Stories for August 2019

Wednesday, August 28th 2019 - 10:04 UTC
Chile announces US$ 600 million stimulus package to counter mining downturn

Chile's finance minister announced on Monday US$ 600 million in additional stimulus to kick-start the top copper producer's sputtering economy, which has suffered from a downturn in mining and global trade tensions.
Wednesday, August 28th 2019 - 09:59 UTC
Macri anticipates that Argentina's inflation will accelerate to 3% in August; country risk reaches 1.990 points

Argentine President Mauricio Macri said that monthly inflation would accelerate to 3% in August following a slump in the peso, as the central bank intervened heavily in the market on Tuesday to prop up the local currency.
Wednesday, August 28th 2019 - 09:58 UTC
Canada will continue trade negotiations with Mercosur, despite the current Amazon policy of Brazil

Canada will continue its trade negotiations with Mercosur, the South American trading bloc that includes Brazil, despite demands to call a halt to the talks until more action is taken to protect the Amazon rainforest.
Wednesday, August 28th 2019 - 09:56 UTC
Insufficient rainfall forecasted as Brazil's Amazon dry season end approaches

Weak rainfall is unlikely to extinguish a record number of fires raging in Brazil's Amazon anytime soon, with pockets of precipitation through to Sept 10 expected to bring only isolated relief, according to weather data and two experts.
Wednesday, August 28th 2019 - 09:55 UTC
Amazon fires a “tipping point” for the health of rainforests, warns tropical forests organization

The fires tearing through the Amazon represent a “tipping point” for the health of the rainforest, the head of a top global forestry management body said on Wednesday, urging the world to do more to save the trees.
Wednesday, August 28th 2019 - 09:50 UTC
Peru and Colombia propose an emergency Amazon basin summit

Peru and Colombia proposed on Tuesday an emergency Amazon summit for countries in the region in order to coordinate a strategy to protect the vast rainforest currently blighted by numerous fires. The Amazon is known as the “planet's lungs” but is suffering from its worst outbreak of fires in years, which has sparked a global outcry.
Wednesday, August 28th 2019 - 09:49 UTC
Argentina sold US$ 302 million to support the Peso, exceeding an IMF agreement

Argentina's central bank on Tuesday exceeded for the first time a guideline on reserve sales agreed as part of its US$ 57 billion standby agreement with the International Monetary Fund, selling US$ 302 million in the foreign exchange market, traders said.
Wednesday, August 28th 2019 - 09:49 UTC
Falklands' Debbie Summers reelected as New Zealand Cruise Association chairperson

Falkland Islands born New Zealand Executive Director Debbie Summers is entering her fourth year as chairperson of the New Zealand Cruise Association following the seventh annual conference in Auckland August 22-23.
Wednesday, August 28th 2019 - 09:34 UTC
Bolivian president Morales welcomes the G7 tiny contribution to preserve the Amazon rainforest

Bolivia's president Evo Morales gave a half-hearted welcome on Tuesday to a G7 pledge of US$20 million to fight the Amazon wildfires, describing it as “tiny.” An underwhelmed Morales said the aid from the most industrialized countries was part of the world's “obligation” to preserve the Amazon rainforest.
Wednesday, August 28th 2019 - 09:15 UTC
Archeologists in Peru find 227 bodies of pre Columbian sacrificed children

Archeologists in Peru say the 227 bodies they have unearthed from a site used by the pre-Columbian Chimu culture is the biggest-ever discovery of sacrificed children. Archeologists have been digging since last year at the huge sacrificial site in Huanchaco, a beachside tourist town north of the capital Lima.