Economy

• Thursday, January 17th 2019 - 10:10 UTC

  Petrobras allowed to sell 90% stake in gas pipeline unit, estimated at US$ 7bn

  

  Brazil’s solicitor general has overturned one injunction that prevented state-controlled oil company Petrobras from proceeding with one of its largest divestitures, the government said in a statement.

• Thursday, January 17th 2019 - 09:08 UTC

  China injects US$ 83bn to the financial system hoping to prop a declining economy

  

  China’s central bank injected a record US$ 83 billion into the country’s financial system on Wednesday, seeking to avoid a cash crunch that would put further pressure on the weakening economy. China’s policymakers are pledging to step up stimulus measures this year and do more to protect jobs as economic growth cools to 28-year lows.

• Thursday, January 17th 2019 - 08:52 UTC

  Goldman Sachs apologizes and blames former partner for Malaysia's major corruption scandal

  

  Goldman Sachs new boss has apologized to Malaysia for the role an ex-partner played in the corruption scandal at one of the country's wealth funds. However, chief executive David Solomon also distanced the bank from the scheme, which saw billions embezzled from the state development fund, 1MDB.

• Thursday, January 17th 2019 - 08:44 UTC

  EU frustrated, (and divided), but waiting for Mrs. May and Westminster Brexit B plan

  

  European Council President Donald Tusk has hinted that the UK should stay in the EU, after the prime minister's Brexit deal was rejected in parliament. “If a deal is impossible, and no-one wants no deal, then who will finally have the courage to say what the only positive solution is?” he tweeted.

• Thursday, January 17th 2019 - 07:31 UTC

  PM May wins no-confidence vote; calls on all parties to work constructively to forward Brexit

  

  Theresa May has called on MPs to “put self-interest aside” and “work constructively together” to find a way forward for Brexit. Earlier, the prime minister won a vote of no confidence by 325 to 306, as rebel Tory MPs and the DUP backed her to stay in No 10. But just 24 hours before, both groups ensured her Brexit plan was voted down.

• Wednesday, January 16th 2019 - 06:20 UTC

  Brexit: what follows? Anybody's guess, but Tories won't yield to Corbyn

  

  It was a Tuesday evening of high-stakes and unprecedented drama that will have an impact far beyond the UK. Prime Minister Theresa May's plan for leaving the European Union - the only one on the table - was voted down by parliament on Tuesday. And, given the constant stream of analysis and speculation, you could be forgiven for feeling a little overwhelmed by it all.

• Wednesday, January 16th 2019 - 06:11 UTC

  With a Brexit no-deal chances diminishing, sterling gains ground, for now...

  

  The pound has risen after MPs voted to reject Theresa May's Brexit deal by 230 votes. Sterling rose 0.05% to $1.287 after declines of more than 1% earlier in the day. The currency slumped 7% in 2018 reflecting uncertainty about the terms of the UK's exit from the European Union.

• Wednesday, January 16th 2019 - 05:57 UTC

  PM May Brexit deal pulverized by Parliament; Corbyn tables a no confidence vote for this Wednesday

  

  Prime Minister Theresa May's Brexit deal was rejected in Parliament by 230 votes - the largest defeat for a sitting government in history. MPs voted by 432 votes to 202 to reject the deal, which sets out the terms of Britain's exit from the EU on 29 March.

• Wednesday, January 16th 2019 - 05:48 UTC

  Australia exposed to record temperatures: some 45C expected this Wednesday

  

  Australians have been warned to avoid exerting themselves outdoors and to drink lots of water as record temperatures in parts of the country look set to linger, and even increase, over coming days. Parts of New South Wales, Australia’s most populated state, and an area of Western Australia, saw record high minimum temperatures of 33 Celsius overnight.

• Tuesday, January 15th 2019 - 09:23 UTC

  Macri praises Chinese investment in hydropower projects in Patagonia

  

  Argentina's president Mauricio Macri on Monday said the joint Argentina-China hydropower megaproject is “highly important” and “emblematic” in terms of renewable energy and economic development. Macri made the remarks during his first official visit to the construction site of the project, where two hydroelectric dams, Condor Cliff and La Barrancosa, are being erected along the Santa Cruz River in Patagonia to boost national energy output.