Stories for September 2018

Wednesday, September 12th 2018 - 08:49 UTC
Mark Carney will steer BoE during the Brexit process; parliament and financial markets approval

Bank of England Governor Mark Carney will stay at the central bank an extra seven months until the end of January 2020 to help smooth Britain's departure from the European Union next year, finance minister Philip Hammond told parliament on Tuesday.
Wednesday, September 12th 2018 - 08:45 UTC
Brexit fears: UK oil and gas industry concerned about contracting skilled workers

Oil and gas platforms could have to be shut down if a deal on Brexit leads to difficulties accessing skilled workers, according to an industry report. The warning comes in Oil and Gas UK's latest economic report which said delays in accessing labor markets from EU countries have the potential, in some instances, of leading to production being shut in.
Wednesday, September 12th 2018 - 08:38 UTC
Lula must now ensure the transfer of his voters to candidate Fernando Haddad

Brazil's imprisoned former president Luiz Inacio Lula da Silva, on Tuesday ended his legal battle to run for the top office in next month's election. Senator Gleisi Hoffmann, head of the leftist Workers Party (PT) that Lula founded, made the announcement in the southern city of Curitiba, where the popular Lula has been jailed on corruption charges since April.
Wednesday, September 12th 2018 - 08:38 UTC
Brexit controversy: dissident Tory MPs meet to discuss how and when to dump Theresa May

Conservative MPs opposed to Theresa May's Brexit plan have met to discuss how and when they could force her to stand down as prime minister. Around 50 members of the European Research Group (ERG) openly discussed “how best you game the leadership election rules,” a source said quoted by BBC.
Wednesday, September 12th 2018 - 08:30 UTC
Brazilian equities and currency slump on Tuesday on latest opinion polls

Brazilian equities and currencies slumped on Tuesday after an opinion poll on the presidential election showed leftist candidates gaining ground while market-friendly centrists did not.
Wednesday, September 12th 2018 - 08:21 UTC
Brexit threatening prospects of Jaguar and Land Rover, according to Tata Motors

Protracted Brexit talks are weighing on the recovery prospects of Jaguar Land Rover, according to its Indian owner. The focus of Tata Motors, which bought JLR in 2008 from Ford, is to ensure the automaker remains financially strong in the face of the challenges, Tata Sons Chairman Natarajan Chandrasekaran said in an interview over the weekend. Tata Sons is the parent of Tata Motors.
Wednesday, September 12th 2018 - 08:13 UTC
Argentina equities and Peso slide, in line with Brazil's political situation

Argentine equities and the Peso continued on Tuesday their slide amid global trade tensions, uncertainty about Argentina's 2019 fiscal budget, talks between the government and the International Monetary Fund and the political situation in Brazil, which together with China are Argentina's main trade partners
Tuesday, September 11th 2018 - 15:31 UTC
Lula's party expected to announce Haddad as the presidential candidate

Jailed former Brazilian president Lula da Silva is expected to allow his Workers Party to announce running mate Fernando Haddad as its candidate, following the latest ruling from the Supreme Court. Lula had hoped the Justices would agree to an appeal for more time to switch the head of the Workers Party (PT) ticket after Brazil’s top electoral court last week banned him from running due to a corruption conviction and gave him 10 days to remove his name.
Tuesday, September 11th 2018 - 14:57 UTC
Hunger increases and affects 39 million people in Latin America

Hunger reached 821 million people in 2017 worldwide, of which about 39 million are Latin American, according to the UN Food and Agriculture Organization (FAO). The figure represents a deterioration of 6.1% in Latin America and the Caribbean compared to previous years and could be due to the economic slowdown in South America, especially marked by the case of Venezuela, the UN agency said on Tuesday.
Tuesday, September 11th 2018 - 09:50 UTC
Macri will receive the Global Citizen Award for his commitment to economic reform

Mauricio Macri, president of Argentina, Erna Solberg, Prime Minister of Norway and Hamdi Ulukaya, founder, chairman and CEO of Chobani and founder of the Tent Partnership for Refugees, will be honored by the Atlantic Council with the Global Citizen Awards, during a ceremony on the evening of September 24 in New York, NY. All three distinguished honorees have confirmed attendance and will speak at the event.