Stories for May 16th 2022

Monday, May 16th 2022 - 09:26 UTC
Weighting SDR's currency basket, Dollar and Yuan up; Euro, Yen and Pound down

IMF increased the Chinese Yuan's weighting in the Special Drawing Rights (SDR) currency basket to 12.28% from 10.92% in its first regular review of the SDR valuation since the Chinese currency was first included in the basket in 2016, the Chinese central bank, PCB, reported on Sunday.
Monday, May 16th 2022 - 09:22 UTC
Turkey conditions Finland and Sweden NATO memberships: “they harbor terrorists”

Finland and Sweden allegedly are determined to become full members of the North Atlantic Treaty Organization, dropping decades of full or observant neutrality regarding the powerful neighbor Russia and its current leader Vladimir Putin.
Monday, May 16th 2022 - 09:13 UTC
China cuts mortgage rates for first home buyers; combats real estate giants speculation

China wants to inject more dynamism to the housing market and the Central bank plus the insurance regulator announced on Sunday a significant interest rate cut for first home buyers. This follows on almost two years of rampant speculation among giant real estate companies that almost led to a collapse of the market.
Monday, May 16th 2022 - 09:09 UTC
Tri-Service fly-past to celebrate Queen's Platinum Jubilee

A fly-past by dozens of aircraft from the Royal Navy, British Army and Royal Air Force will soar over Buckingham Palace on 2 June as the UK celebrates the Queen's Platinum Jubilee.
Monday, May 16th 2022 - 09:02 UTC
Biden picks candidate for Montevideo Embassy

US President Joseph Biden has chosen his nominee for the position of Ambassador to Montevideo, which now needs Congressional approval.
Monday, May 16th 2022 - 09:00 UTC
Argentine Pope canonizes first Uruguayan Saint

Pope Francis Sunday raised the first Uruguayan national to sainthood from St. Peter's Square when he canonized Mother Francisca Rubatto, an Italian-Uruguayan nun who lived between 1844 and 1904.
Monday, May 16th 2022 - 08:58 UTC
Chile's Constitutional Convention releases draft

Chile's Constitutional Convention Sunday published the draft of the text it penned to replace the Carta Magna inherited from 1980 and which was inspired by former military dictator Augusto Pinochet.
Monday, May 16th 2022 - 01:16 UTC
Falklands prepares for the Big Plastic Count, starting next week

Next week (16th-22nd May), Falkland Islands residents should consider taking part in Falkland Conservation’s Big Plastic Count. Inspired by Greenpeace's plastic count in the UK, Falklands Conservation are launching an island-wide survey with the aim of recording all plastic used by Falklands residents in just one week.
Monday, May 16th 2022 - 01:07 UTC
Brazilian road show in New York to attract US$ 40bn investors in transport infrastructure

The current Brazilian government expects to have contracts worth R$ 200 billion (US$ 40billion) with the private sector investing in transport infrastructure by end of 2022. To achieve this end, the Ministry of Infrastructure works to encourage more international financing in the concession project portfolio, as highlighted by Minister Marcelo Sampaio during his roadshow this week in New York.
Monday, May 16th 2022 - 01:02 UTC
China's Sinovac Biotech building vaccine plant in Chile investing US$ 100 million

Chinese pharmaceutical Sinovac Biotech Ltd which makes one of the vaccines against Covid 19 most in several Latin American countries initiated on Thursday the construction of its first fill and finish plant in Chile, consolidating its presence in the Latin American country that has used its Covid-19 shot the most.