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Montevideo, November 20th 2018 - 17:44 UTC

Stories for November 22nd 2016

  • Tuesday, November 22nd 2016 - 14:10 UTC

    Brazil admits Trump policies could cause a flow out of capital from emerging economies

    “The risk posed by this scenario is that capital may be caused flow out of, rather than into, emerging economies,” Ilan Goldfajn said

    Brazil's Central Bank (BC) President Ilan Goldfajn said on Monday that the outcome of the US presidential election, won by magnate Donald Trump, brought an element of uncertainty to markets, but reiterated that the institution has kept a close watch on the development of international markets and worked to prevent the effects of “external shocks” from threatening macroeconomic stability.

  • Tuesday, November 22nd 2016 - 13:38 UTC

    Fiscal vulnerability of Brazilian economy exposed at a business conference

    Temer vowed to send a proposal to Congress next month to reform the pension system once lawmakers pass a spending cap.

    Brazilian President Michel Temer warned on Monday that the national debt could swell to the size of the country's gross domestic product within eight years should public spending not be brought under control and fiscal reforms not enacted.

  • Tuesday, November 22nd 2016 - 12:00 UTC

    Francis grants Catholic priests the power to forgive abortion

    Pope Francis allows priests to pardon abortion seekers

    In an apostolic letter published on Monday, the Pope underlined that the Catholic Church needs to bring reconciliation back to “its central place in the Christian life.” The measure is said to be temporary.

  • Tuesday, November 22nd 2016 - 11:11 UTC

    Argentina and Japan, strategic partners, agree on a investment accord to prop economic ties

    “PM Abe highly commended President Macri for taking active steps for driving the country toward economic and political transformation,” the statement said.

    Argentina and Japan agreed on Monday to speed up negotiations for a bilateral investment accord as part of efforts to strengthen economic ties between “strategic partners”. Prime Minister Shinzo Abe and Argentina President Mauricio Macri also agreed to launch talks for a tax pact for increased economic exchanges between the two countries, according to a joint statement issued after their meeting in Buenos Aires.

  • Tuesday, November 22nd 2016 - 10:56 UTC

    TPP without the US would be “meaningless” says Japanese PM Shinzo Abe

    Abe spoke after attending a weekend meeting of Asia-Pacific leaders in Peru at which some said they might try to modify the 12-nation TPP pact

    The Trans-Pacific Partnership (TPP) trade deal would be “meaningless” without US participation, Japanese prime minister Shinzo Abe said as United States President-elect Donald Trump announced he planned to quit the pact. PM Abe’s comment on Monday (Tuesday morning) came shortly before the Mr Trump released a short video about his plans for his administration, including an intention to have the US drop out of the TPP pact.

  • Tuesday, November 22nd 2016 - 10:50 UTC

    Santos: “I have no metastases, no tumor”

    President Juan Manuel Santos says his treatment will not stop him from discharging his duties

    The President of Colombia made the announcement Monday following an urgent trip to the Johns Hopkins Hospital in Maryland, US, on his doctors' advice last week due to disturbing test results that would indicate a relapse of his prostate cancer which was removed surgically in 2011.

  • Tuesday, November 22nd 2016 - 10:11 UTC

    “Many people” would like to see Nigel Farage as UN ambassador in Washington, twits Trump

    The President-elect said: “Many people would like to see @Nigel_Farage represent Great Britain as their Ambassador to the United States. He would do a great job!”

    President-elect Donald J. Trump has ostensibly thrown his support behind the idea of UK Independence Party (UKIP) leader Nigel Farage becoming the British Ambassador to the United States in a tweet issued late on Monday night. Trump issued the statement, unprompted, via his Twitter feed, stating that the idea was popular amongst “many people” in a move that is sure to set the British political establishment into a further tailspin.

  • Tuesday, November 22nd 2016 - 09:48 UTC

    Trump advances plans for his first day: quitting TPP, ending visa abuses and “job killing restrictions”

    Announcing the plan to pull out of the TPP, he said that the US would “negotiate fair, bilateral trade deals that bring jobs and industry back onto American shores”.

    President-elect Donald Trump says the US will quit the Trans-Pacific Partnership trade deal on his first day in the White House. He made the announcement in a video messaged outlining what he intends to do first when he takes office in January. The TPP trade deal was signed by 12 countries which together cover 40% of the world's economy. Trump also pledged to reduce “job-killing restrictions” on coal production and stop visa abuses.

  • Tuesday, November 22nd 2016 - 09:36 UTC

    Uruguay prepared to receive Lula da Silva if he requests political asylum

    “Brazil is a very important country for Uruguay, from all points of view; it is in the interest of us to have the best of possible relations with the government of Brazil”.

    President Tabare Vazquez said on Monday that Uruguay recognizes the government of president Michel Temer, respects the decisions of Brazil emerging from its political situation and admitted considering giving asylum to Brazilian politicians, if contemplated under International Law.

  • Tuesday, November 22nd 2016 - 09:21 UTC

    Merciless Pacific “ring of fire” hits Japan with a massive quake and tsunami

    U.S. Geological Survey measured the earthquake at magnitude 6.9, while Japan’s Meteorological Agency placed it at magnitude 7.3 and at a depth of 6.2 miles.

    Japan’s east coast, near Fukushima - the very site that witnessed the devastating 2011 earthquake, followed by a tsunami that claimed closed to 19,000 lives - was jostled by yet another massive quake on Tuesday morning. The U.S. Geological Survey has measured the earthquake at magnitude 6.9, while Japan’s Meteorological Agency placed the earthquake at magnitude 7.3 and said it occurred at 6 am local time and was measured at a depth of 6.2 miles.

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