A $29billion purchase of Kansas City Southern, KCS, by Canadian Pacific Railway Ltd., CP, will create a new entity called Canadian Pacific Kansas City and the first rail network connecting the three countries from Vancouver to Veracruz. “Joining seamlessly in Kansas City, Mo., in America’s heartland, CP and KCS together will connect customers via single-network … Read more
Projected Gross Domestic Product growth for Latin America and the Caribbean is put at 3.2% for 2021-2023, according to projections of the Inter-American Development Bank, while Brazil’s expected growth is 2.7%. When Brazil is excluded, projected growth for the Southern Cone countries–Argentina, Chile, Paraguay, and Uruguay –is 3.5%. “Brazil has significant challenges –it needs to enact a … Read more
SAO PAOLO, Brazil – The Comissão de Valores Mobiliários do Brasil has approved blockchain investment EFTs to trade the Sao Paulo-based B3 exchange. The move follows the approval of 3 similar funds in Canada in the last months. Rio-based QR Asset Management will make its first offering of $100m for qualified investors in June. By … Read more
Iceland’s Fagradalsfjall volcano erupted with a 2k-foot long fissure following as many as 50k earthquakes over the past 3 weeks. The size of the eruption is such that it is not expected to spew out much ash, so aviation should not suffer disruption, said the country’s meteorological service. By Milan Sime Martinic Read more
YANGON, Myanmar – The Tin Nyo IDP camp in Mrauk U, Rakhine state caught fire due to negligence and 700 houses were burnt. People from 13 villages had been displaced to the camp, with a population of 3000, in consequence of the clashes between Arakan Army and the Myanmar military in recent years. Recently the … Read more
YANGON, Myanmar – Two textile factories of owned by Chinese companies in the Hlaing Tharyar industrial zone caught fire during the violent confrontation between protesters and security forces on March 14. No one has claimed responsible for that incident. The Chinese embassy has called for the Myanmar military to undertake further measures for the security … Read more
The Association of Automotive Dealerships in Argentina (ACARA) reported that their survey shows that the amount of money needed to buy a car has almost doubled, projecting an increase of 80% over 2018 prices by the end of 2021. ACARA says inflation, wage delays, and rising prices for new cars make it difficult for car … Read more
A purchase of 800k tons Friday topped a volume greater than 100k for the fourth time this week, resulting in interim purchases of 3.876 million tons, announced the USDA. All sales made on a single same day to the same destination with volumes over 100k tons are required to be reported to the department. It … Read more
After being impeached for “moral incapacity” last November, Peru’s attorney general asked for 18 months of preventative prison while Martín Vizcarra is investigated for corruption charges, but a judge this week ruled he can remain free during the investigation, with certain restrictions such as no travel outside his home area and having to appear in … Read more
Male members of the Bolivian lower house of congress received a packet of generic Sildenafil, the main ingredient in the ED pill Viagra, as they entered Congress Thursday, an early gift anticipating Bolivian Father’s Day Friday. It is believed the gift came from the MAS ruling party. Opposition congresswoman Samantha Nogales called the gift “unacceptable, … Read more
A pregnant woman who fell off the wall west of El Paso died last year, and Border Patrol, CBP, takes many badly injured people to clinics near the border, reported the Texas Standard, but their report also interviewed several people who were sent back across the border in trauma without medical treatment. It is negligence, … Read more
Despite pleas from his mother not to shoot because her son was inside, Houston police shot into the car where a man accused of armed assault had gone as he ran away from them. One of the bullets hit the baby. Legend Smalls is fighting for his life, reports his aunt. By Milan Sime Martinic Read more