Stories for March 23rd 2019

Saturday, March 23rd 2019 - 09:24 UTC
IADB annual meeting cancelled after China refused to allow a Venezuelan opposition representative attend

The Inter-American Development Bank on Friday called off next week’s meeting of its 48 member countries in China after Beijing refused to allow a representative of Venezuelan opposition leader Juan Guaido to attend.
Saturday, March 23rd 2019 - 09:21 UTC
Africa's cyclone Idai batters 1.7 million people: now outbreaks of cholera and malaria

A week after the flooded Mozambican port of Beira was hit by Cyclone Idai, cases of cholera have been recorded, a humanitarian aid group said on Friday. The International Federation of Red Cross and Red Crescent Societies (IFRC) warned of the risk of other outbreaks, already noting an increase in malaria.
Saturday, March 23rd 2019 - 09:20 UTC
Theresa May not sure of a third vote on her Brexit deal next week: “there is not sufficient support”

Theresa May has told MPs that a third vote on her Brexit deal may not take place next week “if it appears there is not sufficient support”. It comes after European Council President Donald Tusk said Brexit's fate was “in Britain's hands.”
Saturday, March 23rd 2019 - 09:09 UTC
UK and US markets tumble on fears of a global slowdown

Markets in the UK and US have tumbled with analysts attributing the drop to growing fears of a global slowdown. The FTSE 100 saw its worst day of trading this year, closing 2% lower. In the US, the three main indexes ended between 1.9% and 2.5% lower.
Saturday, March 23rd 2019 - 09:06 UTC
Temer's arrest and military pensions' reform brings down Brazilian stock market and weakens currency

Brazilian stocks fell sharply on Friday as the arrest of the country’s former president, Michel Temer, sparked worries that government debate over key fiscal reforms may be delayed.
Saturday, March 23rd 2019 - 09:02 UTC
Petrobras reviewing a deal with China's CNPC to build an oil refinery

Brazil's Petrobras is re-evaluating a preliminary deal with China National Petroleum Corporation (CNPC) to build an oil refinery in the state of Rio de Janeiro, Brazilian economic newspaper Valor Economico reported on Thursday, citing a source from Petrobras’ management.
Saturday, March 23rd 2019 - 08:58 UTC
Brazil's Vale allegedly quashed efforts to audit the dam that killed 300 people

Executives at Vale SA, the world's largest iron ore miner, quashed efforts by Brazilian authorities to audit one of the company's mining dams months before it collapsed and killed over 300 people, a state prosecutor was quoted as saying by news website G1 on Wednesday.
Saturday, March 23rd 2019 - 08:54 UTC
Brazilian agri-business group files for bankruptcy protection: US$ 127m debt

Privately owned Brazilian agribusiness group Itaquere has filed for bankruptcy protection to restructure 482 million reais (US$ 127 million) of debt, according to a letter from management reported in the media.
Saturday, March 23rd 2019 - 08:50 UTC
Philip Morris Canadian branch on creditor protection following a Quebec class action ruling

Philip Morris International Inc on Friday said its Canadian unit, Rothmans, Benson & Hedges Inc (RBH), was granted creditor protection, following a tobacco class action ruling in Quebec earlier this month.
Saturday, March 23rd 2019 - 08:45 UTC
Italy establishing closer links with China, plans to sign Silk Road project

Chinese President Xi Jinping arrived in Rome at the start of a whistle stop European tour amid growing Western unease over the economic giant's new Silk Road project. Prime Minister Giuseppe Conte is to sign a memorandum of understanding with Mr. Xi on Saturday for Italy to join the US$1 trillion Belt and Road Initiative, the first G7 member to do so.