12082016Thu
Last update: Thu, 08 Dec 2016 04am

South America

World - South America

Consumer confidence in Brazil falls for 1st time under Temer BRASILIA: Consumer confidence in Brazil fell in November for the first time since President Michel Temer took office in May as hopes of a quicker exit from recession were frustrated. The Getulio Vargas Foundation (FGV) index of consumer confidence released on Thursday fell to 79.1 in November from a near two-year high of 82.4 in October. The dip in consumer confidence is a setback for Temer, who had hoped a faster economic recovery would boost his popularity ratings, which have remained low since he replaced former President Dilma Rousseff in May. Brazil's two-year-long recession worsened in the third quarter, according to central bank data. Over one in five Brazilian workers are either unemployed, working part time or have given up finding a job, statistics agency IBGE said on Tuesday. "In the absence of positive news about the economy and with the continued deterioration of the labor market, some consumers have ...

World - South America

Peru slams UN agency for hiring former first lady under investigation LIMA: Peru rebuked the United Nations Food and Agriculture Organization on Wednesday for hiring former first lady Nadine Heredia as a Geneva-based director while she is a suspect in a money laundering inquiry. The South American country's Foreign Affairs Ministry issued a statement expressing its "displeasure and protest" over the appointment, which comes amid allegations by public prosecutors that Heredia and her husband, former president Ollanta Humala, took illicit funds from the government of Venezuela ...

World - South America

China defends Asia-Pacific trade after Trump threat SANTIAGO: China's President Xi Jinping vowed to strengthen world trade in the face of US President-elect Donald Trump's threat to pull out of a key trans-Pacific accord.Speaking on a visit to Chile on Tuesday, he vowed to "push to build an Asia-Pacific free-trade zone and an open world economy."Trump on Monday vowed to withdraw the United States from the Trans-Pacific Partnership (TPP) trade pact on his first day in the White House.On the last stop ...

World - South America

Trump's daughter Ivanka joined call with Argentina's Macri BUENOS AIRES: Ivanka Trump, daughter of US President-elect Donald Trump, briefly joined her father's telephone call with Argentine President Mauricio Macri earlier this month, Macri's spokesman said on Tuesday. The two men spoke on Nov. 14, making Macri one of few Latin American leaders who had spoken with Trump in the days following his surprise victory in the US presidential election. The call was aimed at rekindling a relationship formed when they worked as businessmen ...

World - South America

Colombia's FARC reject Uribe's offer to meet over peace accord BOGOTA: Colombia's Marxist FARC rebels on Tuesday rejected an invitation by opposition leader and former President Alvaro Uribe to discuss the latest peace accord and see if more modifications to the complex deal are possible. Uribe, who spearheaded the push to reject the original peace accord in an October plebiscite, is not happy with the revised version and wants deeper changes. But the rebels declined the ex-president's offer. "Uribe governed badly, corrupted and bled Colombia ...

World - South America

Brazil to focus on reducing debt burden, boost productivity BRASILIA: Brazilian Finance Minister Henrique Meirelles on Monday said that the government will focus on reducing its surging public debt burden and later push ahead with reforms to increase productivity. Speaking to business leaders at the presidential palace in Brasilia, Meirelles said the country needs to rebalance its public accounts to exit its worst recession in decades.Copyright Reuters, 2016 ...

World - South America

Copter crash kills four police near Rio slum after shootings RIO DE JANEIRO; A police helicopter crashed near one of Rio de Janeiro's impoverished favela neighborhoods on Saturday, killing four officers after a day of intense gunfire in the area, Brazilian police said."We do not yet have information on the causes, an investigation will be opened," a police spokesman told AFP, confirming that security forces had carried out operations earlier in the day in the Cidade de Deus favela near the site of the crash.Video ...