Stories for March 2019

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.
Saturday, March 23rd 2019 - 07:31 UTC
Seven countries have launched the Forum for Progress of South America

South American countries on Friday launched the Forum for the Progress of South America (Prosur), a new regional bloc which seeks the “integration and strengthening of the region.”
Saturday, March 23rd 2019 - 07:17 UTC
Ex Brazilian president silent on questioning; he could be released on Wednesday

A Brazilian appeals court will decide on Wednesday whether to grant a request for the release of former President Michel Temer, a judge at the court said on Friday. Judge Ivan Athié said that the Regional Federal Court of the 2nd Region (TRF-2) will decide on the petition by Temer's defense.
Saturday, March 23rd 2019 - 06:49 UTC
Scotland First Minister leads Saturday march in London demanding a second Brexit referendum

Politicians including First Minister Nicola Sturgeon are to join thousands of Scots on a march in London to demand a second Brexit referendum. Bus-loads of protesters travelled through the night from across Scotland for the People's Vote event.
Saturday, March 23rd 2019 - 06:30 UTC
A petition to halt the Brexit process has passed three million signatures

A petition calling on the UK Government to halt the Brexit process has passed three million signatures. The Revoke Article 50 petition has become the second most popular submitted to the Parliament website with the highest rate of sign-ups on record, according to the official Petitions Committee.