Stories for 2016

Tuesday, May 31st 2016 - 07:36 UTC
Poor squid season hits Argentina's seafood exports in first quarter

Argentina's Under Secretariat of Fisheries reported that landings between January first and 30 April plummeted19.3% but exports in the first quarter achieved significant growth in foreign currency: 16.2%, with a slight increase in volume 1.7%. The poor landings are attributed to a “terrible” squid season, while the jump in export value was supported by extraordinary sales of shrimp.
Tuesday, May 31st 2016 - 07:30 UTC
Macri pledges to repatriate overseas savings in Bahamas and buy Argentine bonds

President Mauricio Macri said Monday that he will repatriate $1.3 million in savings from the Bahamas and use the money to buy Argentine treasury bonds because he is confident the struggling economy will recover and thrive.
Tuesday, May 31st 2016 - 07:21 UTC
Brazil's posts a primary budget surplus in April, because of annual income tax collection

The Brazilian government posted a primary budget surplus in April well above market expectations due to a seasonal increase in tax revenues and a drop in subsidies, a senior official said on Monday. The government, which is struggling to lift the economy out of a deep recession, posted a primary budget surplus of 9.751 billion reais (US$2.72 billion) in April.
Tuesday, May 31st 2016 - 07:07 UTC
Brazil's acting president 7-year old son already has an estate of US$ 570.000

Little Michel, the 7-year-old son of Brazil’s Acting President Michel Temer, has already proven he is far more mature than his years might suggest. A few weeks ago, he was responsible for choosing the new government's logo – when he saw it, he said “pretty.” Now, we know that the wunderkind has a few investments of his own.
Tuesday, May 31st 2016 - 07:00 UTC
Second cabinet knock out in Brazil: this time the Transparency minister

Brazilian interim president Michel Temer's government has suffered a new blow when his anti-corruption minster resigned on Monday after leaked recordings showed him trying to squash a massive corruption scandal that has ensnarled the country's political and business elite.
Tuesday, May 31st 2016 - 06:51 UTC
“Argentina needs its armed forces for peace; they have been ignored for years”, says Macri on Army Day

Argentine President Mauricio Macri said Monday that Argentina needs armed forces adapted to the 21st century, ready to carry out peace missions and come to the rescue in times of disaster, after “years” of being ignored by the government. He made the statement at an Army Day event.
Tuesday, May 31st 2016 - 06:40 UTC
Latam is suspending flights to Venezuela because of the government's mounting debts

The largest airline in Latin America, Latam, (Lan Chile and Braizl's TAM) announced it is suspending its flights to Venezuela because of the worsening economic situation. The suspension came a day after Germany's Lufthansa said it would suspend its services to the country.
Tuesday, May 31st 2016 - 06:34 UTC
Keiko Fujimori seems set to become Peru's next president on June 5 runoff

Presidential candidate Keiko Fujimori built a significant lead over Pedro Pablo Kuczynski just one week ahead of Peru's runoff election on June 5. The latest Ipsos poll shows 43% of Peru’s voters support Fujimori, compared to 38% for Kuczynski. Fujimori’s five-point lead reflects political momentum in her favor since the same poll a week ago gave her a three-point advantage.
Tuesday, May 31st 2016 - 06:16 UTC
World No Tobacco Day, 31 May 2016: Get ready for plain packaging

Recent moves to introduce plain (standardized) packaging of tobacco products can save lives by reducing demand for tobacco products, say the World Health Organization (WHO) and the WHO Framework Convention on Tobacco Control Secretariat (WHO FCTC).
Monday, May 30th 2016 - 09:36 UTC
Suspended Rousseff claims tapes reveal her impeachment is meant to stop the Petrobras corruption probe

Suspended President Dilma Rousseff said in an interview published Sunday that leaked audio recordings of men backing her impeachment show the effort to oust her is meant to stop a wide-ranging corruption probe that has implicated numerous leading Brazilian politicians and businessmen.