MercoPress. South Atlantic News Agency
Stories for May 17th 2016
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Tuesday, May 17th 2016 - 11:00 UTC
Brazil's economy contracts for fifteenth consecutive month
Brazil's economic activity contracted by 1.44% in the first quarter relative to October-December 2015 and 6.27% compared to the same three-month period of 2015, the Central Bank said Friday. The figures come from the Central Bank's Index of Economic Activity, or IBC-Br, an indicator used as a preview of the gross domestic product (GDP) number.
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Tuesday, May 17th 2016 - 10:50 UTC
Temer meets Brazilian unions to draft a blueprint for pension system reform
Brazilian interim President Michel Temer agreed with union leaders on Monday to draft a blueprint for overhauling the creaking pension system within a month, as he seeks to restore confidence in Latin America's largest economy. Temer has vowed to plug a fiscal gap equivalent to more than 11% of GDP last year.
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Tuesday, May 17th 2016 - 07:25 UTC
Temer names a woman to head Brazil's giant development bank, BNDES
Brazil’s interim President Michel Temer will replace the head of the government’s giant development bank with a female economist, following heavy criticism over his appointment of an all-male white cabinet.
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Tuesday, May 17th 2016 - 07:16 UTC
Cameron stands by his criticism of Trump: “stupid, divisive and wrong”
Downing Street has said that Prime Minister David Cameron stands by his criticism of Donald Trump but will work with whoever is elected US president. UK PM has called the Republican hopeful “stupid, divisive and wrong” over his call for a temporary ban on Muslims entering the US.
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Tuesday, May 17th 2016 - 06:23 UTC
Falklands hopeful of improved relations with Argentina, Gilbert House tells BIMR conference
Falkland Islands remains hopeful of improved relations with the new administration of Argentina and cooperation in the many areas of mutual interest such as fisheries and connectivity, but sovereignty of the Falklands is not for negotiation, reads the Gilbert House report to the 46th British Isles and Mediterranean Region Conference, which opened on Sunday in Jersey.
