Stories for September 2015

Thursday, September 3rd 2015 - 10:29 UTC
Brazil's central bank leaves basic interest rate unchanged at 14.25%

Brazil's central bank halted one of the world's boldest rate-hiking cycles on Wednesday, taking pressure off an economy struggling with recession even amid concerns that a looming budget crisis could stoke inflation.
Thursday, September 3rd 2015 - 10:17 UTC
Colombia was one vote short in OAS to address the border crisis with Venezuela

Colombia on Monday was one vote short at the Organization of American States to summon a meeting of foreign ministers over the ongoing border crisis with Venezuela. Bogotá had requested the high-level meeting up as the country is seeking international support for an ongoing diplomatic crisis with its socialist neighbor.
Thursday, September 3rd 2015 - 09:15 UTC
China warns Delhi, “India should rethink its oil exploration plants”

The state-run China Daily has said that India's plans to conduct oil exploration off Vietnam coast in the South China Sea is “illegal and is an ”unwise move“ that may ”sabotage” positive momentum in ties.
Thursday, September 3rd 2015 - 08:30 UTC
Brazilian industrial production plummets in July: 8.9% from a year earlier

Brazil's industrial production plummeted in July and fell well below economists' worst predictions. Industry output sank 1.5% in July from June in seasonally adjusted terms and was down 8.9% from a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE, said Wednesday. The IBGE also revised June's drop to 0.9% from 0.3% from the previous month.
Thursday, September 3rd 2015 - 08:05 UTC
China shows its military might and recalls it was decisive in defeating Japan in WW2

China has held a lavish parade in Beijing to mark the defeat of Japan in World War Two, showcasing its military might on an unprecedented scale. President Xi Jinping in his opening speech paid tribute to “the Chinese people who unwaveringly fought hard and defeated aggression” from Japan.
Thursday, September 3rd 2015 - 07:44 UTC
Argentina's central bank and foreign private banks clash over removal of HSBC directors

Argentina's Central Bank and the Argentine Banking Association (ABA) exchanged fierce criticism on Wednesday after the decision of the monetary authority to remove the licenses of two senior HSBC directors, who will be forced to leave their posts.
Thursday, September 3rd 2015 - 07:38 UTC
Guatemala Attorney General confident president Perez will be convicted for corruption

Guatemala's attorney general said on Wednesday she is confident embattled President Otto Perez will be convicted of corruption, as the country's top court rejected his challenge to prosecutors' moves to try him.
Thursday, September 3rd 2015 - 07:21 UTC
Rousseff pledges to reduce budget deficit; denies Levy was stepping down

President Dilma Rousseff vowed on Wednesday to take new measures to reduce the deficit her administration is projecting for 2016, without ruling out more spending cuts and additional taxes in Brazil. The 2016 budget unveiled on Monday projected Brazil’s first-ever primary fiscal deficit, before payment of interest on the national debt, sparking controversy.
Thursday, September 3rd 2015 - 07:13 UTC
Brazilian VP calls on business community for a 'national alliance'

President Michel Temer asked business owners and executives for a “national alliance” to deal with Brazil's political crisis and shaky economic situation. Temer is leader of the centrist PMDB, the main governing partner of Rousseff's center-left Workers Party, PT.
Thursday, September 3rd 2015 - 07:02 UTC
Top official highlights UK/Chile knowledge and research exchange initiatives

A top British official highlighted UK-Chile knowledge exchange initiatives by recognizing the Chevening Scholarships scheme along with the science, innovation and educational achievements established through the Newton-Picarte Fund.