Regional News

Brazil enters recession in election blow to Rousseff

SAO PAULO, (Reuters) - Brazil fell into a recession in the first half of the year as investment dropped sharply and the country’s hosting of the World Cup suffocated economic activity, a major blow to President Dilma Rousseff’s already fading hopes for re-election in October .

SAO PAULO, (Reuters) – Brazil fell into a recession in the first half of the year as investment dropped sharply and the country’s hosting of the World Cup suffocated economic activity, a major blow to President Dilma Rousseff’s already fading hopes for re-election in October. Latin America’s largest economy has suffered stagnant growth for more than three years under the economic policies of the left-leaning Rousseff, which have dented consumer and business confidence and caused heavy losses for financial investors. The economy took an even bigger downturn in the second quarter, with gross domestic product contracting 0.6 percent from the first quarter, government statistics agency IBGE said on Friday. It also revised lower its estimate for first-quarter activity to a 0.2 percent contraction, meaning the economy entered a recession. The data that confirmed the recession, Brazil’s first since the global financial crisis of 2008-09, gives a powerful weapon to Rousseff’s opponents in the Oct. 5 election at precisely the moment that her candidacy is at its most vulnerable. Polls over the last week have shown Rousseff falling behind centrist candidate Marina Silva in the event of a second-round runoff, which appears likely. Silva and the other main opposition candidate, Senator Aecio Neves, have strongly criticized Rousseff for being weak on inflation and ruining the economic momentum that made Brazil a Wall Street darling last decade. “Today is a sad day for Brazil,” Neves told reporters. “The truth is that this government failed, and it failed principally in its steering of Brazil’s economy.” Brazil’s economy grew an average 4 percent under Rousseff’s predecessor, Luiz Inacio Lula da Silva, from 2003 to 2010. Growth under Rousseff’s watch is set to average less than 2 percent. Brazil’s stock market rose as investors focused less on the bad economic report and more on the increasing possibility that Rousseff might not be re-elected. One equities investor on Wall Street e-mailed simply: “Hallelujah.” In comments to reporters in the northeastern state of Bahia Friday, Rousseff promised that economic performance during the second half of the year would be “better.” The comments were broadcast via social media by Rousseff’s campaign.

(Trinidad Express) With a vote of 18 for and 12 against, the Consti-tution (Amendment) Bill 2014 was passed in the Upper House, Tower D, International Waterfront Centre, Port of Spain, Thursday night .

Controversial T&T constitution Bill passed after marathon Senate session

(Trinidad Express) With a vote of 18 for and 12 against, the Constitution (Amendment) Bill 2014 was passed in the Upper House, Tower D, International Waterfront Centre, Port of Spain, last night .

Constitution bill would give T&T ruling coalition unfair advantage –PNM

(Trinidad Express) Once the People’s National Movement (PNM) is voted into office they will immediately repeal the Constitu-tion (Amendment) Bill, 2014 if it is passed in the Upper House, Opposition Senator Camille Robinson-Regis has said .

Jamaica agri minister dies

(Jamaica Observer) KINGSTON, Jamaica— Minister of Agriculture Roger Clarke died yesterday .

UWI roll tumbles

(Barbados Nation) Where have all the students gone?That is the big question officials at Cave Hill campus of the University of the West Indies (UWI) are asking now that registration for continuing students has ended, and that for new students moves into the third day today .

Brazil’s Silva winning over investors in presidential race

RIO DE JANEIRO, (Reuters) - Investors are warming up to a possible victory by Marina Silva in Brazil’s presidential election as the popular environmentalist emerges as their best shot at avoiding four more years of a government they strongly dislike .

Venezuela mulls importing Algerian crude -document

HOUSTON, (Reuters) - Venezuela’s state-run oil company PDVSA is considering importing Algerian light crude to be used as a diluent for its own extra heavy oil, according to an internal company document seen by Reuters yesterday, and the move could mark the first ever crude import by the OPEC member .

