Stories for September 2015

Wednesday, September 2nd 2015 - 00:00 UTC
Obama wants to speed purchase of icebreakers for the Arctic and Russian challenge

President Barack Obama on Tuesday is proposing a faster timetable for buying a new heavy icebreaker for the U.S. Arctic, where quickly melting sea ice has spurred more maritime traffic, and the United States has fallen far behind Russian resources.
Tuesday, September 1st 2015 - 23:52 UTC
Mexico announces postponement of deep-water oil exploration auction

Mexico, which has started to open its nationalized oil industry to additional private investment, will postpone auctions for deep-water oil exploration and production contracts and adjust the terms of upcoming tenders after an inaugural oil auction failed to meet the government's modest expectations.
Tuesday, September 1st 2015 - 23:23 UTC
Francis allows priests to forgive the sin of abortion during the Holy Year

In a new set of pastoral guidelines for the upcoming Holy Year of Mercy Pope Francis has made some significant moves, allowing all priests to forgive the sin of abortion and granting SSPX priests the faculty to forgive sins.
Tuesday, September 1st 2015 - 07:08 UTC
Brazil Central bank survey says economy will shrink 2.26% this year and 0.40% next year

Analysts expect Brazil's economy to contract by 2.26% this year, reflecting greater pessimism in the wake of the release of figures last week showing that the country is in a recession, the Central Bank said Monday.
Tuesday, September 1st 2015 - 06:59 UTC
US Appeals Court backs Argentina: sovereign immunity for Central bank funds

A US appeals court supported Argentina's appeal Monday against an earlier ruling that could have permitted a group of creditors to seize assets of Argentina's central bank.
Tuesday, September 1st 2015 - 06:48 UTC
Moody's cuts 2016 global economic forecast; no commodities rebound in near future

Credit rating firm Moody’s cut its 2016 global economic growth forecasts, with China and United States both trimmed and Russia and Brazil seen staying in recession.
Tuesday, September 1st 2015 - 06:36 UTC
Brazil presents 2016 budget and Real drops to a 12-year low against the dollar

Brazil's government presented a 2016 budget Monday that for the first time projects the world's seventh largest economy operating in the red, sparking worries that the country's investment grade rating will be put at risk.
Tuesday, September 1st 2015 - 06:26 UTC
Rolls Royce cooperating with Petrobras corruption investigators

Britain's Rolls-Royce is cooperating with investigators in a massive corruption scandal at Brazilian state oil giant Petrobras, a spokesman said. The engineering company confirmed it had been contacted by investigators involved in the probe, which has engulfed Brazil's political and business establishment amid allegations of a massive kickbacks scheme.
Tuesday, September 1st 2015 - 06:17 UTC
Guatemalan president holds on: congress to vote this week on his removal

Guatemalan President Otto Perez said on Monday he is calm and confident he has done nothing wrong, as lawmakers debated stripping his immunity and forcing him to face prosecution on corruption charges.
Tuesday, September 1st 2015 - 06:12 UTC
China's factory activity contracts at its fastest in three years in August

China's factory activity contracted at its fastest pace in three years in August, confirming fears that the country's growth is continuing to slow. The official manufacturing purchasing managers' index (PMI) dropped to 49.7 from 50 in July.