Stories for May 2019

Friday, May 3rd 2019 - 11:46 UTC
Latin American currencies softened against a strong US dollar following the Fed's two days meeting

Latin American currencies softened against a stronger U.S. dollar on Thursday, a day after the U.S. Federal Reserve kept interest rates steady, while most regional stock markets broadly fell along with their global peers.
Friday, May 3rd 2019 - 09:59 UTC
A defiant Maduro appears with the military at an army base in Caracas and calls to defeat coup plotters

Venezuelan President Nicolás Maduro appeared on Thursday flanked by soldiers at an army base in Caracas, in a show of defiance towards his opponents. Maduro called on the armed forces to defeat “any coup plotter”, following two days of clashes between opposition and pro-government forces.
Friday, May 3rd 2019 - 09:55 UTC
“Falklands must be proud of their healthy and vibrant democracy”, says BFSAI commander

Penguin News caught up with the Commander of British Forces for the South Atlantic Islands, Brigadier Nick Sawyer stationed in the Falkland Islands.
Friday, May 3rd 2019 - 09:54 UTC
Pentagon claims China plans to add military bases around the world

The US Defense Department expects China to add military bases around the world to protect its investments in its ambitious One Belt One Road global infrastructure program, according to an official report released on Thursday.
Friday, May 3rd 2019 - 09:17 UTC
Ford agreement with workers for a friendly shutdown of its historic plant in Sao Paulo

Ford Motor Co said it had reached an agreement with the workers’ union at a historic Brazil plant it plans to shutter by the end of the year, paving the way for a friendly shutdown or potential takeover by a local buyer.
Friday, May 3rd 2019 - 09:14 UTC
Chevron completes purchase of controversial Petrobras refinery in Houston

Chevron Corp completed a US$ 350 million purchase of a refinery in the Houston suburb of Pasadena, Texas, from Brazil’s Petrobras, Chevron said in a statement. The sale was agreed to in January, but Chevron put the transfer of the 112,229-barrel-per-day plant’s ownership on hold on April 2, telling Petrobras it had to prove the refinery would operate as promised.
Friday, May 3rd 2019 - 09:10 UTC
Agricultural machine makers anxiously waiting for Brazil's new farm credit package

Uncertainty surrounding Brazil’s new farm credit package is worrying executives from the world’s largest agricultural machine makers since a delay on the definition of the program could hurt their sales.
Friday, May 3rd 2019 - 09:07 UTC
Huawei leak scandal: Theresa May sacking of ex defense secretary backfires

British Prime Minister Theresa May hoped firing her defense secretary over a leak would put her latest government scandal to rest. But it seems only to have unleashed yet another political storm for the PM, with members of her own party questioning her judgment and opponents demanding the police be called in.
Friday, May 3rd 2019 - 09:05 UTC
Brexit frustration: English voters punish both Conservatives and Labour, Liberal Democrats big wins

English voters used local elections to punish both Prime Minister Theresa May's Conservatives and the opposition Labour Party for the deadlock over Brexit, partial results showed on Friday.
Friday, May 3rd 2019 - 09:03 UTC
Bank of England interest rate evolution depend on resolution of the Brexit impasse

United Kingdom interest rate increases could be “more frequent” than expected if the economy performs as the Bank of England is expecting, governor Mark Carney says. The markets are forecasting just one interest rate increase by 2021.