01182017Wed
Last update: Wed, 18 Jan 2017 10am

South America

World - South America

Brazil's Temer says states must still commit to austerity BRASILIA: Brazil's President Michel Temer said on Wednesday that states that seek debt relief from the federal government will be required to commit to austerity practices despite a bill passed by the lower house of Congress excluding fiscal commitments. Temer did not say whether he has decided or not to veto the bill passed Tuesday night in a reversal for his plan to restore fiscal discipline in Brazil. Copyright Reuters, 2016 ...

World - South America

Brazil poised to leave recession in 2017: minister BRASLIA: Brazil is set to exit its recession next year with weak growth and is laying the groundwork for a return to long-term stability, Finance Minister Henrique Meirelles said Wednesday.Meirelles was cautious about predicting exactly when growth would return, following two years of shrinking GDP."There are possibilities but also uncertainties that GDP will be positive in the first quarter of 2017. But we are not counting on it," he told a press conference.Over the year, ...

World - South America

Venezuela reopens border crossing with Colombia CARACAS: Venezuela reopened Tuesday a border crossing with Colombia that it had closed as part of a messy crackdown on what it called currency hoarders.A pedestrian crossing over the Simon Bolivar Bridge -- joining the cities of San Antonio in Venezuela and Cucuta, Colombia -- reopened after a telephone conversation between the countries' presidents Monday night, according to Venezuelan information minister Ernesto Villegas.The crossing had been closed since December 12 as part of a currency ...

World - South America

Brazil to challenge Canada at WTO for Bombardier state funding BRASILIA: Brazil's Foreign Ministry said on Monday that its foreign trade chamber had authorized proceedings at the World Trade Organization (WTO) against Canada for alleged state subsidies for its aerospace industry. Foreign Minister Jose Serra told Reuters in July that Brazil was mulling a WTO challenge of investments by the province of Quebec in planemaker Bombardier Inc, which competes directly with Brazil's Embraer SA. Copyright Reuters, 2016 ...

World - South America

Earthquake along Ecuador's coast kills 1, destroys hotels QUITO: A 5.8 magnitude earthquake shook Ecuador's Pacific coast early on Monday, killing one person, injuring a dozen others and damaging hotels in the area, authorities said. The country's geological institute recorded the quake off the coast of Atacames in Esmeraldas province, northwest of Quito, the capital. The quake was followed by 15 lesser-magnitude aftershocks. "We regret that a 75-year-old woman suffered a heart attack because of the quake," national risk management secretary Susana Duenas ...

World - South America

Strong quakes rattle coastal Ecuador QUITO: Several strong earthquakes rattled Ecuador's northwestern coast in the pre-dawn hours of Monday, leaving some areas without power but with no reports of casualties.The South American nation is still recovering from a devastating 7.8-magnitude quake that killed 673 people in April and left some 6,000 injured.That quake flattened homes and buildings up and down a long stretch of Ecuador's northwestern Pacific coast, reducing picturesque resort towns to rubble. Hardest hit was the city and ...

World - South America

6.1 magnitude quake hits Peru, no injuries reported LIMA: An earthquake of 6.1 magnitude struck Sunday in Peru near the border with Brazil but no damage was reported, the government said.The quake hit 100 kilometers (60 miles) southeast of the town of Esperanza at a depth of 550 kilometers, the Geophysical Institute of Peru said.Deeper quakes like this one tend to cause less damage than ones that hit closer to the surface of the earth.Civil defense authorities said that so far no injuries ...