Peru: Morning News Roundup – Thursday, June 7

Morning News RoundupLima Stock Exchange (BVL) Recap

(LIP-jl) — Lima’s stock exchange (Bolsa de Valores – BVL) closed yesterday’s trading session with its first loss in five days. The BVL closed Wednesday’s trading session at 21,058 points, a decrease of 1.32% from Tuesday’s close. The Selective Index -ISEL (index that groups the 15 leading stocks), closed at 36.683 units, a decrease of 1.26%. Some of yesterday’s most active stocks included: Pucala (-11.7%), Austral Group (-4.21%), Cerro Verde (-3.1%), Casa Grande (-2.17%), and Cartavio (-2.04%).

Soccer-Ecuador beats Peru 2-0 in Barcelona

Late strikes from Christian Benitez and Ulises de le Cruz earned Ecuador a 2-0 win over Copa America rivals Peru at Barcelona’s Mini Estadi on Wednesday. Ecuador lost 2-1 to Peru when the two teams met in Madrid on Sunday and they were second best for long periods in the rematch on Wednesday. But they took the lead with practically their first clear chance of the game five minutes from time when Benitez took advantage of some slack marking from the Peru defense to crack home after a corner. Further sloppy defending allowed De la Cruz to add a second deep into injury time, the Reading defender racing clear from 40 meters out and then drilling an angled shot below keeper George Forsyth. The Copa America kicks off on June 26. Peru have been drawn in Group A with hosts Venezuela, Bolivia and Uruguay, while Ecuador are in Group B with Brazil, Mexico and Chile. (Reuters)

Peru, Chile hashing out sea borders

Peru Foreign Minister Jose Garcia Belaunde expects Chile to protest the maritime chart that Peru submitted to the UN. Garcia Belaunde told a local radio station that the document states in writing Peru’s views on the common sea border, and the announcement of a firm and clear reaction by Chilean counterpart Alejandro Foxley is seen as a threat. The clashes confirm differences between both countries and require a peaceful settlement through negotiation or litigation at the Hague. Chile claims the border was mapped at a trilateral accord signed 50 years ago with Ecuador but Peru demands resetting, since the old map was limited to fishing zones not national borders. Luis Gonzales Posada, president of the Parliament Defense Commission, said Peru will give a "firm legal response" to Chile’s stand on the chart. (Prensa Latina)

Peru protest cuts output at Argentina’s Pluspetrol

Argentina’s Pluspetrol has cut output at a key block on an oil field in northern Peru after some 100 people stormed the facility protesting a government decision to void tax breaks for residents in the country’s Amazon region, the company said on Wednesday. Pluspetrol halted its operations late on Tuesday at Block 8 in the Loreto region in Peru’s Amazon jungle where it produces an average of 10,000 barrels a day. "After unfruitful talks, the company decided to gradually suspend operations to protect the physical safety of the workers and the security of the installations," Pluspetrol said in a statement. Residents in the Loreto region began a three-day strike on Monday over the government’s decision to roll back gas and other tax breaks. The government insists the move will have only limited impact in Loreto. Demonstrators at the Pluspetrol site called on the company to halt production to adhere with the strike. Pluspetrol is one of Argentina’s biggest natural gas producers and leads a consortium pumping gas from Peru’s huge Camisea field, one of the biggest reserves in South America. (Reuters)

Andean nations fight FIFA high-altitude ban, call on Pele

Andean countries appealed Wednesday to Brazilian soccer legend Pele to support their efforts to overturn a FIFA ban on international matches played above 8,200 feet. Bolivian president Evo Morales – whose presidential palace in La Paz is 11,800 feet above sea level – called on Pele not to support those who he said were discriminating against high-altitude countries. "I am your admirer and I want to ask you to defend your brothers," Morales said. Pele has expressed support for the ban, recalling how he and his Brazilian teammates suffered when playing high-altitude matches and questioning why soccer authorities did not issue the ban earlier. Bolivia, along with Peru, Ecuador and Colombia, agreed Wednesday to work together against the ban, issuing a declaration saying the new FIFA policy "violates the sovereignty of our nations." FIFA’s ruling, announced last month, cited concerns for players’ health and the home advantage highland teams have over their visiting lowland rivals. The decision has outraged fans, soccer officials and governments in Latin America. Doctors from the region say there is no scientific evidence to suggest that playing soccer at a high altitude affects health. (AP/USA Today)