is now expected to rise to 746.7 million tonnes, a 4.3 million increase from FAO's October forecast.
Tuesday, November 15th 2016 - 11:07 UTC
Shell planning to invest US$ 10bn in Brazil's deep water production

Oil major Shell is planning to continue investing heavily in Brazil as part of a bid to double its global deep water production by the early 2020s. Shell plans to invest US$10 billion over the next five years, Wael Sawan, the company’s executive vice president for deep water, said in an interview this week.
Tuesday, November 15th 2016 - 10:52 UTC
Chilean human rights organizations demand Chief Justice's resignation

Hugo Dolmestch, Chief Justice of the Chilean Supreme Court, must resign because “he does not respect international humanitarian law,” according to Alicia Lira, head of the Association of Relatives of Political Executees.
Tuesday, November 15th 2016 - 10:42 UTC
Bolivia: Evo Morales admits he is not ready to go home in 2019

Despite what most Bolivians voted for on February 21, that is against the incumbent president being eligible to run for yet another re-election,
Tuesday, November 15th 2016 - 10:25 UTC
Macri, Trump bound for closest relationship ever after phone call

Argentine President Mauricio Macri spoke with US President-elect Donald Trump, who invited him to visit him in Washington next year. “Argentina is a great country, and we will have the closest relationship between our countries in history,” Trump reportedly said.
Tuesday, November 15th 2016 - 10:12 UTC
It stays in the family: CFK's mother involved in irregularities

Ofelia Wilhelm, mother of former Argentine President Cristina Fernandez, is under judicial investigation for alleged irregularities worth millions of pesos to a firm of which she was a partner.
Tuesday, November 15th 2016 - 09:55 UTC
Conference in Buenos Aires: Snowden fears domestic intelligence will spread in US under Trump

Former US spy agency contractor Edward Snowden said on Monday, that Donald Trump's election may increase the intrusiveness of domestic intelligence gathering and warned that the democratic checks and balances were losing ground to authoritarianism.
Tuesday, November 15th 2016 - 09:40 UTC
ANCAP's Carboclor sinks deeper, goes after sale or merger

Losses increase from US $ 9 million by mid year to US $ 14 million in September due to contraction of domestic demand, the fall in international prices and the percentage of ethanol cut in gasolines.Carboclor, ANCAP's subsidiary in Argentina, shows no sign of recovery in its most recent balancesheet as production fell below “normal levels” caused by financial shortcomings which in turn led to a decrease in the inflow of raw materials to the refinery in Campana in the province of Buenos Aires. Shutting down the plant for 25 days is being considered as a partial solution.
Tuesday, November 15th 2016 - 09:02 UTC
Trump promises Argentina, a great country, “the closest relation in history”

“Argentina is a great country” and Argentina and the US will have “the closest relation in history”, according to the official version from the administration of president Mauricio Macri who on Monday was on the phone with president elect Donald Trump to congratulate him on his presidential victory.
Tuesday, November 15th 2016 - 08:40 UTC
Cristina Fernandez demands the immediate start of oral trial proceedings in the dollar futures case

Argentine ex president Cristina Fernandez has desisted from appealing her prosecution on charges of fraudulent administration in detriment of the Argentine state in the so called “dollar futures” case involving the Central bank sale of US currency and demands an immediate oral trial.