Stories for August 30th 2018

Thursday, August 30th 2018 - 09:11 UTC
Macri addresses the nation; IMF pledges more support but Peso falls 7%, a record 34 to the US dollar

Argentina's Peso suffered its biggest one-day slide in almost three years on Wednesday after the central bank sold reserves for a second straight day and the president asked the International Monetary Fund for early release of standby funds.
Thursday, August 30th 2018 - 09:11 UTC
Emergency in Brazil: 700/800 Venezuelans cross the border daily, claims Temer

The Brazilian government may restrict entrance of Venezuelans at the border in the remote northwestern state of Roraima, President Michel Temer said on Wednesday, after a flood of migrants has strained local services and sparked violence with residents.
Thursday, August 30th 2018 - 09:10 UTC
U.S. economy in the second quarter expanded at an annualized 4.2%

The United States economic growth was stronger than initially thought in the second quarter, notching its best performance in nearly four years and putting the economy on track to hit the Trump administration’s goal of 3% annual growth.
Thursday, August 30th 2018 - 09:10 UTC
Argentina aims to double shale gas production in five years

Argentina re-launched a one-year-old agreement between the government, companies and workers to drive competition and spur development in the Vaca Muerta shale play, the government said in a statement.
Thursday, August 30th 2018 - 09:00 UTC
EU and UK adopt a milder approach in an attempt to avoid a “Brexit no deal”

The EU must back Theresa May's Brexit plan or risk the UK leaving without a deal, the most senior member of the UK PM's cabinet has said. Cabinet Office Minister David Lidington said the European Commission's proposals remained unacceptable and he appealed for compromise from the EU side in Brexit talks.
Thursday, August 30th 2018 - 08:55 UTC
LATAM plans to replace 1.200 airport based employees in Brazil

Chilean airline LATAM has plans to lay off some 1,200 airport-based employees in Brazil and replace them with workers from a services company in an apparent cost-cutting measure, according to a report in O Estado de S. Paulo on Wednesday. LATAM confirmed there would be redundancies but would not give an exact number.
Thursday, August 30th 2018 - 08:46 UTC
Falklands' tender process for construction of vulnerable person' care facility

The Falkland Islands Executive Council has selected Galliford Try as the preferred company for the construction of the new Vulnerable Person’s Extra Care Facility in Stanley. The decision follows a detailed scrutiny of the bids received by Members of the Legislative Assembly and Government officers, who subsequently submitted recommendations to the Executive Council.
Thursday, August 30th 2018 - 08:29 UTC
Migrants returning to Venezuela following Maduro's promise of jobs

A group of Venezuelan migrants has returned home from Peru at the expense of Nicolas Maduro's government. Facing an exodus from Venezuela, Maduro had proclaimed his countrymen “won't be slaves to anyone in the world.”
Thursday, August 30th 2018 - 08:23 UTC
Canada and US expected to reach a new NAFTA deal by Friday deadline

The leaders of the United States and Canada expressed optimism on Wednesday that they could reach new NAFTA deal by a Friday deadline as negotiators prepared to talk through the night, although Canada warned that a number of tricky issues remained.
Thursday, August 30th 2018 - 07:24 UTC
Falklands approves application to register a new build trawler

The Falkland Islands Executive Council on Wednesday granted the application by Jupiter Fishing Company to register a new build fishing trawler. The agreed name of the new vessel is Argos Cies, which reflects the 50:50 partnership in Jupiter between Argos Group Ltd of Stanley, Falkland Islands and Armadora Pereira SA of Vigo, Spain.