Silva surges in Brazil election race, threatens Rousseff -poll

BRASILIA, (Reuters) - A surging Marina Silva has narrowed President Dilma Rousseff’s lead in Brazil’s presidential race, a new opinion poll showed yesterday, paving the way for a likely second-round runoff in which the popular environmentalist looks well-positioned to win .

T&T opposition leader knocks AG on Emailgate

(Trinidad Express) Opposition Leader Dr Keith Rowley has descried as “laughable” claims made by Attorney General Anand Ramlogan that the Emailgate scandal is now invalidated .

Legal advisor to T&T AG had advised against controversial tender

Legal advisor to T&T AG had advised against controversial tender

(Trinidad Express) The Ministry of Planning and Economy did not comply with the Central Tenders Board (CTB) Act when it tendered and selected the three developers for the billion-dollar Invader’s Bay Development project, a legal opinion provided to Attorney General Anand Ramlogan has concluded .

Google shoots down T&T ‘Emailgate’: Ramlogan plans to sue Rowley

(Trinidad Express) ATTORNEYS representing Attorney General Anand Ramlogan yesterday produced a certified affidavit from Google Inc which they claim invalidates the entire emailgate scandal .

Tropical Storm Cristobal forms near southeastern Bahamas

(Reuters) - Tropical Storm Cristobal formed near the southeastern Bahamas today and is moving to the northwest with winds near 45 miles per hour (72 km per hour), the U .

Manning declines award

Persad-Bissessar announces Order of T&T for two former PMs...

(Trinidad Express) Former prime minister Patrick Manning on Friday said he was declining the award of the nation’s highest honour, The Order of The Republic of Trinidad and Tobago, announced on Thursday night by Prime Minister Kamla Persad-Bissessar .

Brazil’s slump hits job market as election approaches

SAO PAULO/BRASILIA (Reuters) - Many of Brazil’s biggest retailers, homebuilders and carmakers are cutting jobs as Latin America’s largest economy teeters on the edge of recession, a fresh blow to President Dilma Rousseff’s re-election bid .

Patrick Manning declines national award

(Trinidad Express) Former prime minister Patrick Manning yesterday said he was declining the award of the nation’s highest honour, The Order of The Republic of Trinidad and Tobago, announced on Thursday night by Prime Minister Kamla Persad-Bissessar .

Triggerman in Dana Seetahal murder shot dead by police - report

Triggerman in Dana Seetahal murder shot dead by police – report

(Trinidad Guardian photo) The man who pumped five bullets, at close range, into the head and body of Senior Counsel Dana Seetahal has been identified as one of three men killed in a police shootout at Freeport on Wednesday .

Two ancient Mayan cities found in Mexican jungle

MEXICO CITY, (Reuters) - Archaeologists have found two ancient Mayan cities hidden in the jungle of southeastern Mexico, and the lead researcher says he believes there are “dozens” more to be found in the region .

Triggerman in Dana Seetahal murder shot dead by police - report

Triggerman in Dana Seetahal murder shot dead by police – report

(Trinidad Guardian photo) The man who pumped five bullets, at close range, into the head and body of Senior Counsel Dana Seetahal has been identified as one of three men killed in a police shootout at Freeport on Wednesday .

T&T clears tighter anti-laundering law

(Trinidad Express) All past, present and future money laundering transactions will be caught under the Miscellaneous Provisions (Proceeds of Crime Anti-Terrorism, Financial Intelligence Unit of Trinidad and Tobago) (No 2) Bill, 2014, Leader of Government Business in the Senate Ganga Singh has said .

Three suspected bandits die in  alleged shoot-out with T&T cops

Three suspected bandits die in alleged shoot-out with T&T cops

(Trinidad Express) Five days after two alleged car thieves were killed by police in Central Trinidad, three more suspected bandits have been shot dead .

Trinidad Cement Limited chief executive suspended

(Trinidad Express) Trinidad Cement Ltd chief executive Dr Rollin Bertrand was suspended on Wednesday by the newly-installed board of directors of the Claxton Bay producer .

