02102016Wed
Last update: Wed, 10 Feb 2016 07am

South America

World - South America

Mexico floods will trim '13 growth: minister MEXICO CITY: Severe flooding that hit Mexico this month is likely to knock off about 0.1 percentage point from growth in 2013, with reconstruction efforts in the final quarter helping to dampen the impact, Finance Minister Luis Videgaray said on Friday."The effect will obviously be concentrated on September, and the reconstruction work will have a positive impact on gross domestic product in the last quarter of the year, so the net effect will be about 0.1 percent of GDP," Videgaray said.Prior to the flooding that killed more than 130 people, destroyed much farmland and ruined roads and bridges, the government had forecast growth of 1.8 percent for this year.Speaking on Mexican radio, Videgaray said the flooding would have a temporary impact on inflation of no more than 0.15 percentage points and that the economy would see stronger growth in the third quarter than in the previous three-month period.Mexico's economy contracted ...

World - South America

Peru declares state of emergency for quake-hit areas LIMA: Peru declared a 60-day state of emergency in various areas Friday, two days after a powerful magnitude 7.0 earthquake struck off the country's southern coast.The measure, announced by Peru's council of ministers, aims to respond to needs in the country's vast southern region where mud houses collapsed in rural areas in three departments.Teams from the National Institute of Civil Defense (INDECI) are evaluating people's health and providing health services, said Prime Minister Juan Jimenez, ...

World - South America

Peru rescues man trapped in mine after 7.0 quake, no deaths LIMA: Authorities in Peru said they rescued a man trapped in a mine on Wednesday after a 7.0-magnitude earthquake shook the coast - causing landslides, damaging homes and schools and injuring at least 17 in rural provinces.The man had suffered multiple traumatic injuries and was being treated, said a preliminary report published online late on Wednesday by Peru's civil defense institute.The report mentioned no deaths resulting from the quake, which the US Geological Society said ...

World - South America

Brazil stadium could convert to prisoner centre RIO DE JANEIRO: With a record five World Cup titles and a reputation for fostering The Beautiful Game, Brazil should have little difficulty attracting fans to next year's tournament. Yet nine months before the big kick off the Latin American powerhouse is already considering the social legacy of the event.And in so doing, the Brazilians are giving a new meaning to the phrase 'captive audience'.It's a concept they're taking quite literally up in the northern ...

World - South America

Polish airline LOT adds filter glitches to list of Boeing claims WARSAW: Poland's flagship carrier LOT had to delay some of its Boeing 787 Dreamliner flights after checkups showed two planes lacked gas filters, the company's spokeswoman said.Barbara Pijanowska added LOT would add the cost of temporary replacement plane rentals to its list of compensation claims from Boeing."There was absolutely no danger to passengers. At a regular checkup, we found that two of our Dreamliners had no gas filters. That is not anything major, it's a ...

World - South America

Venezuela seizes cocaine bound for flight to Spain CARACAS: Venezuela said on Wednesday it had foiled smugglers trying to place cocaine on an Iberia flight to Spain while the number of people arrested in Venezuela over last week's discovery of 1.3 tonnes of the drug on an Air France flight rose to 17.Venezuela's location on South America's Caribbean and Atlantic seaboards has made it a popular point for smuggling Colombian cocaine to US and European markets.President Nicolas Maduro's government says it is catching ...

World - South America

Frosts hit Argentine wheat belt BUENOS AIRES: Argentina's wheat belt was hit by frosts early on Tuesday that threaten to damage 2013/14 crop yields, meteorologists said, warning that more cold weather was on the way.Recently planted fields in northern Buenos Aires, Cordoba and Santa Fe provinces took the brunt of the cold snap."It could be serious," said Eduardo Sierra, weather expert at the Buenos Aires Grains Exchange. "This is a very weather-sensitive time of the year for wheat plants, depending ...