Brazilian shareholders of state-controlled Petrobras are petitioning a Brazilian court to be paid on similar terms as those given to U.S. shareholders in a US$ 2.95 billion settlement, according to lawyers representing them.
Delta Air Lines was the last company to retire the Boeing 747 to replace it with smaller and more fuel efficient aircraft
A Peruvian football official accused of taking bribes has been cleared by a jury in the United States. Manuel Burga, who led football in Peru until 2014, was accused of taking cash in exchange for distributing marketing and media rights to matches. Two other South American football officials were convicted by the same jury on Friday.
US President Donald Trump signed Republicans’ massive US$1.5 trillion tax overhaul into law, cementing the biggest legislative victory of his first year in office, and also approved a short-term spending bill that averts a possible government shutdown. Trump said he wanted to sign the tax bill before leaving Washington for his Mar-a-Lago estate in Florida, rather than stage a more formal ceremony in January, so he could keep his promise to finish work before Christmas.
Venezuela’s foreign minister blamed the United States for his country’s spiraling debt crisis, saying Washington’s “permanent attack” had left the economy crippled. Jorge Arreaza lashed out at Donald Trump, US and European sanctions, and American interference in Venezuela’s internal affairs at the Venezuelan embassy in Beijing during a three-day official visit.
Former Colombian finance minister Jose Antonio Ocampo ended his bid to become World Bank president on Friday, leaving two candidates in an unprecedented challenge to US control of the global development institution.
United States stated that it maintains its “neutral position” over the Falklands/Malvinas Islands dispute between Argentina and UKand hopes for an agreed solution, an official source of the US government assured after the three day visit of British Prime Minister David Cameron which included several meetings at the White House
The US trade deficit shrank in February as imports fell more than exports, according to a government report that suggested a slowdown in global demand. The monthly trade gap totalled 45.8 billion US dollars, down from an upwardly revised estimate of 47 billion in January.
The growth outlook for major industrialized economies is improving with Germany and the United States leading the recovery, the OECD's leading indicator for February showed.
There are no representatives of the banking or financial services industry on the list of chairs and deputy chairs designated by the United States Federal Reserve Monday to serve on the boards of the 12 regional Fed banks for 2011.