Stories for November 2016

Monday, November 14th 2016 - 08:04 UTC
Kirchner years “downed” more aircraft than the 1982 Falklands conflict

The dismal state of the Argentine armed forces was revealed by Defense minister Julio Martínez who claimed that the ten/twelve Kirchner years “downed” more Air Force aircraft than those lost during the South Atlantic conflict in 1982.
Monday, November 14th 2016 - 07:54 UTC
Petrobras cleans balance sheet and posts unexpected third quarter loss

Brazilian state-controlled oil company Petrobras posted an unexpected third-quarter loss after drastically reducing the value of oil fields and other assets amid a severe downsizing and weak oil prices. Petrobras lost a net 16.458 billion reais (US$4.9 billion) last quarter, five times more than a year earlier. Despite that, operational and cash flow trends improved and, without an impairment, profit could have totaled 600 million Reais, Chief Financial Officer Ivan Monteiro said.
Monday, November 14th 2016 - 07:45 UTC
Falklands' government first quarter surplus jumps to £6.407 million

The Falkland Islands government numbers are looking brighter than forecasted: for the first three months of the financial year (July –September), the government is showing an actual surplus of £6.407 million, compared to a estimated surplus of £2.211 million.
Monday, November 14th 2016 - 07:31 UTC
Argentina looks forward to a good relation with president Trump, who is no longer “candidate Trump”

Argentina has an excellent relation with the Obama administration and this will be the case with a government led by Trump, pointed out Argentina's cabinet secretary Marcos Peña adding that the first signals from the elected president are positive since he is moderating his electoral campaign speech.
Monday, November 14th 2016 - 07:06 UTC
Hundreds of aftershocks follow major earthquake and tsunami in New Zealand; thousands flee to high ground

A strong new earthquake with a magnitude of 6.2 rattled New Zealand's South Island on Monday, hours after a more powerful quake killed at least two people, damaged roads and buildings and sent thousands fleeing to higher ground. Emergency response teams were already flying by helicopter to the region at the epicenter of the original 7.8 magnitude quake, which struck just after midnight some 91 km northeast of Christchurch in the South Island, amid reports of injuries and collapsed buildings.
Sunday, November 13th 2016 - 14:32 UTC
Miss Bumbum beauty contest sparks controversy in Brazil from behind

The Brazilian pepople's cult of the female rear came back to life once again in the 2016 edition of the “Miss Bumbum” beauty contest, in which candidates from the 27 states disputed the title to the “best behind,” raising again controversy around the issue of “object woman.”
Saturday, November 12th 2016 - 21:31 UTC
Demostrators rally in Sao Paulo against Temer's adjustment proposals

Protesters Friday blocked some of Sao Paulo's main avenues to object to the the bill to freeze public spending for 20 years. Others set roadblocks with tires at the Vía Dutra, which links Sao Paulo with Rio de Janeiro, and Via Anchieta, the main road between the city and the coast.
Saturday, November 12th 2016 - 21:27 UTC
Congress opens Brazil's huge “pre-salt” oil fields to the private sector

Petrobras will begin selling off huge “pre-salt” oil fields to raise cash for the desperate Brazilian national oil company, according to new legislation passed by Congress. Politicians in the lower house had fought against the bill, but lawmakers succeeded in pushing the bill through during a late-night session, and the vote stood at 251-22 by the end of the night.
Saturday, November 12th 2016 - 21:24 UTC
Trump wave keeps Merval on the fall for a total 9.25% drop in a week

The index of the leading shares of the Buenos Aires stock market returned to adjust results in 3.51% and accumulated thus four rounds of losses for a total drop of 9,25% sice Monday. The Merval started the week with 17,257.56 points and dropped Friday to 15,659.74 points, with significant decreases except for Tenaris, which managed to stay away from the trend of US-based businesses thanks to a positive balancesheet produced last week.
Saturday, November 12th 2016 - 21:19 UTC
US Secretary of State Kerry approaches climate change in Antarctica

U.S. Secretary of State John Kerry traveled to Antarctica Friday, in preparation for an international climate-change conference to be held in Marrakesh next week, at a time the world foresees different environmental policies under Trump.