MercoPress. South Atlantic News Agency
Stories for January 30th 2019
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Wednesday, January 30th 2019 - 09:33 UTC
Ecuador issues 10-year sovereign bonds at 10.75% yield
Ecuador’s finance ministry said it had placed about US$1 billion in 10-year sovereign bonds in the international market. Proceeds from the 10.75% bonds will be used to strengthen the country’s reserves and help fund this year’s budget which has financing needs of about US$ 8 billion, the ministry said in a statement.
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Wednesday, January 30th 2019 - 09:14 UTC
Vale vows to cut 10% iron ore output and decommission ten dangerous sludge dams
Vale SA, the world’s largest iron ore miner, on Tuesday vowed to take as much as 10% of its ore output offline in order to decommission ten more dams like the one that burst last week, killing scores of workers and nearby residents.
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Wednesday, January 30th 2019 - 09:00 UTC
Corruption remains mainly unchanged in the Americas, according to Transparency International
With an average score of 44 for three consecutive years, the Americas region continues to fail in making any serious inroads against corruption, according to the latest report from Transparency International. Compared to other regions, the Americas is similar to Asia Pacific (average score: 44), but behind Western Europe and the European Union (average score: 66).
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Wednesday, January 30th 2019 - 08:54 UTC
Latin American markets outperform world stocks struggling over US/China trade talks
Latin American stocks rose on Tuesday, outperforming world stocks that struggled to hold gains ahead of keenly awaited U.S.-Sino trade talks, earnings of top technology companies and an impending U.S. Federal Reserve decision on interest rates.
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Wednesday, January 30th 2019 - 08:48 UTC
Emerging markets vulnerable to US higher rates and stronger dollar
Emerging markets face more downgrades than upgrades this year as foreign debt levels leave them vulnerable to rising U.S. interest rates and the strength of the dollar, according to Fitch Ratings. Latin America, the Middle East and Africa will be impacted more by lower credit scores because of the high share of their foreign-currency debt, said James McCormack, Hong Kong-based global head of the sovereign and supranational group at Fitch.
