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Montevideo, April 18th 2024 - 19:26 UTC

Stories for May 2nd 2018

  • Wednesday, May 2nd 2018 - 20:45 UTC

    Fed leaves rates unchanged, confirms inflation near 2% target; hike expected at June meeting

    Jerome H. Powell chaired the Federal Open Market Committee, which voted unanimously the policy action. Next meeting in June 12/13

    The Federal Reserve on Wednesday left its benchmark interest rate unchanged, confirmed that inflation is near its 2% target, and strangely enough did not mention a word about the looming international trade confrontation. The central bank after a two-day meeting said inflation over the next 12 months should “run near” the 2% target, updating its language from March that indicated inflation would “move up” towards that level.

  • Wednesday, May 2nd 2018 - 08:36 UTC

    No peace for PM May: Brexiteer MPs deliver an ultimatum on customs union

    Allegedly chancellor Philip Hammond favors a customs partnership whereby UK n collects the EU's tariffs on goods coming from other countries on the EU's behalf

    Senior Brexiteer MPs have delivered an “ultimatum” demanding Prime Minister Theresa May drops one of the government's preferred post-Brexit customs options. A 30-page document passed to the BBC says a “customs partnership” would make meaningful trade deals “impossible” and render the International Trade Department “obsolete”.

  • Wednesday, May 2nd 2018 - 08:31 UTC

    Petrobras increases offshore production: plans an extra million bpd output next year

    The seven new platforms would allow Petrobras, whose output has declined this year, to add up to 500,000 barrels per day of new oil production next year

    Brazil’s state-controlled Petrobras expects oil production to start by the end of June at its Tartaruga Verde e Mestica offshore platform, the second of seven facilities planned to be installed this year, a company executive said on Monday.

  • Wednesday, May 2nd 2018 - 08:25 UTC

    UK agrees on new measures to increase transparency in offshore havens

    Campaigners say public registers make it easier to uncover corruption, money laundering and tax dodging. The move was backed by both Labour and Tory MPs.

    The British government has agreed to calls for new measures aimed at increasing transparency in offshore tax havens. Facing a possible Commons defeat, ministers said they would not oppose an amendment to force British overseas territories to publish details of the true owners of companies based there.

  • Wednesday, May 2nd 2018 - 08:18 UTC

    Trump's 2015 “Super” health report was dictated by the president, claims doctor

    Mr Bornstein also said that government officials had carried out a “raid” on his offices in February 2017, removing all of Mr. Trump's medical records

    Donald Trump's former doctor has said he did not write a 2015 letter declaring the then-Republican presidential candidate's “astonishingly excellent” health, US media report. “[Trump] dictated that whole letter,” Harold Bornstein told CNN on Tuesday.

  • Wednesday, May 2nd 2018 - 08:13 UTC

    UK-US launch Antarctica research program to predict sea-level rise

    The mission will deploy teams of researchers, using a suite of technologies to investigate changes on the ice and in the ocean.

    A new UK-U.S. Antarctic research program to improve the prediction of future sea-level rise was launched on Monday at British Antarctic Survey (BAS), Cambridge. The £20 million 5-year research collaboration, funded jointly by the UK Natural Environment Research Council (NERC) and the U.S. National Science Foundation (NSF), brings together over 100 polar scientists from leading UK and U.S. research organizations.

  • Wednesday, May 2nd 2018 - 08:08 UTC

    Towering inferno in Sao Paulo: 24-storey building collapses after huge blaze

    Firefighters work to extinguish the fire in a 24-storey building used by squatters that later collapsed in Sao Paulo, Brazil, the largest city in Latin America

    A 24-storey building used by squatters in the center of Sao Paulo, Brazil's biggest city, collapsed early Tuesday after a blaze that tore through the structure, leaving at least three missing. Survivors described waking in the night to find themselves surrounded by flames and escaping with their children before the tower turned to rubble.