Stories for September 20th 2017

Wednesday, September 20th 2017 - 22:26 UTC
Petrobras recovers significant investment risk and trims debt burden

Petrobras raised US$2 billion from the sale of seven- and 10-year securities, replacing more expensive shorter-dated bonds as it seeks to trim a debt burden that is the largest among major oil firms. Petrobras sold US$1 billion each worth of senior unsecured bonds due in 2025 and 2028, respectively. Market experts said Petrobras sold the January 2025 bond at a yield of 5.3%, and the January 2028 bond at 6%.
Wednesday, September 20th 2017 - 22:12 UTC
US current account deficit climbing, but so is net capital inflows

US current account deficit, which is the broadest measure of US trade, rose to US$123.1bn in the second quarter - its highest level since 2008. The rising gap was driven by a US$5.2bn fall in income receipts from foreigners, particularly in government fines and penalties.
Wednesday, September 20th 2017 - 22:01 UTC
The world is running out of antibiotics, WHO report confirms

A report – Antibacterial agents in clinical development – an analysis of the antibacterial clinical development pipeline, including Mycobacterium tuberculosis – launched on Tuesday by the World Health Organization (WHO) shows a serious lack of new antibiotics under development to combat the growing threat of antimicrobial resistance.
Wednesday, September 20th 2017 - 21:58 UTC
New record for president Temer: 3,4% believe he is doing a great job, according to latest opinion poll

Approval for Brazilian President Michel Temer's government has plummeted, according to a poll published on Tuesday, as the scandal-plagued leader faces new corruption charges and struggles to push his economic reform agenda through Congress.
Wednesday, September 20th 2017 - 19:16 UTC
Maria Eugenia Vidal leads campaign in Buenos Aires province against Cristina Fernandez

Argentine President Mauricio Macri's has picked Buenos Aires province governor Maria Eugenia Vidal to lead the campaign against a comeback by populist ex president Cristina Fernandez in October's legislative elections.
Wednesday, September 20th 2017 - 18:32 UTC
Argentina 2018 budget bill forecasts growth of 3.5% and 15.7% inflation

Argentina’s 2018 budget bill forecasts economic growth of 3.5% next year and average annual inflation of 15.7%, Treasury Minister Nicolas Dujovne told Congress. The bill proposes a 2018 primary fiscal deficit of 3.2% of gross domestic product (GDP) as previously announced.
Wednesday, September 20th 2017 - 08:12 UTC
Offshore oil exploration takes off in Argentina at the Malvinas Basin

Searcher Seismic has made its entry into Argentina with four new multi-client projects. Beginning in phases, the first phase comprises of an offshore basin analysis report providing a regional framework to understand the offshore basins of Argentina, assisting industry’s exploration efforts.
Wednesday, September 20th 2017 - 08:07 UTC
Temer: “We need more diplomacy, we need the UN more than before”

The President of Brazil, the first Head of State traditionally to address the annual United Nations General Assembly’s general debate, pledged on Tuesday that his country will sign the Treaty on the Prohibition of Nuclear Weapons – reiterating that the nuclear powers undertake additional disarmament.
Wednesday, September 20th 2017 - 08:00 UTC
Brazil's new top prosecutor reshuffles corruption investigation team: Mensalao “veterans” take over

Brazil's new top federal prosecutor on Tuesday reshuffled the team of investigators in charge of pursuing the biggest corruption probe yet conducted in Latin America's largest nation.
Wednesday, September 20th 2017 - 07:47 UTC
Trump threatens “rocket man” with total destruction; warnings to Iran, Syria, Cuba and Venezuela

U.S. President Donald Trump said on Tuesday that the United States will be forced to “totally destroy” North Korea unless Pyongyang backs down from its nuclear challenge, mocking North Korean leader Kim Jong Un as a “rocket man” on a suicide mission.