Stories for September 2018

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.
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.
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.
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.
Tuesday, September 18th 2018 - 08:58 UTC
Trump escalates the trade war with China imposing 10% tariffs on US$ 200bn imports

United States president Donald Trump escalated his trade war with Beijing, imposing 10% tariffs on about US$ 200 billion worth of imports in a move one senior Chinese regulator said “poisoned” the atmosphere for negotiations.
Tuesday, September 18th 2018 - 08:51 UTC
IMF's Lagarde: A no-deal Brexit would entail substantial costs for the UK economy

The International Monetary Fund has warned that a “no-deal” Brexit on World Trade Organization terms would entail “substantial costs” for the UK economy. IMF said that all likely Brexit scenarios would “entail costs”, but a disorderly departure could lead to “a significantly worse outcome”.
Tuesday, September 18th 2018 - 08:44 UTC
Maduro's Turkish stake delight, shocks and infuriates hungry Venezuela

Venezuelan President Nicolas Maduro dined on expensive steak at a “Salt Bae” restaurant in Istanbul during a stop-off returning from a visit to China, drawing furor back home where millions struggle to get enough to eat and red meat is a rare luxury.
Tuesday, September 18th 2018 - 08:38 UTC
Growing demand for a second referendum on Brexit, but time is running out

Calls for a second referendum on Brexit are mounting as Britain approaches the last six months before leaving the EU - but the sands of time could be running out for diehard Remainers. London Mayor Sadiq Khan became the latest big name to call for a vote, joining former prime ministers Tony Blair and John Major and celebrities like football star Gary Lineker.
Tuesday, September 18th 2018 - 08:30 UTC
Scallop war over: French and UK fishermen reach an agreement

French and British fishermen agreed Monday to end their battle over access to scallop-rich waters in the English Channel, three weeks after the long-simmering conflict flared into a high-seas confrontation. The new deal is hoped to bring to a close the years-long “Scallop Wars” over fishing the prized mollusks in the fertile waters off the Baie de Seine area of Normandy in northwest France.
Tuesday, September 18th 2018 - 08:24 UTC
Judge indicts ex president Cristina Fernandez and asks for her arrest

An Argentine federal judge indicted former President Cristina Fernandez on Monday and asked for her arrest for allegedly heading a corruption scheme that collected bribes from business leaders in exchange for public work contracts.