Stories for 2016

Friday, March 11th 2016 - 06:16 UTC
Sao Paulo prosecutors insist on an arrest warrant for ex president Lula da Silva

Sao Paulo state prosecutors in Brazil are seeking the arrest of former President Lula da Silva on charges of money laundering and identity fraud for concealing ownership of a beachfront apartment, his foundation said on Thursday. The effort to arrest the former president raised the stakes dramatically in the current crisis and was likely to further polarize protests on Sunday calling for the impeachment of president Dilma Rousseff.
Friday, March 11th 2016 - 05:41 UTC
Falklands' sovereignty statements, “an unnecessary provocation” says Argentine ambassador

The private visit to Paraguay of Falkland Islands lawmaker Phyllis Rendell and her strong statements regarding sovereignty and the future of the Islands had an immediate reaction from the Argentine ambassador in Asunción Eduardo Zuain, who described the statements as an unnecessary provocation.
Friday, March 11th 2016 - 05:38 UTC
ECB cuts rate to 0% and announces new stimulus, but market reactions are mixed

European stock markets have fallen and the Euro has soared following the economic stimulus measures announced by the European Central Bank on Thursday. After initially rising following the broader than expected package, Frankfurt closed down 2.3%, Paris ended 1.7% lower and the FTSE 100 slid 1.8%.
Friday, March 11th 2016 - 05:29 UTC
Brexit would be “a disaster for UK science” warn 150 fellows from Royal Society

Stephen Hawking has called for Britain to stay in the EU, saying that a Brexit would be a “disaster for UK science”. A letter to the Times newspaper signed by more than 150 fellows of the Royal Society argues that leaving the EU would devastate research.
Friday, March 11th 2016 - 05:22 UTC
Purge in YPF; financial expert chosen as successor of Galuccio

Miguel Ángel Gutiérrez looks is to become the new president of Argentina’s state-controlled energy giant YPF, it was revealed this week after Miguel Galuccio confirmed he will step down as head of the company on April 30.
Friday, March 11th 2016 - 05:18 UTC
Brazil's Odebrecht network of alleged bribery practices investigated in several Latin American countries

Argentina is investigating whether the local unit of Brazil's Odebrecht paid bribes to government officials, an Argentine prosecutor said this week, deepening the regional fallout from the biggest corruption scandal in Brazil’s history.
Thursday, March 10th 2016 - 21:28 UTC
Catches of Peruvian giant squid are showing a slow recovery: shift of oceans winds

Catches of Peruvian giant squid (Dosidicus gigas) are showing a slow recovery, something that has long been awaited not only by local fishermen and industrialists, but also by the largest processors in Europe and Asia.
Thursday, March 10th 2016 - 06:47 UTC
Prosecutors ask for Lula da Silva to be placed under formal investigation

Prosecutors in Brazil asked Wednesday that powerful ex-president Luiz Inacio Lula da Silva, who was questioned this week in a huge corruption probe, be placed under formal investigation. The press service of the Sao Paulo state prosecutors' office said precise details of the request were not yet known and that a news conference would be held Thursday.
Thursday, March 10th 2016 - 06:26 UTC
Falklands' sovereignty issues has been solved, says MLA Phyllis Rendell

The member of the Falklands/Malvinas legislative assembly Phyllis Rendell on a private visit to Paraguay openly stated that the South Atlantic archipelago claimed by Argentina is a British Overseas Territory and underlined that the sovereignty issue was settled with a war between the two sides over thirty years ago.
Thursday, March 10th 2016 - 05:49 UTC
CEO Galuccio confirms he's leaving YPF and pledges “ordered transition”

Miguel Galuccio confirmed he will be resigning as Argentina's YPF CEO and said he will guarantee an “ordered transition” ahead of the appointment of his successor. In a statement released on Wednesday, Galuccio said he will remain in his position until the upcoming Ordinary Shareholders Assembly takes place. He is expected to leave the state-run company after April 30.