Stories for September 25th 2018

Tuesday, September 25th 2018 - 21:35 UTC
Who is Guido Sandleris, Argentina's Central Bank president after the surprise resignation of Caputo

The resignation of Luis Caputo to the Presidency of the Central Bank of Argentina (BCRA), which has been reflected with surprise by the international media, occurs amid the trip of the Argentine President, Mauricio Macri, to New York to attend the Assembly General of the UN and with the mission of restoring the confidence of the international market in the Argentine economy. His predecessor, Guido Sandleris, receives a Central Bank when it is about to close an agreement with the International Monetary Fund (IMF).
Tuesday, September 25th 2018 - 19:04 UTC
Argentine Central bank governor resigns for personal reasons: Peso slides 5% against the US dollar

The governor of Argentina's central bank, Luis Caputo resigned on Tuesday for personal reasons, the bank said in a statement, a surprise announcement in the midst of the country's talks with the IMF that sent the peso tumbling. Former finance minister Caputo has only held the role since June and is the second Argentine central bank president to resign this year. Argentina's peso currency slid 4.65% to open at 39.15 per U.S. dollar after the announcement, traders said.
Tuesday, September 25th 2018 - 08:37 UTC
Argentina plans offshore licensing round in the South Atlantic next October

Argentina plans to launch a delayed offshore licensing round in October as it seeks to explore a large frontier region in the South Atlantic for potential oil and natural gas production growth in the future. This was announced to oil executives in Houston by Argentina's energy secretary Javier Iguacel.
Tuesday, September 25th 2018 - 08:24 UTC
Green mosses of East Antarctica are succumbing to climate change, says scientific paper

Emerging from the ice for a brief growing season every Antarctic summer, the lush green mosses of East Antarctica are finally succumbing to climate change. That is according to a study of the small, ancient and hardy plants - carried out over more than a decade.
Tuesday, September 25th 2018 - 07:45 UTC
Oil market turbulence ahead of US sanctions on Iran; OPEC meeting does not plan to increase output

Brent crude breached US$ 81 a barrel on Monday — its highest level in nearly four years — on the back of a tightening oil market and OPEC leaders signaling they won't be immediately boosting output. Global benchmark Brent crude rose as high as US$ 81.39 a barrel, its strongest level since Nov. 21, 2014.
Tuesday, September 25th 2018 - 07:31 UTC
Brazil:Haddad closer to Bolsonaro and would beat him in the runoff, according to latest polls

Fernando Haddad, the presidential candidate for Brazil’s Workers Party (PT), is closing the gap with poll-leading far-right candidate Jair Bolsonaro for the October 7 first-round vote and would beat him in a runoff, a survey released on Monday showed.
Tuesday, September 25th 2018 - 06:59 UTC
“Zero chance” Argentina will default on its debt next year, Macri tells bankers and investors

President Mauricio Macri said on Monday that Argentina was close to a deal with the International Monetary Fund to bolster a US$ 50 billion credit line, while a government source said US$ 3-US$ 5 billion in additional funds could be announced this week.
Tuesday, September 25th 2018 - 06:51 UTC
Macri announced in New York that he will run for reelection next year

Argentine president Mauricio Macri said on Tuesday in New York addressing a meeting with potential investors that he was prepared to run for reelection next year, and that there will be no change of course, “there is no plan B”.