Stories for 2016

Monday, April 4th 2016 - 19:15 UTC
Magallanes region has the lowest unemployment rate in Chile, 1.8%

The unemployment rate in Magallanes extreme south region of Chile recorded 1.8% in the December-February quarter according to the country's Statistics Institute, INE, which compares favorably with 2.8% in the previous quarter and the national rate of 5.9%.
Monday, April 4th 2016 - 06:52 UTC
Arctic sea ice recorded its lowest maximum level on record

The growth of Arctic sea ice this winter recorded the lowest maximum level on record, prompting fears of faster climate change than previously expected. Unusually warm temperatures were said to be responsible for the shrinkage.
Monday, April 4th 2016 - 04:25 UTC
Genscher, an architect of reunification and modern Germany dies in Bonn

Hans-Dietrich Genscher, a widely respected German elder statesman who helped break down international resistance to the 1990 reunification of East and West Germany, died on Thursday at his home near Bonn. He was 89. His office confirmed the death, saying he had been stricken by heart failure. Bonn was West Germany’s capital during the Cold War.
Monday, April 4th 2016 - 04:20 UTC
Argentine Army reiterates its commitment to the Malvinas cause on invasion anniversary

Argentina’s Army Chief Diego Luis Suner said on Saturday that the “Malvinas cause” continues to be a “national, standing and inalienable objective” of the Argentine people. The statement was made on the 34th anniversary of the South Atlantic conflict that was triggered by the Argentine military invasion of the Falklands in 1982.
Monday, April 4th 2016 - 04:12 UTC
Petrobras launches voluntary layoff program to cut 12.000 jobs

Brazil's embattled oil company Petrobras said it will launch a voluntary layoff program to cut an estimated 12,000 jobs in a bid to save up to 33 billion reais ($9.20 billion) by 2020. The program will cost 4.4 billion reais and is open to all employees, according to a statement from Petrobras, which has been hard hit by low oil prices, refinery project problems and a massive price-fixing, bribery and political kickback scandal.
Monday, April 4th 2016 - 04:04 UTC
Macri's ministers pledge not a single day rest in the fight for Malvinas sovereignty

”There's not going to be a single day in the four years of (President Mauricio Macri) government in which we will not continue to fight for our rights in the South Atlantic”, said Argentine Interior minister Rogelio Frigerio during the April 2 commemoration of Malvinas war veteran and Fallen Day in Ushuaia, Tierra del Fuego.
Sunday, April 3rd 2016 - 07:52 UTC
Mega corporation Odebrecht involved in Petrobras case, plans to sell assets to meet debt obligations

Troubled Brazilian construction company Odebrecht SA plans to sell about 12 billion reais (US$3.4 billion) in assets to help meet its debt obligations, according to the builder’s chief executive officer. The company had a gross debt of 85 billion reais in 2014, the most recent figure available, but much of it is long-term debt and the biggest payments start only in 2025, Odebrecht CEO Newton de Souza said in an interview published Friday in the Folha de S. Paulo newspaper.
Sunday, April 3rd 2016 - 07:43 UTC
US economy gains confidence: 215.000 more jobs in March and 1.4% growth in fourth quarter

The US economy added 215,000 jobs in March, a little less than it did in February when 242,000 jobs were created. The unemployment rate has risen to 5% from 4.9%, which was an eight-year low, but the Labor Department said more Americans were finding jobs, which suggested a sign of confidence in the US economy. In effect this follows the report on the US economy which grew at an annualized rate of 1.4% in the fourth quarter of 2015s.
Sunday, April 3rd 2016 - 07:35 UTC
Argentina promulgates bill which allows for payment of accord with bondholders

The Argentine government made official the accord reached with the holdout funds sponsored by a New York federal court, to pay for defaulted bonds in a fifteen year litigation, following the approval of the bill by the Senate. This means Argentina can now look for funds in the international monetary market.
Sunday, April 3rd 2016 - 07:33 UTC
Uruguay reaffirms allegiance to Mercosur but admits serious challenges

Mercosur is a fundamental legal milestone in regional integration, and a turning point in the history of member countries, said Uruguay's foreign minister Rodolfo Nin Novoa during a conference celebrating the 25th anniversary, (March 1991), of the founding of the South American group, who nevertheless admitted serious challenges.