Stories for 2016

Thursday, May 19th 2016 - 06:33 UTC
Falklands' Rockhopper announces double contingent oil reserves: over 300m barrels

Falkland Islands oil and gas producer Rockhopper Exploration Plc has announced that its net contingent oil reserves have doubled to more than 300 million barrels, and independent experts are now eyeing this as nearly billion-barrel basin.
Wednesday, May 18th 2016 - 12:21 UTC
Petrobras: Temer pledges judicial independence and respect for prosecutors nomination process

Brazil's interim president, Michel Temer said he would continue a tradition of nominating a prosecutor general who comes recommended by peers, allaying concerns about judicial independence. Justice Minister Alexandre de Moraes, sworn in last week as part of Temer's new government, told the Folha de S.Paulo newspaper in an interview that the prosecutor general of Brazil could be selected at will by the president.
Wednesday, May 18th 2016 - 12:07 UTC
Argentina forecasted to increase wheat area by 25% for a 15/16 million tons crop

Argentine wheat exports more than doubled in the first quarter, government data showed, as farmers rushed to sell stockpiles ahead of an expected jump in plantings spurred by the open-market policies of new President Mauricio Macri. The surge in Argentine supply is hitting an oversaturated world market and putting downward pressure on wheat prices already near their lowest levels in six years.
Wednesday, May 18th 2016 - 11:53 UTC
South Africa catches Chinese vessel suspected of illegally fishing; eight other fled

The South African Maritime Safety Authority (SAMSA) is investigating a Chinese fishing vessel seized by authorities after it and eight others were suspected of illegally fishing in South African waters. SAMSA officials boarded the vessel on Monday for inspection.
Wednesday, May 18th 2016 - 11:39 UTC
The Army must decide is they side “with the Constitution or with Maduro”, says Venezuelan opposition

The army in crisis-hit Venezuela has to choose whether it is “with the constitution or with [President Nicolas] Maduro,” opposition leader Henrique Capriles said on Tuesday.He made the statement to journalists after Maduro decreed a state of emergency broadening the powers of soldiers and police - and a day before opposition-led marches demanding a referendum to oust the president.
Wednesday, May 18th 2016 - 11:32 UTC
US economy good news: inflation reaches 1.1% and housing starts rise 6.6%

US consumer prices rose at their fastest pace in three years in April as energy prices climbed, figures show. The Labor Department's Consumer Price Index rose 0.4% last month, the biggest one-month increase since February 2013.
Wednesday, May 18th 2016 - 10:54 UTC
Chile celebrates best cruise season in seven years

Chile reports that this last cruise season (October 2015/April 2016), has been the best in seven years, according to the Southern Cone Ports Corporation, with a 47% increase in the number of vessel calls and 43% in landed passengers, compared to 2014/2015.
Wednesday, May 18th 2016 - 06:01 UTC
Orthodox economist Goldfajn confirmed as Brazil's central bank governor

Brazil's interim government on Tuesday confirmed the lead economist of the country's largest private bank to head the central bank, in a further shift away from the interventionist policies that many blame for deep recession and near double-digit inflation.
Tuesday, May 17th 2016 - 11:00 UTC
Brazil's economy contracts for fifteenth consecutive month

Brazil's economic activity contracted by 1.44% in the first quarter relative to October-December 2015 and 6.27% compared to the same three-month period of 2015, the Central Bank said Friday. The figures come from the Central Bank's Index of Economic Activity, or IBC-Br, an indicator used as a preview of the gross domestic product (GDP) number.
Tuesday, May 17th 2016 - 10:50 UTC
Temer meets Brazilian unions to draft a blueprint for pension system reform

Brazilian interim President Michel Temer agreed with union leaders on Monday to draft a blueprint for overhauling the creaking pension system within a month, as he seeks to restore confidence in Latin America's largest economy. Temer has vowed to plug a fiscal gap equivalent to more than 11% of GDP last year.