Stories for April 2017

Tuesday, April 4th 2017 - 10:10 UTC
FIH independent directors still view Dolphin takeover approach as “unwelcome”

FIH Group PLC said on Monday it still views a potential takeover approach from Dolphin Fund Ltd as “unwelcome” and recommends an existing bid from Staunton Holdings Ltd.
Tuesday, April 4th 2017 - 09:55 UTC
Maduro gained his true objective: sweeping authority to cut oil deals on behalf of PDVSA

Venezuelan Supreme Court reversal decision to take over the opposition-led congress seems to have yielded to domestic and international pressure, but it still gives embattled populist President Nicolas Maduro broad new powers over the country´s vast oil wealth, which now appears to have been his true target.
Tuesday, April 4th 2017 - 09:50 UTC
Torrential rains and mudslides destroy “80% of Comodoro Rivadavia”

Comodoro Rivadavia, in Argentine Patagonia, also known as the “Oil capital” of the country is estimated to have experienced an “80% destruction” of the city, according to a first report from an Army engineers' battalion sent to set up bridges and repair highways. The city suffered a week of historic torrential rains (330mm) and strong winds with flooding, mudslides which swept away with bridges and tracts of roads and major highways.
Tuesday, April 4th 2017 - 07:56 UTC
Aerolineas Argentinas opens “Atlantic Corridor” linking Buenos Aires, Comodoro and Ushuaia

Aerolineas Argentinas inaugurated on Monday the “Atlantic Corridor” which will have daily flights between Buenos Aires, Mar del Plata, Bahía Blanca, Trelew, Comodoro Rivadavia and Ushuaia in Tierra del Fuego.
Tuesday, April 4th 2017 - 07:39 UTC
MPs question UK government's claim that a Brexit “no deal is better than a bad deal”

MPs have warned about the UK and the EU failing to reach a Brexit agreement, urging the government to work out how much “no deal” would cost. The Brexit committee said ministers' claim that “no deal is better than a bad deal” was “unsubstantiated” until an economic assessment was published. But the report divided the cross-party committee, with some members saying it was too pessimistic about Brexit.
Tuesday, April 4th 2017 - 07:32 UTC
Trump administration begins to cut UN funding: UNFPA first target

United States has withdrawn funding for the United Nations Population Fund (UNFPA), an agency that promotes family planning in more than 150 countries. The state department said the UNFPA “supports or participates in the management of a program of coercive abortion or involuntary sterilization”.
Tuesday, April 4th 2017 - 07:20 UTC
Spain surprised by tone of UK comments on Gibraltar; CM Picardo critical of EU Council president Tusk

Spain’s Foreign Minister Alfonso Dastis called on Tuesday for calm in the row over Gibraltar’s inclusion in the EU guidelines, adding that he was surprised by the reactions in Britain. He was speaking amid a media frenzy after the EU said in its guidelines that Spain must agree before any future trade deal between the UK and the EU can be extended to Gibraltar.
Tuesday, April 4th 2017 - 07:13 UTC
Paraguayan opposition conditions political dialogue to suspension of reelection amendment

Paraguay's conservative President Horacio Cartes reached out to his opponents Monday for talks after a bid to lift a ban on him seeking re-election sparked deadly riots. His opponents say the constitutional change would raise the risk of a return to dictatorship for a country that transitioned to democracy in 1989 after 35 years of military rule.
Monday, April 3rd 2017 - 13:52 UTC
Brazil rapidly becoming global supplier of light crudes

Brazil is poised to sharply increase oil exports this year as heavy investments spur new output and demand for its lighter crudes win more buyers, especially in China and India. Production is projected to rise 210,000 barrels per day (bpd) in 2017, second only in the size of additional supply to the United States among non-OPEC producers.
Monday, April 3rd 2017 - 13:39 UTC
Mexico planning to purchase Brazilian rice ahead of a clash with Trump over a Nafta review

A move announced recently by Mexican diplomats may be a precursor of what could be happening in the coming months with the trading of major commodities involving the country’s trade war talks with the U.S.