Stories for November 2018

Tuesday, November 13th 2018 - 11:18 UTC
S&P downgrades Argentina's long term sovereign debt from “B+” to “B”

Standard & Poor's on Monday downgraded Argentina's sovereign long term credit rating from “B+” to “B” and reviewed the country's debt prospects to “stable”, following on the “negative” review from last August.
Tuesday, November 13th 2018 - 10:42 UTC
Bolsonaro's economic team incorporates another Chicago orthodox liberal

Joaquim Levy, managing director and World Bank chief financial officer, has been tapped to be the next president of Brazil’s national economic and social development bank BNDES, news advanced to a column in daily O Estado de S. Paulo published on Sunday.
Tuesday, November 13th 2018 - 08:30 UTC
YPF faces weaker gas demand and shifts focus to Vaca Muerta shale oil

Argentina's energy company YPF said on Monday its 2018 hydrocarbon production likely will fall by 3% to 4% on the year, more than previously expected, as low natural gas demand forces it to close wells and shift its focus to Vaca Muerta shale oil.
Tuesday, November 13th 2018 - 08:24 UTC
Genius creator of Spider-Man, the Fantastic Four, Hulk dies at 95

Stan Lee, the creative dynamo who revolutionized the comic book and helped make billions for Hollywood by introducing human frailties in superheroes such as Spider-Man, the Fantastic Four and the Incredible Hulk, died on Monday. He was 95.
Tuesday, November 13th 2018 - 08:13 UTC
Wide differences in antibiotic use between countries, says new data from WHO

New data published by WHO reveals wide differences in consumption of antibiotics in different countries. For the first time, WHO has collated data on antibiotic consumption for human health care from 65 countries and areas.
Tuesday, November 13th 2018 - 07:47 UTC
UK and EU negotiators must reach an agreement by Wednesday evening

UK ministers have been told “judgment day is coming” over Brexit as the UK and EU strive for a deal within 48 hours. Officials are trying to hammer out an agreement on the terms of the UK's exit by Wednesday to enable EU leaders to agree it by the end of the month.
Tuesday, November 13th 2018 - 07:21 UTC
Human Rights Commission blasts Brazil for weak protection of land and gender rights

The Inter-American Commission on Human Rights (IACHR) on Monday expressed concerns about the state and outlook for rights in Brazil, singling out for particular worry some of the signature campaign issues of far-right President-elect Jair Bolsonaro.
Tuesday, November 13th 2018 - 07:08 UTC
The pound falls to US$ 1.286 in Monday trading on Brexit uncertainty

The pound has sunk in volatile trading after reports that a Brexit deal was near were downplayed by UK officials. Downing Street said “substantial issues” still need to be resolved as negotiators try to secure an agreement over the UK's exit from the EU.
Tuesday, November 13th 2018 - 06:49 UTC
Brexit talks “immensely difficult” and are “now in the endgame” admits Theresa May

Negotiations over the UK's departure from the EU are “now in the endgame”, Theresa May says. Addressing the Lord Mayor's Banquet in the City of London, the prime minister said the talks were “immensely difficult”, but the sides were working “through the night” to make progress.“This will not be an agreement at any cost,” the PM added.
Monday, November 12th 2018 - 18:13 UTC
Oil producing countries agree on need to cut down crude output due to oversupply

They call it “production adjustments,” but in reality most major oil extracting countries agreed Sunday new strategies regarding crude output were needed in light of the surplus accrued over the past few months.