Stories for June 2019

Thursday, June 20th 2019 - 09:20 UTC
Vale resumes full operations at Brucutu mine easing pressure on iron ore markets

Brazilian miner Vale SA said on Wednesday that it will fully resume operations at its Brucutu mine within 72 hours after an appeals court overturned an earlier ruling that halted processing because of concern about the safety of a nearby dam.
Thursday, June 20th 2019 - 09:00 UTC
Divided Fed says no rates changes until 2020; criticism from Trump expected

A divided Federal Reserve held the line on interest rates Wednesday and indicated formally that no cuts are coming in 2019. The decision came amid divisions over what is ahead and still leaves open the possibility that policy loosening could happen before the end of the year depending on how conditions unfold.
Thursday, June 20th 2019 - 08:50 UTC
Brazil central bank leaves benchmark rate at 6.50%; forecasts of 5.50% by December

Brazil’s central bank held its benchmark interest rate at a record-low 6.50% on Wednesday, as expected, holding back from signalling looser policy because of doubts on economic reforms. The scenario outlined by policymakers was one of anaemic economic growth and high levels of economic slack putting downward pressure on inflation at home, plus the prospect of interest rates coming down in major developed economies.
Wednesday, June 19th 2019 - 09:59 UTC
Argentine political scenario prepares for the October presidential election

Argentine politician Sergio Massa, who recently pledged his support to the main opposition challengers to President Mauricio Macri, is in line to play a key role in the country's Congress if his new allies win national elections later this year.
Wednesday, June 19th 2019 - 09:57 UTC
Latam stocks and currencies surged on Tuesday on favorable global news

Latin American stocks and currencies surged on Tuesday with a dovish boost from the European Central Bank and positive headlines from the U.S.-China trade tensions boosting sentiment.
Wednesday, June 19th 2019 - 09:55 UTC
Sao Paulo court accepts Odebrecht recovery procedure; debts amount to US$ 22.3bn

A court in Sao Paulo on Tuesday accepted a request by Brazilian conglomerate Odebrecht to begin a corporate recovery procedure aimed at fending off bankruptcy at the scandal-tainted group.
Wednesday, June 19th 2019 - 09:46 UTC
Brazil Senate overturns Bolsonaro's decree allowing arms for self defense

Brazil’s Senate on Tuesday overturned a decree signed last month by right-wing President Jair Bolsonaro that drastically expanded the number of people allowed to carry weapons in public.
Wednesday, June 19th 2019 - 09:40 UTC
Brazilian pensions' reform faces new challenges

The Brazilian government’s plans to overhaul its pension system can still be saved if lawmakers reverse changes to transition rules and concessions to legislative aides, according to Economy Minister Paulo Guedes.
Wednesday, June 19th 2019 - 09:29 UTC
Petrobras makes huge natural gas discovery in the Sergipe basin

Brazilian state-run oil firm Petrobras has made natural gas discoveries in six deep-water fields in the Sergipe Basin, it said in a regulatory filing on Monday.
Wednesday, June 19th 2019 - 08:55 UTC
Trump launches reelection campaign, a repeat of his 2016 “outsider campaign”

President Donald Trump formally launched his 2020 re-election campaign on Tuesday by presenting himself as the same political insurgent who shook up the Washington establishment four years ago and who is now a victim of an attempted ouster by Democrats.