Four killed by gunmen in Jamaica

(Jamaica Gleaner) KINGSTON, Jamaica: Four persons were shot and killed by masked gunmen in Linstead, St Catherine on Wednesday night .

Threee suspected bandits die in alleged shoot-out with T&T cops

(Trinidad Express) Five days after two alleged car thieves were killed by police in Central Trinidad, three more suspected bandits have been shot dead .

Six Trinidad Cement Limited board directors quit

Six Trinidad Cement Limited board directors quit

….but defiant Bertrand stays as CEO

(Trinidad Guardian) Shareholders of Claxton Bay-based Trinidad Cement Ltd (TCL) on Tuesday voted unanimously to elect seven new directors to the board of the regional cement producer, following news that six directors of the company, including its chairman Andy Bhajan and CEO Rollin Bertrand, had tendered their resignations .

Brazil’s PSDB party would support Silva in runoff

Brazil’s PSDB party would support Silva in runoff

SAO PAULO, (Reuters) - The Brazilian Social Democracy Party (PSDB), the country’s biggest opposition group, would formally support environmentalist Marina Silva in a runoff vote for the presidency if its own candidate fails to qualify, a party source told Reuters .

U.S. imposes sanctions on alleged Honduran drug gang

WASHINGTON, (Reuters) - The United States yesterday imposed sanctions on a Honduran group it alleges is responsible for smuggling tens of thousands of kilograms of cocaine each month into the United States .

US judge backs T&T Integrity body against Google

 (Trinidad Guardian) A United States federal judge has ordered Google to hand over the secret e-mail records belonging to Attorney General Anand Ramlogan and Prime Minister Kamla Persad-Bissessar so that the Integrity Commission can unravel claims of a criminal conspiracy .

Three more in Guyana crash landing to sue CAL

(Trinidad Guardian) An attempt by Caribbean Airlines Limited to prevent three more persons from suing for personal injuries arising from the crash landing of Caribbean Airlines Flight BW 523 in Guyana three years ago, was denied by a US district court judge on Wednesday in Brooklyn, New York .

IMF sees potential spillovers from PetroCaribe

(Trinidad Guardian) The International Monetary Fund (IMF) in its 2014 Spillover Report released August 18 said it sees potential spillovers including “macroeconomic difficulties” into the economies PetroCaribe now helps .

China funding revival of Sam Lord’s Castle

(Barbados Nation) MORE THAN 1 000 people will be employed by a new Sam Lord’s Castle that will start taking shape in mid-2015 .

Landmark Brazil poll contains good news for Rousseff

Landmark Brazil poll contains good news for Rousseff

SAO PAULO, (Reuters) -Although a new poll shows Brazilian President Dilma Rousseff suddenly facing a tougher road to re-election, she also saw a sharp recovery in her approval ratings and resilient voter support through what will likely be the campaign’s most emotional and volatile period .

Brazil makes progress on saving forests, Indonesia risks setbacks-report

OSLO, (Reuters) - Brazil has made good progress in safeguarding the Amazon rainforest but Indonesia’s plans for its forests could face setbacks under a new government, a report commissioned by top forest aid donor Norway said yesterday .

Trinidad PM: No Indian takeover

(Trinidad Express) The controversial run-off provision of the Constitution (Amendment) Bill 2014 will not allow Indians to take over the country, says Prime Minister Kamla Persad-Bissessar .

T&T Central Bank granted injunction to stop news article

(Trinidad Express) The Central Bank was granted an injunction against the Newsday newspaper on Friday night to prevent the publication of a story .

Colombia’s war victims ask country to support peace talks

HAVANA, (Reuters) - Victims of Colombia’s 50-year-old war pleaded with peace negotiators to reach a deal and said they were willing to forgive heinous acts of cruelty, urging Colombians to unite behind the effort to end the bloodshed .

T&T law body calls for consultation on proposed constitution reforms

T&T law body calls for consultation on proposed constitution reforms

(Trinidad Express) While Government continues to press on with its promise to make sweeping changes to the Constitution, the backlash against the bill continues to grow .



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