Stories for June 2019

Tuesday, June 25th 2019 - 09:06 UTC
Bolsonaro to meet President Xi for the first time next Friday in Osaka

Brazilian President Jair Bolsonaro, who criticized China last year for “buying” up his country, will meet with Chinese President Xi Jinping for the first time on the sidelines of this week's G20 meeting in Japan, his office said on Monday.
Tuesday, June 25th 2019 - 09:05 UTC
US Supreme Court upholds lower court shareholder lawsuit against YPF

The U.S. Supreme Court on Monday rejected Argentina’s bid to fend off a lawsuit by energy company Petersen Energía Inversora, S.A. seeking compensation for shares it owned in the now-nationalized YPF S.A. energy company.
Tuesday, June 25th 2019 - 08:51 UTC
Pilots started class-action lawsuit accusing Boeing of covering up the 737 MAX faulty sensor

An airline pilot, identified only as ‘Pilot X’ in court documents, started a class-action lawsuit against Boeing, accusing US plane maker of covering up the 737 MAX’s faulty sensor issue and keeping pilots in the dark about the feature in the pursuit of quick returns.
Tuesday, June 25th 2019 - 08:48 UTC
YPF back in the money market issuing US$ 500 million ten year notes

YPF, Argentina’s biggest oil company, sold overseas bonds for the first time in more than a year after a plunge in borrowing costs opened a window of opportunity. The state-owned driller issued US$ 500 million of 10-year, dollar-denominated notes to yield 8.75%.
Tuesday, June 25th 2019 - 08:35 UTC
Bolsonaro supports Rio to host the F1 Grand Prix starting 2021; Sao Paulo refuses to yield

President Jair Bolsonaro said on Monday there is a “99% chance” that Rio de Janeiro will host Formula One's Brazilian Grand Prix starting in 2021 -- the latest in a battle with Sao Paulo, the current host city.
Tuesday, June 25th 2019 - 08:10 UTC
Boris Johnson's tax proposals questioned by the Institute for Fiscal Studies

Boris Johnson's tax proposals would cost “many billions” and benefit the wealthy the most, according to the Institute for Fiscal Studies. Mr Johnson, the front-runner in the race to lead the Conservative Party, has outlined plans to raise the threshold for the highest rate of income tax to £80,000.
Tuesday, June 25th 2019 - 07:19 UTC
FAO has a new director general, Qu Dongyu from China

Qu Dongyu of China was elected on Sunday Director-General of the Food and Agriculture Organization of the United Nations (FAO). Qu Dongyu received a total of 108 votes out of 191 cast, constituting a majority in the first round.
Monday, June 24th 2019 - 12:37 UTC
Irish farmers protest Mercosur negotiations before EC offices in Dublin

A protest by the Irish Farmers’ Association (IFA) is taking place at the European Commission offices in Dublin over the “double standards of the commission” in their reckless pursuit of a sell-out trade deal” with the Mercosur trade bloc.
Monday, June 24th 2019 - 12:02 UTC
Uruguay and Argentina with a “dry border” for the first time in history

Uruguay and Argentina will have for the first time a “dry border”. This is not because historians, cartographers or geographers suddenly found out, or Uruguay grabbed land from its larger neighbor.
Monday, June 24th 2019 - 09:50 UTC
Argentina lines up for the August primaries; three leading presidential tickets

Months of intense political negotiations and last minute nerve breaking deals came to an end in Argentina on Sunday's zero hour deadline, when the different political groupings had to present to electoral authorities their list of presidential hopefuls, as well as future lawmakers.