Americas

Prisoners who took control of a jail in Honduras on Wednesday have surrendered after guards threatened to storm the compound in the city of San Pedro Sula. One person was killed and 11 injured in the clashes. Police said the violence began after an inmate was accused of raping two...

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HOUSTON (ICIS)--US propylene contracts are probably headed for a significant drop in June, market sources said on Friday, citing weak demand and lower spot prices in recent weeks. Polymer-grade propylene (PGP) for May traded this week at 53.00-54.75 cents/lb...

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Spanish oil company Repsol has announced a first attempt to find oil in Cuban waters has failed. Repsol spokesman Kristian Rix said an exploratory well it drilled some 50km (31 miles) off Cuba was unsuccessful and would be abandoned. But he said it was too early to say whether the whole project would be...

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A third Mexican general has been detained for alleged links with a drug trafficking cartel. Gen Ricardo Escorcia Vargas was detained as part of an investigation into organised crime. On Tuesday two other senior officers - Gen Tomas Angeles Dauahare and Gen Roberto Dawe...

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Facebook is launching its first public share offering in a sale that values the social network giant at $104bn. Its major founders...

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LIMA, Peru (AP) — Peruvians traumatized by years of guerrilla violence cheered in 1997 when government troops raided the Japanese ambassador's residence to rescue hostages held for 126 days by leftist rebels. The dramatic rescue, begun with a blast in a clandestinely dug tunnel that shattered a rebel soccer match, captivated the nation. For most Peruvians, the story that would inspire a best-selling U.S. novel ended when the hostages were freed. But 15 years later, and despite more than 180 hearings in three different trials before Peruvian courts, the Inter-American Commission on Human Rights is questioning the fate of the rebels, all 14 of whom were killed. Evidence suggests that three...

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REUTERS - U.S. President Barack Obama will seek to cement a bond with France’s new leader at the White House on Friday before heading to Camp David for a G8 summit where he is set to press Europe to do more to fix the region’s deepening economic crisis. Francois Hollande, sworn in this week as French president, has already made waves by challenging Europe’s austerity focus and saying he will pull French combat troops from Afghanistan by the end of this year. Obama, 50, may use their introductory meeting in the Oval Office to encourage the 57-year-old Socialist to rethink his Afghanistan plans that put France on an earlier exit timetable than other NATO allies. But the two...

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TEGUCIGALPA, Honduras (AP) — Bullets flew as U.S. helicopters swooped toward a river boat. Honduran national police rappelled to the ground and locals scattered after loading close to 1,000 pounds of cocaine. Now reverberations from a drug raid that locals say killed four innocent people are being felt from the sultry jungles of Central America to Capitol Hill. Last week's DEA-supported predawn raid on the banks of a remote Honduran river began when U.S. drug agents and Honduran national police tracked an airplane loaded with cocaine as it entered the country from South America. It reportedly ended with two pregnant women and two men dead. Honduras National Police Chief Ricardo Ramirez del...

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TEGUCIGALPA, Honduras—People in Honduras' predominantly Indian Mosquito Coast region burned down government offices and demanded that U.S. drug agents leave the area, reacting angrily to an antidrug operation in which they say police gunfire killed four innocent people, including two pregnant women. The U.S. Drug Enforcement Administration confirmed on Wednesday that some of its agents were on a U.S.-owned helicopter with Honduran police officers when the shooting happened Friday on the Patuca River in northeastern Honduras. Honduran and U.S. officials said only the police officers on the antidrug mission fired their weapons,...

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HOUSTON (ICIS)--US ethylene for May traded at 51.75 cents/lb ($1,141/tonne, €901/tonne) on Thursday, down by 18% since the start of the month, a reduction that puts spot prices in May below contracts for first time in 2012. US ethylene contracts are now priced at 55.25 cents/lb based on the April settlement, as the US monomer...

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