MercoPress. South Atlantic News Agency
Stories for September 23rd 2016
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Friday, September 23rd 2016 - 11:16 UTC
Petrobras cuts 5-year budget by 25% and will focus on core oil and gas business
Brazil’s Petrobras announced it will be spending US$74.1 billion over the next five years, 25% reduction on the US$98.4 billion for the previous five years capital expenditure. This is also the company’s lowest five-year budget since 2006.
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Friday, September 23rd 2016 - 11:10 UTC
Heavy fire from Obama, if blacks don't turn out to vote, “I will consider it an insult to my legacy”
President Barack Obama, in one of his final presidential addresses to a predominately black audience of Capitol Hill lawmakers and guests, made a plea to his Democratic base: African-Americans must vote en masse in November's presidential contest to help his legacy or he will be personally insulted.
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Friday, September 23rd 2016 - 10:55 UTC
An Argentine family to remain above the poverty line needs US$ 820 a month
An Argentine average household made up of a couple with two children 6 and 8 years old needs 12.489 Pesos (approx US$ 820) to remain above the poverty line according to the stats office, Indec estimate for the month of August. The same household will have to pay 5.176 Pesos (approx US$ 340) for the Basic food basket, not to drop to indigence.
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Friday, September 23rd 2016 - 09:32 UTC
Argentina's economy further contracts in 2Q; government insists recovery is round the corner
Argentina’s recession deepened in the second quarter as President Mauricio Macri’s efforts to implement free-market reform exacerbated an already flagging economy. GDP fell 3.4% from the same period a year earlier, the largest year-on-year contraction in almost two years, the refurbished statistics agency said in a report published on Thursday.
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Friday, September 23rd 2016 - 09:28 UTC
Brazilian lawmakers in late night vote fail “to neutralize” Petrobras investigation
President Michel Temer criticized a surprise move by Brazilian lawmakers, including some members of his party and even a cabinet minister, to wipe the slate clean on illegal donations they allegedly received.
