MercoPress. South Atlantic News Agency
Stories for September 19th 2018
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Wednesday, September 19th 2018 - 08:41 UTC
Card issuers have to pay US$ 6.2bn to settle class action lawsuit by US retailers
Visa Inc, Mastercard Inc, and a number of U.S. banks on Tuesday agreed to pay US$ 6.2 billion to settle a long-running lawsuit brought by merchants over the fees they pay when they accept card payments.
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Wednesday, September 19th 2018 - 08:37 UTC
Brazilian customs impound US$ 16 million from son of African dictator
The tiny West African state of Equatorial Guinea on Tuesday demanded Brazil hand back more than US$ 16m in cash and luxury watches that border officials confiscated from a delegation accompanying the president's son. Foreign Minister Simeon Oyono Esono Angue denounced the seizure as “paltry and unfriendly behavior” and demanded the items be returned, state television TVGE said.
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Wednesday, September 19th 2018 - 08:28 UTC
Brazilian economy recovering at snail pace: 1.19% in seven months of 2018
Brazil's economy grew 0.57% in July from June, Brazil's Central Bank said citing the Economic Activity Index (IBC-Br). The data shows a second consecutive month of GDP growth in South America's largest economy.
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Wednesday, September 19th 2018 - 08:18 UTC
Brazilian Bovespa market index up 1.75%; Real suffers a slight depreciation
Brazil's benchmark Bovespa index rose 1.75% on Tuesday, rallying for a second straight day largely on a spike in commodities prices. Two of the Bovespa's most heavily weighted equities, miner Vale and oil giant Petrobras benefited from rising commodity prices worldwide amid escalating China-U.S. trade tensions and signals OPEC is not prepared to raise output to address shrinking supplies from Iran.
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Wednesday, September 19th 2018 - 08:11 UTC
China agreed to invest US$ 5bn in Venezuelan oil, alleges Maduro
Venezuelan President Nicolas Maduro said on Tuesday that new investments from China will help his country dramatically boost its oil production, doubling down on financing from the Asian nation to turn around its crashing economy.
