Stories for May 27th 2014

Tuesday, May 27th 2014 - 11:01 UTC
Brazil considering proposals to open operatorship of pre-salt projects

Brazil's government is considering proposals to open operatorship of its pre-salt projects to companies other than state-run Petrobras and this change might be made, Mayer Brown partner Alexandre R. Chequer told the law's firm's annual energy conference in Houston last week.
Tuesday, May 27th 2014 - 09:49 UTC
Brazil central bank at a cross road: fosters growth or combats inflation

Analysts forecast Brazil's central bank will leave its benchmark interest rate unchanged at 11% this week, with the world's seventh-largest economy caught between rising inflation and sluggish growth. But given the persistence of inflation it should not come as a surprise if the monetary policy committee raises Selic to 11.25% after its two-day meeting this week.
Tuesday, May 27th 2014 - 09:41 UTC
Ireland's Labor to renew leadership after Sunday's shock; coalition imperiled

Irish deputy prime minister Eamon Gilmore said on Monday he will quit as leader of the junior government Labor party, in a move that could destabilize the coalition and its austerity program following a major election setback.
Tuesday, May 27th 2014 - 09:33 UTC
IMF Lagarde calls on central banks to cooperate on policy moves

As the United States Federal Reserve debates the timing of its first interest rate hike since 2006, International Monetary Fund (IMF) Managing Director Christine Lagarde is urging central banks to cooperate on policy moves.
Tuesday, May 27th 2014 - 09:24 UTC
European parliament election knocks out Spain's Socialist leader

Spain’s Socialist opposition leader Alfredo Perez Rubalcaba has stepped down after his party suffered its worst election result on Sunday's ballot for the European Parliament. Socialists lost nine European parliament seats, while the the ruling conservative People’s Party lost eight.
Tuesday, May 27th 2014 - 09:14 UTC
Brazilian protests extend to the national team as it left Rio airport

Brazil's World Cup squad were forced to avoid a group of 200 striking teachers on Monday as they headed for their tournament base camp against a backdrop of public anger over the cost of staging the event.
Tuesday, May 27th 2014 - 08:48 UTC
UK physics professor fired from US university for conviction in Argentina on drugs

University of North Carolina-Chapel Hill has fired the 70-year-old physics professor who was arrested in 2012 after flying to Argentina to meet the woman who he thought was a former Miss Bikini World and instead was arrested by drug agents after getting entangled in a scheme to smuggle two kilos of cocaine.
Tuesday, May 27th 2014 - 08:42 UTC
Argentina promises no gas shortage this winter, but industry has already suffered the first cuts

Argentina's Planning minister Julio De Vido guaranteed publicly on Monday that there will be no gas cuts next winter (21 June), while Energy Secretary Daniel Cameron described the “situation as the best in the last four years”.
Tuesday, May 27th 2014 - 08:34 UTC
Argentina in another negotiating round with the Paris Club of creditors

Argentina's Economy Minister Axel Kicillof has assured that progress has been made with creditors in the Paris Club as the politician left Monday evening for France in preparation for talks with the financial institution over restructuring Argentina's debt, estimated in 9.5bn dollars.
Tuesday, May 27th 2014 - 08:23 UTC
Malvinas and Bolivia's ocean outlet, the 'two open wounds' of Latin America

Latin America has two open wounds, the Malvinas Islands and Bolivia's sovereign outlet to the Pacific, said Bolivian vice-president Alvaro Garcia Linera in Mendoza, Argentina where he was awarded an 'Honoris Causa” for his commitment to regional integration and inclusion.