Stories for April 27th 2019

Saturday, April 27th 2019 - 11:30 UTC
A week of volatility in Argentina ends with the Peso down 8.81%

Argentina’s peso fell back on Friday afternoon to post a record low close, giving up earlier gains after a tumultuous week that saw the currency battered to its weakest ever level and local debt pummeled as anxious investors fled.
Saturday, April 27th 2019 - 10:23 UTC
Resumption of political talk process in Northern Ireland to begin May 7

Prime Minister Theresa May and Taoiseach (Irish PM) Leo Varadkar have issued a joint statement setting up a new talks process aimed at restoring devolution in Northern Ireland. Northern Ireland Secretary Karen Bradley confirmed fresh talks would begin on 7 May. Earlier this week, the two premiers attended the funeral of Lyra McKee.
Saturday, April 27th 2019 - 10:15 UTC
US economy beats expectations and expands 3.3% in the first quarter

The US economy grew much faster than expected in the first quarter of the year, helped by a jump in exports and by firms building up stocks of goods. The economy expanded at an annualized pace of 3.2% in the January-to-March period, well above analysts' forecasts.
Saturday, April 27th 2019 - 10:13 UTC
Microsoft hit this week trillion-dollar value mark for the first time

Microsoft hit the trillion-dollar value mark on Thursday for the first time, becoming the third technology giant to reach the milestone. Shares in Microsoft rallied some 5% in early Wall Street trade after a robust earnings report a day earlier to lift the value briefly above US$1 trillion
Saturday, April 27th 2019 - 09:59 UTC
With markets and assets falling, Argentina becomes a magnet for bargain hunters

Argentine assets have tumbled so far, so fast that a few stout-hearted investors say it might be time to buy. “Find me a high-yield sovereign country with an IMF program paying so generously,” said Jean-Dominique Butikofer, the Atlanta-based head of emerging-market fixed income at Voya Investment Management, which oversees about US$ 205 billion.
Saturday, April 27th 2019 - 09:46 UTC
Leak scandal rocks UK government over decision to allow China's Huawei develop the 5G network

Britain's splintered government was rocked on Friday by a growing scandal over who leaked news that Prime Minister Theresa May has conditionally allowed Chinese giant Huawei to develop the UK 5G network.
Saturday, April 27th 2019 - 09:45 UTC
Lula da Silva claims that Brazil is governed by “a gang of madmen”

Former Brazilian president Lula da Silva on Friday said the country is governed by a “gang of madmen” in his first interview from prison, where he is serving an almost nine-year sentence.
Saturday, April 27th 2019 - 09:44 UTC
Spain votes on Sunday with no clear winner and a possible hung parliament

The leaders of all of Spain's main political parties invited their supporters on Friday night to prepare for power, as campaigning for one of the tightest national elections in decades drew to a close. No single party will get an overall majority in Sunday's ballot, and opinion polls suggest all five leading contenders have a realistic chance of playing a role in government.
Saturday, April 27th 2019 - 09:43 UTC
Oceans teeming with viruses, from North to South Pole and down to 4000 meters deep

The oceans contain almost 200,000 different viral populations, according to the latest count. Marine viruses were found from the surface down to 4,000m deep and from the North to the South Pole. Though most are harmless to humans, they can infect marine life, including whales and crustaceans.
Saturday, April 27th 2019 - 09:38 UTC
Petrobras details divestment list including refineries; Bolsonaro open to privatization of oil company says minister

Brazil's state-controlled oil company Petrobras on Friday for the first time detailed long-awaited plans to sell a series of refineries and other assets as the company focuses on its core oil and gas exploration business.