Economy

• Wednesday, April 8th 2015 - 18:26 UTC

  Santos port soy exports expected to resume at slow pace after six-day fire

  

  Brazil’s soy exports will likely slow because a six-day fire at a nearby fuel-storage facility has restricted access to Brazil’s largest port, Santos, a port official and the soy industry association Abiove said. Authorities have agreed to restrict truck access to some terminals at the port at least through Wednesday while flames are extinguished.

• Wednesday, April 8th 2015 - 17:40 UTC

  Obama/Castro in Panama: 'grip and grin” photo or historic head-to-head sit down?

  

  President Barack Obama will attend a Summit of the Americas in Panama this week, a gathering that could see the first substantive meeting between US and Cuban leaders in half a century.

• Wednesday, April 8th 2015 - 17:11 UTC

  Bachelet denies any idea of stepping down, because of her family's corruption scandal

  

  “No way, I've never thought of resigning or stepping down” said emphatically Chilean president Michelle Bachelet on Wednesday, following a barrage of media rumors which echoed in the social networks during Holy Week, which in South America in a long weekend holiday.

• Wednesday, April 8th 2015 - 14:44 UTC

  Argentina's few friends in the world; China and Russia, Cristina Fernandez foreign policy priorities

  

  Argentina's foreign policy, under president Cristina Fernández, has new priorities, China and Russia, according to columnist Joaquin Morales Solá, one of the outstanding political analysts of Argentina. This means a radical change from democratic Argentina (since 1983) when the interests of the country were targeted in Latin America, particularly Brazil, Europe and the US, although the importance of the short list varied according to the different elected presidents.

• Tuesday, April 7th 2015 - 22:40 UTC

  Falklands oil exploration rig moves to Isobel Deep, following Zebedee drilling success

  

  Following its success with the Zebedee drill, the rig Eirik Raude is moving a short distance to start the second well of the latest Falkland Islands exploration campaign. The next target of the current four prospects exploration campaign is Isobel Deep, later followed by Jayne East and finally Chatham.

• Tuesday, April 7th 2015 - 09:24 UTC

  FAO Food Price Index down in March helped by a sharp drop in sugar

  

  The FAO Food Price Index continued to decline in March, dropping 1.5 percent from February and 18.7 percent (40 points) below its level a year earlier.

• Tuesday, April 7th 2015 - 09:15 UTC

  Argentine farmers defy Cristina Fernandez with ‘silo-bags’ to hoard soybeans

  

  Argentine farmers have stockpiled more than twice as many soybeans this year than in 2014 defying a government desperate to increase export tax revenue needed to finance rising state spending ahead of the October presidential election.


• Tuesday, April 7th 2015 - 07:51 UTC

  World soy production forecasted to fall next season; Argentina could be the exception

  

  World soybean production will fall next season for the first time in four years, undermined by a drop in US output, although the fall may not prove sufficient to support prices, Oil World said. However in South America, Argentina and Paraguay could be heading for new record crops.

• Tuesday, April 7th 2015 - 07:46 UTC

  Argentina appeals to Judge Griesa bar on Citibank to process bonds under local law

  

  Argentina has formally appealed to the New York justice system the ruling handed down by district judge Thomas Griesa, which barred intermediary Citibank from processing US dollar denominated debt services issued under Argentine law and which expired on March 31.

• Tuesday, April 7th 2015 - 05:55 UTC

  Argentine regulators inspect Citibank, following dispute over accord with hedge funds

  

  Argentina’s central bank sent regulators to inspect Citibank's headquarters in Buenos Aires on Monday after the head of the branch was suspended amid a legal battle over Argentina's debt. Regulators are working to verify whether the bank was able to maintain normal operations following CEO Gabriel Ribisich's suspension last week, the government news agency Telam said.