Stories for November 2016

Saturday, November 19th 2016 - 12:02 UTC
European scientists in Antarctica trying to locate the oldest ice on Earth

A team of European scientists heads to East Antarctica this month to locate the oldest ice on Earth. The team is part of an EU-funded research consortium from ten European countries whose aim is to search for a suitable site to drill an ice core to capture 1.5 million years of Earth’s climate history.
Saturday, November 19th 2016 - 11:57 UTC
Trump avoids 'presidential' embarrassment with out of court US$ 25m settlement

United States President elect Donald Trump has reversed course and agreed on Friday to pay US$25 million to settle a series of lawsuits stemming from his defunct for-profit education venture, Trump University, finally putting to rest fraud allegations by former students, which have dogged him for years and hampered his presidential campaign.
Saturday, November 19th 2016 - 11:20 UTC
Cristina Fernandez' petition for an immediate oral trial rejected

Argentine federal judge Claudio Bonadío rejected as “inappropriate” and described as “impertinent, untimely and out of style” the petition from ex president Cristina Fernandez for an immediate oral trial in the dollar futures case, emerging from an investigation into the last months of her administration.
Saturday, November 19th 2016 - 10:15 UTC
Premier Oil refinancing and extending debt repayment dates

Premier Oil has pushed back its refinancing deal to the first quarter of 2017 but said lenders had largely agreed to new terms, including extending debt repayment dates in exchange for some control over which projects the company can invest in.
Saturday, November 19th 2016 - 09:19 UTC
Bachelet makes her sixth cabinet reshuffle confirming the ruling coalition keeps losing ground

Chile's President Michelle Bachelet launched her sixth cabinet reshuffle in less than three years in a bid to strengthen her government ahead of a general election next year. The 65-year-old leader is one of the few figures to remain in power from a wave of leftist governments in South America over recent decades.
Saturday, November 19th 2016 - 09:07 UTC
Venezuela loses Mercosur voting rights in December, announces Uruguay

Venezuela will continue as member of Mercosur but with no right to vote, since it has not fully incorporated all the group's rules and regulations as had been agreed, revealed Uruguay's foreign minister Rodolfo Nin Novoa on Friday in Montevideo.
Saturday, November 19th 2016 - 08:52 UTC
Fuel shortages feared in Uruguay due to lorry drivers' strike

The lorry drivers' strike already under way in Uruguay, which broke up as a conflict between freight carriers and the agriculture sectors, may have its impact on the distribution of car petrol, warns Mauro Borzzaconi of the trucking association.
Friday, November 18th 2016 - 21:57 UTC
Falklands to meet Red Cross in Geneva on DNA identification of Argentine combatants buried in Darwin

The Falklands government announced on Friday that MLA Mike Summers will be attending a meeting in Geneva, chaired by the Red Cross to forward agreements for DNA identification of Argentine combatants buried in Darwin. A follow up meeting in London for the signing of the agreements is scheduled, which will also include MLA Phyl Rendell, and to advance in other issues related to the September UK/Argentina joint statement referred to additional flights and fisheries scientific data exchange.
Friday, November 18th 2016 - 11:47 UTC
Uruguay with IDB support plans to invest US$600 million in rural roads network

Uruguay plans to improve the rural roads network of the 18 department governments with support from two credit lines for an investment project totalling US$600 million with two initial loans completing US$150 million from the Inter-American Development Bank (IDB). The funds will support the implementation of rural roads construction in agriculture production areas, and will also be geared to improve and strengthen fiscal management and services at the departmental government level.
Friday, November 18th 2016 - 11:42 UTC
Latin American exports downward trend is greater than in the rest of the world

Following two years in a downward trend the value of Latin American exports fell 14.8% in 2015, and 8.5% in the first seven months of 2016, according to the Trade and Integration Monitor 2016 of the Inter-American Development Bank. Services exports, which had partially compensated the fall in merchandise trade in previous years, contracted 2.4% in 2015, the first time since the 2009 financial crisis.