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Montevideo, August 19th 2017 - 03:38 UTC

Stories for August 2017

  • Saturday, August 5th 2017 - 07:37 UTC

    The political motive behind football’s biggest transfer

    Neymar’s new club Paris Saint-Germain (PSG) are owned by Qatari Sports Investment (QSI), a closed shareholding organisation founded in 2005

    by Luke Blackstock -The change of employer for 25-year-old, Brazilian footballer Neymar da Silva Santos Jr and a diplomatic crisis halfway around the world apparently have no link. Neymar has become the world’s most expensive footballer after signing for Paris Saint-Germain, and priced away from one of its biggest clubs.

  • Saturday, August 5th 2017 - 06:54 UTC

    Standard Chartered moves European base to Frankfurt because of Brexit

    German's strong credit rating informed the bank's location choice, said chief executive Bill Winters. The bank has about 100 staff in Frankfurt currently.

    Standard Chartered is set to spend about US$20m to turn its Frankfurt office into a European base due to Brexit. The bank plans to create a subsidiary at its German branch to maintain access to the European market after Britain withdraws from the European Union.

  • Friday, August 4th 2017 - 11:27 UTC

    Latam and Caribbean forecasted to expand 1.1%, but South America, 0.6%

    ”Financial policy must target credit stabilization and a monetary policy that supports investment, beyond instruments such as interest rate,” Alicia Bárcena said

    Latin America and Caribbean countries will grow 1.1% on average in 2017 after two consecutive years of contraction, thanks to an international context that shows improved growth expectations despite geopolitical risks, and better prices for the commodities that the region exports, according to a new annual report that ECLAC presented on Thursday in Santiago, Chile.

  • Friday, August 4th 2017 - 08:35 UTC

    Brexit uncertainty pounding the economy says Bank of England governor

     ”It's evident...that uncertainties about the eventual relationship (with EU) are weighing on the decisions of some businesses”, said Mark Carney

    The governor of the Bank of England has warned that uncertainty over Brexit is already weighing on the economy. Mark Carney's comments came as the Bank voted to hold rates and cut growth forecasts. It edged this year's growth forecast down to 1.7% from its previous forecast of 1.9% made in May and also cut the forecast for 2018 from 1.7% to 1.6%.

  • Friday, August 4th 2017 - 08:22 UTC

    Falkland Islands issues four colorful coins featuring King penguins

    The seven-sided coin with a vivid color application features a large, adult male king penguin with his smaller female companion lovingly touching their beaks.

    The government and treasury of the Falkland Islands have issued (24th July) their latest coin in their hugely popular series of four coins highlighting the wonderful world of penguins—a species of bird found in significant numbers in the South Atlantic.

  • Friday, August 4th 2017 - 08:09 UTC

    Temer expected to retake reforms agenda with Congress, but how strong is he?

    Temer emboldened by a 263-227 vote to block the bribery charges, now wants to resume talks with legislators by early next week, gauging support for the reforms

    Brazil's Congress is expected to reopen the door for a modest pension overhaul as soon as October, lawmakers said before returning to normal business on Thursday following a vote to block a corruption trial against President Michel Temer. Still, legislators warned that Temer must spend some of his newfound political capital either on measures raising tax revenue or a new, less ambitious 2017 budget target.

  • Friday, August 4th 2017 - 07:45 UTC

    British Labour party divided on support for Venezuela's Maduro regime

    Shadow foreign minister Liz McInnes called on the government of Venezuela to recognize its responsibilities to protect human rights, free speech and rule of law.

    Labour MP close to Jeremy Corbyn has criticized the US's decision to impose sanctions on the Venezuelan president. Chris Williamson said it would be “better to facilitate talks” between the government and opposition amid ongoing political unrest and violence.

  • Friday, August 4th 2017 - 07:26 UTC

    Ecuadorean vice president stripped of his authority over corruption allegations

    Moreno said loyalty implies serving the country in unity, ”which has not been duly (carried out) by the vice president,” according to the decree.

    Ecuadorean President Lenin Moreno stripped his vice president of his authority Thursday over corruption allegations that emerged amid a battle for power within their ruling leftist coalition. In a signed decree, Moreno said he was withdrawing all the tasks that had been assigned to Vice President Jorge Glas since both took office in May, which included overseeing a production council and earthquake reconstruction.

  • Friday, August 4th 2017 - 07:08 UTC

    Venezuela diverting oil to Russia's Rosneft, ignoring contracts in the US

    Venezuela's oil output has declined since 2012 with the fall accelerating this year amid a lack of investment and payment delays to suppliers.

    Venezuela's state-run PDVSA has reduced crude sales to its U.S. refining unit Citgo Petroleum while increasing supply to Russia's Rosneft, following a plan signed in May to catch up on overdue deliveries, according to PDVSA documents, sources from the company and its joint ventures.

  • Friday, August 4th 2017 - 06:45 UTC

    Transcripts show Trump admonishing Peña Nieto for saying publicly Mexico will not pay for the border wall

    “You cannot say that to the press,” Trump told Peña Nieto, adding it was the “worst” conversation he had that day, according to a Jan 27 transcript<br />

    United States president Donald Trump urged the Mexican president to stop publicly saying he would not pay for a proposed border wall, according to transcripts. Mr. Trump admonished Enrique Peña Nieto for publicly denouncing the wall during a 27 January phone call, transcripts obtained by the Washington Post show.