Stories for August 2017

Wednesday, August 30th 2017 - 07:28 UTC
Mexico tells “twitter” Trump it will not renegotiate NAFTA via social media

Mexico will not renegotiate the North American Free Trade Agreement or any other aspect of its relationship with the United States via social media or the press, the Mexican government declared Sunday.
Wednesday, August 30th 2017 - 07:20 UTC
Scotland's Labour leader resigns saying it was time “to pass on the baton”

Kezia Dugdale has resigned as the leader of the Scottish Labor, claiming it was time to “pass on the baton”. Ms Dugdale insisted she had not been forced to relinquish the role, despite claims supporters of Jeremy Corbyn wanted her out.
Wednesday, August 30th 2017 - 07:14 UTC
Theresa May in Japan for a round of trade, Brexit outcome and defense talks

British Prime Minister Theresa May is in Japan for a round of trade and security talks. During her stay, the Mrs. May will hope to further along progress over an “ambitious” trade deal with Japan ready for when Britain quits the European Union.
Wednesday, August 30th 2017 - 06:49 UTC
None of UK papers on Brexit process are satisfactory, says EC president Juncker

European Commission president Jean-Claude Juncker has delivered a fresh rebuke to Theresa May over her Government’s handling of the Brexit process. He said official papers setting out the UK Government’s positions were not satisfactory and it was “crystal clear” that an “enormous amount” of issues needed to be settled before talks on a future trade deal could begin
Tuesday, August 29th 2017 - 19:19 UTC
UK and German commerce chambers call on Brexit negotiators to concentrate on “business issues”

Shared economic interests must be a priority in the Brexit negotiations, UK and German trade bodies have urged. The British Chambers of Commerce (BCC) and the Association of German Chambers of Commerce (DIHK) said uncertainty over “business critical” issues such as workers' rights, tax and customs arrangements needed to be tackled.
Tuesday, August 29th 2017 - 19:08 UTC
Norway's Statoil joins YPF to explore for hydrocarbons in Vaca Muerta shale

Norway's Statoil, STO and YPF announced an agreement to explore hydrocarbons in the Vaca Muerta shale. Under the terms of the agreement, Statoil will enter the Bajo del Toro license block with a 50% interest. YPF will retain a 50% share and will remain the operator.
Tuesday, August 29th 2017 - 11:36 UTC
Premier Oil expects 2017 production in the range of 75.000/80.000 boepd

Premier Oil has lifted its full-year production guidance as well as estimated resources at a huge oilfield it discovered off the coast of Mexico. Premier Oil, the operations of which stretch from Indonesia to the Falkland Islands, now expects 2017 production in the range of 75,000-80,000 barrels of oil equivalent per day (boepd), up from the previous forecast of 75,000 boepd, thanks to its strongly performing North Sea fields.
Tuesday, August 29th 2017 - 11:30 UTC
Brazil limits discretionary subsidies through government banks lending

Brazil’s lower house of Congress approved the main text of a bill creating a market-based benchmark interest rate for state lender BNDES, in a victory for President Michel Temer. The lower house will now have to analyze three potential amendments to the bill early on Tuesday before sending the measure to a final Senate vote, speaker Rodrigo Maia told reporters.
Tuesday, August 29th 2017 - 11:21 UTC
Popular painkiller Ibuprofen raises risk of cardiac arrest, according to Danish researchers

Taking ibuprofen to ease a headache may seem like no big deal, but Danish researchers caution against overdoing it. A study in the European Heart Journal suggests that ibuprofen, one of the most popular painkillers, raises a person's risk of cardiac arrest by 31%.
Tuesday, August 29th 2017 - 11:03 UTC
Go ahead to build two dams in Patagonia's Santa Cruz, financed by China

Argentina’s government approved the construction of two hydroelectric dams in the southern Patagonia region province of Santa Cruz, after holding public hearings as required by the Supreme Court, according to a notice in the Official Gazette on Monday.