Stories for September 2018

Tuesday, September 11th 2018 - 09:29 UTC
El Niño 2018/19 could be a repeat of 2015/16, cautions WMO

There's a 70% chance of a recurrence of the El Niño weather event before the end of this year, according to the World Meteorological Organization. The last El Niño occurred in 2015-16 and impacted weather patterns around the world, but researchers say they are not expecting this new one to be as intense as 2015-16.
Tuesday, September 11th 2018 - 09:12 UTC
Argentine equities and Peso lose ground on Monday: IMF and budget concerns

Argentine equities and the peso both lost ground on Monday as analysts said intervention in the foreign exchange market by the nation's central bank may prove less successful than originally hoped.
Tuesday, September 11th 2018 - 09:06 UTC
Japan insists with a “Sustainable Whaling Committee” to replace moratorium on whale hunting

Pro and anti-whaling nations locked horns on Monday as the International Whaling Commission (IWC) began meeting in Brazil amid outrage over Japan's proposal to end a three-decade moratorium on commercial whale hunting.
Tuesday, September 11th 2018 - 08:59 UTC
Argentina organizing to become a leading exporter of natural gas

Argentina's biggest natural gas transporter, Transportadora de Gas del Sur, and Texas-based Excelerate Energy, signed on Monday a memorandum of understanding to evaluate building the country's first liquefaction plant, as rising natural gas production fuels export prospects.
Tuesday, September 11th 2018 - 08:51 UTC
US economy “booming”, but only 38% approve of Trump, according to opinion polls

United States voters love the performance of the economy, but it has failed to translate into higher approval for President Donald Trump, according to one new poll. The disconnect is perhaps the biggest challenge facing Republicans as they battle to keep control of Congress in November's midterm elections.
Tuesday, September 11th 2018 - 08:43 UTC
EU Barnier's “realistic” comments on Brexit help prop sterling

Sterling surged against the dollar and Euro on Monday after the European Union's chief negotiator said a Brexit deal was “realistic in six to eight weeks”. For the second time in less than a week, Michel Barnier has signaled his desire to move ahead on the Brexit negotiations, less than seven months before the United Kingdom is slated to leave the European Union on March 29, 2019.
Tuesday, September 11th 2018 - 08:33 UTC
UK economy outperforms boosted by services and construction sectors

The United Kingdom economy bounced back in July as the services sector rebounded and construction output reached a record high. The Office for National Statistics (ONS) said the economy expanded 0.3% in July, while gross domestic product (GDP) rose 0.6% on a three-month basis.
Tuesday, September 11th 2018 - 08:23 UTC
Brazil criminal gang breaks into top security jail and let 100 inmates escape

Heavily armed men blew down the front gate of a maximum security prison in northeastern Brazil early Monday and with guns blazing, enabled more than 100 inmates to escape while killing a policeman, authorities said.
Tuesday, September 11th 2018 - 08:15 UTC
Lula waiting for Supreme Court decision before giving up his presidential candidacy

Brazil's imprisoned former president Lula da Silva will not yet bow out of next month's presidential race, waiting first to hear a Supreme Court decision on an appeal of his ban from running, his legal team said. His decision takes his leftist Workers' Party (PT) close to the limit on registering a candidate for the October 7 election, with a court having set Tuesday as the deadline for the PT to name a replacement nominee.
Tuesday, September 11th 2018 - 08:13 UTC
Argentina raises 17% price of biodiesel used in domestic fuel mixes

Argentina raised the price of biodiesel used in domestic fuel mixes in response to a sharp devaluation in the Peso currency and new taxes on primary exports, the government said in its official gazette on Monday.