The World Bank forecasts global economic growth to edge up to 3.1% in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing, and trade continues, and as commodity-exporting developing economies benefit from firming commodity prices.
Argentina’s central bank cut its policy rate to 28% from 28.75%, two weeks after relaxing its 2018 inflation target, the bank said on Tuesday. The bank’s first rate cut in 14 months came after a December 28 news conference announcing an official inflation target for this year of 15%, up from the bank’s previous target range of 8% to 12%.
Legendary French actress Catherine Deneuve is among 100 women who signed an editorial Tuesday in French daily Le Monde, criticizing the current #MeToo movement for restricting sexual freedom.
According to the journalist specialized in technology Edgar Rincon, the solution devised by the Venezuelan government to evade the “strong and cruel sanctions of the international community to Venezuela”, the Petro, is not a cryptocurrency because “within the guidelines of the cryptocurrency guide does not fit. ”
The RRS Discovery arrived on Tuesday in Chile's extreme south port of Punta Arenas in advance of her next research expedition, to undertake seismic survey and piston coring operations in the eastern Falkland Plateau region of the Sub-Antarctic Southwest Atlantic Ocean.
For the sixth time Exxon and partners at the Stabroek block offshore Guyana are celebrating another major find in northern South American waters. In effect, Ranger-1 exploration well, the sixth find since discovering Liza in 2015, hit approximately 70m of high-quality, oil-bearing carbonate reservoirs some 60mi northwest of the Liza development.
Brazilian stocks edged higher to mark a record close on Monday, underpinned by optimism over the nation's fiscal outlook as well as a strong flow of international investment. The benchmark Bovespa stock index continued its climb following a seven-day string of gains.
Where was the best New Year party in the World? At Times Square New York in below zero temperature or on a sunny summer beach day in Rio De Janeiro with 2.4 million happy tourists and locals going wild. On Sunday, December 31st, 2.4 million people gathered on Copacabana’s beach to welcome 2018. According to Riotur, this is the largest audience ever registered in Copacabana’s New Year’s Eve celebration, considered one of the best in the world.
Siemens Gamesa Renewable Energy SA is in final negotiations to supply about 700 megawatts of wind turbines for power plants in Brazil. The deal are to supply equipment for projects that Voltalia SA, EDP Renovaveis SA, Enel Green Power SpA, and Neoenergia SA are developing in northeast Brazil. The orders are all for wind farms that won government-organized power auctions in December.
Brazilian police have requested that President Michel Temer answers 50 questions as part of an investigation into alleged corruption involving a decree regulating the country's ports, a government spokesman said.